South Eastern Europe

Invel Real Estate and Prodea Investments have acquired White Coast Pool Suites, a five-star luxury hotel on the Greek island of Milos.

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.

Multi Corporation announces the appointments of Ertuğrul Acar as Managing Director and of Oğuz Ceceli as Financial Director of Multi in Turkey, both with immediate effect.

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).

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...

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.

Globalworth Industrial is expanding its portfolio by purchasing, together with Global Vision, an industrial and logistics project with a total land area of 37.9k m² in Târgu Mureș.

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.

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 ...

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...

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 ...

Radisson Hotel Group announces a record year of growth for Greece with four signings and three openings to date, leading international development activity in the country.

Nidec Elesys Europe has recently signed a lease contract for 700 sqm of Class-A office space in Sofia Airport Center, which is part of Revetas Capital portfolio of assets in Bulgaria. The company was founded in 1973 and is now entering the Bulgarian market for the first time.

Beiersdorf will move into the class A office building Sofia Tower II in Sofia. The newly developed building is in the final stage of construction.

In the last three months, contracts have been signed for the rent of over 6,200 m² in retail parks provided by the company in Romania. Pepco, KiK, Sportisimo, Penti, Elmark and Super Zoo are tenants who have signed contracts for the largest areas. In total, since the beginning of May this year, 11 new lease agreements have be...

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...

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...

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..