Garbe Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume (GAV) of around €800 million. The Garbe European Residential Fund (Garbe EUResi) invests in real estate developments and selectively also in properties undergoing energy rehabilitation. The investment strategy follows a "boots on the ground" approach: the fund only invests in locations where Garbe can act as a local investor through a local presence. The fund’s launch is a milestone in Garbe Institutional Capital’s move to expand into a European residential real estate platform. Garbe EUResi has already received equity commitments of €82.5 million.

Asking prices for apartments in Romania were up 2.7% at the start of January compared to last month, to €1,551 per sqm, with Cluj-Napoca leading the growth trend, according to real estate platform Imobiliare.ro.

MVGM has been appointed by Hansainvest Real Assets to manage 44,000 sqm of space in two logistics centres: Panattoni Park City Logistics II Wrocław and Panattoni Park Poznań X.

Ukrainian real estate investment fund Focus Estate Fund has acquired the Turawa Park shopping center in Opole, Poland from international investment management group abrdn for an undisclosed sum. Turawa Park with a total area of 35,138 sqm is the fourth asset of the Fund’s portfolio in Poland.

Property developer Atenor got €50 million from the sale of Dacia One office project in Bucharest to Pavăl Holding, in a deal brokered by real estate consultancy Colliers. 

Property developer GTC has received LEED Gold certification for the Cascade Office Building located in central Bucharest. 

Property Forum is looking for a part-time editor covering the Czech and Slovak real estate markets to help expand its CEE intelligence platform. 

Romanian developer Euro Vial has purchased at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a deal worth €1.5 million. 

CTP’s founder Remon Vos has been listed as the second wealthiest Dutch person on the annual Quote 500 list with an estimated net worth of €5.7 billion, just behind Heineken heiress Charlene de Carvalho-Heineken. The story of CTP, a company with a market cap of €7.7 billion, is a prime example of how tapping into CEE’s untapped potential helped create a dynamic real estate empire.

Realpad, a European provider of CRM and after-sales management software for residential developers, has significantly increased its customer base in Romania in 2021. After entering the market earlier in 2021, the Romanian team of Realpad has managed to close 20 clients including well-established market players such as Hagag Development Europe, Bog’Art, Synergy, Liebrecht & wooD or leading residential agency SVN Romania.