ARTICLES LABELLED WITH TAG CEE

Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects. 

Investors returned to the Central and Eastern Europe (CEE) markets. Their activity exceeded the volume of €3.3 billion in H1 2024 translating into 41% growth year on year and reaching almost the full-year volume of 2023. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the investment market in Poland against the background of countries in the CEE region.

Radisson Hotel Group has announced the rebranding of prizeotel to Prize by Radisson and its entry in Poland. 

Property Forum’s first annual CEE Property Forum Awards Gala will take place during CEE Property Forum on 25 November 2024. The list of award categories is already available and nominations are now open until October 18th. Property Forum’s CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Property investor Immofinanz has set the price of shares in the squeeze-out operation of S Immo and has established the adequate cash compensation.

Immofinanz Group, majority owned by CPI Property Group, recorded a rental income growth of 13% during H1 2024 to €292.5 million compared to the same period of last year and recorded a strong profit, according to a financial report.

GTC Group has announced a consolidated net profit of €21.2 million for the second quarter of 2024, marking a significant turnaround from the €23.2 million loss reported during the same period last year. The company’s net profit from operations reached €33.5 million -  a also a significant improvement compared to the €20.9 million loss recorded y-to-y.

Bucharest’s hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.

NEPI Rockcastle has recorded a 13.5% gain in net operating income to €274 million during H1 2024 versus the same period of last year, while on a like-for-like basis it saw a 10% gain.

Mitiska REIM has rolled out a joint venture (JV) with Park Lane Developments for the development of retail parks in Bulgaria.