Justyna Kędzierska-Klukowska, Head of the Warsaw office at Berlin Hyp AG, talked to Property Forum about the current availability of financing and the conditions of the Polish real estate investment market.

CPI Property Group executed €731 million of disposals during the first three quarters of 2023. During the period, the Group has also signed multiple secured bank loans and continued to raise senior unsecured debt, contributing to a total of almost €1.2 billion in new external financing year to date.

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm. The transaction of the centrally located and well communicated mixed use office building with an asset value of €26.5 million to buyer Atlantic Grupa d.d. was carried out by way of a share deal.

Technology is capable of extending offices’ lifespans and reducing the necessity for extensive renovations. However, due to economic and geopolitical events, investors are more restrained, Colliers reports.

Real estate developer Atenor has concluded a share capital increase of €181.5 million and it has reached €257.5 million following the completion of this operation.

Apart from the Northeastern part of Hungary, home of many developments of Infogroup, Southern counties also have huge industrial potential which should be materialised, says Ádám Székely, Managing Director of Infogroup. Property Forum asked him about the ways and risks of warehouse and logistics developments in the country.

A number of branded residential schemes increased by over 160 percent in the last ten years. The residential sector became attractive even for prestigious "brands" from non-residential sectors such as Versace, Fendi, Armani or Tonino Lamborghini and they have also expanded their presence into this segment across major cities around the globe. Nevertheless, the concept of branded residences is not present in the Czech Republic yet, says a Savills report. 

CPI Property Group (CPIPG) announced the signing of an agreement concerning the disposal of the ski resort business in Crans Montana in Switzerland. It is a binding agreement for the sale of part of the shares to an American mountain resort company Vail Resorts. The gross transaction value is more than CHF 100 million (€105 million).

Signa, one of the largest real estate holdings in Austria, said it would file for insolvency on Thursday in Vienna, after one of its subsidiaries took a similar step earlier in Germany.

The global provider of logistics and relocation services has renewed its lease for space at the MLP Pruszków II logistics park for another term. Universal Express moved into the logistics centre almost a decade ago, and now occupies 13,600 sqm of modern space.