News Hungary levies 90% tax on construction materials
09
Jul
2021

Hungary levies 90% tax on construction materials

by Property Forum
The government’s recently announced measures to curb construction material prices were published in the Official Gazette late on Thursday, including the supplementary mining tax, a new type of tax for certain market players.
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News Evergent Investments buys land in northern Bucharest
09
Jul
2021

Evergent Investments buys land in northern Bucharest

by Property Forum
Evergent Investments, a public alternative investment fund, has purchased a land plot of 16,000 sqm in northern Bucharest, for an undisclosed sum. 
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News Eagle Hills completes structural works on Kula Belgrade
09
Jul
2021

Eagle Hills completes structural works on Kula Belgrade

by Property Forum
Belgrade Waterfront developer Eagle Hills has completed structural works on Kula Belgrade. With 168 metres, 42 levels and a total area of about 50,000 sqm, the tower is the tallest building in Serbia and the region.
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News M7 buys warehouse in Poznań
08
Jul
2021

M7 buys warehouse in Poznań

by Property Forum
M7 Real Estate, acting on behalf of M7 CEREF II, acquired a city warehouse in Poznań from a private individual. Avison Young's investment team introduced the property and represented the buyer.
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News Savills to commercialize Diamante Plaza in Kraków
08
Jul
2021

Savills to commercialize Diamante Plaza in Kraków

by Property Forum
Real estate advisory firm Savills has been appointed as the letting agent for the office space in Diamante Plaza in Kraków.
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News Romanian employees think the office is partially safe for health
08
Jul
2021

Romanian employees think the office is partially safe for health

by Property Forum
More than 65% of Romanian employees consider their office to be only partially safe for health in the context of the pandemic, according to a new survey commissioned by Genesis Property. 
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News Echo Investments sales ale flourishing in Poland
08
Jul
2021

Echo Investments sales ale flourishing in Poland

by Property Forum
In the first half of 2021, Echo Investment sold 907 apartments in Poland, improving its sales by almost 40 pct on the same period last year.
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News Wing completes B&B Hotel Budapest City
08
Jul
2021

Wing completes B&B Hotel Budapest City

by Property Forum
Wing has completed the first Hungarian unit of B&B Hotels, having converted the former Angyal office building in Boráros Square, on the bank of the Danube in Budapest. The hotel features a restaurant, a bar, a rooftop bar with a view, two meeting rooms, and an underground parking garage with electric charging stations. The new hotel will welcome its first guests in the summer of 2021.
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News Over 2,000 new hotel rooms to be delivered in Romania by 2023
08
Jul
2021

Over 2,000 new hotel rooms to be delivered in Romania by 2023

by Property Forum
The hotel sector in Romania in on the recovery path following the steep drop in demand recorded in 2020 due to lockdown measures designed to contain the pandemic. Despite the health crisis, few projects have been abandoned, while deliveries of new hotels were delayed or postponed. 
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News SEE construction markets set to record further expansion until 2023
08
Jul
2021

SEE construction markets set to record further expansion until 2023

by Property Forum
In the first year of the pandemic, the construction market of the SEE region as a whole remained in the positive, and further expansion is expected until 2023. The only exception is Bulgaria where a harsh transition is foreseen for 2023 when the 2014-2020 EU programming period ends financially. The massive growth experienced in the years before 2020 is not anticipated to return. around 3% growth is projected for 2021 and 2022, and a 3% drop for 2023. The countries with the largest cumulated growth on the forecast horizon are Croatia and Serbia, according to the Eastern European Construction Forecasting Association’s 2021 Summer Construction Forecast Report.
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Latest news


New leases

  • EPP's Outlet Park Szczecin, the only outlet centre in Western Pomerania, is strengthening its fashion offerings by signing agreements with three brands previously unavailable in the region. JACK & JONES and Evenemen, with their men's fashion collections, and the premium optician OUTLY, have already opened their stores. eobuwie will also join the tenant roster this fall. VENEZIA, TATUUM, WITTCHEN, and Pako Lorente are also continuing their partnerships with the centre, significantly expanding their stores, while Lee Wrangler and German Optiker are moving to new locations. The new agreements and extensions cover a total area of nearly 1,800 square meters.
  • mFinanse S.A. has extended its current lease at the LIFE_Building in Warsaw and expanded its office space. As of July this year, the mBank Group company will occupy a total of 350 sqm in the building owned by VIG Fund. During the transaction, VIG Fund was represented by JLL, the exclusive leasing agent for LIFE_Building, while Deloitte Legal provided legal advisory services.
  • Stay Fit Gym, the largest fitness chain in Romania and Eastern Europe, is launching a new premium concept for those seeking high-end facilities. The brand is debuting its first "Black" type centre in the Palas Iași mixed-use complex, owned by Iulius.

New appointments

  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
  • Tomasz Chojnacki, a commercial property expert with nearly 20 years’ experience, has joined international real estate advisory firm Newmark Polska as Regional Director for Southern Poland in its Office Department, with effect from 1 August. His key responsibilities include representing office tenants during relocations and lease renegotiations.

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