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. 

AFI Europe has signed an agreement for the purchase of Avenir Business Park in Prague 5 owned by Tristan Capital Partners. The office complex, offering more than 25,600 sqm of premium office space, is close to 100% occupancy. Among its tenants are companies such as CSOB, ING, Porsche, McDonald’s, Dermacol and Coloplast.

Real estate developer Ionuț Negoiță acquired a land plot of 10 hectares in eastern Bucharest from industrial company Tubinox. The real estate investor says that this part of the city holds significant potential for the real estate industry.  

Brașov-based real estate developer Qualis Properties has listed its bonds on the Bucharest Stock Exchange (BVB). The company carried out a private placement through which it attracted almost €2.1 million, by selling 3-years maturity bonds with a fixed yearly interest of 9%.