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News - One United starts new resi scheme in Bucharest
24
Mar
2021

One United starts new resi scheme in Bucharest

by Property Forum
Romanian developer One United Properties announced it received the construction permit for One Verdi Park, a new residential project in Bucharest.
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News - B&B Hotels sells Budapest and Prague hotels to French investor
24
Mar
2021

B&B Hotels sells Budapest and Prague hotels to French investor

by Property Forum
Cushman & Wakefield Hospitality supported B&B Hotels in disposing of a portfolio of two hotels to Primonial REIM, a leading independent real estate asset management group based out of Paris, France.
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News - Former CNB governor and Realism launch Czech real estate fund
24
Mar
2021

Former CNB governor and Realism launch Czech real estate fund

by Property Forum
Zdeněk Tůma the former governor of the Czech National Bank (2000-2010), portfolio manager Martin Pětivoký and Martin Hubinger , the owner of residential developer Realism, have founded IRQ Funds and are launching a new fund named IRQ Residential Rental for qualified investors focused on rental housing.
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News - Investors’ faith in CEE remains unbroken despite pandemic
24
Mar
2021

Investors’ faith in CEE remains unbroken despite pandemic

by Property Forum
Speakers at 2021 Property Investment Outlook 2021, an online event organised by Property Forum, have indicated unbroken market optimism. From living investments through the retail market to the office segment, participants in panel discussions expected positive changes and further growth in the CEE property market.
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News - Futureal raises €150 million in green bonds
23
Mar
2021

Futureal raises €150 million in green bonds

by Property Forum
Hungarian developer Futureal has completed its first-ever green bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme (BGS). The company received bids worth HUF 59.92 billion for the bonds, which have a nominal value of HUF 50 billion. Futureal subsequently sold HUF 55 billion (approximately €150 million) of the bonds, for one of the largest issues under the BGS scheme. Futureal Group is currently developing projects with a gross space of more than 1 million sqm in Hungary. 
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News - Multifamily now considered a core asset class in Europe
22
Mar
2021

Multifamily now considered a core asset class in Europe

by Property Forum
Multifamily investment has proven to be the most resilient real estate sector in Europe during 2020 and the new core, with a 6% increase year on year and a 17% increase on the past 5-year average, according to Savills.
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News - Fidurock expands residential portfolio in Prague
22
Mar
2021

Fidurock expands residential portfolio in Prague

by Property Forum
In March 2021, Czech-Dutch investment company Fidurock has added a new asset to its residential portfolio in Prague.
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News - Yareal sells Warsaw office complex to Amundi Real Estate
22
Mar
2021

Yareal sells Warsaw office complex to Amundi Real Estate

by Property Forum
Yareal has sold two office buildings forming the Neopark campus complex in Warsaw's Mokotów district to a French fund managed by Amundi Real Estate.
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News - Dagesh Group invests €6.5 million in Bucharest resi project
22
Mar
2021

Dagesh Group invests €6.5 million in Bucharest resi project

by Property Forum
Dagesh Group, which owns the Platinum Center office building and developed other boutique residential projects, is investing  €6.5 million in a new residential project in Bucharest.
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News - GTC acquires Budapest office building
22
Mar
2021

GTC acquires Budapest office building

by Property Forum
GTC has decided to extend its Hungarian portfolio with the Váci Greens D office building in Budapest. The transaction is partially financed from the green bonds issued in 2020 and is in line with the Group strategy to invest in a sustainable portfolio of commercial buildings located in the CEE capitals.
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Latest news


New leases

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • 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.

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