Hungary-based residential developer Cordia International Zrt. continues its international expansion strategy. After acquiring UK developer Blackswan last year, the company has announced the acquisition of a new office space in the heart of the Jewellery Quarter, Birmingham, England, which will become Cordia Blackswan’s UK headquarter. The property developer is set to refurbish and move into a former branch of Lloyds bank. The historical building will not only be home to Cordia Blackswan, but it will also offer modern office and co-working spaces.

Passerinvest Group has sold the Nová Karolina Park office building in the centre of Ostrava. The new owner is locally based investment group RT TORAX Group.

In 2020, the total volume invested in land acquisitions in the Bucharest – Ilfov region reached €194 million, reflecting a 6.5% decrease compared to 2019, according to Cushman & Wakefield Echinox.  

Chariot Top Group BV, a company managed by Griffin Real Estate, has sold 4 retail parks, completing the third and the last tranche of retail assets acquisition by EPP. It is the biggest retail transaction on the Polish real estate market in terms of volume since the beginning of the pandemic.

The Management Board and the Supervisory Board of Immofinanz have decided to launch a voluntary public takeover offer to acquire a controlling interest pursuant to Section 25a of the Austrian Takeover Act for all outstanding no-par value bearer shares of S Immo not owned by the bidder.

The Arete Group of investment funds completed the entire transaction and transferred ownership of the complete portfolio of the Arete Invest CEE II subfund in the amount of €113.2 million (CZK 3 billion) to Cromwell European REIT (CEREIT) a publicly-traded real estate investment trust listed on the Singapore Stock Exchange.

One United Properties announces that it has paid approximately 10 months before maturity the payment of bonds worth €20 million to a Polish investment fund.

South African investor Fortress REIT has acquired two logistics parks in Bydgoszcz and Stargard from Griffin Property Finance. This is the first direct acquisition in Poland by Fortress REIT and the value of the transaction has not been disclosed.

COVID-19 has slowed the activity of office developers, but intensified competition in the residential land market. Warehouses are now so popular among investors that one can speak of a shrinking supply of land for more of these projects. JLL analyses trends in the investment land market for office, residential, retail, logistics/industrial and hotel projects in Poland.

Linklaters has advised the Czech investor Investika realitní fond, OPF on the acquisition of the Szyperska Office Center office building in Poznań from Wechta Nieruchomości sp. z o.o., which is a company from the group of one of the largest developers in Greater Poland.