Savills Investment Management (Savills IM) transacted more than €2.5 billion globally in 2020, including c. €2.1 billion in Europe and c. €2457 million in Asia. Globally, transactions included nearly €1.7 billion of acquisitions and €833 million of disposals, resulting in a net investment of €842 million. The firm now manages approximately €21.2 billion (over USD 25 billion) in assets under management (AuM), a company record.
Vastint Poland has sold the Brama Portowa office building complex in Szczecin. The new owner is FLE SICAV FIS managed by FLE GmbH from Vienna. The price has not been disclosed. Vastint was supported in the sale process by experts from Knight Frank’s Capital Markets department.
On behalf of a German client, JLL’s Industrial Agency and Capital Markets Teams cooperated to sell the real estate component for a unique medical production operation in the Central Bohemian region of the Czech Republic in a 10-year sale & leaseback transaction. The asset also includes over 10,000 sqm of land with development potential.
The total volume invested in real estate assets in Romania reached €914 million in 2020, a 28% increase compared 2019, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox.
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.
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.
Skanska has sold the Parkview office building in Prague to Deka Immobilien for €77 million. This is the second transaction between both parties in the last twelve months, which follows the acquisition of Generation Park Z in Warsaw last year.
The end of 2020 saw the completion of an investment transaction that will enable the future development of one of the largest logistics parks in the Czech Republic on the extensive land surrounding the D5 motorway near Pilsen. CBRE prepared and managed the disposal process on behalf of the Icelandic asset manager Kaupthing. CBRE in addition to advising on the sale, also assisted with land due diligence, feasibility study and provided technical advisory. The new owner of the land is retail chain Lidl.
The Negoiță family, which also includes the mayor of sector 3 of Bucharest, bought a land of over 10 hectares of the former Tubinox pipe factory from the Indian steel group Viraj, Profit.ro informs.
COS – Corporate Office Solutions Romania leased 4,000 sqm in Miro Office Bucharest, developed by Speedwell. A co-working space will be organised in the newly rented space.
108 Agency Slovakia has secured the lease of 510 sqm for our client Goldman Systems. Their new premises will take place in River Park Bratislava.
108 Agency has mediated a 9,000 sqm lease extension for global logistics company Expeditors at SEGRO Logistics Park Prague.
New appointments
Michał Baranowski joined the tenant representation team at the Office Agency of BNP Paribas Real Estate Poland. Michał has over 15 years of experience working for some of the largest Polish and international office furniture manufacturers.
Alexander Rafajlovič has joined CA Immo as Head of Market Research & Data Analytics. Based in Prague, he and his team will be responsible for coordinating, structuring, and analyzing all macro and market-related data across the region, as well as tracking, analysing and interpreting trends affecting CA Immo’s business, both for future investment and development opportunities, as well as the existing portfolio. He previously worked as Partner in Cushman & Wakefield’s CEE Capital Markets team.
Tomasz Czuba has joined the Management Board of JLL Poland and has been appointed Head of Office Agency and Tenant Representation.
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