International developer UDI Group is developing the Parkside project in Budapest. Baltic hotel group Mogotel is confirmed to operate it under the Staybridge Suites brand name of the global hotel chain IHG.
Hospitality group Mogotel has signed a partnership with Romanian developer Monarc Properties for the opening of the first Radisson Blu hotel in the seaside resort Mamaia.
The general assembly of Tatry Mountain Resorts has agreed to issue approximately 6.3 million of new actions. The tourist operator is hoping to get up to €120 million of new capital.
TMS Inwestycje, a company controlled by Tobias Solorz, has acquired the 148-room Holiday Inn Resort Warszawa Józefów hotel from the Aquila Group. The transaction included both the property and the shares in Aquila Hotels, the company operating the hotel in Józefów.
The new Swissôtel Lagoon Budapest hotel will offer 200 rooms and apartments overlooking a man-made lagoon by the Danube River. Romanian property developer Forty Management will oversee the project. The handover is scheduled for 2028.
Lifestyle and leisure hospitality company Ennismore announced the signing of SO/ Budapest, the brand’s first destination in Hungary. SO/ Budapest will open in 2026, following extensive refurbishment of both the exterior and interior of the building.
The Prague Hilton, the largest hotel in the Czech Republic, offering almost eight hundred rooms and more than 7.000 sqm of space for holding conferences, may be changing owners soon, informs e15.cz.
On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the Austria Trend hotel located in the capital of Slovenia. The buyer is Serbian company Agromarket d.o.o., Kragujevac.
Real estate investments in Romania reached €205.75 million during Q1 2024, up 33% year-on-year, driven by the retail sector, shows a Fortim Trusted Advisors report.
Julius Meinl Living has completed the purchase of Ambasador Hotel in Bucharest, with the project set to undergo a major revamp and reopen as The Julius Bucharest in 2027.
The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.
New appointments
Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
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