Israel-based international hotel chain Fattal Holdings has acquired hotels in Budapest and Bucharest, increasing the chain's portfolio to 225 hotels.

Adventum International, a Malta based boutique investment fund manager, has acquired the 17,500 sqm office building Katowice Business Point in the administrative capital of the Silesia voivodeship. 

Tritax Eurobox plc, which invests in Continental European logistics real estate assets, has acquired two recently developed prime logistics properties and development land, positioned in the core logistics location of Strykow, near Łódź in central Poland for €51.8 million (phase I) with the potential to invest a further €15.0 million developing the adjacent phase II land. The corporate acquisition reflects a net initial yield of 6.1% (net of acquisition costs to the company) and has the potential to add value through the letting of vacant units and development of the land.

Panattoni has launched the construction of 25,000 sqm at Panattoni Park Legnica, out of 90,000 sqm planned. The first facility will accommodate the Polish production site of global e-commerce company Spreadshirt Group. Already in August 2020, the company will be taking up in excess of 11,000 sqm of production and warehouse space at the upcoming facility. The lease was mediated by JLL.

CPI Property Group continued to purchase Globalworth shares throughout the week. Following the recently executed transactions and an acquisition announced last week, CPI Property Group now holds 29.4% of the company’s voting rights.  

Atenor announced that the final building permit for the Dacia One project has been obtained. Dacia One is located on the crossing between two of Bucharest most prestigious boulevards, Calea Victoriei and Bulevardul Dacia. The project includes two separate buildings consisting of a historic listed villa (1,500 sqm) formerly occupied by the German Legation and a new state-of-the-art Class A office building (13,500 sqm).

7R has finalized the sale of the 7R City Flex Łódź I warehouse located in Łódź, Poland to SELP (Segro European Logistics Partnership). This is the third 7R project, following 7R City Flex Łódź II and 7R Park Wrocław, to join the Polish portfolio managed by Segro.

Last year brought yet another record on the Polish investment market. Throughout 2019, the total transaction volume amounted to €7.8 billion which is higher 2018’s figure of €7.2 billion). Thus, Poland has once again proved that it is an attractive and increasingly more liquid market, according to Avison Young’s latest investment market report.

At the end of 2019, Poland’s total industrial stock topped 18.6 million sqm, with warehouse supply hitting a record high of 2.72 million sqm in the past 12 months. Compared to the previous year, warehouse space availability improved significantly on most of the nation’s regional markets. Cushman & Wakefield presents a summary of the Polish industrial market.

Prologis has been named the top real estate company on the 2020 Global 100 Most Sustainable Corporations in the World List. This annual ranking of corporate sustainability performance also put Prologis at #6 among U.S. companies and #26 overall. The announcement was made at the World Economic Forum in Davos, Switzerland.