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News Globalworth reports €16.1 million net loss due to revaluation
06
Mar
2023

Globalworth reports €16.1 million net loss due to revaluation

by Property Forum
Property investor Globalworth has reported a net loss of €16.1 million in 2022 compared to a profit of €47.5 million in 2021, while the value of its commercial portfolio remained effectively unchanged at €3.2 billion. 
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News #50MostInfluential Romania – Coming again in 2023!
03
Mar
2023

#50MostInfluential Romania – Coming again in 2023!

by Property Forum
Property Forum is excited to announce that the 2023 edition of “The 50 most influential people on Romania’s real estate market” will be published on May 4th during our Spring Networking Party in Bucharest, on the day of our first-ever Romania ESG Forum.
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News Housing loans hold only 9% of GDP in Romania
28
Feb
2023

Housing loans hold only 9% of GDP in Romania

by Property Forum
Romania has one of the lowest volumes of housing loans as a share of GDP, being for instance six times lower than Poland in absolute terms, according to a study published by Romanian developer STC Partners. 
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News When can affordable housing become a reality in Croatia?
28
Feb
2023

When can affordable housing become a reality in Croatia?

by Property Forum
Continuously rising housing prices across Croatia, additionally amplified by the country’s recent entry into Eurozone and the Schengen area, have provoked discussions about affordable housing and models that can be applied in Croatia, based on the experience of other countries in the CEE region. Erste Group Bank, one of the leading financial institutions in CEE, became a potential forerunner in setting up an affordable housing concept in Croatia, however, the project is yet to commence and still strongly depends on cooperation with local governments, which are often lacking flexibility or avoiding a tighter and highly publicized joint ventures with the private sector.
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News Meta Estate Trust gains €8.9 million from property exits in 2022
28
Feb
2023

Meta Estate Trust gains €8.9 million from property exits in 2022

by Property Forum
Romanian property holding Meta Estate Trust says it recorded a gross profit of 7.2 million lei (€1.5 million) during 2022, which was the first full financial year since the launch of the company. Its total revenues amounted to 21.7 million (€4.4 million), while the assets reached 98.6 million lei (€20 million). 
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News One United Properties records slight turnover gain in 2022
28
Feb
2023

One United Properties records slight turnover gain in 2022

by Property Forum
Romanian developer One United Properties says its consolidated turnover rose by 4% year-on-year to €235.4 million in 2022, while its gross profit fell 5% to €116.2 million over higher investment activity. 
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News Fall of construction costs in Romania remains unlikely
24
Feb
2023

Fall of construction costs in Romania remains unlikely

by Property Forum
While the costs of construction materials in Romania rose during 2022, impacting the ability of developers to self-finance their projects, the current outlook is not pointing towards an improvement of this situation this year, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
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News Office space completion costs to rise in forthcoming years
23
Feb
2023

Office space completion costs to rise in forthcoming years

by Property Forum
The past year has brought a lot of economic turbulence, from the still-felt effects of the pandemic to the consequences of the war in Ukraine, rising commodity prices and disrupted supply chains to currency fluctuations and energy price hikes. This situation is driving the rising costs associated with building and finishing commercial real estate. At the same time, price increases are accompanied by an evolution in office design as companies increasingly opt for a hybrid work model and pay more attention to employee welfare and sustainability. Each year, Tétris takes a look at the current budget challenges associated with office fit-outs in the EMEA region, compares them with current trends, and summarizes everything in its Fit-Out Cost Guide report.
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News KGAL reports strong results for 2022
23
Feb
2023

KGAL reports strong results for 2022

by Property Forum
In 2022, KGAL’s new business volume reached almost €1.9 billion across all asset classes. The renewable energy funds exceeded their return targets by approximately 100 percent on average, the impact residential real estate fund, KGAL Core 5 LIFE, got off to a strong start and the aviation team took advantage of the industry’s comeback, securing 16 aircraft operating leases. KGAL also made a number of important internal decisions within the company, further providing for a successful future.
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News CEE investment volumes in 2022 down just 3.3% year-on-year
21
Feb
2023

CEE investment volumes in 2022 down just 3.3% year-on-year

by Property Forum
Markets are expected to remain subdued in H1 2023 due to the negative sentiment in the economy, the significantly higher financing costs and the subsequent pricing correction that is currently playing out in both CEE and many other global markets, reveals a report by Colliers.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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