News - Revetas Capital to buy Bucharest office building from Piraeus Bank
22
May
2018

Revetas Capital to buy Bucharest office building from Piraeus Bank

by Property Forum
Piraeus Bank is about the sell the Landmark office buildings in Central Bucharest to Revetas Capital, ZF has learnt.
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News - Hansainvest to significantly expand logistics portfolio
22
May
2018

Hansainvest to significantly expand logistics portfolio

by Property Forum
Hansainvest Real Assets GmbH intends to significantly expand its logistics property portfolio. Logistics assets with a volume of €200-300 million will be acquired by the end of 2019. The acquisitions will be concentrated on the core markets of Germany, Benelux and the United Kingdom. Selected properties may also be acquired in France, the Nordics, Spain and Poland. A total of between six and eight properties will be acquired.
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News - New areas rise on Prague’s office market
22
May
2018

New areas rise on Prague’s office market

by Property Forum
Whilst Prague 4 is the largest market, over the next two years, most of the new supply will be delivered to Prague 8. In perspective, it could overtake Prague 1 by market share and become the third largest office submarket in the capital. In 2018 and 2019, almost 27% of new offices that are currently under construction will be completed in Prague 8. The largest of the planned projects is Palmovka Open Park, thanks to which office space in Prague 8 will expand by almost 25,000 sqm at the end of Q2 2018. Regarding the intensity of construction, Prague 4 is in second place with 22% of the offices under construction. The third place belongs to Prague 5, where 19% of new construction will be completed.
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News - JLL and Warsaw city hall take on high streets in the capital
22
May
2018

JLL and Warsaw city hall take on high streets in the capital

by Property Forum
JLL and the city of Warsaw will begin a cooperation to establish a development strategy for downtown trade, highlighting places with the greatest potential for creating new shopping locations as well as increasing the attractiveness of high streets for both potential tenants and customers. JLL already has a similar experience in this field - experts from the company are responsible for management of the Regent Street in London.
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News - Meyer Bergman puts Ostrava shopping centre on sale
22
May
2018

Meyer Bergman puts Ostrava shopping centre on sale

by Property Forum
Owners Meyer Bergman and Healthcare of Ontario Pension Plan have put Ostrava’s Forum Nová Karolina shopping centre on sale, Hospodářské noviny reports.
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News - New commercial districts start to take shape in Łódź
22
May
2018

New commercial districts start to take shape in Łódź

by Property Forum
In terms of size, Łódź is currently the sixth largest regional office market in Poland. Investors are attracted by the city's extensive pool of specialists and an increasingly strong business brand. Experts from JLL indicate that the increasing maturity of the Łódź office market is contributing to the development of state-of-the-art office clusters in the city.
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News - Globalworth issues new corporate bonds worth €500 million
22
May
2018

Globalworth issues new corporate bonds worth €500 million

by Property Forum
Globalworth Real Estate Investment Limited in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, announced the second admission to trading on the Bucharest Stock Exchange (BVB) of the corporate bonds issued by the company, with a total value of €550 million.
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News - NEPI Rockcastle to spend €3.5 million on Mega Mall food court
22
May
2018

NEPI Rockcastle to spend €3.5 million on Mega Mall food court

by Property Forum
NEPI Rockcastle is investing €3.5 million in refurbishing the food court and entertainment area in Bucharest's Mega Mall shopping centre. The project, designed by Corvin Cristian Studio, targets an area of 10,000 square meters.
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News - MLP Group launches city logistics project
22
May
2018

MLP Group launches city logistics project

by Property Forum
MLP Group launches construction of a city logistics type warehouses with module areas of 1600 and 3200 square meters in Dąbrówka near Poznań. In total, more than 86,700 square meters is available for the lessees, out of which 10,000 square meters will be built this year as speculative space. The project is developed on the site of the MLP Poznań West park, which is located near the S11 road, A2 highway, next to the newly-opened S5 road and in a very close vicinity of the Airport.
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News - Bucharest office complex sold to Lion’s Head Investments
22
May
2018

Bucharest office complex sold to Lion’s Head Investments

by Property Forum
Real estate developer Portland Trust and investment fund Ares Management have sold the Oregon Park office complex in Bucharest to Lion’s Head Investments, a joint-venture between South African investment fund Old Mutual Property and AG Capital, for an undisclosed sum.
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Latest news


New leases

  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
  • Piața 9 will open its first Bakery P9 location in Bucharest, on a 200 sqm area located on the ground floor of Victoria Center office building. The deal was brokered by Colliers.
  • A new KIKO MILANO store has opened at the Nový Smíchov shopping centre in Prague, as part of a lease transaction brokered by Cushman & Wakefield.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.

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