ARTICLES IN Investment TOPIC

News GalCap Europe acquires second building in Budapest
07
Mar
2018

GalCap Europe acquires second building in Budapest

by Property Forum
GalCap Europe, a Vienna-based international investment and asset management company, acquired the Central Udvar mixed-use complex as its second property after the Merkur Palota in Budapest. The purchase was made on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners. CBRE has advised GalCap Europe to purchase the building in an off-market deal. The buyer and the seller agreed not to disclose any purchase price details. Legal advice to GalCap Europe was provided by CHSH Dezső & Partner.
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News Skanska sells Łódź office building to Niam for €52 million
05
Mar
2018

Skanska sells Łódź office building to Niam for €52 million

by Property Forum
Skanska has sold Nowa Fabryczna building in Łódź, Poland, to real estate fund manager Niam. It is the developer’s second office project in the city, and the seventh Skanska property Niam has acquired in the Polish regional markets since 2015.
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News Czech start-up buys Brno shopping centre from Atrium
05
Mar
2018

Czech start-up buys Brno shopping centre from Atrium

by Property Forum
Czech start-up Opifer, which has so far invested in biotechnology and IT start-ups, has acquired the Futurum shopping centre in Brno from Atrium European Real Estate, e15.cz reports.
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News Atenor launches first project in Poland
05
Mar
2018

Atenor launches first project in Poland

by Property Forum
Atenor’s new Polish affiliate has signed a preliminary agreement to acquire long-term lease rights on two 30,500 sqm office buildings in Warsaw. These office buildings are known as the University Business Center and are located in the Mokotów district. They offer approximately €3 million in annual rental income.
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News M7 grows Hungarian AUM to €89.3 million
05
Mar
2018

M7 grows Hungarian AUM to €89.3 million

by Property Forum
M7 Real Estate, a pan-European real estate investor and asset manager, announces has completed the acquisition of 12 assets in Hungary through four transactions for a total of €80.1 million in 2017. It brings M7's Assets Under Management in Hungary to € 89.3 million. It has also completed 32 new lettings and lease renewals across its Hungarian portfolio.
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News Globalworth buys two development plots in Bucharest
28
Feb
2018

Globalworth buys two development plots in Bucharest

by Property Forum
Globalworth has completed the acquisition of two additional land plots adjacent to its assets on the Gara Herastrau/Barbu Vacarescu corridor of Bucharest for approximately €16 million. These plots are anticipated to allow for the development of 40,000 sqm of commercial (predominantly office) space. The company published an update for its operations.
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News Hystead to receive €164 million in loans from EBRD and IFC
28
Feb
2018

Hystead to receive €164 million in loans from EBRD and IFC

by Property Forum
The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.
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News Tristan fund sells Prague office to Amundi
28
Feb
2018

Tristan fund sells Prague office to Amundi

by Property Forum
Curzon Capital Partners III (CCP III), a core plus Fund advised by Tristan Capital Partners, has completed a €64 million sale of Praha City Center office to Amundi Asset Management.
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News NEPI Rockcastle buys Sibiu mall project for €21 million
28
Feb
2018

NEPI Rockcastle buys Sibiu mall project for €21 million

by Property Forum
NEPI Rockcastle has acquired the Festival Sibiu mall project from Primavera Development for €21 million. Reff&Asociatii provided legal assistance for NEPI in signing this deal.
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News Hystead acquires two Croatian malls
28
Feb
2018

Hystead acquires two Croatian malls

by Property Forum
Hystead Limited, a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), has acquired a 90% interest in two Croatian shopping centres. The purchase consideration net of €154.4 million asset-based finance is €129.1 million, of which Hyprop’s effective share is approximately €77.5 million. The two malls, namely City Center one Zagreb West and City Center one Zagreb East, are located in Zagreb, the capital of Croatia. The transaction is conditional upon approval of the Croatian competition authority and is expected to close at the end of March 2018.
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Latest news


New leases

  • Document State Enterprise, based in Kiev, has opened a branch in Poland. The administrative unit, directly cooperating with the Ukrainian government, began its operations in a 600 sq m office in Blue Office in Warsaw.
  • Medicover will open its seventh Kraków medical centre in the Brain Park office complex. The centre will occupy more than 1,500 sqm of space at its new address in an investment being developed by Echo Investment.
  • PM Group, the manufacturer and distributor of technical products and accessories for heat-insulating carpentry, has leased 2,200 sqm for a new distribution centre in ELI Park 3. The project part of the ELI Park Bucharest North West hub is developed by Element Industrial.

New appointments

  • Karol Milczarski has joined the ranks of Colliers Poland experts, taking up the position of Senior Associate in the Commercial Space Department. His main task is to comprehensively support clients in the process of acquiring attractive street locations not only on high streets, but also within densely populated residential districts.
  • Danubius Hotels has appointed Andrea Róna as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. The expert will be responsible for the further expansion and development of the hotel chain.
  • Cushman & Wakefield promotes Petr Markvart, Head of Landlord Representation Services in the Office Agency team, to Partner.


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