This is the seventh investment of the group in Poland. The 212 meters high landmark building is one of the best-known towers across the country.

The aquisition aims to strengthen the position of the group in retail and office market and is subject to approval by Hungarian Competition Authority.

Property group Immofinanz has presented its new residential brand On Top Living during MIPIM, the biggest real estate fair held in Cannes. The company plans to develop up to 12,000 smart and sustainable apartments at affordable prices in the medium term. 

Revetas Capital has launched a sustainable logistics platform targeting key transport routes and hubs throughout Europe. The first acquisition is a multi-phased, sustainably developed logistics park which will offer 55,000 sqm GLA within an established location east of Kraków, Poland. The investment entails the development of a prime industrial/logistics park that aims to achieve BREEAM “Excellent” rating within one of the most sought-after logistics sub-markets along the “A4 corridor”. This transaction marks Revetas’ entrance onto the logistics market in Poland, a country where the firm has been active for more than ten years in the mixed-use, office, retail and residential sectors.

Local developer Lucron has sold an entire residential building to an institutional investor for the first time. Part of the Arboria Apartments project implemented in Trnava, Slovakia, the building with 51 apartments was purchased by Kooperativa poistovňa, a.s. Vienna Insurance Group, which plans to lease it on a long-term basis.

JRD Development, a member of the JRD Group, has completed the construction of the energy-efficient Rezidence Michelangelova project in Prague 10. The architecturally distinctive building with 29 apartments is complemented by two commercial spaces and a small park with a playground and gazebo. The project, in which the developer tested a new type of air duct to increase acoustic comfort, is completely sold out, JRD Development announced.

Hines and Kajima have announced the conclusion of an agreement to pursue development projects in Poland in the private rental housing sector (PRS).

Panattoni Park Koluszki, with a target area of ​​39,800 sqm, is now 60% leased. In September this year, more than 13,500 sqm will be occupied by international auto parts supplier Kamoka. The tenant was represented by Axi Immo in the selection process for the location and negotiating the contract.

Property investments in Romania totaled €919.4 million during 2021, with Austrian investment dominating the rank among foreign players closing deals on the local market. Last year, Austrian investors bought office and retail spaces with a combined value of €323 million. Czech and Hungarian property players had shares of €173 million and €150 million, respectively, according to a report by real estate consultancy Fortim, a member of BNP Paribas Real Estate Alliance. 

Czech real estate fund Investika has announced its second acquisition this year. After a set of three residential properties in the Czech Republic and Spain, it has now acquired a manufacturing and logistics complex near Wroclaw, Poland. The value of the transaction amounts to approximately CZK 1 billion, the company announced.