25
Mar
2021
Mar
2021
Zeus International buys three hotels in Bucharest
Zeus International Group has bought three hotels in Bucharest in a cross-border share deal from Alpha Real Estate Services (ARES), a member of Alpha Bank Group.
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18
Mar
2021
Mar
2021
Are Poland’s leisure hotels pandemic-proof?
According to analyses by JLL, Poles return to hotels in holiday resorts more willingly than in the spring 2020. Business hotels are still waiting for guests.
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18
Mar
2021
Mar
2021
BudaPart in Budapest to continue with hotel development
The construction of a new building in the BudaPart mixed-use project in Budapest has started. As Mihály Schrancz, Managing Director of developer Property Market Kft., said earlier in an interview with Portfolio in December, the company has signed an agreement with the Radisson chain for a mixed-use development comprising a four-star hotel and office space. The Radisson Hotel Budapest BudaPart, to be built as part of the BudaPart Downtown project, will be operated by the Radisson Hotel Group international chain.
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11
Mar
2021
Mar
2021
Hotel transaction volume down 87% in Romania
In Romania, the hotel transaction volume reached about €9.5 million in 2020, down 87% from approximately €75 million in 2019, Cushman & Wakefield Echinox data shows.
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10
Mar
2021
Mar
2021
Hampton by Hilton to open two new hotels in Poland
The Hilton hotel network has unveiled plans to open two new Hampton by Hilton hotels in Poland, following the signing of two franchise agreements.
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10
Mar
2021
Mar
2021
Vision Apartments buys former Ramada hotel in Bucharest
Vision Apartments announced it signed the purchase agreement of the former Ramada Bucharest Majestic Hotel. The company didn't disclose the value of the transaction.
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08
Mar
2021
Mar
2021
Athenee Palace Hilton Bucharest undergoes €25 million renovation
ANA Hotels, a company owned by businessman George Copos, announced an investment of €25 million in the Athenee Palace Hilton hotel in Bucharest.
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04
Mar
2021
Mar
2021
Nordis launches new mixed-project in Brașov
Nordis Group, a real estate developer specialized in the construction of luxury real estate, announces the launch of a new exclusive complex, consisting of a hotel and residential apartments, located in Brașov.
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03
Mar
2021
Mar
2021
New Ibis hotel opens in Timișoara after €10 million investment
Optim Project Management has completed its work on the new 6,715 sqm ibis Timișoara City Center for Hotel Development SA, a company owned by brothers Emil and Marius Cristescu.
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25
Feb
2021
Feb
2021
W Budapest Hotel planned to be unveiled in 2022
Hungarian integrated architecture and building services provider DVM group started the construction works of Drechsler Palace in January 2021 at 25 Andrássy Avenue, Budapest. The monument building, previously home to the Pension Fund of the Hungarian State Railways and the Hungarian State Ballet Institute, is owned by QPR Properties who is transforming the building into the first W Hotel in Hungary, W Budapest.
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Latest news
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- Panattoni fully lets Park Kielce after completion
- Why North East Romania is Europe's next investment frontier
- Gránit Pólus secures €290 million refinancing in Budapest
- How can cities fight water scarcity and drought?
- European outlet centres see record investments
- Westbridge secures green energy for Skanska's Polish offices
- CH Korona in Wrocław updates tenant mix
- Amera Grup looks to scale local industrial and hospitality investments
- CA Immo launches share buyback programme
New leases
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
- Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
