News - Corwin publishes its first sustainability report
09
Dec
2022

Corwin publishes its first sustainability report

by Property Forum
The last two years marked steep growth for the Slovak developer Corwin. With their four new acquisitions, they have grown to be the largest developer in Ljubljana and have sold their flagship project Blumental as one of the largest transactions of the year in Bratislava. In 2022, Corwin also published its first sustainability report.
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News - BDPST Group to buy Hotel Gellért in Budapest
09
Dec
2022

BDPST Group to buy Hotel Gellért in Budapest

by Property Forum
Hungary's BDPST Group is set to acquire Hotel Gellért in Budapest, located in the same building as one of the city's most famous spas, from Indotek Group. The price of the transaction was not disclosed. Indotek obtained the hotel in 2019, buying the property from Danubius Hotels Group, portfolio.hu reports.
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News - Warehouses in Poland hold strong
09
Dec
2022

Warehouses in Poland hold strong

by Property Forum
Despite the still-uncertain geopolitical situation over Poland's southeastern border, the performance of the warehousing sector in the investment and leasing markets gives grounds for optimism. Demand in Q3 2022 amounted to 1.6 million sqm (+11% y/y), indicating that companies are still interested in acquiring new space for development. On the supply side, on the other hand, the new policy of investment financing by banks in the coming quarters will bring the announced cooling down in the construction of new projects. This trend may particularly affect speculatively built warehouses, which at the end of September 2022 accounted for about 52% of the 4 million sqm of space currently under construction. Axi Immo presented data summarizing Q3 2022 in the industrial and logistics market.
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News - Echo Investment issues bonds for PLN 180 million
09
Dec
2022

Echo Investment issues bonds for PLN 180 million

by Property Forum
Institutional investors have subscribed to bonds of Echo Investment with a total value of PLN 180 million (€38.4 million). The developer will use the funds raised to redeem existing bonds and strengthen the company's leadership position in the Polish real estate market.
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News - Panattoni to build sorting facility for Poczta Polska in Warsaw
09
Dec
2022

Panattoni to build sorting facility for Poczta Polska in Warsaw

by Property Forum
Warsaw II is a complex of buildings that the company is acquiring as part of the implementation of the Logistics Network Architecture strategic project. The halls will be ready at the end of 2023. Panattoni will deliver the facility.
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News - How are CEE hotel markets doing post-pandemic?
09
Dec
2022

How are CEE hotel markets doing post-pandemic?

by Property Forum
In its latest study on the CEE hotel market, hotel real estate expert Christie & Co sheds light on how the capital cities of Prague, Bratislava and Budapest developed during the Covid-19 pandemic and which of the three cities emerged the strongest from the crisis.
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News - Most investors and developers in Romania still look to expand
09
Dec
2022

Most investors and developers in Romania still look to expand

by Property Forum
Real estate investors and developers active in Romania argue that inflation, the increasing financing costs, the geopolitical situation and also the increasing construction costs are the main macroeconomic factors which may impact the Romanian real estate market, as these factors are expected to put pressure both on demand and on the rental levels. However, despite all the above-mentioned issues, investors remain positive and their expansion plans in Romania are mostly intact, according to the first edition of Cushman & Wakefield Echinox's “Real Estate Investors Sentiment Barometer”.
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News - Flex spaces are designed to respond to the needs of the market
09
Dec
2022

Flex spaces are designed to respond to the needs of the market

by Michał Poręcki
Ana Nekhamkin, Vice President of Real Estate and Projects and Michał Kwinta, City Lead Poland at Mindspace talked to Property Forum about their second office in Warsaw, the development of the flex office sector and the potential effects of high inflation.
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News - Hungary's Mol opens new headquarters in Budapest
08
Dec
2022

Hungary's Mol opens new headquarters in Budapest

by Property Forum
Mol Campus, Hungarian oil company Mol's new headquarters, located within the BudaPart mixed-use project and built by Market Építő Zrt., is the highest office building in the country reaching 143 meters and offering 86,000 sqm of office and retail space. 
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News - Iulius opens its second retail park in Iași
08
Dec
2022

Iulius opens its second retail park in Iași

by Property Forum
Iulius Company opened the second Family Market project in the Bucium neighbourhood of Iași. The convenience retail project caters to necessary everyday services and products in the residential area in the residential area which has seen steady development in recent years. A McDonald’s Drive Thru, Auchan supermarket, Sinsay, and another 23 local and national entrepreneurs provide a customised mix of products and services resulting from community consulting.
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Latest news


New leases

  • Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
  • Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
  • Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.

New appointments

  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.

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