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South Eastern Europe

Radisson to reach over 50 hotels in the country by the end of 2023

Radisson Hotel Group is accelerating its development pipeline targets in Turkey to reach 50 hotels by 2023 instead of 2025. In 2022, the Group plans to grow its presence in the country with 10 additional hotels and to introduce two new brands, Radisson Individuals and Radisson RED, to the Turkish market. The Group is also all...
Wednesday, 13. April 2022

Sonae Sierra wins services contract for the largest mall in South-East Europe

Sierra has closed an agreement with the owners of Prishtina Mall, the newest shopping centre set to shortly open in Kosovo, to provide consultancy services for the retail and entertainment scheme. Covering 239,000 m² and with a GLA of 115,000 m², as well as offering parking for over 3,500 cars, Prishtina Mall will be the bigg...
Wednesday, 13. April 2022

S Immo acquires Expo Business Park in Bucharest

With the purchase of the Expo Business Park in Bucharest, the publicly listed S Immo AG has added another high-quality office property to its portfolio. Among the tenants of the Class A office property with a main usable area of roughly 41,500 m² are the Dutch banking and financial services company ING and Romania's largest p...
Tuesday, 12. April 2022

ILF remains at Poleczki Park

ILF Consulting Engineers Polska has again extended its lease agreement for space in the Poleczki Park office complex, owned by UBM Development Polska. In renegotiations the tenant, as before, was supported by JLL.
Monday, 28. March 2022

Italy's Beltrame to complete Targoviste Special Steel Plant acquisition

AFV Beltrame Group has completed the acquisition of the functional production assets of the Târgoviște Special Steel Plant, by concluding the transfer of ownership documents and full payment of the price in the amount of €38.3 million + VAT. The company announced the deal last month .
Thursday, 17. March 2022

VGP and Allianz complete €364 million logistics portfolio purchase

VGP NV and Allianz Real Estate, acting on behalf of several Allianz Group companies, today announced a successful third closing with its 50:50 joint venture, VGP European Logistics II (‘Second Joint Venture’). The transaction comprised of 13 logistic buildings, including 9 buildings in 5 new VGP parks and another 4 newly comp...
Wednesday, 16. March 2022

Tedi and Hervis to lease 5,500 sqm of retail space

German non-food retailer TEDi and the Austrian chain of sport stores Hervis, will open their shops in newly emerging retail parks in Romania developed by the Polish company Scallier.
Monday, 14. March 2022

Beltrame Group gets green light for COS Targoviste acquisition

AFV Beltrame Group received authorisation from the Competition Council for the acquisition of the functional production assets of the Târgoviște Special Steel Plant in Targoviste. The value of the transaction amounts to €38.3 million + VAT. In addition to the value of the acquisition, AFV Beltrame Group will invest around €10...
Wednesday, 16. February 2022

VGP enters the Hellenic market

VGP enters the Greek market with the opening of an office in Athens and appoints Stratos Iliou as Country Manager for VGP Greece.
Tuesday, 1. February 2022

Colosseum Mall signs a lease agreement with Douglas

Colosseum Mall announces that Douglas will be part of its tenant portfolio in its expansion project which is going to be completed and inaugurated in S1 2022. This is the 34th store on the Romanian market in Colosseum Mall.
Tuesday, 25. January 2022

Mount Street and Technical Olympic form JV aimed at Greek/Cypriot NPL market

Mount Street Group has received regulatory approval from the Bank of Greece for a strategic partnership with Technical Olympic S.A. The Joint Venture, which is focused on Greece and Cyprus, has onboarded €33 million of real estate-backed non-performing loans (‘NPL’) in its first month of operation.
Tuesday, 18. January 2022

Atenor sells Dacia One office project to Paval for €50m

At the end of 2021, Atenor delivered its office project Dacia One Bucharest roughly five months after selling the building to Pavăl Holding, the owner of Romanian DIY retailer Dedeman. The value of the deal is approximately €50 million.
Tuesday, 18. January 2022

CTP completes development in Novi Sad for electric motor giant Nidec

CTP N.V. is to boost its share of the industrial property market in Serbia to 65% after the completion of a new manufacturing facility development at its CTPark in Novi Sad on behalf of Japanese electric motor giant Nidec Corporation. The Novi Sad park, 90 kms northwest of the Serbian capital Belgrade, is emerging as a new re...
Friday, 31. December 2021