Develia Group has signed a preliminary agreement with an investment fund managed by Adventum Group to sell all its shares in Wrocław Sky Tower. The sale price set at €84.4 million, will be reduced by the value of unpaid incentives for tenants. Finalization of the transaction is expected at the end of 2021.

Kajima Europe together with Griffin Real Estate has announced the establishment of a joint venture to finance and develop renewable energy projects located in Poland. As part of the deal, the JV has acquired a 72% stake in PAD-RES, a leading developer in the clean energy asset space in Poland.

Mint Investments’ residential fund (MINT I. rezidenční podfond SICAV) has entered into an agreement for the acquisition of four apartment buildings in Plzeň-Skvrňany with developer Trigema Real Estate. Construction of the 100 apartments for rent is scheduled to be completed in Q4 2022. The parties did not unveil the transaction price.

Romanian developer One United Properties will distribute 32.5 million lei (around €6.5 million) in cash dividends, while its share capital will be increased by up to 288.8 million lei (€58.4 million), according to a voted of shareholders. 

ConvergenCE closed the sale of the Árpád Center office building at the end of summer 2021. The property at the junction of Árpád Bridge and Váci Road was acquired by Investum Kft. During the transaction, ConvergenCE was represented by Cushman & Wakefield.

CTP has recently finalised two strategic acquisitions in Bulgaria as part of its two-year, €300 million expansion plan to further grow its presence in the country.

MNK Partners has acquired the Kodolányi János University building on Frangepán Street in Budapest on behalf of its MNK One Fund.

The IN15 Office Park in Northern Pest has changed hands. CBRE supported the seller's side in the transaction. The 19,000 sqm office building’s sale shows that there is activity in the market despite the pandemic.

Savills Investment Management has completed the disposal of Marynarska Point I, an office property located in Warsaw to an investment fund managed by Adventum Group. The parties have agreed not to disclose the purchase price.

Property investment trust Fortress, based in South Africa, has reached an agreement to purchase ELI Park 1, an industrial project in Buftea-Chitila, near Bucharest, for an undisclosed sum. The sellers of the 50,000 sqm project are Element Industrial and Pavăl Holding.