After several months of declining the number of residential property transactions concluded in Hungary has risen in May. Mortgage lending also showed signs of recovery, brokerage firm Duna House reports.
Romania has one of the lowest volumes of housing loans as a share of GDP, being for instance six times lower than Poland in absolute terms, according to a study published by Romanian developer STC Partners.
Arla Global Shared Services will move its local headquarters to the Punkt office building in Gdańsk. The company has leased nearly 10,000 sqm of space, to which it will move in early 2026.
Spanish clothing brand Zara, owned by Inditex, is closing its shop in the Wars Sawa Junior complex in Warsaw. Its place will be taken by Uniqlo, which has been operating in the facility as a pop-up store since 2021. The Japanese-origin clothing brand Uniqlo has so far been present in the complex in the form of a temporary shop of around 800 sqm. The space vacated by Zara has allowed the brand to occupy almost 1,800 sqm.
Sellpy has leased 6,000 sqm in Industra Park Arad, owned by Oresa Industra. The deal was brokered by Activ Property Services.
New appointments
Colliers has announced the appointment of Grzegorz Sielewicz as Head of the Economic and Market Analysis Department for Central and Eastern Europe (CEE). His role will cover Bulgaria, the Czech Republic, Hungary, Poland, Slovakia, and Romania.
Genesis Property has appointed Flavia Flavia as COO, tasked with leading the development and alignment of the operational strategy of the developer.
Beata Rodziewicz joins the Corees Polska team as Leasing Director. She will be responsible for the commercialisation of office buildings.
ABOUT US
Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.
