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South Eastern Europe

SLS Cargo expands in P3 Bucharest A1 logistic park

P3 Logistic Parks announces the extension of the lease agreement with the transport and logistics operator SLS Cargo, which adds another 11,412 square meters to the area already leased, in a transaction brokered by JLL Romania. Thus, less than two years since the collaboration started, the area leased by SLS Cargo in the P3 B...
Thursday, 4. August 2022

Hagag receives building permit for Știrbei Palace

Hagag Development Europe received the building permit for the consolidation and renovation works on Știrbei Palace, its property located on 107 Calea Victoriei. The company has initiated the tender process for the selection of the general contractor and is making all the necessary arrangements to soon start construction works...
Thursday, 4. August 2022

Azora acquires 5* Sheraton Rhodes Resort

Azora has completed the acquisition of the Sheraton Rhodes Resort, a 5* hotel in the island of Rhodes, on behalf of the Azora European Hotel & Lodging, F.C.R. from Lampsa Hellenic Hotels S.A..
Thursday, 4. August 2022

Accor opens new luxury hotel in Plovdiv

Accor announces the official opening of its flagship property in Plovdiv. The Emporium Plovdiv - MGallery located in the reborn building with a history, surrounded by the vibrant culture welcomes guests with the captivating story of Europe's oldest continually inhabited city.
Thursday, 28. July 2022

Where can real estate investors find 5%+ yields in Europe?

As inflation and debt costs in Europe continue to rise, investors in real estate are having to look harder for the returns they need, according to Savills. To help with this, the international real estate advisor has identified a variety of asset classes in 14 local markets that still offer 5%+ yields.
Wednesday, 27. July 2022

Nordis sold 255 units worth 123.7 million RON in the first half of 2022

Nordis Group, the only developer of 5-star hotel and residential complexes in Romania, announces sales of 123.7 million RON in the first 6 months of 2022. This amount represents the value of pre-contracts for the sale of apartments in the 4 projects that Nordis Group has under development at this moment. The signing of the sa...
Friday, 22. July 2022

GTC aces two lease deals in Sofia

Globe Trade Centre continues a streak of signing quality lease agreements and growing tenant family. This time GTC Bulgaria welcomes a new tenant on board – a fast-growing software company Gtmhub, which will lease 1 700 m² in Advance Business Centre I. Moreover, one of GTC’s anchor tenants extended the lease in Mall of Sofia ...
Monday, 18. July 2022

Radisson Blu opens first five-star hotel in Transylvania

Radisson Blu Hotel, Cluj, based in Transylvania’s vibrant capital city of Cluj-Napoca, opens its doors as the city’s only five-star hotel, providing an unforgettable experience with spacious rooms, a unique dining concept, and ultra-modern meeting facilities.
Monday, 11. July 2022

Increased enquiries for SBU and LML space in CEE-15 countries

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million m², but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million m²), reveals a new report by Colliers: "ExCEEdi...
Friday, 1. July 2022

Skanska appoints new directors in Environmental and Health & Safety areas

Skanska’s commercial development business unit in Central and Eastern Europe (CEE) continues its strategic focus on creating future-proof and sustainable places by appointing new directors responsible for the developing and leading teams in Environmental and Health & Safety areas.
Thursday, 2. June 2022

ELBI Electric & Lighting is new tenant of P3 Bucharest A1

P3 Logistic Parks (P3) receives a new tenant in the business community existing at km 13 on A1. ELBI, the leader in the Romanian low voltage electrical equipment market, will occupy over 15,000 m² of storage and office space in P3 Bucharest A1. Following an investment of over 3 mlnn in equipment and automation systems, the EL...
Thursday, 2. June 2022

Huawei extends lease contract in Globalworth Tower Bucharest

Huawei extends its lease in the Globalworth Tower building, Bucharest, for an extra of 1,000 m² of office space. Thus, starting July 2022, Huawei will carry out its activity in a total area of 12,600 m² in the first building in South-Eastern Europe to receive LEED Platinum.
Monday, 9. May 2022

P3 Logistic Parks completes accommodation project developed within P3 Bucharest A1

P3 Logistic Parks inaugurated, at the beginning of this year, the accommodation building for the staff employed in the P3 Bucharest A1 logistics park. The project is located in the center of the park in the neighbourhood of the self-service restaurant and, all together, complete the list of facilities offered to companies wit...
Tuesday, 19. April 2022