News - Echo Investment posts strong financial results
31
Mar
2021

Echo Investment posts strong financial results

by Property Forum
In 2020, Echo Investment achieved a net profit of PLN 122 million, which was the result of hand over 1,505 apartments to clients, growth in value of the commercial projects under construction, as well as completed Resi4Rent projects.
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News - Spiller Farmer brokers sale of 165,000 sqm land plot near Zagreb
31
Mar
2021

Spiller Farmer brokers sale of 165,000 sqm land plot near Zagreb

by Property Forum
Croatian real estate consultancy firm Spiller Farmer has brokered the sale of a 165,000 sqm land plot in Velika Gorica, near Zagreb, to LogExpert. The new owner plans to build a modern logistics centre of 60,000 sqm on the property.
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News - Slovenian company buys logistics centre in Podgorica
30
Mar
2021

Slovenian company buys logistics centre in Podgorica

by Property Forum
Slovenian company Iskra has become the new owner of a pharmaceutical industrial/logistics asset in Montenegro, located in Donja Gorica, on the outskirts of Podgorica. In addition to this acquisition, Iskra also bought several pharmacies in Montenegro, ekapija reports.
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News - PAREF acquires property near Warsaw occupied by MAN
29
Mar
2021

PAREF acquires property near Warsaw occupied by MAN

by Property Forum
MAN Truck & Bus Center, located in Małopole near Warsaw, has been sold by 7R to Interpierre Europe Centrale fund, managed by PAREF Gestion, part of PAREF Group, a global investment and asset management company. The seller was represented by Avison Young's investment team throughout the transaction.
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News - MOL Group acquires retail assets in Hungary and Slovakia
26
Mar
2021

MOL Group acquires retail assets in Hungary and Slovakia

by Property Forum
MOL Group announces the acquisition of 100% of Normbenz Slovakia s.r.o. by Slovnaft that includes 16 service stations in Slovakia operated under the Lukoil brand. MOL has also concluded a deal with Marché International AG to buy the company that operates 9 restaurants in Hungary under the Marché brand. The agreements fit the Group’s “Shape Tomorrow” 2030+ updated long-term strategy, which lays special emphasis on the development of consumer services.
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News - Immofinanz increases S Immo takeover offer
26
Mar
2021

Immofinanz increases S Immo takeover offer

by Property Forum
Immofinanz announced on 14 March 2021 to launch a voluntary public takeover offer to the shareholders of S Immo to acquire a controlling interest pursuant to section 25a of the Austrian Takeover Act. The offer price per share of S Immo AG has been announced as €18.04 on a cum-dividend basis. Immofinanz announces that the Executive Board and the Supervisory Board of Immofinanz have resolved upon an increase of the offer price to €22.25 on 25 March.
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News - B&B Hotels sells Budapest and Prague hotels to French investor
24
Mar
2021

B&B Hotels sells Budapest and Prague hotels to French investor

by Property Forum
Cushman & Wakefield Hospitality supported B&B Hotels in disposing of a portfolio of two hotels to Primonial REIM, a leading independent real estate asset management group based out of Paris, France.
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News - Former CNB governor and Realism launch Czech real estate fund
24
Mar
2021

Former CNB governor and Realism launch Czech real estate fund

by Property Forum
Zdeněk Tůma the former governor of the Czech National Bank (2000-2010), portfolio manager Martin Pětivoký and Martin Hubinger , the owner of residential developer Realism, have founded IRQ Funds and are launching a new fund named IRQ Residential Rental for qualified investors focused on rental housing.
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News - Futureal raises €150 million in green bonds
23
Mar
2021

Futureal raises €150 million in green bonds

by Property Forum
Hungarian developer Futureal has completed its first-ever green bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme (BGS). The company received bids worth HUF 59.92 billion for the bonds, which have a nominal value of HUF 50 billion. Futureal subsequently sold HUF 55 billion (approximately €150 million) of the bonds, for one of the largest issues under the BGS scheme. Futureal Group is currently developing projects with a gross space of more than 1 million sqm in Hungary. 
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News - Fidurock expands residential portfolio in Prague
22
Mar
2021

Fidurock expands residential portfolio in Prague

by Property Forum
In March 2021, Czech-Dutch investment company Fidurock has added a new asset to its residential portfolio in Prague.
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Latest news


New leases

  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.

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