PL

CEE region Underlying demand still strong in Bucharest

Hotels
The Bucharest hotel market continues to receive attention from hotel operators looking to expand their chains.

Prague, Budapest, Warsaw and Bucharest are the top cities of interest for major operators in the CEE region, according to the Operator Beat survey published by Cushman & Wakefield.

In Romania, the transaction volume reached about EUR 9.5 mln in 2020, down 87 pct from around EUR 75 mln in 2019. Other cities in Romania mentioned by international operators as their target markets included Cluj-Napoca, Timisoara, Iasi, Constanta and Brasov – where brand penetration is significantly low. Bucharest, despite the challenges faced by the market, a few hotels opened, including the Moxy Old Town (July 2020) and Holiday Inn Bucharest Times (January 2021). In addition, ongoing projects under construction include the Autograph Collection in the Old Town centre and the room extension and renovation in the Radisson Blu Complex. The two developments are due to open in 2021 and 2023 respectively. The majority of operators expect major regional cities to recover earlier than capital cities, with 53 pct of those surveyed expecting these markets to recover by 2023.

Before the pandemic, the hospitality market was undersupplied, an aspect that will be highlighted again, with the end of the restrictions and the economic recovery. Significant opportunity remains and developers will align the delivery of new hotels with the return to some form of normality in terms of travel. We expect to see a steady return of business travel in the second half of 2021 and decent underlying domestic demand around the country.
Bogdan Gubandru, director of investment agency at Cushman & Wakefield Echinox

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schedule 24 March 2021
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Warehouse & industrial

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schedule 11 May 2021
Opr./edited by NN

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Warehouse & industrial

CZECH REPUBLIC Comic books from Panattoni Park Prague Airport II

schedule 11 May 2021
Opr./edited by NN

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Warehouse & industrial

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schedule 11 May 2021
Opr./edited by NN

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Warehouse & industrial

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schedule 10 May 2021

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Retail & leisure

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schedule 10 May 2021

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Investment & finance

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schedule 10 May 2021

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Human resources

SEE REGION Colliers seeks new Serbian and Greek partners

schedule 07 May 2021
Opr./edited by NN

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Warehouse & industrial

HUNGARY Panattoni enters Hungary

schedule 07 May 2021
Opr./edited by NN

Panattoni is entering the Hungarian market, where it already has two projects in the pipeline.

Office & mixed-use development

Romania Stability ahead in Bucharest

schedule 07 May 2021

The volume of Q1 leasing transactions in Bucharest came to 48,000 sqm, according to Cushman & Wakefield Echinox.

Retail & leisure

Poland Vendo opens in Myśliborz

schedule 07 May 2021

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Investment & finance

CEE region Q1 CEE investment at EUR 2 bln

schedule 07 May 2021

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Warehouse & industrial

More labels in Wrocław

schedule 07 May 2021

Prologis has renewed a lease agreement for 19,000 sqm in Prologis Park Wrocław V with a producer of ecological labelling and the tenant is also to take up an additional 11,600 sqm of BTS space.

Retail & leisure

POLAND Renoma renewed

schedule 07 May 2021
Nathan North
deputy editor

Globalworth, the owner and property manager of Renoma in Wrocław, has chosen Tétris as the general contractor for the renovation of the shopping centre, which has now started in time for the building’s 91st anniversary.

Warehouse & industrial

CZECH REPUBLIC Colliers helps Tchibo sign second largest Czech lease

schedule 07 May 2021
Opr./edited by NN

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Office & mixed-use development

POLAND Three in Mokotów Plaza re-lease 1,605 sqm

schedule 07 May 2021
Opr./edited by NN

UK investor M7 Real Estate has re-leased a total of 1,605 sqm in Mokotów Plaza in Warsaw to three existing tenants.

Retail & leisure

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schedule 06 May 2021

The food sector is becoming the core for retail property investment, claim Savills in its latest 'European Food and Groceries Sector' report.

Investment & finance

POLAND Polish Q1 investment holds up – C&W

schedule 06 May 2021

The Q1 investment volume in Poland this year came in at 10 pct above the five-year first-quarter average at EUR 1.25 bln, according to Cushman & Wakefield.

Retail & leisure

Hungary Makeover for Campona

schedule 06 May 2021

By the end of 2021, the interior of the Campona shopping centre in South Buda will have been renovated and the entire renovation project will be completed in early 2022.

Office & mixed-use development

POLAND Fregata takes Colliers on board

schedule 06 May 2021
Opr./edited by NN

Work is now underway on the 15,600 sqm Fregata Park office complex in Szceczin.

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schedule 01 April 2021

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schedule 29 March 2021

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schedule 26 March 2021

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schedule 22 March 2021

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schedule 18 March 2021

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schedule 18 March 2021

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schedule 12 March 2021

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schedule 11 March 2021

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schedule 04 March 2021

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schedule 08 February 2021

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schedule 31 December 2020

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schedule 15 December 2020

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schedule 02 December 2020

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schedule 23 November 2020

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schedule 23 October 2020

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