ARTICLES LABELLED WITH TAG SEE

News Bulgaria's retail sector expands aggressively  in Q2 2023
05
Aug
2023

Bulgaria's retail sector expands aggressively in Q2 2023

by Property Forum
Bulgaria's retail sector has displayed resilience and growth in Q2 2023, with positive economic indicators, aggressive retail park expansion, and stable pricing trends. Despite challenges faced by CEE countries, Bulgaria's economy is on a positive trajectory, setting the stage for a promising retail landscape. These are the highlights of Cushman & Wakefield/Forton's latest retail market report.
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News Bulgaria’s residential market dives into recession
01
Aug
2023

Bulgaria’s residential market dives into recession

by Property Forum
Bulgaria is witnessing a continuous decline in residential real estate transactions for the fourth consecutive quarter. According to data from the Registry Agency, property purchases across the country have decreased by 15% during Q2 2023, reaching  54,371 transactions in total.
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News Marriott International signs new hotel in Vlorë, Albania
28
Jul
2023

Marriott International signs new hotel in Vlorë, Albania

by Property Forum
Marriott International has signed an agreement with Vlora Marina to open a new dual-branded property comprising a new hotel under the Marriott Hotels brand and Marriott Residences available for private ownership. Situated in the coastal city of Vlorë, the new build property will benefit from a prime waterfront location in the heart of the city as well as being a part of Vlora Marina investment. The new build complex is expected to debut in 2028 
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News Black Sea Property to take over Grand Hotel Varna
27
Jul
2023

Black Sea Property to take over Grand Hotel Varna

by Property Forum
Isle of Man-registered Black Sea Property, a company involved in property development, financing, and sales in Bulgaria, has recently announced a significant acquisition. They have signed an agreement to acquire 98.27% ownership of the Bulgarian hotel operator, Grand Hotel Varna, for approximately €28 million. The deal is to be finalized by October 30th. It aims to bolster Black Sea Property's investments in the hospitality sector.
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News Marriott International signs new hotel in Croatia
27
Jul
2023

Marriott International signs new hotel in Croatia

by Property Forum
Marriott International has signed an agreement with Valdarke d.o.o. to bring an Autograph Collection resort to the island of Cres in Croatia.
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News Hyatt opens resort hotel in Pravets, Bulgaria
20
Jul
2023

Hyatt opens resort hotel in Pravets, Bulgaria

by Property Forum
Hotel chain Hyatt has expanded its presence in Bulgaria with the recent opening of its second Hyatt Regency hotel. The Hyatt Regency Pravets Resort, previously part of the Spanish chain RIU Hotels, is now under the umbrella of Hyatt Hotels Corporation. This expansion follows the opening of Hyatt Regency Sofia in 2020.
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News Sofia’s industrial market thrives in H1 2023
20
Jul
2023

Sofia’s industrial market thrives in H1 2023

by Property Forum
Sofia has experienced steady growth in its industrial space market during the first half of 2023. With a total stock of over 4.0 million sqm of ready-to-use space and an additional 252,000 sqm under construction, the city is witnessing an upward trend. These findings are part of the latest industrial report, issued by the real estate company MBL. 
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News CBRE brokers sale of Ljubljana office building
19
Jul
2023

CBRE brokers sale of Ljubljana office building

by Property Forum
CBRE SEE’s Capital Markets team has acted as a sell-side advisor to Zetland Capital in the disposal of the 11,800 sqm Situla Business Center office complex in Ljubljana, the advisory firm announced on LinkedIn. The buyer’s name and the purchase price have not been disclosed.
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News Sofia's office market shows steady growth in Q2 2023
13
Jul
2023

Sofia's office market shows steady growth in Q2 2023

by Property Forum
Sofia's office market faces shifting demand and moderating construction, according to a report by the real estate company MBL for the second quarter of 2023. Changing work patterns and preferences for hybrid models have raised concerns about the future demand for office space. The capital's vacancy rates decreased slightly, while rental rates remained stable. Investors are approaching the market with caution due to inflation and remote work practices. Despite the moderate activity, there is a potential for modern, well-located office spaces to attract higher occupancy and investment interest.
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News Eurostat reports slowdown in Bulgaria’s residential market
11
Jul
2023

Eurostat reports slowdown in Bulgaria’s residential market

by Property Forum
The Bulgarian residential market was growing at a slower pace in the first quarter of 2023, compared to the same period last year. On an annual basis, the increase was 9.5%, and 1.6% on a monthly basis. The data is part of the annual House Market Index by Eurostat on residential property prices and rents in the European Union.
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Latest news


New leases

  • A Bricomarché shop has opened in the Karuzela shopping complex in Biała Podlaska (Poland). This is the chain's first outlet in the city. The store occupies an area of over 3,000 sqm, the outdoor garden a total of 1,500 sqm, and a special building shed another 600 sqm.
  • A shop of the international brand Jysk has opened in Galeria Północna in Warsaw. The store will occupy an area of 1,500 sqm. This is the chain's three hundredth outlet in Poland.
  • A Change Lingerie women's lingerie store has opened in Gemini Park Tarnów (Poland). The premises occupied by the brand is 100 sqm in size.

New appointments

  • At the beginning of April 2024, Barbara Tomaszewska took over as Director of the first Aiden by Best Western in Łódź, Poland. She was previously Deputy Director at Golden Tulip Gdańsk Residence.
  • Oriol Casellas Deig has been appointed CFO of Redport Capital. He also joined the Board of Directors of the Romanian development company. Deig has over 20 years’ worth of experience in real estate.
  • InPost has appointed Javier van Engelen as Group CFO. He is an experienced manager, an expert in finance, who has held CFO positions in a number of international companies.

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