South Eastern Europe

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...

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...

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...

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.

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 .

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...

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.

Emerson is to be a Globalworth tenant starting with April 2022. The technology and software company has signed a seven-year lease for a 1,100 square meter office space in the Globalworth Campus C in Bucharest.

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...

Slated to open in May 2022, the luxurious 59-room hotel will join The Unbound Collection by Hyatt portfolio as the first Hyatt-affiliated hotel in the Greek Islands.

Colliers has promoted Oana Stamatin ESG (Environmental, Social and Governance) Chief Officer in Central and Eastern Europe (CEE), now including Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia.

Revetas Capital, on behalf of Revetas Capital Recovery Fund I L.P., has sold the Vitantis Shopping Center in Bucharest to Praktiker Real Estate Romania.

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

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.

Piraeus Bank to buy additional stake in real estate company Trastor REIC. Värde Partners has agreed to sell its 52% stake for €98 million. The deal will take Piraeus Bank’s total shareholding to 97%, the bank said on Friday.

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.

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.

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...