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* NEWS Career Hotel Industrial Interview Investment Office Report Residential Retail * FORUMS Budapest Vienna Belgrade Bucharest London Bratislava Prague Warsaw Zagreb Online * PEOPLE * SPONSORSHIP * GALLERY * NEWSLETTER * NEWS Career Hotel Industrial Interview Investment Office Report Residential Retail * FORUMS Budapest Vienna Belgrade Bucharest London Bratislava Prague Warsaw Zagreb Online * PEOPLE * SPONSORSHIP * GALLERY * NEWSLETTER STORY OF THE DAY CPI is working on extending its retail portfolio in Hungary READ MORE * POLAND * CZECH REPUBLIC * SLOVAKIA * HUNGARY * ROMANIA * SEE ▾hirdetés STORY OF THE WEEK 25 Apr 2023 CPI IS WORKING ON EXTENDING ITS RETAIL PORTFOLIO IN HUNGARY by Property Forum Tailor-made leases are essential in both the office and retail segments in Hungary too. Property Forum asked Mátyás Gereben, Country Manager of CPI Hungary about the relevant plans of the leading landlord and developer. Read more > INVESTMENT 25 Apr 2023 BASECAMP STUDENT REFINANCES STUDENT HOUSING PROJECT IN WROCŁAW by Property Forum Basecamp Student has signed a facility agreement for refinancing their student housing project in Wrocław with a loan in the amount of €36 million, Colliers announced on LinkedIn. Read more > CPI Property Group transfers four Czech assets to S Immo Property investments in Romania up 73% in Q1 2023 Hungary's Wing becomes majority owner of Bauwert AG REPORT 25 Apr 2023 EUROPEAN OFFICES AND LOGISTICS REMAIN SHIELDED FROM ENERGY SHOCKS by Property Forum According to Savills’ latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending. Read more > GTC reports €25 million profit for 2022 Sofia ranks among the most expensive cities for construction in Europe Opportunistic transactions dominate Poland's market in Q1 2023 HOTEL 25 Apr 2023 RADISSON RED TO ARRIVE IN BELGRADE by Property Forum Radisson Hotel Group announced the debut of its upscale Radisson Red brand in Serbia with the signing of Radisson Red Belgrade, set to open later this year. Located just minutes from the capital’s historic centre, Radisson Red is the first Radisson Red branded hotel to be operated by PPHE Hotel Group’s Croatian subsidiary Arena Hospitality Group. This collaboration is made possible under the extended strategic partnership between Radisson Hotel Group and PPHE Hotel Group, through which both companies intend to leverage each other’s brands and strengths. Read more > Croatia’s tourism industry sees strong recovery Regional hotel rebranded by Accor in Hungary Prague's Intercontinental Hotel gets a major refurbishment CAREER 25 Apr 2023 IO PARTNERS TAKES OVER MOST JLL BUSINESS LINES IN CEE by Property Forum JLL and iO Partners have announced today that JLL will transfer its existing Leasing, Capital Markets, Valuations Advisory, Consulting and Project Management delivery businesses to iO Partners in Romania, Czech Republic, Hungary and Slovakia. Read more > Barbara Sikora joins GTC's Management Board as CFO Panattoni expands Hungarian office with new professionals Jarosław Zagórski to become new MD of Ghelamco Poland RESIDENTIAL 25 Apr 2023 BRATISLAVA MARKET FOR NEW APARTMENTS REMAINS FLAT by Property Forum Analysts from Bencont Investments have calculated that the first quarter of 2023 in Bratislava's newly-built residential market will be in a similar spirit as the second half of 2022, writes sita.sk. Read more > Average price of older Czech flats falls 9% year-on-year Central Group shakes up the market with flash sale in Prague Prague's market for new flats recovers INDUSTRIAL 24 Apr 2023 WEERTS GROUP TO BUILD HUGE LOGISTICS PARK NEAR BUDAPEST by Property Forum Belgian logistics developer Weerts Group has teamed up with Hungarian-Belgian partner RaktárAD to build a new industrial facility near the Liszt Ferenc International Airport. The park will offer almost 200,000 sqm of logistics and 37,000 sqm of mezzanine and office space. Weers Logistic Park (WLP) is the group's third project realised in Hungary. Read more > Pananttoni starts construction of Park Tricity East III near Gdańsk Raben opens cross-dock facility in Dunaharaszti MLP Czeladź receives Excellent BREEAM rating OFFICE 24 Apr 2023 NEW LEASES ACCOUNT FOR OVER 60% OF ALL OFFICE DEALS IN WARSAW by Property Forum According to a new report published by Newmark Polska, the first three months of 2023 saw no new office completions in Warsaw as occupier activity weakened and the capital’s vacancy rate remained flat compared to the previous quarter. Developers are, however, commencing or planning new office projects in the city. Read more > Office vacancy grows in Polish regional cities Ghelamco joins the Partnership for Climate program Adventum secures BREEAM certification for HBC in Bucharest INTERVIEW 24 Apr 2023 THE ONGOING RENTAL GROWTH IN LOGISTICS IS UNPRECEDENTED by Ákos Budai Markets like Poland have recorded rental growth of 20% and the upward trend is visible almost everywhere across P3 Logistic Parks’ European portfolio. During MIPIM, Property Forum sat down with David Marquina, Chief Development Officer of European Development at P3, to talk about the drivers of European logistics markets and to find out what’s next for the developer. Read more > CEE to be increasingly in the focus of some investors in 2023 Kajima bets on technological innovations RETAIL 20 Apr 2023 NEPI ROCKCASTLE TO OPEN PROMENADA CRAIOVA IN OCTOBER by Property Forum Property investment group NEPI Rockcastle will open its new Promenada Craiova shopping centre this October, following an investment of more than €125 million. The project will include more than 150 stores and will create over 1,500 jobs in the city based in southern Romania. Read more > Polish retail market enjoys a strong start of the year Turnover in SES shopping centres exceeds €3 billion Kaufland opens its first retail park in Bulgaria ECONOMY 29 Mar 2023 ESG COMPLIANCE TO APPEAR IN THE JUDICIAL SYSTEM IN HUNGARY by Property Forum Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest. Read more > Low-cost ESG measures can’t bring significant improvement Inflation hits record high in Hungary last year Foster + Partners to design new CPK airport in Poland more news NEW LEASES * Langowski Logistics, a specialist provider of international freight forwarding and logistics services, has moved its head office to Łużycka Plus, where it leased close to 1,330 sqm of modern office space. The tenant was advised in the lease negotiations by Newmark Polska. * The former Petersheim factory in Kraków's Grzegrzółki district has already been renovated. The Loft Park complex now also houses Grape Up's office. The IT company will occupy 1,500 sqm. * One More Level, a Kraków-based studio that produces and publishes games for consoles and computers, will open its headquarters in Quattro Business Park by Globalworth. The company will be a tenant of office space located on the top floor of Building D, where it will move in this summer. NEW APPOINTMENTS * Alexandre Saussard will take up the position of General Manager at Auchan Retail Poland as of 12th of June, 2023. He will continue his mission of transforming the company and its business models by implementing the Auchan Retail strategy in Poland. Alexandre Saussard will succeed Gérard Gallet, who has been appointed at Auchan as Regional Leader for Luxembourg and Poland. * Anna Tana has been promoted to Leasing & Real Estate Development Director and will be primarily in charge of the Wars Sawa Junior project in Warsaw, the flagship property in the G City Europe portfolio. * At the beginning of March 2023, G City Europe (formerly Atrium European Real Estate), owner and manager of shopping centres, gained a new Retail Director, Szymon Mińczuk. He has built up nearly 20 years of experience in the commercial real estate sector with companies such as Caelum Development, GTC and Echo Investment. LATEST NEWS * Basecamp Student refinances student housing project in Wrocław * European offices and logistics remain shielded from energy shocks * CPI Property Group transfers four Czech assets to S Immo * Radisson Red to arrive in Belgrade * GTC reports €25 million profit for 2022 * iO Partners takes over most JLL business lines in CEE * Barbara Sikora joins GTC's Management Board as CFO * CPI is working on extending its retail portfolio in Hungary * Bratislava market for new apartments remains flat * Average price of older Czech flats falls 9% year-on-year ▾hirdetés ABOUT US Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations. 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