Shares in real estate company GTC were down 8% to PLN 3.99 on the Warsaw Stock Exchange since March 19, while the yield on its euro-denominated bond rose to 13% following financial issues related to its parent company, Optima Befektetesi Zrt.
Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.
MLP Group delivered good financial and operational results in 2024, driven by strong warehouse space leasing performance across all its markets. The company reported revenue of PLN 372.4 million (+3% YoY), or €86.5 million (+9% YoY).
Investment incentives across CEE are proving to be a major draw for Research and Development (R&D) and Business Services Sector (BSS) projects, with support reaching up to 70% of qualified costs, according to Colliers' report.
Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.
Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.
NEPI Rockcastle says it reached a record-breaking net operating income (NOI) of €556 million during 2024, a 13.2% increase compared to the previous year, over strong retailer sales and resilient consumer demand in CEE.
Industrial developer CTP said its profits reached a fresh high of €1.1 billion during 2024, almost 15% up year-on-year, driven by substantial growth in rental income, leasing activity, and a strong development pipeline.
Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.
MakoLab, a business and technology consultancy, has signed an annex with the Warimpex Group extending the lease of office space in the Ogrodowa Office building in Łódź. In the new arrangement, the office will occupy 2,000 sqm and will be adapted to a hybrid working model.
BOurgeois BOhemians Coworking has officially renewed its lease at the myhive Crown Point building in Warsaw. The company occupies more than 1,700 metres of space.
The salon of the Polish brand Ochnik, which will offer leather goods and clothing, will open later in Plaza Rzeszów shopping centre (eastern Poland) in the spring of 2025. The shop will occupy more than 400 sqm on the first floor of the centre. The lease deal is 5 years long.
New appointments
Balint Szécsényi has resigned as a member of GTC's supervisory board with immediate effect. The resignation was announced by the company's Board of Directors.
Katarzyna Jaworska has joined Colliers' office department, taking on the position of Associate Director. In her new role, Katarzyna will be responsible for office lease consultancy for public sector clients.
Krystian Pachówka joined AEW Europe as Head of Asset Management Logistics Poland in February this year. In the CEE region, AEW manages properties in the office, retail and logistics sectors.
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