News Q4 2022 sees low value of construction starts in Hungary

Q4 2022 sees low value of construction starts in Hungary

by Property Forum
The latest EBI Construction Activity Report, prepared by Eltinga, Buildecon, and iBuild, has found that after the weak Q3 2022, Q4 2022 saw a slight nominal expansion in activity-start in Hungarian construction. The value of started construction works was still very low; between October and December 2022 they totalled roughly HUF 650 billion.
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News Winds are changing on Croatia’s logistics market

Winds are changing on Croatia’s logistics market

by Property Forum
For a long time, the logistics and industrial market in Croatia has been overlooked by real estate developers, despite the country’s strategic geographical position, proximity to major European markets and developed, high-quality road network, as well as direct access to sea routes. Recent project completions and commencements, with a strong pipeline and the arrival of international developers, suggest that winds are changing, and Croatia could become a very attractive logistics market.
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News Value of construction works expands in Hungary

Value of construction works expands in Hungary

by Property Forum
Last year, the Activity Start indicator of EBI Construction Activity Report reached a total of more than €7 billion (HUF 2,500 billion), an increase of almost 18% against 2020 and of more than 6% against 2019.
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News Iulius puts €35 million in Palas Campus Iași infrastructure

Iulius puts €35 million in Palas Campus Iași infrastructure

by Property Forum
Romanian real estate developer Iulius says it will invest around €35 million in the infrastructure and urban mobility features for its Palas Campus project in Iași. The mixed-use project will feature 54,000 sqm of office spaces targeting tech companies and 6,000 sqm of retail spaces.
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News Bucharest opens airport railway link

Bucharest opens airport railway link

by Property Forum
A new railway line connecting Bucharest’s main railway station Gara de Nord to the Henri Coanda International Airport has been inaugurated over the weekend. Trains depart every 40 minutes with a one-way trip taking about 20 minutes. The price of a one-way ticket is RON 4 (around €0.82).
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News The Olympics are turning Budapest upside down

The Olympics are turning Budapest upside down

by Ákos Budai
The fact that Budapest is competing for the right to host the 2024 Summer Olympics and Paralympics has now Been decided, as the capital submitted the initial application materials in the middle of February. The next big question is, will the choice of the International Olympic Committee (IOC) really fall on Budapest, and if so, will the city manage to prepare for the games in time and in a sustainable manner.
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Latest news

New leases

  • Intersport will open a new large outlet in the recently refurbished GOBUDA Mall in Budapest in Q3 2023. The firm joins German retailer Wellensteyn and Hungarian retailer Budmil, both started to trade there in March. A new Wok'n Go restaurant will be available in the mall in the Summer.
  • Wolt has leased office space in Warsaw's Lumen building. As a result of the transaction, the new tenant has taken nearly 900 sqm. The office building in the centre of Warsaw is owned and managed by Globalworth Poland.
  • Lighting company Wojnarowscy has agreed a lease renewal for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II. The tenant was advised on the lease renegotiation by experts of real estate advisory firm Newmark Polska.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.


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