Internationally expanding Hungarian company Indotek Group is looking at new investment opportunities on the Romanian market. Florin Tirla, Country Head Romania & Bulgaria at Indotek Group talked to Property Forum about the company’s plans and shared his expectations for the future of the office and retail markets.

Despite the slowdown in activity in the first half of 2020 due to COVID-19 and the earthquake that hit Zagreb in April, the Croatian capital’s office market was very active in 2020 with total leasing activity amounting to 55,000 sqm, according to a market report by Cushman & Wakefield | CBS International Croatia.

Point Development, the local subsidiary of the Israeli group Shikun & Binui, has successfully completed the LEED certification process for the second construction stage of its residential-scheme City Point, becoming the sixth project in Europe certified LEED-ND and the third certified as Gold. The whole process was coordinated by Colliers Romania.  

Bucharest Properties REIT, a company with American shareholders, announced the completion of the second stage of the Vitan Estates residential complex, an investment of €10 million. In total, the project amounts to a €20 million investment.

Colliers International Romania launches a new service, with Office 360°, a complete approach of the office, which will allow business managers to shape their future workplace strategy using an innovative online tool created by the company.

European Logistics Investment (ELI), together with its partner Panattoni, will deliver an advanced warehouse complex in Kraków. City Logistics Kraków I, planned as a BREEAM certified, two hall facility will add to Małopolska region 37,000 sqm of logistics space. 9,000 sqm in the first building has been pre-let to InPost – the largest logistics operator in Poland.

International workspace provider HB Reavis announces that Marcin Klammer will lead its Polish team. Most recently, he worked as Development Director for Unibail Rodamco Westfield. He was also CEO Central and Eastern Europe for BNP Paribas Real Estate and held a number of positions at Arcadis, including CEO and Market Sector Leader.  ó

Alides, the Ghent-based property developer and investor, has purchased Gdańsk’s Waterside office complex from DEKA Immobilien. The building has a marketable surface of 9,320 sqm and is located in the historic Old Town. This is Alides' second acquisition in Gdańsk, following the purchase of the Imperial Shipyard in 2017 together with Revive.  The purchase price has not been disclosed.

Commercial property investment volume in the Czech Republic amounted to €797 million in H2 2020 with 60% of the H2 transaction volume (i.e. €478 million) being for properties located in Prague, according to Savills research.

Romania-based project management company Optim PM has opened a branch in Belgrade to expand its services on the Southeast European real estate market.