Czech investor Zeitgeist Asset Management announced a new investment on the housing market in Poland. The planned residential asset at ul. Wrzesińska 2, will expand the company’s offer of rental housing. JLL experts advised the investor on the purchase of the property.

Colosseum Centre, located in North-West Bucharest has secured with Credit Europe Bank the funding required to develop the current stage of expansion, that is the shopping mall, with fashion, leisure and food brands. JLL Romania has advised the developer in obtaining the funding.

M7 Real Estate announcesd the sale of Aerozone Logistics Park in Budapest, Hungary, to a South African investor, JTRoss Group on behalf of M7 Central European Real Estate Fund I (M7 CEREF I).

In the first half of the year, developers delivered 215,000 sqm of new retail space in Poland, with six international brands making their debuts in the country. JLL summarised conditions on Poland's retail market at the end of H1 2019.

Local investment fund Trigea has acquired the Louvre office building in Prague 5. The property has around 4,600 sqm of leasable space with tenants including Swiss rail carriage manufacturer Stadler, Lukoil Accounting and Finance Europe and health insurance company VZP.

Czech investment group Accolade aims for the Slovak market. Investment in two logistic halls near Košice airport will open Accolade´s fourth market. Thanks to the strategic location, tenants will have good access not only to the east of Slovakia but also to Hungary, Poland, and Ukraine. The halls will cover the area of 36 000 sqm from the total disposable area of 75 000 sqm. The total value of the buildings is CZK 750 million.

AFI Europe signed a non-binding letter of intent for the acquisition of NEPI Rockcastle’s office portfolio in Romania, with a total built area of approx. 170,000 square meters. AFI Europe will have exclusivity to conduct a due diligence in respect of the Class A office buildings with a total value of approx. €310 million.  

Colliers International Romania has been assigned to provide property management services for Business Garden Bucharest, the newest office complex developed by Vastint Romania, in the Orhideea area in Bucharest. As a result, Colliers reaches a managed portfolio of over 400,000 sqm and strengthens its property management activity for offices in the Capital’s Center-West area.

In the first half of this year, MLP Group signed 22 lease contracts for a total of 217,000 sqm of warehouse space in Poland, Germany and Romania. This is more than double the previous year’s figure, of just over 100,000 sqm.

AFI Europe has signed a pre-sale agreement with Plaza Centers N.V. for the acquisition of 75% of the shares in the Casa Radio Project, for the price of €60 million.