ARTICLES LABELLED WITH TAG CEE

News GTC reports €12 million net profit in Q1 2023
26
May
2023

GTC reports €12 million net profit in Q1 2023

by Property Forum
GTC’s adjusted EBITDA was €24 million in Q1 2023 (€26 million in Q1 2022), while net profit amounted to €12 million in Q1 2023 (€15 million in Q1 2022). The decrease mainly resulted from lower gross margin from operations and loss from revaluation, partially offset by lower finance costs and foreign exchange gain.
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News NNDKP sees increased interest in renewable energy investments in Romania
23
May
2023

NNDKP sees increased interest in renewable energy investments in Romania

by Ovidiu Nicolae
Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the increasing investor interest in the renewable energy sector, the outlook for the real estate transaction market in 2023 and the law firm’s performance in the real estate segment.
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News The green transformation is well underway in Romania
10
May
2023

The green transformation is well underway in Romania

by Property Forum
Progress on ESG in the real estate industry has been seen since 2018 and sustainability considerations are shaping investment strategies and client demand, concluded speakers of the ESG in real estate panel of Romania ESG Forum 2023, organised by Green Forum and Property Forum last week in Bucharest.
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News Romania stands out in CEE when it comes to market sentiment
27
Apr
2023

Romania stands out in CEE when it comes to market sentiment

by Property Forum
CEE, much like the wider European market, continues to experience subdued market sentiment, while Romania remains a positive light in the region, the RICS Commercial Property Monitor for Q1 2023 reveals.
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News GTC reports €25 million profit for 2022
25
Apr
2023

GTC reports €25 million profit for 2022

by Property Forum
GTC’s adjusted EBITDA was at €101 million in 2022 (€113 million in 2021), while the net profit amounted to €25 million (€43 million in 2021). This mainly resulted from lower gross margin from operations, higher loss from revaluation and foreign exchange loss, partially offset by lower finance costs.
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News iO Partners takes over most JLL business lines in CEE
25
Apr
2023

iO Partners takes over most JLL business lines in CEE

by Property Forum
JLL and iO Partners have announced today that JLL will transfer its existing Leasing, Capital Markets, Valuations Advisory, Consulting and Project Management delivery businesses to iO Partners in Romania, Czech Republic, Hungary and Slovakia.
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News CTP aims to double in size by 2030
13
Apr
2023

CTP aims to double in size by 2030

by Property Forum
CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of leasable space by the end of the decade, over the projected growth of demand across Central and Eastern Europe. 
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News Czech office fit-out costs rank among highest in CEE
11
Apr
2023

Czech office fit-out costs rank among highest in CEE

by Property Forum
In the CEE region, Prague placed second in terms of the price of fitting out an office. With €1,159 being the average cost per square metre in Prague, it is just over half of what is standard in top cities in Germany or the UK, where costs often exceed €2,000. Compared with the last year, the prices have grown all over Europe due to inflation and other factors. The 10% increase in Prague means that office occupiers need to carefully consider their office usage and space needs when redesigning their offices. Sustainability and DE&I are also increasingly affecting fit-out requirements, reports Cushman & Wakefield in their latest analysis.
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News NEPI Rockcastle concludes €200 million secure green financing
11
Apr
2023

NEPI Rockcastle concludes €200 million secure green financing

by Property Forum
Property group NEPI Rockcastle has raised the equivalent of €143 million equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for 2022, while also completing a secured green financing of €200 million for a 5-year term with Erste Group Bank and Raiffeisen Bank.
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News Urbanisation and supply gap drive CEE's residential markets
28
Mar
2023

Urbanisation and supply gap drive CEE's residential markets

by Property Forum
When comparing the end of 2021 to 2022, there has been a significant increase in the supply of PRS units year-on-year in countries across Central and Eastern Europe (CEE), such as Hungary (+301%), Romania (+244%), Poland (+217%) and Bulgaria (+173%), reveals a report by Colliers.
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Latest news


New leases

  • Hungarian startup Colossyan has leased 1,000 sqm at Academia Offices, in Budapest, at the end of May. The office project was opened six months ago and has already reached an occupancy rate of 80%.
  • PGD Sp. z o.o., a distributor of products for bakeries, confectioneries and ice-cream parlours, has leased approx. 2,000 sqm of production and warehouse space in Waimea Airport Logistics Park Szczecin-Goleniów investment. Axi Immo was the agent representing the tenant in negotiating and selecting a new location.
  • Tetra Pak, a global player in food processing and packaging industry, has leased approximately 1,200 sqm of space in Lakeside in Warsaw. JLL Poland is responsible for the exclusive commercialisation of the building, owned by Atenor.

New appointments

  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.
  • Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. She joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Research departments. Lupașcu has more than 20 years’ worth of experience in media and real estate.
  • Karolina Kunciak, an expert with experience in retail consultancy, has joined CBRE Poland. She will be responsible for high streets.

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