ARTICLES LABELLED WITH TAG Bulgaria

News Demand slows down on Sofia’s office market
17
Aug
2020

Demand slows down on Sofia’s office market

by Property Forum
In the first half of 2020, the supply of modern class A, B and C office space in Sofia increased by 1%, reaching 2,315,600 sqm, according to Colliers International. The recently completed building 3 of Garitage Park accounted for much of the growth in the office stock.
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News OTP Bank provides €25 million loan for Sofia office project
20
Jul
2020

OTP Bank provides €25 million loan for Sofia office project

by Property Forum
Law firm Kinstellar has successfully represented OTP Bank and its Bulgarian subsidiary, DSK Bank, in negotiating a €25 million loan for the construction and operation of Balkan Business Center, a major office complex in Sofia.
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News Cyprus-based developer to invest up to €100 million in Bulgaria
17
Jun
2020

Cyprus-based developer to invest up to €100 million in Bulgaria

by Property Forum
Cyprus-based real estate developer Everty Group intends to invest up to €100 million in Bulgaria during the next four years. The announcement follows the group's first major investment in Bulgaria, the acquisition of the 40,000 sqm Perform Business Centre in central Sofia back in 2019.
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News GTC secures new tenant for Sofia office project
10
Jun
2020

GTC secures new tenant for Sofia office project

by Property Forum
GTC Bulgaria has informed that the varied tenant portfolio of Advance Business Center II will be enriched by Commerzbank. One of the largest German banks will lease over 3,500 sqm GLA of office space starting 1st December 2020. The pre-leasing agreement was consulted by CBRE. Advance Business Center II is under construction phase and due for delivery in Q4 2020.
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News Czechs remain the most optimistic as forecasts are downgraded across CEE
05
May
2020

Czechs remain the most optimistic as forecasts are downgraded across CEE

by Ákos Budai
The ongoing COVID-19 outbreak seems to be having a severely negative impact on market sentiment across the CEE region, according to the latest RICS Commercial Property Monitor. Q1 2020 figures show that both rental and capital value expectations have been downgraded across the region with retail expected to see the sharpest decline and industrial proving to be the most resilient asset class.
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News Uncertainty puts focus on ongoing projects in Bulgaria
05
May
2020

Uncertainty puts focus on ongoing projects in Bulgaria

by Property Forum
The coronavirus outbreak continues to affect people and economies deeply. In the latest online panel organized by Property Forum, three real estate professionals discussed the impacts of the coronavirus crisis on the Bulgarian property market.
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News Sofia’s office market faces significant slowdown
05
May
2020

Sofia’s office market faces significant slowdown

by Property Forum
The office market in Sofia faces a significant slowdown, due to the economic uncertainty and weakening business activity caused by COVID-19, according to the latest market report of Forton, a strategic partner of Cushman & Wakefield for Bulgaria and Macedonia.
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News What’s next for the Bulgarian market? – Free online panel
30
Apr
2020

What’s next for the Bulgarian market? – Free online panel

by Property Forum
Property Forum’s series of virtual events, organised in partnership with the RICS, continues with a free online panel discussion providing a market update for Bulgaria. Attendance is free but registration is mandatory.
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News Has COVID-19 affected construction sites in SEE?
30
Apr
2020

Has COVID-19 affected construction sites in SEE?

by Property Forum
The construction industry seems to have been relatively less affected than some other industries (like tourism) as most large projects continue during the lockdown measures across the region. The Eastern European Construction Forecasting Association has published a COVID-19 update on the construction sectors of Bulgaria, Croatia and Slovenia.
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News Colliers: CEE investment volumes expected to drop in Q2/Q3
08
Apr
2020

Colliers: CEE investment volumes expected to drop in Q2/Q3

by Property Forum
The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of COVID-19 in CEE at the beginning of March. This volume was significantly boosted by the ca. €1.3 billion acquisition of the Residomo portfolio in the Czech Republic by Heimstaden, however, it still represents a y-o-y growth of 68% over Q1 2019 (ca. €2.2 billion) and 28% over Q1 2018 (ca. €2.9 billion).
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Latest news


New leases

  • Hexing Technologies Europe has leased 8,000 sqm for a new production plant in Globalworth Timisoara Industrial Park I. The lease deal was brokered by CBRE.
  • Eolus Poland, a renewable energy developer from Sweden, will become one of the tenants of LIFE Building. It will soon occupy nearly 300 sqm of the office building located in Warsaw's Wola district.
  • Polcast Media group, the owner of Polonia 1 TV, has signed a lease for approximately 500 sqm of office space at Trinity One in Warsaw. Located in Warsaw's Służewiec district, Trinity One is part of Revetas Capital's portfolio.

New appointments

  • Avison Young has named Adrian Crizbășianu, former executive at DB Schenker and VGP, as the new Head of Industrial & Logistics Agency. He has an extensive background in logistics and real estate spanning over 25 years.
  • Katarzyna Uzar joins the Valuation and Advisory team at Avison Young in Poland to take on the position of Assistant Valuer. She will support the team in creating offers and letters of appointment for valuation and will help property valuers throughout the valuation process.
  • Bartosz Chrostowski, an expert with almost 10 years of experience in commercial property, has joined real estate advisory firm Savills as an Associate Director of the landlord representation team of the office agency led by Daniel Czarnecki.

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