One size fits all? Challenges for budget hotel development in Central & Eastern Europe (CEE)

There is a shortage of affordable budget hotels in Central and Eastern Europe. Five to ten years ago, there was one pre-dominant bud ...

H&M to open store in Amsterdams new Oostpoort shopping center (NL)

MAB Development Nederland, one of the partners in the Polderweg Area Development Consortium (OCP), has signed a rental agreement with retailers Hennes & Mauritz for a store of around 1,200 m² as ...

Ecological business park to be built in Warsaw (PL)

SwedeCenter, a development company of the Inter IKEA Group, is to build the first ecological business park in Poland – Business Garden. Cushman & Wakefield, the global commercial property consult ...

Investment in European hotels falls 50% to €3.2 billion (EU)

Investment in EMEA hotels fell by over 50% in 2009 according to new research from Cushman & Wakefield Hospitality. Total investment volumes totalled €3.2 billion in 2009 (against €6.4 billion i ...

The first Baglioni Hotel and Resort in Africa to be built in Marrakech (MA)

LUCHFORD APM has been appointed by leading international property development company Ajensa, to act as the global lead communications agency for The Baglioni Marrakech, a luxury boutique resort opera ...

Arab Investments buys Quartier Am Auswartigen Amt in Berlin for German Fund (DE)

Arab Investment Ltd has purchased the "Quartier am Auswärtigen Amt" in Berlin-Mitte from developer Strabag Real Estate GmbH for approximately €57 million for its second German fund. The newly constr ...

Hotel Investment Market EMEA: Transaction volume to increase in 2010

According to Jones Lang LaSalle Hotels the hotel investment volume in Europe, Middle East and Africa (EMEA) fell to €2.9 billion in 2009, reflecting the lowest volume of transactions since the late 1 ...

Balkimo weclomes new partner and opens new office at the Rogner Hotel in Tirana (AL)

Balkimo has today welcomed Ian Hurrell as a new partner of the firm. Ian has previously been involved in two real estate start up companies and partnered a further real estate business in London. Two ...