Aareal Bank announced the closing of a financing agreement with developer Ghelamco Group at the end of the second quarter of 2021. As sole agent, arranger and lender, Aareal Bank is providing a senior loan in the amount of €312.5 million to the family-owned real estate group, which is mainly active in the office, residential, retail, leisure and logistics markets.

Most of the capital invested in commercial real estate in Central and Eastern Europe in the first half of this year went to Poland. According to Walter Herz, the forecasts for the domestic investment market are very optimistic

AIA Group Limited has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties. 

MLP Group has released consolidated financial results for the first half of 2021, showing revenue of PLN 97.6m, up 16% year on year, and net profit of PLN 166.5m, up 38% year on year. Equity (net assets) rose 24% in the first six months of the year, to PLN 1.5bn, with gross investment property having advanced by 16%, to PLN 2.7bn.

GARBE Industrial Real Estate Poland has acquired a new flagship production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sqm Build-to-Suit facility, on a 20-year term sale & leaseback transaction.

Poland’s largest cities only slightly adjust their planned investments due to the lower earnings caused by COVID-19. Similarly, zoning development plans are also not slowing down - as seen in talks between Urban Land Institute Poland (ULI Poland) and five cities involved in the project, “Around the city in 8 questions”. The series of discussions is expected to continue into the Fall, with another three meetings already planned.

Victor Căpitanu, co-founder of One United Properties, has asked shareholders to approve a share capital increase of up to RON 228.8 million (€46.3 million) by incorporating around 80% of the shares from the Initial Public Offering (IPO) concluded in early July. 

Investment transactions totaling over €400 million are in different negotiations stages in Romania, mostly in the office and retail segments, according to real estate consultancy JLL Romania. 

During H1 2021, Czech residential developer Central Group has completed the acquisition of land plots in three Prague locations, Žižkov, Hloubětín and Vysočany, for CZK 750 million. It plans to build almost a thousand new apartments on the land.