South Eastern Europe

IHG Hotels & Resorts (IHG) announces the signing of Crowne Plaza Budva in Montenegro, in collaboration with its partner Uniprom Hoteli d.o.o. The hotel will become part of Crowne Plaza’s growing European portfolio.

The Israeli developer Dimri continues to expand one of the largest residential developments in Sector 6, Bucharest. With the handover of two new buildings and 161 fully finished apartments, the project reaches 536 completed units and now houses over 1,400 residents.

Building on a record-breaking 2024, Radisson Hotel Group has carried its momentum into 2025, accelerating growth across EMEA and APAC while staying true to its Responsible Business commitments.

Premia SA has expanded its hospitality portfolio by adding two new hotel properties on the island of Kos. According to market information the purchase price is around €112m.

CTP has appointed Ivanka Ivanova as Managing Director for Bulgaria, as the company continues to expand its footprint across Central and Eastern Europe (CEE) and deliver on its strategy to reach €1 billion of annualised rental income by 2027.

One of the most significant hotel acquisitions in Belgrade in recent years has been finalised. D.N.Z.-Neskovic d.o.o. Beograd is the new owner of the Hotel IN in New Belgrade. The company, which is part of the Neskovic business group, was registered with the Business Registers Agency as the new owner on 24 September.

With over 40 active sites and 3,000 workers, The Ellinikon is moving forward at full speed. New partnerships with ION Group and the University of Nicosia, as well as progress on housing, retail and leisure facilities, underline the project’s momentum.

IHG Hotels & Resorts is expanding its Voco brand in Southern Europe with nine new hotels across France, Italy, Portugal, Spain and Türkiye. Adding more than 1,000 keys, this move strengthens IHG’s premium footprint and leverages Voco’s appeal among owners seeking fast conversions.

M Core continues expanding its national network with a flagship project: M Park Galați, the city’s first retail park. This investment is set to redefine the shopping experience for the entire region.

Vivium Holding has completed the acquisition of a hotel development site in Athens’ Makrygianni district from Ble Kedros REIC for €18.6 million. The transaction delivers Ble Kedros a substantial capital gain, with the company reporting a net profit of more than €13 million from the sale.

Big move in Romania’s logistics market: WDP and Action have signed on the dotted line for a 54,000 m² sustainable distribution centre near Bucharest. With BREEAM Outstanding in sight, the €40 million project strengthens Action’s regional supply chain and WDP’s green growth pipeline.

CTP has appointed Ronald Binkofski as Managing Director for Romania. He will drive business expansion and operational efficiency in a key growth market. The move supports CTP’s goal of reaching €1 billion in annualised rental income by 2027.

Skanska adds ONV Law to the tenant roster at Equilibrium 2. The legal firm will move into 640 sqm in December 2025, establishing a cross-border hub between Bucharest and Chișinău. The move supports ONV Law’s strategic expansion in Eastern Europe.

Romania’s retail market continues to attract a growing number of international brands, according to an analysis conducted by the Cushman & Wakefield Echinox real estate consultancy company. The analysis reveals that more than 40 international retailers entered the Romanian market between 2020 and 2025. Globally, all these ret...

M Core expands its presence in Romania by unveiling M Park, a modern retail development in Bucharest’s growing Ghencea district. Scheduled to open in 2027, the centre will blend retail convenience with sustainable design and green technology. The new M Park underlines M Core’s commitment to responsible urban development and E...

IGD has completed the sale of another Romanian shopping centre as part of its 2025–2027 Business Plan strategy to dispose of non-core assets. The Vaslui centre was sold for approximately €2.2 million, in line with book value.

Azora and the Ioannou Family have launched a joint venture to grow a leading hospitality platform in Greece. The deal includes Azora’s majority acquisition of Donkey Hotels S.A. and a shared plan for expansion and portfolio upgrades.

Square 7, part of M Core, continues its strategic growth in Romania with the launch of M Park Orăștie, a modern and accessible retail destination designed to meet the needs of a growing regional community. Strategically located next to the existing Kaufland, the centre is already under construction and set to open in November...