Hungarian investment fund Adventum Group has achieved the Excellent rating in accordance with the BREEAM In-Use standard for green buildings certification for its Hermes Business Campus (HBC) office project based in Bucharest.
Industrial developer WDP saw a 15.2% growth of its rental income to €80.9 million in the first quarter of 2023 compared to the same period of last year, while its EPRA earnings rose 18% to €62.7 million in the same period, according to a company report.
Commercial property investments in Romania could hover between €700 and €900 million in 2023, slightly below the average of recent years, with new deals set to be driven by industrial and office projects, according to JLL.
P3 Logistic Parks has announced the contract renewals and extensions for Logistic E Van Wijk and HOPI Logistics, which are some of the longest-standing tenants in the company’s portfolio. The two companies will occupy around 20,538 sqm of logistics spaces and offices within the park.
Romanian real estate holding Meta Estate Trust has launched its own sales division under the Meta Homes brand in a bid to boost the promotion of its portfolio. The new division will also also handle the sale of residential units bought by the holding in the early phase projects.
Vlad Stanislav has been named Managing Director of JLL in Romania, replacing Silviana Petre-Badea who held the position for the past seven years. He has over 22 years’ of experience in management and had previously held the role of Managing Director of Tetris Design & Build.
Property developer Speedwell has purchased a new land plot of 15,000 sqm in Popești-Leordeni, near Bucharest, for its second light industrial project under the SpacePlus brand.
The developers of Belvedere Residence in northern Bucharest sold the commercial gallery on the ground floor of the residential buildings within the complex to a private investor for an undisclosed sum.
Investors and tenants in Romania appear to have higher expectations regarding the environmental characteristics of the building than their counterparts in other countries, according to a survey by CBRE of 20 building owners in Romania.
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.
Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
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.
ABOUT US
Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.