Garbe Industrial Real Estate GmbH enters the Slovak market with an acquisition of land with a zoning permit comprising 70,000 sqm. This follows the company’s successful start of activities on the Czech market. Garbe’s plans in Piešťany include the new development of two buildings with a total size of 26,000 sqm.   

Three land plots with a surface of around 250,000 sqm, located on the grounds of the former Chimopar industrial platform in western Bucharest, will be tendered in mid-July. 

Colliers has issued a new report, European Residential: On the Rise, examining the drivers behind mounting investor interest in residential properties in Europe’s major cities. The report ranks major destinations in terms of their allure to investors and highlights the opportunities and risks emerging around an increasingly prominent asset class.

M7 Real Estate announced the acquisition of two modern urban logistics assets, both on Slavonska Avenue, Zagreb, Croatia, on behalf of M7 CEREF II.

The European Bank for Reconstruction and Development (EBRD) has invested €42.5 million in a €500 million green Eurobond issue by real estate company CTP to support its portfolio expansion, thereby increasing the supply of green real-estate stock across the EBRD’s regions.

Romanian real estate developer One United Properties has purchased a land plot of 21,165 sqm in Bucharest from a member company of Țiriac Group in a deal worth €15 million. 

Cavatina Holding, one of the largest Polish developers of office space, has confirmed its intent to carry out an initial public offering (IPO) on the Warsaw Stock Exchange.  A conclusive decision in this respect will be made based on market conditions. Details of the IPO will be published in the prospectus following its approval by the Polish Financial Supervision Authority (KNF). The transaction will entail the issue of new shares only and its detailed parameters will be presented upon publication of the prospectus.

CTP has completed its largest green bond issuance to date, following the company’s March IPO and recent inclusion in the Euronext AScX index. Structured as a dual-tranche, CTP raised a total of €1 billion under its €4 billion EMTN programme. The issue included a €500 million four-year tranche and a €500 million eight-year tranche. Total demand for the issue reached nearly €4 billion, evidencing the solid standing that CTP holds on the international bond markets.

Real estate services platform Novaston was an exclusive support agent in the sales process of two retail properties in Serbia between two influential investors in the Balkan region: NEPI Rockcastle and BIG CEE. The binding agreement with the total consideration of the approx. €61 million euros for retail properties Kragujevac Plaza Shopping mall (with a GLA of 22,300 sqm) and Krusevac retail park (with a GLA of 8,600 sqm) was signed in June.

Swedish company Heimstaden is entering the Prague rental market. It has acquired the first 164 units under construction in Prague's Holešovice district as part of the Pergamenka project from developer FINEP.