The office market in Cluj-Napoca is the second largest in Romania following the one in Bucharest and there are eight office buildings with a total leasable area of 130,000 sqm under development that will be completed by 2025, according to real estate consultancy Fortim Trusted Advisors, part of BNP Paribas Real Estate Alliance. 

Zacaria Group, the largest developer of logistics spaces in Sibiu, will open next year a retail park in Cisnădie, Sibiu, following an investment of more than €11 million. 

Monika Bronicka, Director and Head of Valuation and Advisory at Avison Young talked to Property Forum about the current challenges to the valuation of properties under rapidly-changing market conditions in Poland.

Atrium has sold the shopping mall Optima in Košice, Slovakia. The company wants to focus on its core markets, Warsaw and Prague from now.

P3 has finalised the purchase of its third plot in Southern Poland. The acquisition is P3’s first investment in Upper Silesia, the second-largest warehouse market in the country.

Immofinanz is presenting an updated strategy following the majority takeover by CPI Property Group. The company plans to continue its value-creating growth strategy with a strong focus on retail properties and office solutions. As part of an active portfolio management, properties with a value of approximately €1 billion will be sold and the proceeds invested in higher-yielding assets. The successful course of the company will be continued on Immofinanz’s robust financial base together with the strengthening of ESG activities. Immofinanz will benefit in pursuing this strategy from close cooperation with the CPI Property Group and the related synergy effects.

To be a small and dynamic company, which makes decisions quickly based on consensus and its own analysis and reasoning. These are the secrets to being the most active investor in Prague even in the past two difficult years, according to Českomoravská Nemovitostní (ČMN’s) new CEO, Karel Bor, who talked to Property Forum about the company’s investment strategy.

Colliers represented Hungarian developer Faedra Group, on an exclusive basis, in the disposal of the first phase of its brand-new logistics development in Budapest.

Equinox Nepremičnine d.d., the first public limited company on the Ljubljana Stock Exchange to engage in real estate leasing and development, has just negotiated a strategic 20-year lease on Grand Hotel Union, uHotel and Hotel Lev in Ljubljana. The deal was signed with world-renowned Hotusa Group, for a cumulative rent exceeding €110 million. The operator search was exclusively organised by Cushman & Wakefield.  

Edina Magó will step up as Marketing Director and Nikoletta Ispánki will join the company as Commercial Director. The new appointments will strengthen the focus to enhance the growing markets.