Echo Investment finalised the acquisition of a majority stake in Wrocław-based company Archicom, thus becoming the largest residential developer in Poland as the Echo-Archicom group.

Office properties continued to be both the most abundant and attractive investment assets on the Hungarian commercial real estate market in 2020, according to DLA Piper Hungary’s latest annual report.

Czech-founded PPF Real Estate Holding has entered the United States market through its U.S. division, finalizing an acquisition of Mansell Overlook, a large office campus in the broader Atlanta metropolitan area. The acquisition is a steppingstone for future investments by PPF in the U.S. property market.

Macquarie Asset Management has acquired the final asset in a €190 million logistics real estate portfolio in Poland on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest pension fund.

HB Reavis has sold a plot of land in the centre of Prague, which was created by the demolition of the former Transgas complex, to local developer PSN for a record sum of CZK 870 million.

Hungarian real estate brokerage firm Otthon Centrum has completed an €8 million (HUF 2.9 billion) bond issue under the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. This marks the first time the company has taken part in the central bank's bond programme.

Radovan Patrick Vítek, the son of CPI Property Group’s Radovan Vítek, acquired an 8.38% stake in Austrian real estate group Immofinanz. He acquired the shares through Mountfort Investments, according to a major holdings notification published by Immofinanz. This purchase makes 23-year-old Vítek the third-largest shareholder of Immofinanz-

Shareholders of One United Properties have approved the intention of the developer to list its shares on the Bucharest Stock Exchange (BVB). 

Today, global investment capital, looking for safe options on the real estate markets, focuses on housing. Poland is the target of the largest global companies investing in the PRS sector, says advisory company Walter Herz.

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.