B+N Referencia Zrt. has acquired ISS Group’s interests in Central and Eastern Europe. With an internationally significant acquisition, the Hungarian group became one of the most notable facility management providers in the region. The transaction concerns the main subsidiaries of the ISS Group in the Czech Republic, Slovakia, Romania, and Hungary.

The Swedish developer launches the construction of another building in the Nowy Rynek complex in Poznań which is going to consist of approx. 28,500 sqm of office space. It will apply for a WELL Core&Shell certificate. The commissioning is scheduled for Q2 2023.

Prima Development Group started in January the works of the Arena Residence residential project in Oradea. The project with 1,226 apartments will be completed in 2024 and the total investment amounts to €65 million.

The B&B Hotels Group secured its financial situation by acquiring €180 million, of which €100 million are funds from the launched bank loan, and €80 million is the result of a capital increase. This will allow the implementation of new development plans in Europe and in the world. Additional funds will be allocated to the continuation of acquisitions and construction of new hotels in the next 5 to 10 years, also in Poland.

In 2020, Echo Investment achieved a net profit of PLN 122 million, which was the result of hand over 1,505 apartments to clients, growth in value of the commercial projects under construction, as well as completed Resi4Rent projects.

Homing Properties is investing €10 million in a new residential project in Bucharest, the company announced. Homing Properties will begin this year with the construction work of a residential project in the city centre, in the area of ​​the Grădinea Icoanei, which will have 45 apartments.

Radisson Hotel Group is launching a rapid testing service for meeting and event attendees at properties across its EMEA portfolio. The testing program builds on the Radisson Hotels Safety Protocol launched in 2020. In addition, upon full implementation of the program every hotel will be able to provide guests with the option to visit an easily accessible and affordable PCR testing location, either at the hotel site or in its vicinity.

Croatian real estate consultancy firm Spiller Farmer has brokered the sale of a 165,000 sqm land plot in Velika Gorica, near Zagreb, to LogExpert. The new owner plans to build a modern logistics centre of 60,000 sqm on the property.

The hunt for logistics properties is intensifying, many investors are looking for strip malls and specialised stores, new and premium office buildings are increasingly leaving obsolete ones behind. Commercial real estate advisor VLK Cresa summarised the last few months on the Hungarian property investment market.

The pandemic brings a substantial evolution rather than a catalyst for a revolution. It accelerates ongoing changes in real estate strategies that otherwise would have taken years to implement, says Arkadiusz Rudzki, Executive Vice President of Leasing & Sales at Skanska office development in CEE, who shared his thoughts on workplace trends with Property Forum.