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News Properties in Sofia remain among the cheapest in Europe
05
Apr
2023

Properties in Sofia remain among the cheapest in Europe

by Property Forum
Properties in Sofia rank relatively cheap compared to other major cities in Europe. The Bulgarian capital is taking the last place in rankings by average price and the market has opportunities to grow. The opinion was expressed by Thomas Stanishev, Director of Galardo Real Estate, in an interview for the show "Club Investor'' of Bloomberg TV Bulgaria  
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News Belgrade residential investment volume grows by 28% in 2022
04
Apr
2023

Belgrade residential investment volume grows by 28% in 2022

by Property Forum
The total transaction volume for last year in Belgrade's residential market was €2.67 billion, which represents an increase of around 28% compared to the overall amount of €2.06 billion which was registered in the year 2021. This also represents the largest year-on-year increase in recent years, which was caused by the rise in transactions in Q2 when the Ukrainian war broke out, and the rise in transactions in Q4 when it became evident that rents in Belgrade doubled in certain parts of the city as a result of the influx of population from Ukraine and Russia, real estate agency Cordon reports.
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News Delta Planet Mall in Varna invests in rooftop solar installation
03
Apr
2023

Delta Planet Mall in Varna invests in rooftop solar installation

by Property Forum
In March 2023, the Delta Planet Mall retail centre, located in Varna, Bulgaria, inaugurated an innovative photovoltaic solar installation. The investment of nearly €500,000 (BGN 1 million) covers the construction of 1,029 solar panels with a total capacity of 556 kW.
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News Bulgaria’s investment market is reaching its pre-pandemic levels
31
Mar
2023

Bulgaria’s investment market is reaching its pre-pandemic levels

by Property Forum
After the start of the pandemic in 2020, and its surge in 2021, the past 12 months have brought renewed market activity in an attempt to offset the previous slowdown. The retail sector, construction, and the IT sector managed to avoid the recession and maintain their position as the least affected industries by the pandemic. The investment market in Bulgaria for the second half of 2022 recorded twice as high activity in terms of volume as in H1 2022, according to the Sofia City Report by JLL with the support of IPC Partners Bulgaria and Avalant. Foreign investors are less cautious to expand to unload their cash given the limited amount of opportunities.
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News Residential construction in Croatia set to slow down
30
Mar
2023

Residential construction in Croatia set to slow down

by Property Forum
The composition of Croatia’s construction output is changing. While the residential segment may soon experience a slowdown, health-related construction - public and private renovations and new builds alike - is seeing a considerable boom, write Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), Croatian members of the EECFA (Eastern European Construction Forecasting Association).
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News Bulgaria ranks sixth in Europe in proptech solutions
22
Mar
2023

Bulgaria ranks sixth in Europe in proptech solutions

by Property Forum
With 240 PropTech solutions at the beginning of 2023, the country is among the leaders in Europe in the field of smart cities, smart buildings, smart homes and water management.
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News Office building in Plovdiv secures LEED certificate
20
Mar
2023

Office building in Plovdiv secures LEED certificate

by Property Forum
Office Park Plovdiv has become the first office building with a Gold LEED Certificate for sustainable construction in the city.
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News Kaufland adds new PV panels on top of stores in Bulgaria
17
Mar
2023

Kaufland adds new PV panels on top of stores in Bulgaria

by Property Forum
The hypermarket chain has switched on 420 kWp of rooftop solar panels, bringing the total number of facilities to six. The two new sites are located in the southern city of Petrich and in the capital's Mladost 4 district. By the end of the ear, the retail leader plans to put into operation three more photovoltaic installations.
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News Glavbolgarstroy invests €6 mіllіоn in new concrete factory near Pazardjik
14
Mar
2023

Glavbolgarstroy invests €6 mіllіоn in new concrete factory near Pazardjik

by Property Forum
Glavbolgarstroy has inaugurated a fасtоrу for  pre-stressed reinforced concrete structures near Раzаrdzhіk, Bulgaria. The newly–opened plant provides 63 jobs, with a capacity of 80,000–140,000 square metres of built–up area per year, and a wide selection of frame construction schemes. The іnvеѕtmеnt amounts €6 mіllіоn (ВGN 10 mіllіоn).
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News Sutherland Bulgaria moves to new office in Sofia
13
Mar
2023

Sutherland Bulgaria moves to new office in Sofia

by Property Forum
The new office is located in the Balkan Business Center, near Tsarigradsko Shose Boulevard. The building is powered by 100% renewable energy sources and holds certificates of excellence in sustainable and green construction and energy efficiency.
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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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