Patrizia has sold Le Palais, a multi-let mixed-use asset in Warsaw, Poland, on behalf of institutional clients to the Generali Europe Income Holding (GEIH) fund managed by Generali Real Estate SGR.

Bluehouse sold the Korso Karviná shopping centre (in the Northern Moravian region of the Czech Republic, east of Ostrava) to local investor Conseq Investment Management in this year’s first shopping centre transaction on the Czech market.  

By purchasing a 50% stake in a business partner, Fidurock has become the 100% owner of Retail Park Choceň on June 8, 2021. With this step, the company completed the acquisition, which began in 2018 with the purchase of 50% of building land. The construction itself began in April 2020 with the opening to the public taking place in December of the same year. 

According to JLL experts. the uncertainty caused by the pandemic has directed investors' attention to strategies based on nearshoring. The beneficiary of this trend, just as a decade ago, may be Poland.

Globe Trade Center announced today that it has been assigned an investment grade rating of BBB- with a Stable Outlook by Fitch Ratings and Ba1 with Positive Outlook rating by Moody’s Investors Service.

Real estate developer One United Properties got €50 million in fresh funding for residential projects through a private placement of a senior secured debt note carried out by CC@ONE Properties Invest AG. 

South African investor MAS Real Estate has entered into to sell an office building in Scotland to Union Investment for €91 million. The company also agreed to sell a piece of development land in East Sussex for €20.8 million. MAS Real Estate wants to sell all of its remaining Western European assets and reinvest the proceeds in Central & Eastern Europe.  

AFI Europe has completed the €66.5 million acquisition of the Avenir Business Park in Prague 5 from Tristan Capital Partners. The office complex, offering more than 25,600 sqm of premium office space, is close to 100% occupancy. Long-term tenants include companies such as ČSOB (belongs to the KBC Group), ING, Porsche, McDonald's, Conduent, Dermacol, Simac Technik and Coloplast.

Czech real estate fund Trigea bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group, an international real estate group, in one of the largest real estate transactions performed this year on the local market.

REICO has launched a new real estate fund. REICO ČS Long Lease is a special mutual fund focused mainly on retail clients. Its main investment criterion is buildings with leases secured for at least 10 years, in the logistics, manufacturing, retail and office sectors. The fund is intended as a complement to the investment portfolio mainly to conservative to medium-risk clients who want to increase the return of their real estate component.