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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

  • 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.

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