Carrefour Romania renewed its leasing contract with P3 for approximately 85,000 sqm in P3 Bucharest A1, making it one of the largest deals on the local logistics market. CBRE Romania assisted P3 in this deal. 

Wing completed the development of the revitalised Gizella Loft office building, in the heart of Zugló, in fall 2020. The building offers 8,500 sqm of office space. Its redevelopment has transformed it into a Class A, people-oriented and cost-efficient space ready to welcome future tenants. The main tenant which had already occupied the building, TÜV Rheinland Intercert Kft., committed itself to the Gizella Loft in 2019, and in September 2020 took occupancy of the space designed according to its needs.

Polish logistics company Uniq Logistic has become a tenant at another MLP Group park. The company will take up a total of over 17,000 sqm of space and will operate from two key locations in Pruszków and Łódź starting from the second quarter of 2021. Axi Immo supported the Group in the transaction.

With a loan amount of €82.2 million, Helaba is financing the acquisition of the prime office property Lixa in Warsaw. The first stage of the investment was purchased by Hana Investment Co. Ltd., a South Korean consortium represented by Commerz Real. The loan term is for five years and Helaba is acting as sole underwriter for the transaction.

Slovenia-based investor ALFI Real Estate fund has completed the acquisition of a new retail park based in Poreč, Croatia (Galerija Poreč). The property with roughly 8,500 sqm was purchased from specialist Austrian investor MID Group. The retail park is strategically positioned in a new shopping zone near a McDonald’s restaurant and has an attractive tenant mix with everyday convenience items.

M7 Real Estate has acquired a modern, multi-tenanted office property in Budapest, Hungary, for €12.35 million. The company has also agreed a €56.7 million loan facility on a five-year term for the Fund with Erste Group, one of the largest financial services providers in Central and Eastern Europe, establishing a new banking relationship in the region.

Panattoni has bought an 8.2-hectare site in the Annopol neighbourhood of Warsaw to develop City Logistics Warsaw IV, featuring approx. 40,000 sqm. The facility’s location, next to the S8 route, will ensure efficient domestic and international transport. There will also be a tram terminal in the direct vicinity of the building. City Logistics Warsaw IV is the sixth project of this formula in Warsaw.

Skanska has signed a lease agreement with Polish e-commerce platform Allegro for about 26,000 sqm of office space and 177 parking lots in the third office building in the Nowy Rynek mixed-use project in Poznań, Poland. The tenant will move in in Q2 2021. With this lease, the building is now 87% occupied.

2020 is expected to be a year of recovery, but many uncertainties remain, like those related to the vaccines’ ability to return everyday life back to normal or to potential jitters about the monetary policy at the major central banks’, which would have deep ramifications globally, Colliers International consultants predict.

Savills top picks for value-add investors this year are logistics developments in undersupplied markets such as the Nordics and Spain, short-term income sectors such as flexible offices and student housing, which are likely to recover in the second half of this year, and multifamily developments in markets with rising demand for rental such as Southern and Eastern Europe.