Swedish investor Niam has sold the Axis and Kapelanka 42A office buildings in Kraków to Corum. The value of the transaction remains undisclosed.

S Immo AG announced today that a partial takeover offer shall be launched to the shareholders of Immofinanz AG. The decision to make the partial offer is made after the anticipatory mandatory takeover offer announced by CPI Property Group on 3 December 2021. S Immo does not consider the price offered in the mandatory offer attractive.

Hungary-based real estate developer Futureal announced the launch of Futureal Investment Partners, a real estate investment and asset management business that will focus on value-add and opportunistic investments across Europe.

Chariot Group, an investment platform managed by Griffin Real Estate on behalf of an investment consortium, has sold the M1 Marki shopping centre to Redefine Europe – a wholly-owned subsidiary of Redefine Properties Limited, a Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange. The value of the deal remains undisclosed. 

Property developer Redport Capital and furniture retailer Mobexpert have jointly purchased a land plot of 44,000 sqm in northern Bucharest in a bid to support new residential investments. 

CPI Property Group has announced an anticipatory mandatory takeover offer for all outstanding shares of Immofinanz AG. Shareholders are to be offered €21.20 in cash per Immofinanz share. Immofinanz said that it will review the offer in detail and will comment on it in due course in accordance with the Austrian Takeover Act.

Focus Estate Fund has finalized the deal on the sale of two of its retail properties in the Czech Republic to investment group DRFG – Centro Ostrava Retail Park (7 699 sqm GLA) in Ostrava and Most Retail Park (6 471 sqm GLA) in Most. The Fund acquired these assets in 2016 and 2017, respectively. As of the date of the transaction, both properties were 100% leased.

Trei Real Estate just borrowed €27.5 million in its first financing arrangement with a Polish bank. The lending bank is “Bank Polska Kasa Opieki Spólka Akcyjna” (“Pekao”). Collateral for the loan was provided in the form of seven Vendo Parks in Poland, all of which were completed during the past twelve months. The loan has a five-year maturity. The debt capital is earmarked for further residential developments and the construction of additional Vendo Parks in Poland.

Property developer AFI Europe has taken over two plots of land in northern Bucharest, in a deal worth €12 million, for the development of its first build-to-rent residential project. 

Savills Investment Management has published its latest outlook report for real estate investment markets in 2022. While next year may mark a turning point for both office and retail investment as the world continues to recover from the COVID-19 pandemic, sectors such as living, logistics and real estate debt also look set offer compelling opportunities.