News - One United Properties aims to boost share liquidity on BVB
11
Aug
2021

One United Properties aims to boost share liquidity on BVB

by Property Forum
Romanian developer One United Properties says it contracted market making services to boost the liquidity of its shares on the Bucharest Stock Exchange (BVB).
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News - Accor takes on management of new hotel in Bucharest
10
Aug
2021

Accor takes on management of new hotel in Bucharest

by Property Forum
The new ibis Bucharest Politehnica will be managed by Accor in Romania. The project was developed by local real estate company Novum Business Services. 
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News - Ceetrus opens €16 million hotel in Brașov
10
Aug
2021

Ceetrus opens €16 million hotel in Brașov

by Property Forum
Real estate developer Ceetrus has opened Hotel Qosmo within its mixed-use projects Cartier Coresi in Brașov. 
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News - CA Immo gets COVID-19 compliant certification for Romanian portfolio
10
Aug
2021

CA Immo gets COVID-19 compliant certification for Romanian portfolio

by Property Forum
CA Immo says it has obtained the COVID-19 Compliant certification for its entire Romanian portfolio that comprises seven office buildings with a total leasable area of over 165,000 sqm. 
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News - Demand on the Polish warehouse market is thriving
10
Aug
2021

Demand on the Polish warehouse market is thriving

by Property Forum
The Polish warehouse market experienced robust occupier demand in H1 2021, with take-up at 3.3 million sqm. Logistics companies and e-commerce retailers accounted for over half of all space leased. Supply also remains high, with 1.1 million sqm delivered in the first six months of 2021, which is a testament to strong market fundamentals. Very good absorption of space has resulted in a decline in availability, to 5.4% of the stock at the end of June. However, with the amount of space under construction at an all-time high of 3.4 million sqm, the vacancy rate is expected to stabilise in the upcoming quarters. Advisory firm Axi Immo presented its report "Polish Warehouse Market in H1 2021".
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News - Echo celebrates 2 million square meters
10
Aug
2021

Echo celebrates 2 million square meters

by Property Forum
The two-millionth square meter occurred in one of the apartments of Esencja Apartments in Poznań. The apartment was handed over at the end of July. During the 25 years of its existence, Echo Investment has built and delivered almost 200 projects in 37 Polish cities.
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News - Israeli investor Gazit offers to buy all Atrium shares
10
Aug
2021

Israeli investor Gazit offers to buy all Atrium shares

by Property Forum
The Board of Directors of Atrium European Real Estate has received a proposal from Gazit Globe Limited to acquire the equity of Atrium that Gazit does not currently own for a consideration of €3.35 per share. An independent committee of the Atrium Board will review and consider the proposal.
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News - Czech industrial vacancy rate falls to lowest level ever recorded
10
Aug
2021

Czech industrial vacancy rate falls to lowest level ever recorded

by Property Forum
According to Savills, the Czech nationwide industrial vacancy rate declined again and reached a new historic low of 2.4%, after dropping by 89 basis points (bps) since the end of 2020. The volume of new industrial space delivered to the market during H1 2021 was 43% down year-on-year (y-o-y). The total stock of modern industrial premises in the country grew by 192,300 sqm, of which 110,800 sqm were completed in Q2 2021. At the end of June, the total stock stood at 9.3 million sqm.
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News - Alfa Group bets on green bonds and portfolio diversification
10
Aug
2021

Alfa Group bets on green bonds and portfolio diversification

by Ákos Budai
Hungary-based Alfa Group plans to raise approximately HUF 10 billion in its first Green Bond issue scheduled for October 2021. Ohad Epschtein, Managing Partner of Alfa Group International talked to Property Forum about the importance of sustainability and he also shared some details about the company’s expansion strategy.
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News - Romania’s industrial stock edges closer to 6 million sqm
09
Aug
2021

Romania’s industrial stock edges closer to 6 million sqm

by Property Forum
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young. 
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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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