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STORY OF THE DAY
Construction figures drop in Hungary

Story of the week

News Construction figures drop in Hungary
20
Feb
2024

Construction figures drop in Hungary

by Forum Property
In 2023, 18,647 new dwellings were built, 9.2% fewer than a year earlier. The number of dwellings to be built under construction permits and simple declarations issued was 21,501, 39% fewer than in 2022, Hungary’s Central Statistical Office reports.
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Investment

News CPI Property Group investment office Poland Warsaw Wood & Company
22
Feb
2024

CPIPG sells Concept Tower office building in Warsaw

by Forum Property
CPI Property Group has sold the Concept Tower office building in Warsaw to Wood & Company Real Estate Fund. The price has not been discolsed.
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Property deals in Romania under negotiation exceed €600 million Properties in Romania’s mountain resorts start at €3,500 per sqm Polish investment market hopes for smooth waters

Industrial

News Cushman&Wakefield logistics Poland warehouse
22
Feb
2024

Last year was one of the best in the history of Polish industrial market

by Forum Property
According to the latest report from Cushman & Wakefield, 2023 saw the second-highest supply level and the third-highest take-up figure in the history of the Polish industrial market. The sector continues to enjoy strong fundamentals supporting its steady growth despite the rapidly changing macroeconomic environment.
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Panattoni hands over warehouse near Tricity Ideal Idea expands City Park Wrocław warehouse complex Panattoni starts construction of new Trilux factory in Poland

Retail

News BNP Paribas Real Estate Poland report retail
22
Feb
2024

Modern retail market in Poland is in good shape

by Forum Property
According to the latest quarterly report by BNP Paribas Real Estate Poland, the closing months of last year saw heightened development activity and many retailer debuts on the Polish retail market. Retail parks accounted for 80% of the new retail floor space supply.
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NEPI Rockcastle sees 21% growth of net operating income in 2023 New Dornych in Brno moves closer to construction Colliers relaunches retail service line in Hungary

Residential

News Bratislava Estate 01 Residential Slovakia
22
Feb
2024

New Aston project in Bratislava moves ahead in permitting

by Forum Property
A new high-rise building replacing an older hotel on the busy Bajkalská street in Bratislava has received an EIA approval, reports YIMBA.sk.
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Zeitgeist opens private dormitory in Warsaw Railway station in Prague to be converted to apartments PSN plans acquisitions worth €40 million

Report

News ESG report RICS valuation
21
Feb
2024

RICS launches new resource to support ESG valuation across Europe

by Forum Property
The Royal Institution of Chartered Surveyors (RICS) is launching a new data list, alongside a thought leadership paper which explores and aids valuers in incorporating ESG into their work.
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Slovak fund admits risks of commercial properties Join Property Forum at the BE Mixer by PropertyTalents – Amsterdam Edition! Stronger demand, lower vacancy – What’s driving Kyiv’s office market?

Office

News betahaus Bucharest GTC Premium Plaza Romania Ziv Gigi
21
Feb
2024

Coworking operator betahaus enters Romania

by Forum Property
Coworking space operator betahaus has opened its first hub in Bucharest, marking its entrance in Romania. The company has leased space in the Premium Plaza office project owned by GTC in central Bucharest.
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IWG to open three new office units in Budapest PKV expands into new offices by CTP in Brno

Hotel

News certification hotel LEED Poland Vastint Warsaw
20
Feb
2024

Vastint gets LEED Gold for Warsaw hotel

by Forum Property
Vastint Poland has been awarded the LEED Gold certification for the Sound Garden Hotel located within Business Garden Warsaw. This is the last of seven buildings that make up this  complex, which has successfully undergone multi-criteria environmental verification.
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Prague hotels recover from Covid impact IHG to open Europe's first Holiday Inn & Suites in Budapest Nordis opens hotel & resi project in Mamaia

Interview

News Cushman&Wakefield Hungary industrial warehouse
20
Feb
2024

Speculative industrial projects may come to regional cities in Hungary

by Forum Property
The development pipeline of logistics centres is still powerful around Budapest but some of the players seek other opportunities near regional industrial cities. However, landlords need to adapt to market changes while adjusting their rental conditions. Property Forum asked Gábor Halász-Csatári, Head of Industrial & Logistics Agency at Cushman & Wakefield about the latest trends in meeting demands and the pivotal role of fulfilment services in Hungary.
Read more >
Sustainability is the new currency in real estate Developers face bumpy road for heritage projects New schemes emerge to boost housing in Hungary and Poland

Career

News Avison Young announces strategic affiliation in Croatia
16
Feb
2024

Avison Young announces strategic affiliation in Croatia

by Forum Property
Avison Young has announced a strategic affiliation with a dynamic team of experienced local professionals in Croatia. This expansion demonstrates AY's commitment to capitalize on opportunities in South East Europe. The new office will be located in Zagreb. The team's core areas of expertise include Office, Retail, Industrial & Logistics (I&L), Land, Residential, Hotels & Resorts, with comprehensive services provided through Capital Markets, Occupier Services, Valuation & Advisory and Hotels & Resorts.
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CA Immo names new Group Head of Investment Management Colliers promotes Andrzej Gutowski to ESG Chief Officer for CEE REDD launches CRE marketplace in four CEE countries

Economy

News Building Act construction Czech Republic economy legislation
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Forum Property
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
Read more >
Consolidation package nearly doubles property tax in Czech Republic Slovakia postpones new Construction Act Reconstruction of Prague's Masaryk station to cost €138 million

New leases

  • Tech company Blankfactor will open an office on the 35th floor of RPHI’s SkyTower Bucharest building. The lease deal was brokered by CBRE.
  • Aluprof SA, has joined the tenant roster in the LIXA E building in Warsaw. The 340 sqm of modern space located on the ground floor of the building will house the company’s office and showroom. The LIXA E building has also been chosen by the medical communications agency Unique Work for its new headquarters. The company has leased nearly 285 sqm of space, also on the ground floor.
  • The offer of Galeria Amber, managed by EPP, was strengthened by four new tenants. Among them were iSpot, Burger King and Klockolandia, which debuted in Kalisz. Monnari has also joined their ranks. The new agreements covered a total area of almost 600 sqm.

New appointments

  • Anna Bartoszewicz-Wnuk joins the Velis Real Estate Tech team as Head of Central & Eastern Europe and will be responsible for the company's development in the CEE markets.
  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.
  • Meta Estate Trust has named Adela Antone as Investment Director. She has around 20 years’ worth of experience in the banking and real estate sectors.

Latest news


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