Macedonia

Tomislav Čeh, Head of Adriatic Sea, and Stefan Catic, Head of Operator Search, are new partners of PKF hospitality group as of January 1. The two team members took over shares in PKF hospitality holding GmbH, Vienna, from Michael Widmann, Global CEO.

DM Hall has secured the sale above the asking price of a unique investment opportunity in the heritable interest of 65 Bruntsfield Place, EH10 4HQ, a 10,028 sq. ft. property located in the highly sought-after and affluent Bruntsfield-Morningside district of Edinburgh, just 1.5 miles south of the city centre.

Cushman & Wakefield has renewed and rebranded its exclusive arrangement with Forton as its affiliate in Bulgaria and Macedonia. The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. Forton has been Cushman & Wakefield’s partner since 2006. From today, Forton will rebrand as Cushman & ...

JLL has advised the South African JV Hystead Limited on the purchase of Skopje City Mall, the largest shopping centre in Skopje for €92 million. Skopje City Mall extends to 36,500 sq m and is situated on the periphery of Skopje, the capital city of Macedonia, originally developed as a JV between Balfin Group and Fashion Group...

After a long selling process Hypo Bad Bank Heta finally has sold its Balkan subsidiary, Centrice Real Estate GmbH. Financial investor Lone Star now signed the purchase agreement. The take-over ist estimated to take place by end June.

TriGranit Group concluded an agreement with their Slovenian partner, ERA Holding, with regard to a large-scale co-operation in Skopje. By entering the Republic of Macedonia market, TriGranit Group is now present in 10 countries. The agreement covers the provision of real estate development, property management and leasing ser...

Direct commercial real estate investment volumes in Europe in the first quarter 2011 (Q1 2011) totalled €26 billion, a 32 percent increase on figures for Q1 2010, according to new research from Jones Lang LaSalle. Successful debt and equity issuance has provided liquidity to the market, which in turn drove cross-border inves...

The first quarter (Q1) of 2011 saw European commercial real estate transactions hit €26.7 billion as the investment market builds further momentum, according to the latest data by CB Richard Ellis (CBRE).

The Dublin office of CB Richard Ellis Group has announced the winner of its annual Urban Photographer of the Year competition. CBRE also announces the Ireland country winner for the entry ‘Waiting at the Stop’.

European GDP growth coupled with consumer and industrial production has created a platform for a steady but sustainable recovery in the European logistics market according to a new report ‘Property Times - European Logistics’ released today by DTZ. An uplift in consumer spending particularly in less indebted countries is boo...

The Board of Directors of The Rezidor Hotel Group has decided to extend Kurt Ritter’s employment agreement past its current expiration date of February 2012 for a period of three years. The terms of his employment agreement remain otherwise materially unchanged.

Central and Eastern European commercial property market performance returned to positive territory in 2010, delivering a 3.1% euro-denominated total return, according to the IPD CEE Annual Property Index. This was a strong improvement on 2009’s -6.5% return.

The United Kingdom (UK) is the world’s most international retail market for the fourth year running, while London holds onto its position as the most popular retail city in the world, according to the 2011 edition of How Global is the Business of Retail? by CB Richard Ellis.

The real estate investment market is on the rise in the CEE region. Hungary follows the positive regional trend with a small lag. In Budapest new office developments remain at a low level for the time being, however, tenant demand is on the rise and new companies have appeared on the market that are actively seeking new offic...

Preliminary figures released today by Jones Lang LaSalle’s Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under US$90 billion in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating the continued app...

The 2011 International Council of Shopping Centers (ICSC) European Solal Marketing Awards winners have been announced. The awards celebrate the best of retail marketing, rewarding the most effective campaigns. An incredible 177 entries were received from shopping centres in 22 countries. Six Gold Awards and 21 Silver Awards w...

Wolfgang M. Neumann (49) is Rezidor’s new Executive Vice President & Chief Operating Officer, effective May 9, 2011. He succeeds Jacques Dubois who leaves the company for personal reasons.

As widely expected, the European Central Bank (ECB) raised the main refinancing (refi) rate by 25 bps to 1.25 percent. They also lifted other key rates by 25 bps, leaving the interest rate "corridor" unchanged. This is the first change of official rates in the Euro area since May 2009. Grant Fitzner, Head of EMEA Research a...