News - CTP buys Bucharest asset in leaseback transaction
30
Nov
2020

CTP buys Bucharest asset in leaseback transaction

by Property Forum
Businessman Dan Șucu has sold the logistics centre of furniture and decoration retailer Mobexpert, located near Bucharest, to developer CTP in a "sale-and-leaseback" transaction valued at about €14 million, profit.ro reports. Mobexpert will remain the long-term tenant of the building.
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News - YIT completes reconstruction of Bratislava office building
27
Nov
2020

YIT completes reconstruction of Bratislava office building

by Property Forum
YIT Slovakia has completed the reconstruction of the Pradiareň 1900 office building in Bratislava. Starting from December 2020, the Slovak branch of Microsoft will move into the premises as the first tenant.
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News - Kaufland and Lidl to acquire 3 ha land plot in Bucharest
27
Nov
2020

Kaufland and Lidl to acquire 3 ha land plot in Bucharest

by Property Forum
SIF Banat - Crișana has agreed to sell approximately 3 ha of land at the site of the former Filan factory in the Pantelimon district of Bucharest to German retailers Kaufland and Lidl for about €12 million, profit.ro reports. This sum is 60% higher than what the fund paid for the property in 2019.
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News - Țiriac Imobiliare to go for WELL certifications
27
Nov
2020

Țiriac Imobiliare to go for WELL certifications

by Property Forum
Romanian developer Țiriac Imobiliare has appointed Colliers International to obtain the WELL Health-Safety certification for a mixed portfolio of projects, being the first developer in Romania to do so.
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News - 1,200 apartments to be built near Bucharest logistic centre
27
Nov
2020

1,200 apartments to be built near Bucharest logistic centre

by Property Forum
The Dutch investors that own the Eurocooling logistics centre in eastern Bucharest have applied for approval of a zoning plan for the development of a residential project, economica.net reports. The owners plan to build a residential complex with approximately 1,200 apartments.
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News - Colliers takes over management of Warsaw SSC
27
Nov
2020

Colliers takes over management of Warsaw SSC

by Property Forum
Colliers International has taken over the management of the DSV International Shared Service Centre in Warsaw.
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News - Investors expect market recovery in 2021
26
Nov
2020

Investors expect market recovery in 2021

by Property Forum
Central business district (CBD) offices, supermarkets and food-anchored retail parks, as well as logistics assets in key locations across Europe, will present attractive investment opportunities in 2021 as investors regain confidence following the COVID-19 crisis, according to Savills Investment Management (Savills IM).
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News - Panattoni to build new industrial park in Central Bohemia
26
Nov
2020

Panattoni to build new industrial park in Central Bohemia

by Property Forum
Panattoni has begun the construction of a new 31,000 sqm industrial park on the site of the former Kavalier glassworks in Hostomice near Teplice in Central Bohemia.
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News - Residential now accounts for 27% of global investment volume
26
Nov
2020

Residential now accounts for 27% of global investment volume

by Property Forum
Operational residential investment (which comprises multifamily, student housing and senior living assets) accounted for 27% of global real estate investment in the first three quarters of 2020, up from just 16% a decade ago, according to the Savills Global Living Report 2020.
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News - Fashion House to open second Romanian outlet in 2021
26
Nov
2020

Fashion House to open second Romanian outlet in 2021

by Property Forum
Retail outlet developer Fashion House Group plans to open its second outlet centre in Romania, Fashion House Pallady, on 25 March 2021.
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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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