Deutsche Asset Management, on behalf of its German funds, has acquired three Fashion House shopping outlets in Poland from a fund managed by Peakside Capital. The outlets are located in Warsaw, Gdansk and Sosnowiec.
Built mostly in 2005, the portfolio comprises over 50,000 square meters of retail space, with over 210 different tenants including Nike, Adidas, Puma and 4F. the outlets feature unique themed architecture and substantial car parking facilities, and benefit from prominent positions within their cities, with excellent accessibility and visibility.
In addition, Deutsche AM has appointed PRÔM as the portfolio centre and asset manager. PRÔM is a joint venture of Peakside Capital and ROS Retail Outlet Shopping.
“This transaction allows Peakside to liquidate the 2007 vintage Polonia Property Fund II Ltd, generating attractive returns for our investors. The assets still possess significant value creation potential and we are delighted to remain involved through our joint venture, PRÔM, supporting business continuity,” says Stefan Aumann, Partner at Peakside Capital.
PRÔM will assume full responsibility for centre management from the end of June, following an interim period.
Deutsche Asset Management’s global real estate business currently holds €51.0 billion in assets under management as of 31 March, 2017. The acquisition of the Fashion House Portfolio brings total assets under management in Poland to €1.65 billion.
108 Agency Slovakia has secured a lease of 5,300 sqm for RajHračiek in ANTRACIT Park Senec, a built-to-suit project by HSF. RajHračiek is a fast-growing online store offering a wide selection of toy brands for children.
Contract Administration as a result of the renegotiation of the lease agreement, remains in the premises of the West Forum complex in Wrocław. The Lessor, represented by TFG Asset Management, was supported in the process by the consulting agency Corees Polska.
Uni-logistics, which specializes in sea, rail and air freight forwarding and road transport, has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI in Poland. Real estate advisory firm Cresa Poland assisted the tenant during negotiations.
Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
One Tower, the office building part of One Floreasca City in Bucharest, has received the WELL Health and Safety certification, which highlights the impact of buildings on the health and well-being of occupants.
The Industrial Agency of Colliers Czech Republic received an exclusive mandate from Prologis to find a suitable tenant for the industrial premises in Rudná near Prague. There are currently only eight vacant industrial spaces available ready for immediate occupancy within the area of Greater Prague.
CTP successfully completed another green bond issuance, structured as a dual tranche. CTP raised a total of €1 billion under its recently increased €8 billion EMTN program. The issue included a €500 million five-year tranche, a €500 million ten-year tranche and a concurrent €150 million capped tender offer on the €650 million senior notes due October 2025. Total demand for the issue was around €3.5 billion and the tender offer well exceeded the targeted amount, evidencing and further supporting the solid standing that CTP holds amongst international bond investors less than one year after first entering the market.
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