News - AFI Europe starts refurbishment of Bucharest office project
27
Apr
2021

AFI Europe starts refurbishment of Bucharest office project

by Property Forum
Real estate developer AFI Europe Romania is investing around €1.6 million in the refurbishment of common spaces in the AFI Lakeview office project, in northern Bucharest. 
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News - Romanian housing prices edge up in Q1 2021
27
Apr
2021

Romanian housing prices edge up in Q1 2021

by Property Forum
Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro. 
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News - Aldi to install solar panels on store rooftops in Hungary
27
Apr
2021

Aldi to install solar panels on store rooftops in Hungary

by Property Forum
Three years ago, Aldi installed its first solar power plant in its store in Sopron, followed by the unit in Budaörs. Experiences have shown that the company was able to generate two months' worth of electricity consumption this way, which motivated it to expand the initiative. Aldi will install solar panels on the rooftops of 16 stores nationwide. It expects each plant to cover at least two months' electricity supply in the given store.
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News - Zing to lease space from Panattoni in Warsaw
27
Apr
2021

Zing to lease space from Panattoni in Warsaw

by Property Forum
Zing, the largest paper distributor in Poland, has signed a lease agreement for 20,800 sqm in the multi-let facility at Panattoni Park Warszawa-Konotopa III. Experts from JLL advised Zing on the processes of selecting the location and negotiation of lease terms. 
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News - Cloud 9 developer aims to reach 90% sale rate by year-end
27
Apr
2021

Cloud 9 developer aims to reach 90% sale rate by year-end

by Property Forum
Akcent Development says that it sold 67% of the Cloud 9 residential project in northern Bucharest and aims to sell 90% of the planned 820 apartments by the end of 2021. 
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News - Office stock under construction in Warsaw hits 11-year low
26
Apr
2021

Office stock under construction in Warsaw hits 11-year low

by Property Forum
Warsaw's office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarised the situation in the Warsaw office market at the end of the first quarter of 2021.
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News - 7R to build another two last-mile warehouses in Warsaw
26
Apr
2021

7R to build another two last-mile warehouses in Warsaw

by Property Forum
7R has acquired land for two new last mile projects in Warsaw locations. The first will be built on Osmańska Street, near Chopin Airport, and the second - on Rzeczna Street in Targówek. 
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News - Panattoni completes BTS facility in Ostróda
26
Apr
2021

Panattoni completes BTS facility in Ostróda

by Property Forum
Panattoni has completed the construction of a BTS facility for Animex Foods, the largest food producer and exporter of meat in Poland. The modern building, with an area of ​​10,153 sqm, has been developed near Ostróda in the Warmian-Masurian province.
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News - Globalworth advises shareholders to take no action
26
Apr
2021

Globalworth advises shareholders to take no action

by Property Forum
On 14 April 2021, CPI Property Group S.A. and Aroundtown SA unilaterally announced a firm intention to make a cash offer for the share capital of Globalworth not already owned or controlled by them at €7.00 per Globalworth share. On 19 April 2021, Globalworth announced the formation of an independent committee of the Board to evaluate the offer.
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News - Impact Developer & Contractor revenues up 28% in 2020
26
Apr
2021

Impact Developer & Contractor revenues up 28% in 2020

by Property Forum
Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 
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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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