With the sale of its 51% holding in the Aerozone logistics park to M7 CEREF I in Budapest, CA Immo has completed the strategic withdrawal from the logistics segment that began in 2012. Over the past few years, almost 500,000 sqm of logistical space in total has been sold in Poland, Romania, Hungary and Germany.
CA Immo held a 51% stake in the recently sold Aerozone logistics park in Budapest, which spans approximately 65,000 sqm, through a joint venture with Union Investment Real Estate. The buyer of the logistical property was M7 CEREF I, an M7 managed fund. The parties have agreed not to disclose the purchase price, which is understood to be in the mid-double-digit millions; closing has been confirmed. Law firm CHSH advised the seller in the sale of the Aerozone logistics park.
Photo: MTI / H. Szabó Sándor
According to Frank Nickel, CEO of CA Immo, “We have sold our logistics portfolio to underpin profitable growth in our core business of offices. At the same time we are reducing minority holdings with a view to raising the efficiency of our portfolio management. This largely concludes our programme of non-core sales, which has been in progress since 2012. Alongside logistics, the programme covers the residential segment, smaller office buildings and properties outside of our core cities with a total market value of approximately €1 bn.”
CA Immo is investing the revenue from non-strategic sales in expansion, and particularly the construction of new, modern office properties in Berlin, Munich and Frankfurt.
With the acquisition of 49% minority holdings in one office building in Prague and another in Budapest (finalised in January 2016), the Aerozone logistics park in Budapest became the last remaining property in the C1 portfolio held with joint venture partner Union. The joint venture launched in 2005 was disbanded with the closing of this transaction.
The buyer of the Aerozone logistics park, M7 Real Estate entered the Hungarian market at the end of last year when its CEREF I fund acquired a real estate portfolio from Recovery Zrt., the asset management company for CIB Bank in Hungary. The portfolio consists of two retail centres, the Atom Center in Paks and Csillagvár in Budapest, and the Acélforma industrial hall in Dunaharaszti.
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The Polish branch of Lufthansa Technik AG, a global provider of maintenance, repair and overhaul services for civil aviation, has joined the group of tenants at the Infinity office building in Wrocław. The company has leased over 860 sqm of office space in the building, in the heart of the city on ul. Legnicka. Lufthansa Technik AG will move into its new headquarters in April 2026. The lease was signed for seven years.
New appointments
Romanian developer Redport has appointed Sorin Ioan Blaga as COO. In recent years, Blaga has served as CEO of Liebrecht & wooD Romania, managing real estate developments with a combined value of several hundred million euros, and as COO & Co-CEO of The Concept Group.
From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Zrt. He succeeds Andrea Róna, who had held the position since 2022.
Cushman & Wakefield Echinox has named Gabriel Vințe as Business Development Manager within the Project & Development Services (PDS) department. He will also oversee the business line dedicated to sustainability services. Vințe has over 21 years of experience gained in renowned companies across sectors such as financial services, retail, residential, and consultancy.
Grupo Lar Polska has entered into a strategic joint venture with Lithuania’s Galio Group, marking a new phase in its expansion in the Polish residential market, the company announced on LinkedIn. The partnership combines Grupo Lar’s strong local presence with Galio’s large-scale development expertise, with the goal of delivering around 1,000 modern apartments across prime locations in Poland. Grupo Lar Polska will serve as the managing partner.
Duna House has reached another milestone in its international expansion, making Dubai's property market accessible to Hungarian and Central European clients for both investment and personal purchases.
Solida Capital Group has secured project financing from Santander Bank Polska for the conversion of a centrally located Warsaw office building, the company announced on LinkedIn. The project involves refurbishing and transforming the existing building into a modern 268-room aparthotel, which will be the first Staycity Group-operated property in Poland.
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