In a statement, the Management Board and Supervisory Board of S Immo have clearly expressed their opposition to the takeover offer by Immofinanz published in mid-May 2021.

Palača Pošta, a unique high street commercial building in Ljubljana, Slovenia has become available for rent. The owner, Pošta Slovenije, who has been the sole user of the building until now, has retained KF Finance, to act as their exclusive real estate broker for leasing. KF Finance is the leading financial advisory company in the region, with a team of 50 finance professionals in offices in Ljubljana, Zagreb and Belgrade, offering clients a comprehensive range of financial advisory services.

VGP has signed two lease agreements with OKAY, the Czech electronics and furniture retailer. The company has leased more than 50,000 sqm of warehouse space in VGP parks Vyškov and Prostějov. The new hall in Vyškov is already under construction and will be handed over in September this year, at which point the park will reach 100% occupancy. The building in Prostějov will be ready for use from January 2022. Both projects are being carried out under BREEAM Sustainable certification, level Very Good.

South African investor MAS Real Estate has entered into to sell an office building in Scotland to Union Investment for €91 million. The company also agreed to sell a piece of development land in East Sussex for €20.8 million. MAS Real Estate wants to sell all of its remaining Western European assets and reinvest the proceeds in Central & Eastern Europe.  

Romanian real estate developer Iulius says it will invest around €35 million in the infrastructure and urban mobility features for its Palas Campus project in Iași. The mixed-use project will feature 54,000 sqm of office spaces targeting tech companies and 6,000 sqm of retail spaces.

GLP closed the acquisition of Goodman Group’s CEE portfolio less than a year ago. With the integration complete, the company is developing a number of large-scale projects. Błażej Ciesielczak, the CEO of GLP Central and Eastern Europe talked to Property Forum about the growth of the logistics market and shared the company’s expansion strategy for the region.

AFI Europe has completed the €66.5 million acquisition of the Avenir Business Park in Prague 5 from Tristan Capital Partners. The office complex, offering more than 25,600 sqm of premium office space, is close to 100% occupancy. Long-term tenants include companies such as ČSOB (belongs to the KBC Group), ING, Porsche, McDonald's, Conduent, Dermacol, Simac Technik and Coloplast.

Radisson Hotel Group announced the relaunch and repositioning of Radisson Blu Hotel Bucharest, following a major capital investment to transform the hotel’s lobby and garden area, as well as increase the hotel’s room inventory by more than 600 rooms.

Czech real estate fund Trigea bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group, an international real estate group, in one of the largest real estate transactions performed this year on the local market.

REICO has launched a new real estate fund. REICO ČS Long Lease is a special mutual fund focused mainly on retail clients. Its main investment criterion is buildings with leases secured for at least 10 years, in the logistics, manufacturing, retail and office sectors. The fund is intended as a complement to the investment portfolio mainly to conservative to medium-risk clients who want to increase the return of their real estate component.