Radovan Patrick Vítek, the son of CPI Property Group’s Radovan Vítek, acquired an 8.38% stake in Austrian real estate group Immofinanz. He acquired the shares through Mountfort Investments, according to a major holdings notification published by Immofinanz. This purchase makes 23-year-old Vítek the third-largest shareholder of Immofinanz-

Shareholders of One United Properties have approved the intention of the developer to list its shares on the Bucharest Stock Exchange (BVB). 

Today, global investment capital, looking for safe options on the real estate markets, focuses on housing. Poland is the target of the largest global companies investing in the PRS sector, says advisory company Walter Herz.

Real estate group Portico Investments has sold six buildings from its Romanian portfolio to Praktiker Real Estate and Lidl Romania, in two deals totaling over €8.5 million. 

Real estate developer Element Group has announced the acquisition of a new land plot of 2.7 hectares, close to A1 highway, at the entrance of Pitești city, in southern Romania. 

M7 Real Estate, on behalf of its M7 CEREF II Fund, acquired two urban logistics schemes from 7R. Avison Young represented the seller as the exclusive agent throughout the transaction.

Kromberg & Schubert, the German producer of cables and electrical systems for the car industry, has sold its plant in Timișoara to Continental Group, according to market sources quoted by ZF.ro. The transaction will allow the company to replace its manufacturing operations in the city with research and development activities. 

Subsidiaries of Polish industrial developer MLP Group have secured a €73.4 million loan for financing its portfolio from a consortium of BNP Paribas Bank Polska and PKO Bank Polski.

CPI Property Group formed a joint venture with Aroundtown SA and announced a cash offer for the entire issued share capital of Globalworth that the JV did not already hold. The two companies currently own more than 50% of Globalworth’s issued share capital.

The delays in the approval of a mixed-use development in Bucharest forced RMB Holding to withdraw a loan of €50 million it had committed to Iulius and Atterbury Europe.