CBRE is the first consultancy in Poland to expand its Hotel Investment Department, thus increasing the number of commercial property market sectors serviced. CBRE has for many years now been operating on the hotel market, where the CBRE Hotels business line has been extremely active in Western Europe. Expanding the business in Poland to include this particular sector constitutes a strategic business decision stemming from the growing interest from investors and hotel chain operators.

CP:17 – Global, a U.S.-based non-traded REIT focused on investing in income-producing commercial properties and real estate-related assets, announced that it has completed the sale-leaseback of a cold-storage facility from Greenyard (formerly Greenyard Foods), one of the world’s largest fruit and vegetable suppliers. The 28,700 sqm (309,759 sq ft) facility is located just outside of Warsaw, Poland and was purchased for approximately €32 million. The proceeds from the 20-year triple-net lease will be used to pay down debt associated with the facility. 

Skanska Property Poland has signed an agreement on the rights of perpetual usufruct, a right granting long-term use of real estate, on the land plot near Rondo ONZ in the business centre of Warsaw. Currently, the Ilmet office building is located on this plot. In addition, the company has bought the Warsaw One project, which was designed by the previous owner. In the transaction process the seller was advised by Knight Frank.

Rockcastle Global Real Estate has acquired a retail portfolio totalling 62,000 sqm from Aviva Investors, worth €160 million. Cushman & Wakefield, Hogan Lovells, Arcadis and PwC represented the purchaser, JLL, Dentons and Deloitte advised the seller in the transaction. The portfolio comprises two shopping centres: Focus Mall Zielona Góra and Focus Mall Piotrków Trybunalski. Providing respectively 26,800 sqm and 35,200 sqm, they are the largest shopping galleries in Zielona Góra and Piotrków Trybunalski. 

Prologis has completed the construction of a 22,200 square metre build-to-suit (BTS) facility for Arvato Polska leader in terms of complex outsourcing services at Prologis Park Stryków. CBRE facilitated this transaction. It is the second BTS project Prologis has launched this year at the park, and the third in Central Poland.  In the second quarter, Prologis started the construction of a 42,000 square metre facility for Agata at Piotrków Trybunalski and an 11,740 square metre BTS for German logistics operator Geis.

During the Q1-Q3 2016 period total commercial real estate investment transaction volume reached €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.The outstanding performance of the market was backed by the strong market fundamentals and the growing investor appetite for the high yielding Hungarian assets. Approximately 45% of the volume was generated by the office asset class followed by retail (29%) and logistics (14%). The remaining deals included a mix of hotel assets and properties for redevelopment purposes.

Six companies – Horizon Development, Wing, CBRE, CA Immo, JLL and TriGranit – were presented with Portfolio Property Awards at Property Investment Forum 2016 in Budapest. Portfolio acknowledged the Project of the Year, the Concept of the Year, the Leasing Transaction of the Year and the Investment Transaction of the Year for the seventh time.

Danfoss Power Solutions, a manufacturer and provider of hydraulics solutions, has renewed its lease for more than 20,000 sqm of industrial, office and social space at Hillwood Wrocław I. The tenant was represented in the negotiations by Cushman & Wakefield.

Hammerson plc and its partners in VIA Outlets, APG, Meyer Bergman and Value Retail, have signed an agreement to acquire, subject to regulatory clearance, four outlet centres across Europe. The retail venues, located close to major cities in Germany, Portugal, Spain and Poland, represent total gross asset value of €587 million and a blended net initial yield of 5.5%.  The transaction takes the total size of the VIA Outlets portfolio to €1.1 billion across 10 assets.

Prologis has begun construction of a speculative facility totalling 11,400 square metres at Prologis Park Wrocław V. Scheduled for completion in the second quarter of 2017, the building is already 100-percent pre-leased, just one month after the start of construction.