As it was reported yesterday, the €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended. In their separate announcements, the buyer claims that the completion of the transaction was impossible due to the COVID-19 related restrictions imposed by the authorities, while the seller insists that these restrictions did not prevent completion. The two companies have not reached a consensus on postponing the transaction’s deadline. NEPI Rockcastle has interpreted AFI Europe’s actions as a wish to cancel the acquisition and is now asking the company for a €15 million compensation.

The €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended due to the coronavirus crisis, Profit.ro reports.

Savills Investment Management has completed the acquisition of the logistics unit leased to Leroy Merlin in Piątek from Invesco Real Estate, the global real estate investment manager, on behalf of Korean institutional investors managed by Vestas Investment Management.

Hillwood acquired new industrial land in Czestochowa where is intends to develop Hillwood Logistics Centre Częstochowa-Miasto, a modern park consisting of 2 warehouses totalling ca. 64,000 sqm GLA.

Nicklas Lindberg, CEO of Echo Investment, and Maciej Drozd, the company’s CFO, have bought over 1400 of the company’s bonds on the secondary market. The Management has confidence in Echo Investment and further development of the business consistent with the Strategy of Profitable Growth.

7R and Hillwood have finalized a joint venture sale of a warehouse facility to a fund managed by GLL Real Estate Partners. The warehouse building is a build-to-suit (BTS) project for a leading European e-commerce platform. Last year, 7R and another fund managed by GLL Real Estate Partners concluded a larger warehouse portfolio transaction in the Central and Eastern Europe region. Cushman & Wakefield advised the purchaser in both of those acquisitions.

CPI Property Group announced the purchase of Moniuszki 1A office building in Warsaw. The property was acquired from Catalyst Capital. JLL Poland and Dentons assisted the buy in the transaction.

International Investment Bank (IIB) and DOB-68 Zrt. in full accordance with the requirements of the Hungarian legislation signed the documentation on the acquisition of the historic Lánchíd Palota building in Budapest. The building will house IIB’s international headquarters.

CTP further expanded its portfolio in Romania and in the vicinity of Bucharest where it owns three properties: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest Chitila. The most recent 57,000 sqm purchase, Equest Logistic Park, is located near the capital, on the A1, at km 13. It was acquired for approximately €30 million from Forum Serdika, in the beginning of March 2020.

Swiss Pillar Investments Europe SARL, part of the Swiss Reinsurance Company, has applied to the Polish competition authorities to acquire five warehouse facilities from AEW in Poland.