News - Karimpol brings together retail, storage and office space in Bratislava project
24
Aug
2021

Karimpol brings together retail, storage and office space in Bratislava project

by Ákos Budai
Austrian company Karimpol Group officially launched the construction of the Squarebizz Bory project in Bratislava which will include retail, storage and office space. Peter Šmitala, Project Manager at Karimpol Slovakia talked to Property Forum about the project and the company’s future plans.
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News - Poland’s largest cities are fueling a construction boom
24
Aug
2021

Poland’s largest cities are fueling a construction boom

by Property Forum
Poland’s largest cities only slightly adjust their planned investments due to the lower earnings caused by COVID-19. Similarly, zoning development plans are also not slowing down - as seen in talks between Urban Land Institute Poland (ULI Poland) and five cities involved in the project, “Around the city in 8 questions”. The series of discussions is expected to continue into the Fall, with another three meetings already planned.
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News - GTC proceeds with transformation to unsecured debt
24
Aug
2021

GTC proceeds with transformation to unsecured debt

by Property Forum
For GTC, the first half of the year was marked with the change in its financing structure and move from individual secured bank loans for particular projects to predominantly unsecured bond funding. The company published its results for H1 2021.
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News - Eden Capital Development invests in Bucharest luxury apartments
24
Aug
2021

Eden Capital Development invests in Bucharest luxury apartments

by Property Forum
Property developer Eden Capital Development says it will invest in two luxury residential compounds in northern Bucharest due to higher demand for high-end projects in the Romanian capital. 
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News - Speedwell develops new residential building in Bucharest project
24
Aug
2021

Speedwell develops new residential building in Bucharest project

by Property Forum
Property developer Speedwell has kicked off the construction of Building 2, part of the first phase of residential complex THE IVY located in Băneasa, northern Bucharest. 
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News - MLP Pruszków II centre gets BREEAM Very Good certificate
24
Aug
2021

MLP Pruszków II centre gets BREEAM Very Good certificate

by Property Forum
MLP Group has received a Very Good BREEAM International New Construction certificate for its new project at the MLP Pruszków II logistics centre.
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News - JLL: Records tumble in Poland’s industrial market
24
Aug
2021

JLL: Records tumble in Poland’s industrial market

by Property Forum
Demand for warehouses at 3.15 million sqm and new supply at 1.14 million sqm set new H1 records for the industrial market. Poland registers Europe’s second-highest developer activity with over three million sqm under construction. JLL summarised Poland’s industrial market for H1 2021.
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News - Investors are looking at Romania to commit long-term
24
Aug
2021

Investors are looking at Romania to commit long-term

by Property Forum
Gabriel Biriş, Founding Partner at Biriş Goran talked to Property Forum about the pandemic’s impact on the legal advisory business and what concerns investors share with him regarding Romania’s tax and legal framework.
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News - Bucharest-based Vitantis Shopping Center secures new tenants
23
Aug
2021

Bucharest-based Vitantis Shopping Center secures new tenants

by Property Forum
Vitantis Shopping Center, the retail park owned by Revetas Capital, has closed new leasing deals for 3,900 sqm with three companies that will occupy spaces for the next 5-10 years. 
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News - Office demand in Bucharest down 10% in H1 2021
23
Aug
2021

Office demand in Bucharest down 10% in H1 2021

by Property Forum
Bucharest’s office stock topped 3 million sqm at the end of the first half, with more than 250,000 sqm of new spaces slated for delivery by the end of next year, according to a report by Colliers. 
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Latest news


New leases

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.

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