ARTICLES IN Investment  TOPIC

News Ghelamco sells hotel part of The Warsaw HUB complex
19
Dec
2023

Ghelamco sells hotel part of The Warsaw HUB complex

by Property Forum
Ghelamco has announced closing the deal concerning the sale of a high-rise building at Rondo Daszyńskiego, which houses hotels of the Crowne Plaza and Holiday Express Inn chains. The buyer is the French fund Corum XL. This is the third and final building sold from Ghelamco’s portfolio in The Warsaw HUB. The price has not been disclosed.
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News Kaprain and Penta Real Estate to build new project in Prague 9
19
Dec
2023

Kaprain and Penta Real Estate to build new project in Prague 9

by Property Forum
Kaprain and Penta Real Estate have entered into a cooperation agreement to build on the former Howden ČKD factory site adjacent to the O2 arena. Penta has bought a 40% stake in the project, which will create a new centre of Prague's Vysočany and Libeň districts on a site of over 50,000 sqm, Kaprain announced.
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News Vastint to buy Arkady Wrocławskie from Develia
19
Dec
2023

Vastint to buy Arkady Wrocławskie from Develia

by Property Forum
Develia Group has signed a preliminary agreement with Vastint Poland for the sale of the real estate on which the Arkady Wrocławskie multifunctional building is located. The net sale price has been set at €42.9 million (approximately PLN 185.6 million). The transaction is expected to be finalised by the end of August 2025. Avison Young has been representing the seller throughout the sales process.
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News VGP announces €1.5 billion European joint venture
19
Dec
2023

VGP announces €1.5 billion European joint venture

by Property Forum
VGP has announced the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm. The Saga Joint Venture will focus exclusively on key European markets, including France, Germany, the Czech Republic, Slovakia, and Hungary.
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News Walter Herz Invest to help in plot purchasing in Poland
15
Dec
2023

Walter Herz Invest to help in plot purchasing in Poland

by Property Forum
Advisory agency Walter Herz is expanding the scope of consulting services and branching out with a new business line - Walter Herz Invest. The entity is responsible for purchasing and securing real estate and land for the construction of projects in the commercial, warehouse and residential sectors.
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News ČMN becomes majority owner of Prague office complex
15
Dec
2023

ČMN becomes majority owner of Prague office complex

by Property Forum
Českomoravská nemovitostní has acquired a quarter stake in the Churchill Square office complex in Prague near the main railway station for CZK 1 billion (€41 million). It has thus become the majority owner of the complex. The seller was a holding from Lebanon, reports the daily e15.cz.
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News Avison Young Poland closes 1/3 of office investment deals in 2023
14
Dec
2023

Avison Young Poland closes 1/3 of office investment deals in 2023

by Property Forum
The decline in investment volume, which has been recorded this year in all sectors of the commercial real estate market in Poland, is particularly visible in the office segment. Despite the relative recovery that was observed at the end of the summer, the total value of the transaction volume recorded in Q1-Q3 2023, amounted to only ca. €1.7 billion, with merely ca. €267 million allocated in office assets. However, in this time of slowdown, there is also room for success. Avison Young's investment team can boast of approximately one-third of completed transactions in this sector - both in terms of volume and number of transactions.
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News Hexagon Group makes large land purchase in Cluj-Napoca
14
Dec
2023

Hexagon Group makes large land purchase in Cluj-Napoca

by Property Forum
The Hexagon Group, controlled by Romanian entrepreneur Florin Mariș, has purchased a land plot spanning close to 7 hectares in Cluj-Napoca. The buyer plans to develop an urban regeneration project on the former industrial site. The value of the transaction was not made public.
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News Apartments in Hungary offer great opportunities to foreign investors
13
Dec
2023

Apartments in Hungary offer great opportunities to foreign investors

by Property Forum
Compared to other cities, gross yields in Budapest, calculated from purchase prices and revenue from rent, are among the highest, which means the Hungarian capital is still a great destination for those investing in residential property. While the prices of apartments have skyrocketed in recent years in Hungary, residential property in Budapest is still quite inexpensive according to a joint study made by local developer Wing and research centre Eltinga.
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News Iulius completes relocation of factory in Cluj-Napoca
11
Dec
2023

Iulius completes relocation of factory in Cluj-Napoca

by Property Forum
Romanian developer Iulius is closer to kick off the construction of a mixed-use project in Cluj-Napoca after relocating a manufacturing facility in another part of the city. The Carbochim plan was relocated and upgraded following an investment of €5 million.
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Latest news


New leases

  • Hungarian startup Colossyan has leased 1,000 sqm at Academia Offices, in Budapest, at the end of May. The office project was opened six months ago and has already reached an occupancy rate of 80%.
  • PGD Sp. z o.o., a distributor of products for bakeries, confectioneries and ice-cream parlours, has leased approx. 2,000 sqm of production and warehouse space in Waimea Airport Logistics Park Szczecin-Goleniów investment. Axi Immo was the agent representing the tenant in negotiating and selecting a new location.
  • Tetra Pak, a global player in food processing and packaging industry, has leased approximately 1,200 sqm of space in Lakeside in Warsaw. JLL Poland is responsible for the exclusive commercialisation of the building, owned by Atenor.

New appointments

  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.
  • Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. She joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Research departments. Lupașcu has more than 20 years’ worth of experience in media and real estate.
  • Karolina Kunciak, an expert with experience in retail consultancy, has joined CBRE Poland. She will be responsible for high streets.

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