New Europe Property Investments (NEPI) has closed several transactions in Southeastern Europe. The Group has concluded an agreement to acquire a shopping centre in Sibiu, Romania, a minority interest in Mega Mall Bucharest, Romania and a land plot in Novi Sad, Serbia.

In 2016 commercial real estate investment activity seems to be picking up again in Southeastern Europe after a slightly weaker 2015. Although financing conditions are continuing to improve a lack of high quality product and liquidity still presents a big challenge for all countries of the region. We report from Bucharest where Portfolio Conferences and RICS have organised SEE Property Forum for the second time.

Major cities of Southeastern Europe have had to face many challenges: wars, earthquakes and the drastic redevelopments of the socialist era. Today, they are trying to rebuild themselves and become modern, European capitals. We look at three countries, three capitals – and three very different plans for city developments. 

According to Colliers International's latest market research the Croatian real estate market experienced several significant investments in the retail, office and hotel and hospitality sectors in 2015. While the retail and office segments are experiencing upward pressure on rental prices, the industrial market, despite being the least developed sector, saw increased activity.

More and more cities around the world are rediscovering the potential that lies in their waterfronts. Transforming old and dysfunctional industrial zones into lively areas with mixed uses has been trending for many years now and the Serbian capital has one of the most ambitious waterfront plans in the world. When new first broke about Belgrade Waterfront in the middle of the financial crisis few believed that the ambitious plans of Abu Dhabi-based developer, Eagle Hills would ever materialise. In 2016 however the wheels of the 1.8-million-square-metre megaproject are already set in motion, completely transforming the Serbian capital. Nikola Nedeljkovic, General Manager of Belgrade Waterfront talked to us about the 3-billion-euro development.

Would you have thought that many well know luxury brands have opened stores in Tirana before entering Budapest? This is especially interesting considering the fact that Hungary has a retail stock of 1.3 million square metres compared to 205 thousand square metres in Albania. Through our questions, Stela Dhami, Managing Partner at Colliers International Albania is introducing the property market of a country that is usually off the radar.