Pan-European real estate investment manager Europa Capital, in partnership with commercial real estate investor and developer ConvergenCE, has acquired the Akadémia Business Center in Budapest. The acquisition has been completed on behalf of Europa Capital’s latest value add fund, Europa Fund VI.

The change in the office market which we witnessed in 2021 was only the warmup for what is to come in 2022 and forward. The sharing economy and digitization are driving the disruption in the office industry and the adaption of hybrid work models from international corporations are acting as a booster. New Work’s annual Flex Office Market Report 2022, presented in Warsaw and broadcasted internationally, provides some insights.

CBRE has secured a property management mandate for CA Immo's entire Budapest office portfolio of 9 buildings, the company announced on LinkedIn.

Last year was a demanding period for the office market and a test for us, which we managed to successfully pass, says Katarzyna Zawodna-Bijoch, President and CEO at Skanska’s commercial development business unit in Central & Eastern Europe (CEE). In 2022, we will witness safe and futureproof workplaces, new technologies as well as Environmental, Social & Governance (ESG) areas becoming increasingly important, with the latter being subject to continuous intensive analyses as a business trend.

Wyndham Hotels & Resorts announced its entry into Poland with the 205-room Wyndham Wrocław Old Town. Managed by Mogotel Hotel Group the hotel is expected to open early next month and will be located in the heart of Wrocław's city center.

Romanian developer Forty Management has initiated the authorization procedure for Royal Suites Central District in northern Bucharest, with a market value of €76 million. Once completed, the building will be the tallest residential project in Romania with a height of 122 meters. 

Romanian developer One United Properties has announced the handover of One Herăstrău Towers, located in northern Bucharest, with a gross development value of around €53.3 million. 

CTP has started the construction of solar power plants across its entire portfolio, with the first phase of 6 buildings to be installed in Biatorbágy and Üllő, both located in the outskirts of Budapest.  The plants, each with a capacity of 500 kW, are scheduled to start operations in the first quarter of 2022, aiming to meet tenants' green energy needs while reducing energy costs. The project will be carried out by local contractors and will be developed by CTP as its own investment, entirely from its own resources.

After issuing a green bond in 2020, CA Immo signed its second sustainability-linked financing instrument at the end of 2021: a €300 million 3-year revolving credit facility (RCF) with two one-year extension options, whose margin is amongst others tied to the company's sustainability performance.

At the end of 2020, Porto Montenegro presented to the public its long-awaited project – the innovative, urban-style neighbourhood of Boka Place. The carefully planned space blends gastronomy, shopping and entertainment with many other benefits, available to Porto Montenegro residents as well as to more than 3.1 million visitors coming each year.