ARTICLES LABELLED WITH TAG Deloitte

M Core has significantly expanded its retail portfolio with over €150 million in strategic investments over the past six months and has an active pipeline exceeding €200 million in projected developments over the next two years.

Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.   

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

John Palmer, Partner Associate, Real Estate Advisory at Deloitte Poland, talked to Property Forum about the rapidly changing landscape of the land development market in Poland and its current attractiveness to foreign investors.

Cost of financing and capital availability are some of the core challenges this year for real estate companies in Europe, shows a Deloitte survey.

Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.

Romania ranks third in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price of €1,417 per sqm, according to a Deloitte report. Homes prices in Romania rose by 10.6% compared to 2021. 

Českomoravská nemovitostní (ČMN), which is half owner of the Churchill Square office complex in Prague, plans to acquire the rest of the property. It plans to buy the property in two transactions, Seznamzpravy.cz reports.

Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in the Miro office building, developed by Speedwell in northern Bucharest, for an undisclosed sum. The remaining stake in the project will remain in the developer’s ownership for another two years. 

Czech investment and development group Trigema has bought a 51% stake in CenovaMapa.org, the market leader in online real estate valuation. Its founder, Hyposervis, retains 49% of the company. Following the acquisition, the parties did not disclose the amount. The newly created real estate data provider has been renamed Dataligence.