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» Chronological View: " South Eastern Europe " «

Hagag to develop luxury residential project in Bucharest

Hagag Development Europe will develop the H Eliade 9 Residence in Bucharest’s Primăverii district, on a 2,000 sqm plot. The development will comprise an area of around 6,000 sqm with 35 luxury apartments and 70 parking spaces both outdoor and underground. 25 percentt of the units have already been reserved. It’s exact locatio...
Monday, 25. June 2018

Last phase of Globalworth Campus begins

Globalworth starts the construction of the last phase of Globalworth Campus complex in Bucharest, the Tower 3 building, with a total leasable area of 35,000 sq metres. It is the last office building from Campus and by the end of next year, the project will also integrate a conference centre. Globalworth Campus is under BREAM ...
Friday, 22. June 2018

H&M leases 1,000 sq metres at Unirii View as its future HQ

H&M Romania leased 1,000 sq metres in Unirii View, the office building in downtown Bucharest. The retailer will take up a superior floor within Unirii View. The new head quarter also offers space which will accommodate a showroom, where different events for partners or influencers will be hosted.
Friday, 22. June 2018

Colosseum Mall will be built at Colosseum Retail Park in Bucharest

The construction of the Colloseum Mall project and the expansion of the existing retail scheme with a new concept will start later this year. This stage of the development will cost €30 million and will combine commercial and office use. The 16,500 square meters of new GLA as an extension of existing retail development, Colos...
Tuesday, 12. June 2018

WWF moves to AFI Tech Park

AFI Europe Romania announces a new tenant in the first office building of the business campus AFI Tech Park in Bucharest. The new lease has been signed with the WWF Danube-Carpathian Programme Romania (WWF Romania), for an area of 350 sqm, for a period of 5 years. The lease process was intermediated by Colliers International,...
Monday, 4. June 2018

Greece's Piraeus Bank to sell €1.4bn bad loans to Bain Capital

Piraeus Bank S.A. has entered into an agreement with Bain Capital Credit LP in relation to the sale of non-performing and denounced corporate credit exposures, secured with real estate collateral, equivalent to €1,950mn total legal claims or €1,450mn on-balance sheet gross book value. The transaction is subject to customary c...
Wednesday, 30. May 2018

First Hyatt hotel to open in Athens, Dublin and Istanbul

Hyatt Hotels plans to open the first Grand Hyatt hotel in Athens, Dublin and Istanbul. The opening of the Grand Hyatt Athens is expected in Q3 2018, while the Hyatt Centric Liberties Gate Dublin is set to open in May 2019. The Nish Palas Istanbul hotel already opened in Nişantaşı, one of Istanbul’s oldest districts.
Monday, 28. May 2018

ForeVest receives €11 million to refinance Lascar 31 Business Center Bucharest

JLL has secured €11 million to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania provided the loan for the property, which consists of 9,250 square meters rentable area. Lascar 31 Business Center is located in the central area of ...
Thursday, 24. May 2018

Park Inn by Radisson opens in Istanbul Odayeri

Park Inn by Radisson opened a Park Inn by Radisson in Istanbul Odayeri. The latest opening for Radisson Hotel Group takes its portfolio in Turkey to 20 hotels and more than 3,500 rooms in operation. Park Inn by Radisson Istanbul Odayeri will be managed by Radisson Hospitality AB.
Thursday, 24. May 2018

Henderson Park and Hines select Grand Hyatt brand for Athens hotel redevelopment

Henderson Park and Hines have agreed upon a franchise agreement with an affiliate of Hyatt Hotels Corporation for the former Ledra Hotel in central Athens, which will be operated as a Grand Hyatt hotel. Henderson Park and Hines acquired the former five-star hotel in June 2017, in both companies' first investment into the Gree...
Tuesday, 22. May 2018

InterContinental® makes its debut in Sofia

InterContinental® Hotels & Resorts has opened the InterContinental® Sofia in the capital city. Marking the brand’s debut in the country but seventh opening in Eastern Europe, the hotel features 194 rooms, including 27 Club rooms and 37 Suites. The hotel is located in the capital's city center.
Thursday, 17. May 2018

Discounts in listing prices left their mark in the Istanbul office market

Discounts in listing prices left their mark in the Istanbul office market, with an approximate 8% decline in average rent rate in the Class A office buildings in the Central Business District (CBD). According to Propin, the first quarter of 2018 was a period when hard bargains between landlords and potential tenants were obse...
Tuesday, 15. May 2018

Sonae Sierra's net profits slip as sales gains fall

Sonae Sierra recorded a net profit of €15.3 million in the first three months of 2018, compared to the €15.9 million reached in the same period of last year, impacted by lower gains on the sale of investments in 2018. EBIT was at €27 million, up by 8% year-on-year thanks to the European portfolio’s improved performance as wel...
Monday, 14. May 2018

Skanska sells Campus 6.1 office building in Bucharest to CA Immo

CA Immo has acquired the Campus 6.1 office building in Bucharest from Skanska for approx. €53m. The closing of the transaction is expected by the end of 2018. Campus 6.1 is an A-class office development, offering 22,000 sqm GLA. The development is located in the Central West area of Bucharest, in the proximity of the Polytech...
Monday, 7. May 2018

CMS promotes seven real estate lawyers to partner

CMS has promoted seven new partners in the firm's real estate group, with the London team welcoming three new partners. Across the firm, CMS has promoted 47 to partner in 23 of its offices globally. Over 38% of these promotions are women, spread across 11 countries including Austria, Colombia, France, Germany, Peru, Poland, P...
Friday, 4. May 2018

Immofinanz opens two further retail parks

Immofinanz has opened two further retail parks in its Stop Shop brand, whose portfolio has now grown to 72 locations with roughly 500,000 sqm of letable space in eight countries. The new properties are located in the cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include LC ...
Thursday, 3. May 2018

Rezidor opens nine hotels in the first quarter

Rezidor Hotel Group AB has signed nine new hotel openings representing close to 1,700 rooms in the first quarter of 2018. One of the key signings of the quarter was the Palazzo Montemartini in Rome, which will join the Radisson Collection in July 2018 . The signing of the Palazzo Montemartini - an Italian style icon that open...
Wednesday, 2. May 2018

Europa Capital sells Mall of Sofia

Europa Capital has contracted the sale of its Mall of Sofia on bul. Aleksandar Stamboliyski 101 investment to Globe Trade Centre S.A. Mall of Sofia comprises a 23,700 sq. metre shopping centre and a 10,300 sq. metre office tower located in the city centre. The retail occupancy rate is currently at 98% and office occupancy rat...
Friday, 27. April 2018