ARTICLES LABELLED WITH TAG SEE

News Vacancy increases in Sofia shopping centres
11
Nov
2016

Vacancy increases in Sofia shopping centres

by Ákos Budai
Large leases and the rebranding of City Center Sofia marked the Bulgarian retail property market in the third quarter. The demand for prime space remained strong fuelled by the increasing consumption in the main cities, while the supply didn’t change. Fashion and shoes, as well as health & beauty were the most rapidly growing categories in terms of new stores. The FMCG sector was driven mainly by the appetite of the fast growing retailers to occupy the niche vacated with the exit of Carrefour and Penny Market, as well as the reorganisation of Piccadilly. Forton has published its Bulgaria retail market snapshot for Q3 2016.
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News NEPI acquires Arena Centar in Zagreb
07
Nov
2016

NEPI acquires Arena Centar in Zagreb

by Ákos Budai
On 4 November 2016, NEPI, through its subsidiary NE Property Cooperatief UA, concluded an agreement to acquire all the issued shares in, and shareholders’ claims against, Granit Polus Laniste d.o.o. from Lobularia Ventures Limited and repay Laniste’s entire outstanding debt. Laniste wholly owns a shopping mall of 62,100 sqm of GLA situated in Zagreb, Croatia, that opened in November 2010, named Arena Centar and adjacent additional land plots of approximately 4.4 ha. The aggregate purchase price for the transaction is €237.5 million and was settled from NEPI’s existing cash resources.
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News The automotive industry seems to favour Bulgaria
03
Nov
2016

The automotive industry seems to favour Bulgaria

by Ákos Budai
Bulgaria heads the list of the top ten countries in terms of attractiveness to the automotive sector in Europe. This was revealed in the latest research by Colliers and Automotive Cluster Bulgaria, which took place during the second half of 2016.
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News House prices grow rapidly in CEE
13
Oct
2016

House prices grow rapidly in CEE

by Ákos Budai
Central and Eastern European housing markets are over the crisis and prices have once again begun to rise. The general upswing, observed on European housing markets, is supported by a number of factors. Following the economic crisis, GDP has begun to grow once again in most countries and the interest environment is also favourable to borrowing. These both contribute to a recovery in housing market demand, which may then materialise in higher prices. In the case of housing markets in the Central and Eastern European region, significant differences in price dynamics may be observed. Hungary stands out from the field, where a highly significant price rise has been observed in the past two years with the prices of second-hand homes having grown by 29 percent. We take a look at Central and Eastern European housing markets.
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News Chinese investor buys Dubrovnik luxury resort
29
Sep
2016

Chinese investor buys Dubrovnik luxury resort

by Ákos Budai
The Real Estate Workout department of Erste Group Bank AG, has concluded the sale of the luxury resort Radisson Blu Resort & Spa Sun Gardens to a Chinese investor under the terms of a share deal. The property – one of the largest hotel complexes in Croatia – enjoys a prime beachside location in Dubrovnik.
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News Saved by South African investors
28
Sep
2016

Saved by South African investors

by Ákos Budai
In the last quarter alone South African investors have spent €1 billion in CEE and it is most likely that they won’t stop chasing higher yields anytime soon. Even though investments in Central and Eastern Europe are generally considered risky by European standards, coming from other parts of the world opportunities in the region may seem rather safe. We report from CEE Property Forum 2016, co-organised by Portfolio Property Forum and RICS, where over 300 visitors and 70 speakers came together to discuss the most pressing issues concerning regional investment markets.
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News What’s ahead for Bulgaria?
01
Sep
2016

What’s ahead for Bulgaria?

by Ákos Budai
International investors seem to have rediscovered one of the biggest and most important markets of Southeastern Europe that have matured a lot over the past few years. Michaela Lashova MRICS, CEO of Forton (an Alliance Partner of Cushman & Wakefield for Bulgaria and FYROM) and RICS SEE Ambassador talked to us about the present and future of the Bulgarian commercial property market. 
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News CEE investment volumes close to 2007 record levels
28
Jul
2016

CEE investment volumes close to 2007 record levels

by Ákos Budai
According to Cushman & Wakefield, robust commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the second quarter of 2016 and reached EUR 2.6 billion, a 56% increase on Q1. This has pushed volumes over the last twelve months to EUR 9.3 billion, close to 2007 record levels.
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News Bulgarian retail market continues to grow
23
Jul
2016

Bulgarian retail market continues to grow

by Ákos Budai
The latest Colliers report reveals a stable retail property market in Bulgaria during the first half of 2016. Modern shopping centers in Sofia retained the absorption levels from the previous period – nearly 15,000 sqm of leasable space, compared to 16,370 sqm in the second half of 2015. In well-established projects enjoying active demand, this equals to an average share of 4% from the GLA. 
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News Delta Holding announces plans to expand in Bosnia-Herzegovina
21
Jul
2016

Delta Holding announces plans to expand in Bosnia-Herzegovina

by Ákos Budai
Delta Holding, a Serbian real estate investor, has announced that next year it will begin building a shopping mall in Banja Luka, the largest investment in the Republic Srpska region of Bosnia-Herzegovina.
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Latest news


New leases

  • The Park Warsaw, managed by White Star Real Estate, gained new tenants during Q3 and Q4 2023. The latest leases saw the start of cooperation with companies such as RedNet Property Group, which leased 523 sqm in building B1, Puratos (430 sqm in building B5) and Yokogawa (563 sqm in building B5).
  • New Post International Poland has selected and leased approximately 5,600 sqm of a warehouse with office space in the Logicor Okęcie logistics park in Warsaw. The company operates in the transport and forwarding industry.
  • Efigence, a technology company specialising in the design and implementation of solutions for the financial and e-commerce sectors, has extended its lease of 1,200 sqm of office space at Platinium Business Park in Warsaw's Mokotów district.

New appointments

  • Szymon Zduńczyk has joined the Management Board of Karimpol Poland as of 1st of March, 2024. The former Executive Director has been promoted to Managing Director and Member of the Management Board of the Group's Polish subsidiary. Mr Zduńczyk is the first Pole in the company's history to sit on its Management Board alongside Andreas Prokes and Harald Jeschek.
  • Building on the successes of last year, GARBE Industrial Real Estate CEE is responding by promoting Martin Stratov to the position of GARBE Director for the Czech Republic and Slovakia, Veronika Zacha will be the new Head of Business Development and Construction in the Czech Republic and Jan Hradecky will move to the position of GARBE Project Management Manager for the Czech Republic.
  • Gellért Berkes has been appointed as Head of Property Management at ConvergenCE. He has been a member of the real estate development team for two and a half years. He has nearly 15 years of professional real estate experience.

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