News Banks are more careful financing new projects

Banks are more careful financing new projects

by Ákos Budai
During the pandemic, banks continued to finance ongoing commercial real estate projects but they are more careful with financing new ones, looking for higher corporate credentials and imposing more restrictive conditions to fulfil. Monia Dobrescu, Partner at Romanian law firm Mușat & Asociații talked to Property Forum about the pandemic’s effects on client relationships and provided market insight from the legal advisor’s perspective.
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News Kinstellar sees a lot of liquidity on the market, expects new entries in SEE

Kinstellar sees a lot of liquidity on the market, expects new entries in SEE

by Property Forum
Last year, international law firm Kinstellar played a vital part in closing two of the largest transactions on the office market in Romania: Floreasca Park, sold to Resolution Property (member of the Fosun Group) and Zeus Capital for more than €100 million and two Class A office buildings owned by Skanska sold to S Immo for €97 million. This was in addition to a series of deals in logistics and other asset classes. Property Forum talked to Victor Constantinescu, Managing Partner of the Bucharest office and Co-Head of the firm-wide Real Estate Practice, about how the first year of the pandemic was and what’s next.
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News Can the permitting nightmare end for developers in Prague?

Can the permitting nightmare end for developers in Prague?

by Ákos Budai
The Czech Republic has one of the longest and most complicated building procedures in the world and is ranked 156 out of 190 countries observed by The World Bank. Fortunately for real estate developers, the situation is slowly changing. Erwin Hanslik MRICS, Partner and CEE Head of Real Estate at Taylor Wessing talked to us about the legal and regulatory challenges investors and developers need to face in the Czech Republic.
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News Has the Romanian market already cooled down?

Has the Romanian market already cooled down?

by Ákos Budai
2017 was an exceptional year for Romania, but the market looks a bit stagnant right now. Răzvan Gheorghiu-Testa FRICS, Partner and Head of the Real Estate Practice Group at Ţuca Zbârcea & Asociaţii talked to Property Forum about market dynamics, legal challenges and the impacts of technology.
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News Landlords have to raise the bar in Bucharest

Landlords have to raise the bar in Bucharest

by Ákos Budai
Development is booming in almost all segments of the Romanian market, but developers still need to overcome a number of legal and regulatory challenges before they can start building. Then, once construction is complete, they must realise that tenants have become more aware and more “choosey”. Răzvan Gheorghiu-Testa, Partner at Țuca Zbârcea & Asociații and Head of the firm’s Real Estate Practice Group reviewed some of the issues that may arise when developing or leasing a new building in Romania.
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News Attracting innovative companies makes office buildings more attractive

Attracting innovative companies makes office buildings more attractive

by Ákos Budai
Modern technology has revolutionised the way we work and significantly altered the leasing process. Andrej Leontiev LL.M., Partner at Taylor Wessing analysed current trends on Bratislava’s office market from a legal perspective.
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Latest news

New leases

  • DP World has signed a 10-year lease for 700 sqm of office space in One Cotroceni Park, in a deal brokered by CBRE.
  • Xtreme Fitness Gyms joins the group of service sector tenants who have signed a contract at the retail park under development by Redkom Development in Bielsko-Biała. The gym and fitness club will occupy an area of over 800 sqm.
  • In Warsaw's Norblin Factory, the only stationary concept store in Europe started its activity. On the area of 2,000 sqm, the customers will find an offer of premium fashion brands, which so far were available only online.

New appointments

  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.
  • Walter Herz consulting company has announced promotions in the Marketing and Sales team as well as the Tenant Representation team. Karolina Migdał-Koleśnikow has taken on the position of Sales & Marketing Director, and Michał Porzycki has assumed the role of Head of Tenant Representation Warsaw.


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