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» Chronological View: " South Eastern Europe " «

Offices & Logistics are the engines of growth in European real estate

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.
Wednesday, 30. January 2019

Michiel Santing appointed Director of BNP Pariba's IIG

BNP Pariba Real Estate's International Investment Group (IIG) has strengthened the company’s Pan European capabilities with the appointment of Michiel Santing as Director. He will focus on the company's business development across Europe, especially in Spain, Italy, Benelux, CEE and Ireland. Santing will be based in Amsterdam...
Wednesday, 30. January 2019

Hyatt announces management agreement with Kastrati Hotels & Tower

Hyatt Hotels Corporation has announced a management agreement with Kastrati Hotels & Tower for the first Hyatt-branded hotel in Albania. The 151-room Hyatt Regency Tirana will become the fifth Hyatt Regency hotel in Southeast Europe, joining Hyatt Regency Thessaloniki, Greece; Hyatt Regency Belgrade, Serbia; Hyatt Regency Sof...
Tuesday, 11. December 2018

P3 acquires 16 ha site for new park in Bucharest

P3 Logistic Parks has acquired a 16 hectare site in Dragomiresti Vale, a prime logistic location on the north west outskirts of Bucharest. A new 80,000 m² logistics park – to be known as P3 Bucharest NW Ring Road - is to be developed at 15 Charles de Gaulle Plaza in Bucharest, which has direct access to the newly extended B...
Monday, 10. December 2018

Funds advised by Revetas acquire Project Marina in Bucharest

Funds advised by Revetas Capital Advisors LLP have acquired the Landmark (“Project Marina”), a 23,500 GLA premium office complex located in Bucharest’s Central Business District . The transaction was closed end of October 2018 in Bucharest, with Revetas successfully acquiring the shares in the company which owns the office co...
Tuesday, 20. November 2018

Peikko acquires manufacturing plant near Bucharest

Peikko Group Corporation has purchased an existing manufacturing facility from SSAB’s local subsidiary. The purchased property located in Bolintin-Deal totals 90,000 sqm of land and 30,000 sqm of modern production facilities. Peikko plans to gradually build up the production capacity of the new Romanian unit. Noerr advised Pe...
Tuesday, 20. November 2018

CA Immo lets 5,300 sqm in Bucharest office project Orhideea Towers

Thales Romania is renting 5,300 sqm of office space in the Orhideea Towers project in Bucharest for at least five years. Developed by CA Immo, the landmark office building comprises 37,000 sqm of gross rentable floor space. The leasing rate currently stands at approximately 70%; taking expansion options for anchor tenants int...
Thursday, 15. November 2018

Immofinanz adds eight new sites to its Stop Shop portfolio

Immofinanz is driving the expansion of its Stop Shop retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately €90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly €7.2 million, which represents a gr...
Wednesday, 14. November 2018

The Mark more than 75% pre-let

Shortly before scheduled completion of its The Mark office project in Bucharest, S Immo AG to announce that the building is more than 75% pre-let to renowned tenants such as Deloitte, Dentons, WPP, and Starbucks.
Friday, 2. November 2018

Radisson to arrive on the island of Cyprus

Radisson Hospitality AB to announce the introduction of the Radisson hotel brand to Southern Europe with the signing of the Radisson Larnaca Beach Resort on the island of Cyprus - due to open in Q3 2019. The hotel will be operated by Sunnyseeker Hotels.
Friday, 26. October 2018

Pbb provides €43m for the acquisition of The Landmark in Bucharest

Pbb Deutsche Pfandbriefbank has provided a credit facility of €43 million to Revetas Capital Fund III for the acquisition of the newly built office complex called The Landmark, in Bucharest from Piraeus Bank. The purchase became known in early May. It is envisaged that an affiliate of Cerberus Capital Management will join R...
Thursday, 25. October 2018

Ibis Styles Bucharest City Center to open in 1Q 2020

Hotel operator Orbis Hotel strengthens its position in the Romanian capital by signing a management contract for a new Ibis Styles hotel in the city center. The newly-built Ibis Styles Bucharest City Center, expected to be open in 1Q 2020, is developed in partnership with Romanian own...
Wednesday, 17. October 2018

Romania is the most successful country in the EU in terms of GDP/capita expansion

Following the global financial crisis ten years ago, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate. The country's economic growth (the so-called sustainable rate) is currently at around 4%, which compares favourably to the EU average (below 2%) ...
Tuesday, 18. September 2018

Globalworth brings Starbucks to Globalworth Campus in Bucharest

Globalworth has signed a lease agreement with Starbucks to open a coffee shop in Tower 1 office building from Globalworth Campus in Bucharest. “When developing a project, in addition to workspaces adapted to our tenants’ personalities, we also focus on offering them a range of facilities in the immediate vicinity of the offi...
Monday, 17. September 2018

Liviu Tudor elected President of the European Property Federation

At its meeting in Göteborg, the EPF Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of EPF. Tudor, who created organised Romanian real estate and brought it into EPF, takes over at a time of EU consolidation and expansion in South East ...
Monday, 17. September 2018

Andrei Văcaru appointed as Head of Capital Markets JLL Romania

JLL has promoted Andrei Văcaru to Head of Capital Markets JLL Romania, effective 1st August 2018. Văcaru has over 13 years’ experience in the Romanian real estate market which spans over different segments including capital markets, consultancy, retail leasing and retail tenant representation. He joined JLL in May 2007 as S...
Wednesday, 22. August 2018

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

Lion's Head Investments completes Megapark acquisition in Sofia

Robul, Universale International Realitaten and CA Immo has complete the biggest office investment deal in the last years in the Bulgarian capital. Lion's Head Investments, a joint-venture between Old Mutual & AG Capital, has acquired the Megapark business centre, which is with 45,000 sqm one of the largest office buildings in...
Wednesday, 15. August 2018