ARTICLES LABELLED WITH TAG CEE

News Immofinanz starts preparations for squeeze-out of S Immo
24
May
2024

Immofinanz starts preparations for squeeze-out of S Immo

by Property Forum
The Supervisory Board of Immofinanz has approved the commencement of preparations for a squeeze-out of S Immo in accordance with the Austrian Squeeze-out Act. In the course of the squeeze-out, shares in S Immo held by minority shareholders shall be transferred to Immofinanz as the main shareholder in exchange for appropriate cash compensation.
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News Property investment in Romania up 69% in Q1 2024
21
May
2024

Property investment in Romania up 69% in Q1 2024

by Property Forum
Commercial property investment in Romania amounted to €202 million in Q1 2024, up by 69% compared to the same period of last year, with retail accounting for around two-thirds of the deal volume, according to a Colliers report.
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News Colliers creates new position to analyse CEE business intelligence
21
May
2024

Colliers creates new position to analyse CEE business intelligence

by Property Forum
Colliers has promoted Josefina Kurfurstova to the newly created position of Senior Analyst - CEE Business Intelligence covering Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia.
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News ‘Flexible living’ is a serious alternative to the traditional lease model
21
May
2024

‘Flexible living’ is a serious alternative to the traditional lease model

by Michał Poręcki
Rustom Vickers, Vice President & Head of Development at Blueground, has talked to Property Forum about the “flexible living” rental model, the changes in the rental market in the post-pandemic era and the expansion plans in the CEE region.  
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News Optimization is the current buzzword in CEE offices
16
May
2024

Optimization is the current buzzword in CEE offices

by Property Forum
Workplace adaptation to hybrid working, sustainability and inclusion are some of the biggest office trends and buzzwords at the moment. The implementation of these elements in a new office is, however, a challenge, especially in the current macroeconomic situation. Employers want to bring employees back to the office, while optimising rising costs. According to Cushman & Wakefield’s latest report, medium-quality fit-outs in Warsaw are priced at an average all-in rate of €1,250 per square metre – almost the same as in Prague or Budapest but half of what average fit-out costs are in London and Hamburg.
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News Theme parks are the next big business opportunity in CEE
23
Apr
2024

Theme parks are the next big business opportunity in CEE

by Property Forum
Tourism and the commercial real estate industry would both benefit from the existence of theme parks in CEE. Demand is real and exists, however, there are several challenges to address for both investors and developers. Property Forum asked Róbert Székely, Senior Hospitality and Leisure Advisor at Newmark VLK Hungary, to give an overview of the potential of such parks in our region.
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News P3 Group reports stron financial performance in 2023
08
Apr
2024

P3 Group reports stron financial performance in 2023

by Property Forum
The company recorded a 19% increase in NOI to €423 million (2022: €357 million), attributed to portfolio expansion and increasing rent levels. On a like-for-like basis, NOI rose by 6%, driven by lease indexation and strong re-leasing spreads, with new effective rents averaging 23% higher when compared to prior leases on the same space. An enhanced EBITDA margin of 83% was achieved, reflecting the company’s strategic focus on growth, efficient re-leasing, and operational efficiency.
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News Romania offers more attractive yields compared to core CEE countries
08
Apr
2024

Romania offers more attractive yields compared to core CEE countries

by Ovidiu Nicolae
Vlad Stanislav, Managing Director Romania at iO Partners, talked to Property Forum about the company’s expansion in the energy and infrastructure line of services and the higher yield environment in Romania’s property sector compared to other markets in CEE.
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News CPIPG expects more stable valuations onward
05
Apr
2024

CPIPG expects more stable valuations onward

by Property Forum
CPI Property Group has published its audited financial results for the financial year ended 31 December 2023, confirming a stable market environment with high occupancy figures. On the other side, the figures have shown a considerable net loss of €877 million, driven predominantly by a non-cash negative revaluation result. Property Forum asked CPIPG spokesman Jakub Velen to comment on the figures and provide an outlook for the year ahead.
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News Kinstellar to continue operation of Noerr’s CEE practice in 4 countries
04
Apr
2024

Kinstellar to continue operation of Noerr’s CEE practice in 4 countries

by Property Forum
Noerr and Kinstellar have announced that Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar.
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Latest news


New leases

  • Business Services Center, a networking organisation for Polish entrepreneurs under the banner of BNI, BNI+ and Corporate Connections, has joined the group of tenants in the DL Tower building in Katowice. The company will occupy a space of 240 sqm.
  • Logistics operator CAT LC will occupy 9,000 sqm of space at the Śląskie Centrum Logistyczne Sosnowiec III. The company is part of the international Groupe CAT.
  • Intense Group has joined the group of tenants at the Vinci Office Centre. The Polish manufacturer and supplier of IT solutions will occupy approximately 700 sqm of space in the Kraków facility.

New appointments

  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.

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