The construction industry in SEE-based countries is in the recovery phase and could reach a new peak by 2026, while some countries in Eastern Europe have cooling activity in this sector, according to a report by the Eastern European Construction Forecasting Association (EECFA).

Avison Young has announced a strategic affiliation agreement with Athens-based QRA Real Estate Advisors as part of an expansion push in Southeastern Europe (SEE).

Belgradee’s residential market recorded transactions worth €479.6 million during Q1 2024, down by around 11% compared to the same period of 2023, but the overall amount spent is still high, according to a report by real estate agency Cordon.

Croatian investor Pemo Centar has announced the development of a new office building in Zagreb. The Business Centre Arena office building spanning 9,900 sqm will be delivered by Q4 2025 following an investment of around €20 million.

Hospitality group Accor will open this autumn Mercure Sofia, the first hotel under the midscale brand in Bulgaria. The project will be operated under a franchise agreement with Festa Hotels.

The development of a new industrial building with a leasable area of 27,500 sqm has kicked off at BHM Industrial Park Belgrade (IPB), with completion expected by the end of 2024.

The industrial sector in Romania is recording a slowdown in Q1 2024, with the same trend being recorded across Central and Eastern Europe (CEE) markets, according to a iO Partners analysis.

CBRE has appointed Verka Petkova-Shekerova as Country Head for the Bulgarian market within its Southeast Europe (SEE) office. She is replacing Sladjana Popović, who will continue to lead ESG & Sustainability services department for the region.

AG Capital announced the latest members joining its Advisory Board, established earlier in 2023, within its corporate strategy and vision for achieving a growing and successful presence in the countries from the CEE region. Bringing together both external non-executive members, and internal professionals with a wealth of knowledge and entrepreneurial drive, AG Capital’s Advisory Board is aimed at navigating and supporting the strategic business development of our group of companies, as we continue to grow and develop our operations in new countries.

Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed.