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South Eastern Europe

Accor to open a new Mercure hotel in Bucharest

Accor announces the opening of a new Mercure Hotel in Bucharest in the fall of 2023. The new opening follows the conclusion of a franchise agreement with local company SAB Serv Express SRL. The hotel will operate in a fully refurbished building on Dimitrie Cantemir Blvd, close to the old city centre.
Thursday, 9. March 2023

CTP delivers 15,000 sqm to DSV in Sofia

CTP has delivered a state-of-the-art 15,000 square metre logistics development at CTPark Sofia Airport to its anchor tenant DSV. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to approximately 30,000 sqm.
Wednesday, 1. March 2023

PKF Hospitality becomes new partners

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.
Monday, 9. January 2023

Hyatt Regency Izmir IstinyePark celebrates opening

Hyatt Hotels Corporation today announced the opening of Hyatt Regency Izmir IstinyePark, located in Balçova, a charming district of Izmir and one of the oldest cities in the Mediterranean.
Monday, 9. January 2023

P3 closes deals for 78,000 m² in the first nine months of 2022

P3 Logistic Parks closed transactions for 78,000 m² of office and logistics space in Romania in the first nine months of this year. Of the total transactions, 34% are new long-term contracts (26,533 m²) and two thirds are short-term contracts or extensions of existing contracts (51,505 m²).
Friday, 18. November 2022

Globalworth appoints Dennis Selinas as new CEO

Globalworth has appointed Dennis Selinas as the new CEO of the Group. The Board of the company and Dimitris Raptis, CEO, have agreed for Raptis to step down from his role as CEO and as a member of the Board with effect from 31 December 2022, but he will continue to support Globalworth in an advisory role. Raptis joined the Bo...
Tuesday, 25. October 2022

GTC completes City Gate refurbishment project in Bucharest

GTC completed the City Gate Complex refurbishment project, following an investment of €3.5 million. The project started in 2021 and targeted two major directions for investment and implementation: common and leasable areas.
Friday, 21. October 2022

CTP initiates €150 million multi-project investment programme

CTP has initiated a new €150 million investment programme to develop over 200,000 sqm GLA of prime warehouse space in the country over the next two years and including the acquisition of two logistics centres in the capital Sofia from Bulgarian logistics developer and operator Transcapital.
Thursday, 6. October 2022

Sonae Sierra increases portfolio of assets under management

In the first nine months of 2022, Sierra reinforced and diversified its portfolio of assets under management in Europe and Morocco, signing 23 new contracts and attracting new clients. Since the beginning of the year, the Company has 11 new contracts in the Property Management area and 12 in Leasing, serving different client ...
Wednesday, 5. October 2022

Andreea Mihai joins Hagag Development Europe as CEO

Hagag Development Europe announces the consolidation of its management team by appointing Andrea Mihai as Chief Executive Office. In her current role, she is conducting the company’s operations in Romania, coordinating the development activity, drafting and overseeing the implementantion of the short, as well as medium and lo...
Tuesday, 27. September 2022

Scallier opens a retail park in Turda

The retail park with a leasable area of 9,000 sq m was opened in Turda on the 22nd of September. It is the fourth retail facility by the Polish company Scallier, which is developing a network of retail parks in Romania. Previously, the facilities in Rosiorii de Vede, Focsani and Timisoara were commissioned. After the opening ...
Tuesday, 27. September 2022