News - Czech consortium acquires development land in Prague 6
02
Nov
2021

Czech consortium acquires development land in Prague 6

by Property Forum
A consortium of Penta Real Estate, Kaprain Group and Sekyra Group has acquired a land plot of 20,122 sqm from the University of Chemistry and Technology (VŠCHT) in the western part of Vítězné náměstí in Prague 6 for over €39 million (CZK 1 billion), Penta announced in a press release.
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News - Novum Business Invest purchases land in Bucharest for apartments
01
Nov
2021

Novum Business Invest purchases land in Bucharest for apartments

by Property Forum
Property developer Novum Business Invest has purchased a new land plot of 15,100 near Carol Park in Bucharest for a new residential project with over 500 units. 
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News - NREP to fully decarbonise real estate portfolio by 2028
29
Oct
2021

NREP to fully decarbonise real estate portfolio by 2028

by Property Forum
The 2028 pledge, launched ahead of COP26, is a potential game changer for the industry as the accelerated action plan aims at net zero without offsets several years ahead of IPCC’s target date. Nordic real estate investor, NREP, has committed to being carbon neutral by 2028 without offsets, encompassing both operational and embodied carbon. 
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News - Contera acquires Bratislava office park
29
Oct
2021

Contera acquires Bratislava office park

by Property Forum
Contera has become the new owner of Vlčie hrdlo Business Park in Bratislava, located on a former brownfield area and offering 33,420 square meters of warehouse and office space, the company announced on LinkedIn. Contera purchased the asset, situated close to R7 highway, from investment group Natland.
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News - Walter Herz: Investment land is the hottest commodity on the market
28
Oct
2021

Walter Herz: Investment land is the hottest commodity on the market

by Property Forum
This year’s value of transactions on the investment land market in Poland is already record-breaking.
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News - MLP Group to issue bonds worth €20 million
28
Oct
2021

MLP Group to issue bonds worth €20 million

by Property Forum
MLP Group is set to carry out another bond issue worth €20 million. The debt securities will be issued on November 17th 2021 and repurchased on May 17th 2024.
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News - Adventum acquires Mercedes Benz HQ in Warsaw
28
Oct
2021

Adventum acquires Mercedes Benz HQ in Warsaw

by Property Forum
Adventum Investment Fund Management, the CEE-focused real estate investment manager, has completed the second close of its latest fund, Penta in October 2021. The second acquisition of the Fund is the Mercedes Benz Headquarters in Warsaw which was developed in 2004 by the Daimler Group.
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News - Indotek Group to buy office building in Bucharest
27
Oct
2021

Indotek Group to buy office building in Bucharest

by Property Forum
Hungarian Indotek Group is in advanced negotiations to purchase the office building One Victoriei Center in Bucharest. 
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News - Hines Global Income Trust acquires Eastgate Park in Prague
27
Oct
2021

Hines Global Income Trust acquires Eastgate Park in Prague

by Property Forum
Hines Global Income Trust has acquired Eastgate Park. This property is the 17th industrial asset in the Hines Global portfolio and is 99% leased.
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News - BNP: Polish investment market is on a good track
27
Oct
2021

BNP: Polish investment market is on a good track

by Property Forum
In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors. An important event was again the change of ownership of the Warsaw Metropolitan office building, the value of which exceeded PLN 1 billion
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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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