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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.
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..
Accor announces the official opening of its flagship property in Plovdiv. The Emporium Plovdiv - MGallery located in the reborn building with a history, surrounded by the vibrant culture welcomes guests with the captivating story of Europe's oldest continually inhabited city.
As inflation and debt costs in Europe continue to rise, investors in real estate are having to look harder for the returns they need, according to Savills. To help with this, the international real estate advisor has identified a variety of asset classes in 14 local markets that still offer 5%+ yields.
Nordis Group, the only developer of 5-star hotel and residential complexes in Romania, announces sales of 123.7 million RON in the first 6 months of 2022. This amount represents the value of pre-contracts for the sale of apartments in the 4 projects that Nordis Group has under development at this moment. The signing of the sa...
IHG Hotels & Resorts announces the signing of InterContinental Athénée Palace Bucharest, marking the return of the InterContinental Hotels & Resorts brand to Romania.
Globe Trade Centre continues a streak of signing quality lease agreements and growing tenant family. This time GTC Bulgaria welcomes a new tenant on board – a fast-growing software company Gtmhub, which will lease 1 700 m² in Advance Business Centre I. Moreover, one of GTC’s anchor tenants extended the lease in Mall of Sofia ...
Radisson Blu Hotel, Cluj, based in Transylvania’s vibrant capital city of Cluj-Napoca, opens its doors as the city’s only five-star hotel, providing an unforgettable experience with spacious rooms, a unique dining concept, and ultra-modern meeting facilities.
Cycas Hospitality will partner with InterGlobe in the management and transformation of 11 boutique hotels and 1,472 rooms across eight countries and nine cities.