October 30, 2025

PPD Extends Lease with Genesis Property

On July 15, 2021, Genesis Property has announced it extended its lease agreement for offices in the West Gate Business District with the American clinical trials company PPD for another five years.

According to Genesis Property, this is the third consecutive extension of PPD’s lease, with the company being one of the oldest occupants of the office park, having been there since 2008.

“PPD is the second tenant that has decided to extend their stay in our offices,” commented Genesis Property President Liviu Tudor. “It is a sign of the trust that our partners place in our long-term relationship as well as in their long-term plans.”

Get the memo – every week

Essential real estate market updates, straight to your inbox.

PPF Real Estate Secures Merger Clearance for Diplomat Hotel Acquisition

PPF Real Estate Group has acquired Diplomat Prague RE, the owner of the four-star, full-service Diplomat Prague hotel, from Lombard Real Estate.

Develia and PFI Global Enter Joint Venture for Wroclaw Development

Develia and PFI Global have entered a joint venture for a multi-stage project to develop and commercialize residential and commercial units totaling approximately 29,191 square meters of usable area on Lotnicza Street in Wroclaw. 

Hinitsa Bay Four Seasons Resort Secures Financing from CrediaBank

CrediaBank has provided financing for the reconstruction, development, and refurbishment of a luxury resort in Porto Heli, Argolida, to be operated by Four Seasons.