ARTICLES LABELLED WITH TAG economic-policy-institute
24
Oct
2026
Oct
2026
Euro adoption reshapes Bulgaria residential construction
On 1 January 2026, Bulgaria became the 21st member of the euro area after almost 30 years of having its currency pegged first to the Deutsche Mark and later to the euro at a fixed exchange rate. The transition heavily affected residential construction, which recorded its highest-ever number of completed buildings and dwellings in 2025. Several factors drove this outcome: widespread concerns about price increases following the currency changeover, existing inflationary pressure, favourable financial conditions, and a considerable volume of cash that needed to be invested quickly.
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Latest news
- Euro adoption reshapes Bulgaria residential construction
- Romania construction pipeline exceeds RON 848 billion in 2026
- BIG Poland opens retail park in Olkusz
- Healthy buildings, healthy business: Why lighting matters more than ever in modern offices
- EPP raises stake in M1 shopping centre joint venture in Poland
- Czech industrial stock tops 14 million sqm in Q3 2026
- CA Immo exits Czech market with Prague campus sale
- INVESTIKA real estate fund surpasses CZK 30 billion in assets
- CEE Property Forum Awards 2026: Nominations now open
- Harden Construction marks six years with 1.2 million sqm delivered
New leases
- Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
