ARTICLES LABELLED WITH TAG Bulgaria

News SAP acquires Sofia office building for €49 million
11
Oct
2021

SAP acquires Sofia office building for €49 million

by Property Forum
SAP is acquiring the newly built Class A office building Park Lane Office Center in Sofia for €49 million. The purchase price is equivalent to a 7.5% asset yield. This is the largest investment deal on the Bulgarian office property market so far in 2021
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News CTP accelerates expansion in Bulgaria
08
Sep
2021

CTP accelerates expansion in Bulgaria

by Property Forum
CTP has recently finalised two strategic acquisitions in Bulgaria as part of its two-year, €300 million expansion plan to further grow its presence in the country.
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News SEE construction markets set to record further expansion until 2023
08
Jul
2021

SEE construction markets set to record further expansion until 2023

by Property Forum
In the first year of the pandemic, the construction market of the SEE region as a whole remained in the positive, and further expansion is expected until 2023. The only exception is Bulgaria where a harsh transition is foreseen for 2023 when the 2014-2020 EU programming period ends financially. The massive growth experienced in the years before 2020 is not anticipated to return. around 3% growth is projected for 2021 and 2022, and a 3% drop for 2023. The countries with the largest cumulated growth on the forecast horizon are Croatia and Serbia, according to the Eastern European Construction Forecasting Association’s 2021 Summer Construction Forecast Report.
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News Poland to register quickest revenue recovery among CEE countries
30
May
2021

Poland to register quickest revenue recovery among CEE countries

by Ákos Budai
Commercial property is viewed as having below-average risk levels in most CEE countries. Revenues from different asset classes are expected to recover to pre-COVID levels most rapidly in Poland, according to the RICS Global Commercial Property Monitor for Q1 2021.
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News W&L to deliver four warehouse buildings in Sofia
19
May
2021

W&L to deliver four warehouse buildings in Sofia

by Property Forum
Developer Warehousing & Logistics EOOD (W&L) has begun the construction of the newest industrial park in Bulgaria, called Logistics Park Sofia (LPS). The park is located about 8 km from the capital Sofia. W&L is planning to build 4 warehouse buildings in the complex which will span more than 116,000 sqm of industrial and office space that will be available to potential tenants. So far this is the first Bulgarian logistics park with such a high concentration of industrial space.
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News Knight Frank opens office in Sofia
19
May
2021

Knight Frank opens office in Sofia

by Property Forum
Knight Frank has formally opened a dedicated office in Sofia, becoming a fully branded Knight Frank business from May 2021.
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News Have we reached the bottom of the property cycle?
29
Apr
2021

Have we reached the bottom of the property cycle?

by Property Forum
The Q1 2021 results of the RICS Global Commercial Property Monitor indicate a slightly less negative market sentiment across Europe compared to the previous quarter. Rental growth expectations remain negative within the office and retail sectors across all European nations covered, while the outlook for industrial markets has never been more positive.
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News Avison Young plans further expansion in CEE
20
Apr
2021

Avison Young plans further expansion in CEE

by Ákos Budai
Avison Young has significantly increased its CEE presence in recent months and the company is planning further expansion. Gerry Hughes, Principal and President of Avison Young Europe talked to Property Forum about the firm’s strategy for CEE and shared his expectations regarding the future of the advisory business.
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News Radisson announces return to Bulgaria
20
Apr
2021

Radisson announces return to Bulgaria

by Property Forum
Radisson Hotel Group announced the opening of Hotel Imperial Plovdiv, a member of Radisson Individuals. The newest addition to the portfolio of the Radisson Individuals brand, which initially launched in Europe in Q4 2020, also marks the group’s return to the Bulgarian market.
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News Avison Young opens new offices in Czech Republic and Bulgaria
25
Mar
2021

Avison Young opens new offices in Czech Republic and Bulgaria

by Property Forum
Avison Young announces two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE) with the addition of a newly established venture in the Czech Republic and Slavtchev Consulting in Bulgaria. Both will operate under the Avison Young brand and deliver integrated services to local and multinational clients.
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Latest news


New leases

  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.
  • Building E belonging to the Nowy Rynek complex developed by Skanska in Poznań, although still under construction, is already attracting its future tenants. The international company Wunderman Thompson Technology will open its office here on approximately 2,000 sqm.

New appointments

  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
  • P3 Logistic Parks strengthens its team in Poland. Having worked as Deputy Head of Leasing since 2019, Iwona Sadowska has now been promoted to the position of Head of Leasing.


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