ARTICLES IN Investment TOPIC

21
Jul
2017

Echo Investment sells Wrocław office building

by Ákos Budai
Warburg-HIH Invest Real Estate, a German based real estate investment manager, will acquire the Sagittarius Business House office scheme in Wrocław on behalf of an individual fund it manages for an institutional investor. The property is under construction and its completion is expected in Q1 2018.
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19
Jul
2017

Mint Investments acquires Prague business centre

by Ákos Budai
Mint Investments, a Central European real estate investment & asset manager acquired the International Business Center (IBC) in Prague on behalf of a syndicate of private investors. The buyer was AEW Europe, a multi-national real estate asset manager, with over €60 billion of assets under management. AEW was advised by CBRE, Havel, Holásek & Partners and Mazars. Mint Investments were advised by Mareš Partners and EY.
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19
Jul
2017

HB Reavis Group completes largest bond issue to date

by Ákos Budai
HB Reavis has completed the issue of a new series of its PLN 500 million bond programme established for the Polish market, raising €51.9 million (PLN 220 million). This latest issue represents not only the largest tranche in the history of the HB Reavis Group but also the largest bond issue achieved by a commercial real estate developer in Poland this year.
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18
Jul
2017

Colliers arranges off-market sale of two industrial properties

by Ákos Budai
Colliers International has announced the off-market sale of two industrial properties in the Czech Republic by Red Group for a total consideration of almost  CZK 1 billion, in yet another sign of the growing attractiveness of Czech industrial real estate to investors.
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14
Jul
2017

EPP acquires shopping mall in Inowrocław for €55 million

by Ákos Budai
Echo Polska Properties NV (EPP) has finalised another acquisition – a takeover of Galeria Solna in Inowrocław from a company owned by Libra Project and Acteeum Group. The value of the deal was €55.4 million.
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10
Jul
2017

TREI Real Estate exits from its Hungarian investments

by Ákos Budai
TREI Real Estate, the property estate arm of the German Tengelmann Group, successfully sold a portfolio of 40 Spar leased supermarkets in Hungary to Erste Asset Management. 
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06
Jul
2017

Mitiska REIM acquires 11 Romanian retail parks

by Ákos Budai
Mitiska REIM has announced a further strengthening of its footprint in the Romanian market with the successful acquisition of the Alpha Property Development portfolio. The acquisition of the portfolio consisting of 11 income producing retail parks and 3 development opportunities was made on behalf of Mitiska REIM’s institutional fund, First Retail International 2 (FRI 2). 
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04
Jul
2017

US-controlled fund acquires 11 properties in Poland

by Ákos Budai
Octava FIZAN has finalised the acquisition of 11 properties through the purchase of 30 entities owned by the BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation. The new owner of the portfolio was represented by real estate advisor Savills.
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03
Jul
2017

Globalworth buys third Green Court Bucharest building

by Ákos Budai
Globalworth Real Estate Investments has acquired Building C of the Green Court Bucharest campus developed by Skanska. The gross transaction value is approximately €38 million and the acquisition is expected to close in Q3 2017.
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30
Jun
2017

EPP to become a pure retail property fund

by Ákos Budai
Echo Polska Properties NV announced results Q1 2017 with distributable earnings 3.2% ahead of budget at €16 million. At period end the portfolio was valued at €1.5 billion with a portfolio of 10 retail and nine office properties and two Warsaw-based retail development sites.
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Latest news


New leases

  • Almost 5 000 sqm of office space in Skyliner, Karimpol`s investment in Warsaw will be occupied by new tenants – DXC Technology and Luxoft. Both companies are operating in the field of IT services.
  • IT company Precisely has 1,000 sqm with 90 workspaces on the third floor of Cavatina Hall A in Bielsko-Biała. Knight Frank advised the tenant during the negotiations.
  • Brain Park, an office complex developed by Echo Investment will become the new headquarters of PepsiCo GBS Kraków. The tenant will occupy over 5,000 sqm and start operating in the new office in the fourth quarter of 2022.

New appointments

  • Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
  • Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
  • Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.


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