Newmark Group announced an agreement with Budapest-based VLK Consulting, which will become Newmark VLK Hungary. The announcement follows a recent agreement with a leading Polish commercial real estate firm operating as Newmark Polska.

Ukrainian real estate market players, representing cities, companies and projects, will gather for the fifth time in a row under the “Ukraine @ MIPIM” initiative. Ukraine has been represented at MIPIM for over 15 years.

CPI Property Group has become the first real estate company from CEE to issue sustainability-linked bonds. The sustainability-linked bonds were issued in the amount of €700 million, with an annual coupon of 1.75% and a maturity date of 14 January 2030.

The growing interest in domestic tourism is conducive to the development of accommodation facilities in resorts. Interesting city hotels are also opening. The current year should bring stabilisation in the hotel industry as more countries move from treating COVID as an endemic rather than a pandemic, says Walter Herz. 

Romanian developer One United Properties has completed the first phase of Bucharest-based One Cotroceni Office Park, with a gross leasable area of 46,000 sqm. The company said it has leased 75% of the office and commercial spaces by the time of delivery. 

Bogdan Doicescu, Development Director and Executive Board Member at Bog’Art, spoke with Property Forum about the company’s construction pipeline and the outlook of the real estate market in Romania going into 2022.

In Q3 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (22%) and a quarter-on-quarter (7.3%) comparison, well above the EU average of 9.2% and 3.1%, respectively, according to Eurostat’s House price index.

Yovav Carmi, President of GTC’s Management Board, has announced that he steps down from the current position by mutual agreement. He has served the company for over 20 fruitful years, performing various functions, including a post on the Management Board.

Romanian Nordis Group, specialized in the development of hotels and residential projects, recorded sales of RON 400 million (around €80.9 million), mainly in the project located in Mamaia.

The Polish branch of BNP Paribas Real Estate represented one of the Asian clients of the BNP Group in the acquisition process of a distribution centre in Świebodzin In Western Poland, which was developed by Panattoni. The Korean fund became the new owner. The property with a GLA of 190,000 sqm is fully leased to Amazon, one of the largest e-commerce providers in the world.