Accolade and Aareal Bank have closed a refinancing deal, with a total value of €54 million (CZK 1.4 billion) for four Polish parks: in Bydgoszcz, Białystok, Mińsk Mazowiecki and Legnica. This is a sequel to their previous transaction, concluded last year, whose value amounted to €153 million (CZK 4 billion). Apart from increasing portfolio profitability, the refinancing is also to support the execution of Accolade’s strategy that aims to develop modern business in Europe.

Panattoni has become the first developer in the sector to introduce BREEAM certification at the ‘Excellent’ level as the standard for all its new facilities. To date, Panattoni has built 5,7 million sqm of space that has qualified for green certificates and tops the rankings for sustainable industrial construction. This includes the first BREEAM ‘Excellent’ certificate in the Polish industrial sector – for Panattoni Park Sosnowiec I – to add to having developed the most sustainable industrial building in Europe: Panattoni Park Cheb in the Czech Republic, which has an ‘Outstanding’ rating.

Private campuses are becoming an increasingly popular option for students across Romania, and they are looking for accommodation facilities that protect their health, according to representatives of Genesis Property, the owner of West Gate Studios campus and the 4-star Studio One Accommodation Suites. 

Etele Plaza is going to open its doors to the public at 10 AM on September 17, 2021. Budapest’s latest shopping and entertainment centre located in the immediate vicinity of Etele square, Kelenföld will offer a range of stores and services. Futureal’s €300 million development is also the first smart shopping centre in Hungary.

Panattoni will construct a robotic fulfilment centre for Amazon on a brownfield site, formerly used for a sugar factory settling tanks, near Kojetín in the Přerov region. It will be the first fully-fledged multi-storey logistics building with state-of-the-art technological equipment in the Czech Republic. The zone was developed by the Accolade Group, which is also the investor and owner of the industrial park.

Hagag Development Europe says it has received the completion certificate for its residential project H Victoriei 139 in central Bucharest. 

Property developer Zacaria says it will start residential investments in three Romanian cities after it partially sold its local industrial portfolio to CTP.

Czech investment group RSBC is acquiring an office building in Prague's Michle district from CPI Property Group. The building, located next to the BB Centrum complex, houses the headquarters of energy company ČEZ, business daily Hospodářské noviny reports.

Residential developer Apx Immo has taken over a land plot of 830 sqm in Cotroceni area from ICD Real Estate for €1.3 million. 

EPP delivered a solid performance for the first six months of 2021 in line with expectations. Both EPP’s distributable earnings increased by 54% to €33.2 million, compared to H1 2020. EPP’s net asset value per share increased by 3% to €1.12. A swift operational recovery following lockdowns and the progress made in Poland’s COVID-19 vaccination programme, low infection rates, a resilient economy, and high employment levels all support EPP’s robust performance and bode well for the future.