11
Dec
2020
Dec
2020
Cromwell to acquire €113.2 million logistics portfolio in CEE
Cromwell EREIT Management Pte. Ltd., the manager of Cromwell European Real Estate Investment Trust announced that it will be acquiring a portfolio comprising 11 logistics and light industrial properties in the Czech Republic and Slovakia for an aggregate purchase price of €113.2 million, on a net operating income yield of 6.7%. The seller is Arete Invest, acting on behalf of its sub-fund Arete Invest Podfond CEE II
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11
Dec
2020
Dec
2020
More offices available for subleasing
As was the case in the global financial crisis, the number of companies looking for cost savings continues to grow, with some deciding to sublease their offices.
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11
Dec
2020
Dec
2020
Globalworth takes on the management of WTT
Warsaw Trade Tower, one of the tallest skyscrapers in the Polish capital is now being managed by its owner, Globalworth.
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11
Dec
2020
Dec
2020
Are conversions the future of commercial real estate?
The new direction of investing is clearly visible in the commercial real estate sector. Changes in the purpose of investments and building conversions are also on the increase.
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11
Dec
2020
Dec
2020
BNP Paribas REIM launches European property climate fund
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has successfully launched the first property fund that sets out to be compliant with the 2015 Paris Agreement, a landmark agreement that brought nations together to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.
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11
Dec
2020
Dec
2020
Local developer completes mixed-use project in Cluj-Napoca
The final stage of the Cluj Business Campus mixed-use project in Cluj-Napoca has been completed following a €27 million investment. The project comprises over 30,000 sqm of Class A office space and apartments.
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10
Dec
2020
Dec
2020
Accolade secures €85 million refinancing from Česká spořitelna
Accolade Industrial Fund has secured an €85 million refinancing loan from Česká spořitelna for its Czech industrial portfolio. At the same time, the Fund responds to growing interest from qualified investors and following its debut in the domestic Czech market, it’s opening a distribution network in neighbouring Slovakia, together with Slovenská sporiteľňa.
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10
Dec
2020
Dec
2020
Gen Zers count on development and good atmosphere
Almost 70% of Gen Zers dream of a good atmosphere at work and being able to hone their skills, reveals "Gen Z: A Workplace of the Leaders of the Future", a report from Cushman & Wakefield.
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10
Dec
2020
Dec
2020
P3 buys plots in Warsaw for last-mile logistics
P3, the long-term owner and developer of warehouse facilities in Europe, expands its portfolio by two urban plots located within the Warsaw agglomeration, on which P3 Warsaw I and P3 Warsaw II parks will be built. Thus, urban logistics is yet another direction of the developer's intensive activities undertaken in Poland.
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10
Dec
2020
Dec
2020
Hagag starts construction on Bucharest resi project
Real estate developer Hagag Development Europe started construction works for its residential project H Eliade 9 Residence. The development budget amounts €16 million. 40% of the available units have been already sold in the pre-construction phase.
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Latest news
- AXI IMMO sees investor return to Polish real estate
- 55% of employees feel tired or overworked daily or several times a week
- Oded Rahamim returns to GTC as group CFO
- CA Immo sells Czech property platform
- Mondo Development takes over management of Nexus in Bucharest
- BuildGreen secures BREEAM Excellent for 982 flats in Bucharest
- Cavatina accelerates residential growth while keeping offices at its core
- One United Properties appoints Cătălin Jalobă as CFO
- North-East Romania looks to turn potential into investment
- LemonTree breaks ground on logistics complex near Kraków
New leases
- Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
