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News - Skanska buys Prague office project
06
Sep
2017

Skanska buys Prague office project

by Ákos Budai
Skanska has acquired the Key office project in Prague’s Pankrác district from ČSAD Praha Holding for an undisclosed sum. The developer plans to start construction works before year-end.
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News - Delta Real Estate develops Varna shopping mall
05
Sep
2017

Delta Real Estate develops Varna shopping mall

by Ákos Budai
Delta Holding subsidiary Delta Real Estate, in cooperation with AP investments, has finalised the acquisition of a shopping mall in Varna, Bulgaria. The project is worth €120 million and it will be completed in May 2018.
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News - Atenor acquires new development site in Budapest
04
Sep
2017

Atenor acquires new development site in Budapest

by Ákos Budai
Atenor has acquired 19,000 sqm of land on Hungária körút, one of the main road corridors in Budapest. The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in different phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.
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News - CTP acquires two logistics parks in Romania for €18 million
04
Sep
2017

CTP acquires two logistics parks in Romania for €18 million

by Ákos Budai
CTP has acquired two logistics parks located in Western Romania from Slovak group IPEC for €18 million. The two assets are located in Ineu, Arad County and Salonta, Bihor County and have a total leasable area of 37,000 sqm.
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News - Unprecedented optimism on CEE investment markets
04
Sep
2017

Unprecedented optimism on CEE investment markets

by Ákos Budai
Occupier and investment sentiment remains positive across all Central and Eastern European countries tracked by the RICS Commercial Property Monitor. Results for Q2 2017 show that Hungary and the Czech Republic continue to post the strongest overall results. The vast majority of respondents expect new investors to enter the market with the presence of local and CEE investors predicted to increase across the region in the year ahead.
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News - GTC acquires Belgrade Business Center
31
Aug
2017

GTC acquires Belgrade Business Center

by Ákos Budai
The GTC Group has acquired a modern A-class office building in Belgrade, Serbia for an undisclosed sum. Belgrade Business Center offers 17,900 sqm of GLA and 307 parking places. The acquisition will increase GTC’s Serbian portfolio to 98,400 sqm GLA.
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News - Wing buys Budapest logistics park
31
Aug
2017

Wing buys Budapest logistics park

by Ákos Budai
Hungarian developer and investor Wing has purchased the Európa Center Business and Logistic Park, located in the northernmost part of Budapest, next to the M0 ring road. Wing plans to further develop the park which has been renamed Login Business Park.
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News - CEE investment volume to exceed €17 billion in 2017
31
Aug
2017

CEE investment volume to exceed €17 billion in 2017

by Ákos Budai
Investment volumes in Central and Eastern Europe (Poland, Slovakia, Hungary, Czech Republic, Russia and Turkey) reached €7 billion in H1 2017. This is 6% less than in the same period of the previous year.
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News - CTP sells retail assets to DMO Invest for €40 million
31
Aug
2017

CTP sells retail assets to DMO Invest for €40 million

by Ákos Budai
CTP has agreed to sell its non-core assets to DMO Invest for approximately €40 million. The sale involved CTP’s subsidiary CT Retail—a holding company for a portfolio of supermarkets and other retail properties.
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News - Tesco sells Brno store to Crestyl
31
Aug
2017

Tesco sells Brno store to Crestyl

by Ákos Budai
Tesco’s department store next to Brno’s main railway station has been sold to British developer Crestyl for an undisclosed sum. The supermarket will continue to operate at its current location. 
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Latest news


New leases

  • 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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