News - MLP Group releases three-year strategic goals
22
Nov
2021

MLP Group releases three-year strategic goals

by Property Forum
MLP Group has released its strategic goals to be met within the next three years to 2024. In line with the strategic plan, the period will see the company’s equity, or net asset value (NAV), double from €387 million in 2021 to €823 million at year end 2024. Significant growth in NAV is expected in 2022, driven mainly by the development of new projects in Germany and Austria, already fully secured.
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News - LCP Properties buys another three retail parks in Poland
22
Nov
2021

LCP Properties buys another three retail parks in Poland

by Property Forum
The LCP Group has just finalised the purchase of another 3 Polish retail parks in Bytom, Góra Kalwaria and Plewiska near Poznań.
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News - CA Immo sells Wspolna office building in Warsaw
22
Nov
2021

CA Immo sells Wspolna office building in Warsaw

by Property Forum
CA Immo has successfully signed and closed the sale of Wspolna 47-49 in Warsaw. The property totals 7,696 sqm of GLA and 137 parking units. The sale has closed at a premium to the 31 December 2020 book value. The property was acquired by Yareal Polska.
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News - HIH Invest sells two Polish assets to Czech investor
22
Nov
2021

HIH Invest sells two Polish assets to Czech investor

by Property Forum
HIH Invest Real Estate has just sold two HGV service stations in Poland on behalf of an investment fund owned by a German pension scheme and by a foundation. The assets were purchased by Investika, a Czech investment company formed in 2015. The closing of the transaction is scheduled for January 2022.
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News - One United buys controlling stake in Bucharest shopping centre
19
Nov
2021

One United buys controlling stake in Bucharest shopping centre

by Property Forum
Romanian developer One United Properties says it will take over a majority stake in Bucur Obor, a shopping centre based in Bucharest. 
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News - Revetas shifts Romanian portfolio to renewable energy
17
Nov
2021

Revetas shifts Romanian portfolio to renewable energy

by Property Forum
Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 
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News - Hagag Development Europe makes first hotel acquisition in Romania
16
Nov
2021

Hagag Development Europe makes first hotel acquisition in Romania

by Property Forum
Property developer Hagag Development Europe has purchased Susai Hotel in Romanian mountain resort Predeal, in a move that marks the first transaction outside Bucharest. 
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News - Wing sells Budapest office buildings to local investor
15
Nov
2021

Wing sells Budapest office buildings to local investor

by Property Forum
Wing has sold buildings B, C and I in the Infopark office park in Budapest. The properties were sold through the Gladiator V Real Estate Investment Fund, the buyer being SkyGreen Buildings Ltd. Wing intends to use the proceeds from the sale for the purposes set out in its business plan, namely to strengthen its position in the region.
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News - M7 completes final sale for Central Europe fund in Croatia
15
Nov
2021

M7 completes final sale for Central Europe fund in Croatia

by Property Forum
M7 Real Estate has completed the final sale on behalf of the M7 Central European Real Estate Fund I (M7 CEREF), with the disposal of the Mani Business Centre in Zagreb to Raiffeisen Pension Insurance Company. M7 will continue to asset manage the property on behalf of the new owner.
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News - Romanian property tycoon buys seaside Inter Hotel
11
Nov
2021

Romanian property tycoon buys seaside Inter Hotel

by Property Forum
George Becali, one of the wealthiest Romanians active in the property sector, has taken over Inter Hotel from Interagro, an agriculture group that is under administration. 
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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