ARTICLES LABELLED WITH TAG rene-benko
09
Jan
2024
Jan
2024
Germany’s biggest department store chain files for third insolvency
Galeria Karstadt Kaufhof, Germany’s largest department store chain owned by Austrian Sign Group, has initiated its third insolvency procedure in less than four years over financial issues.
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30
Nov
2023
Nov
2023
Austrian property giant Signa files for insolvency over financial issues
Signa, one of the largest real estate holdings in Austria, said it would file for insolvency on Thursday in Vienna, after one of its subsidiaries took a similar step earlier in Germany.
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Latest news
- Logicor acquires logistics project near Budapest
- Joint ventures to reshape Poland’s investment landscape
- Nepi Rockcastle completes expansion at Pogoria Shopping Centre
- Kraków office market hits record demand in 2025
- Warsaw office market faces supply shortage
- Surge in pre-leases to signal recovery of Bucharest office market
- How is EU real estate navigating the CSRD changes? Take our survey
- Makita doubles space at MLP Pruszków II logistics park
- Demand for industrial spaces in Romania soars 51% in 2025
- Romania's retail market hits 5 million sqm milestone
New leases
- Pasaż Grunwaldzki signed 43 lease agreements in 2025 covering approximately 6,400 sqm, representing 13% of the property's total area. The shopping centre, owned by EPP, extended partnerships with 31 tenants, including MediaMarkt (operating in its new Xpress format), Deichmann, Medicine, home&you, and DOUGLAS. Twelve additional agreements were signed with brands making their debut in the project.
- ConvergenCE has secured new lease agreements totaling 800 sqm at Budapest-based Kálvin Square. California Coffee Company extended its ground-floor lease, while a major Asian airline established a new office on the first floor. Hypo-Bank Burgenland is set to move into the eighth floor in April 2026. Additionally, Dutch media and rights management firm CAM Magyar will occupy the ninth floor starting February 2026.
- GTC has finalised a lease agreement for more than 6,000 sqm of office space with Uniqa at the Centerpoint 3 building in Budapest’s business district. GTC was advised by Eston International in the lease deal.
New appointments
- CTP Romania has appointed Diane-Monique Forrest as Business Developer. She will focus on leasing activities in Transylvania, covering key cities such as Timișoara, Arad, Sibiu, and Deva.
- iO Partners has announced the appointment of Róbert Cesnek as Head of Capital Markets in Slovakia, effective from January 2026. In his new role, he will focus on further strengthening market presence, advising clients on complex investment decisions and delivering high-impact transactions across asset classes.
- Mateusz Sobczak has joined Scallier’s operations in Poland as Project Manager within the Development Department. Sobczak is an experienced engineer with 15 years of professional practice in project management within the commercial real estate sector. Throughout his career to date, he has collaborated with leading logistics developers, including the MLP Group and 7R.
