ARTICLES LABELLED WITH TAG CEE

News Currency depreciation could hit occupiers hard in CEE
24
Mar
2020

Currency depreciation could hit occupiers hard in CEE

by Property Forum
The COVID-19 pandemic continues to cause multiple disruptions to the world’s industries and economies and this is also true for many CEE currencies. Those countries that have not adopted the Euro, or are not pegged to it, have each seen a ca. 10% depreciation in currency value during the period February to March 2020. The Romanian Leu is the exception which has depreciated just 1%, largely due to central bank intervention, Colliers reports in its CEE Special Insights Series.
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News Economic stimulus and rate cuts in CEE
24
Mar
2020

Economic stimulus and rate cuts in CEE

by Property Forum
Governments in the region keep introducing economic aid packages. Property Forum’s daily summary looks at the measures taken to ease the impact of the COVID-19 crisis on households and businesses.
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News Erste: a recession in CEE is possible
23
Mar
2020

Erste: a recession in CEE is possible

by Property Forum
Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.
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News UniCredit expects V-shaped recession in Austria
23
Mar
2020

UniCredit expects V-shaped recession in Austria

by Property Forum
Austria’s economic growth curve is set to follow a V-shaped course in the wake of the coronavirus and the containment measures implemented, according to Bank Austria, a member of UniCredit Group.
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News Immofinanz reacts to COVID-19’s influence on retail activities
20
Mar
2020

Immofinanz reacts to COVID-19’s influence on retail activities

by Property Forum
The government authorities in all countries where Immofinanz owns and operates retail properties have recently imposed restrictions and implemented various measures to contain Covid-19. These measures affect various aspects of everyday life, among others through the temporary shutdown of retail facilities. Exceptions have generally been made for stores, which sell basic supplies like supermarkets and pharmacies, drugstores, post offices, banks, pet food shops etc. Moreover, access to public areas has been limited or similar recommendations have been issued. Immofinanz supports these measures in the interest of public health and safety.
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News CEE economies slow down further due to coronavirus
20
Mar
2020

CEE economies slow down further due to coronavirus

by Property Forum
Property Forum collected the latest measures taken in CEE countries to mitigate the negative effects of the coronavirus outbreak.
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News A list of all COVID-19 measures in CEE - Countries close themselves off and plan economic stimulation
19
Mar
2020

A list of all COVID-19 measures in CEE - Countries close themselves off and plan economic stimulation

by Property Forum
Property Forum provides a comprehensive summary of the most important coronavirus-related measures that have been introduced in CEE countries. All of them have implemented a number of restrictive measures to slow down the spread of the virus and several governments have announced plans to help companies hit hardest by the coronavirus crisis and to stimulate the economy.
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News Colliers: Regional countries depend heavily on cross-border capital
19
Mar
2020

Colliers: Regional countries depend heavily on cross-border capital

by Property Forum
According to Colliers International’ COVID-19 Insights, it will take until at least Q2 2020 for the investment market to come to terms with what is a very sharp economic global shock and a potentially deeper economic shock for Europe.
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News Immofinanz CEO leaves the company
18
Mar
2020

Immofinanz CEO leaves the company

by Property Forum
Oliver Schumy, the CEO of Immofinanz AG, is leaving the Company as member of the Executive Board on 18 March 2020. The premature termination is based on mutual agreement due to personal reasons. As of 19 March 2020, the Executive Board of the Company is thus composed of the members Dietmar Reindl and Stefan Schönauer, who will continue all agendas.
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News Globalworth announces Board changes and issues COVID-19 statement
16
Mar
2020

Globalworth announces Board changes and issues COVID-19 statement

by Property Forum
Globalworth announced changes to the Company's Board of Directors and an update regarding the COVID-19 outbreak. Ioannis Papalekas, the Founder, is stepping down from the Board of Directors of Globalworth but will remain as CEO. Dimitris Raptis, the current Chief Investment Officer and Deputy CEO, has been appointed co-CEO.
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Latest news


New leases

  • Revetas Capital announced that Bonarka for Business “B4B” has secured a lease extension contract with a company of Hitachi Group - GlobalLogic. The company, a leader in digital product engineering, has been a tenant in B4B since 2016 and leases in total of 6,500 sqm of office space in Building F.
  • GTC has extended its lease for 1,700 square meters of office space with pharmaceutical company Egis Polska. The company will continue its operations in the Corius building at the Aeropark Business Centre in Warsaw.
  • IMSAT, a company that offers integrated engineering, electrical, automation, and industrial technology solutions, has expanded its office space, within Bucharest-based The Bridge office building, to 3,800 sqm. The deal was brokered by Cushman & Wakefield Echinox.

New appointments

  • GTC has announced the appointment of Sebastian Junghänel to the Management Board as Chief Operating Officer, effective 2 September 2025. With more than 18 years of experience in the real estate sector across Germany and CEE, Sebastian brings strong expertise in asset management, project development, ESG and innovation. His career includes co-founding ZEITGEIST Asset Management, where he built a €1 billion portfolio, and senior management roles at HOCHTIEF Group. At GTC, Sebastian will focus especially on the oversight of our portfolio in Germany, which includes, includes 5,200 residential units in Kaiserslautern, Helmstedt, Heidenheim, and surrounding areas. His know-how will also support our development projects in Central and Southeastern Europe.
  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.

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