AFI Europe Group contracted a €170 million loan from a consortium of banks consisting of Erste Bank Group, pbb Deutsche Pfandbriefbank, and Banca Comerciala Romana (BCR) to acquire NEPI Rockcastle’s office portfolio of in Romania.

Madison International Realty has acquired a stake in the newly developed Chmielna 89 office building in Warsaw’s CBD from the Cavatina Group. The acquisition values the project at over €100 million. Chmielna 89 is fully let to Poland’s largest, PKO BP, on a ten-year lease.

Trei Real Estate GmbH has taken out an unsecured loan in a volume of €42 million from the German bank Helaba. It involves an innovative financing structure that Trei employed in similar form for the first time when taking out a loan from the same lender in late 2019. The successful model includes corporate finance elements, on the one hand, and the characteristics of a mortgage loan, on the other hand. The loan has a four-year maturity. Trei intends to use the borrowed capital to finance its growth trajectory.

Savills Investment Management has acquired a logistics property in Łódź, Poland, and two adjacent distribution centres in Den Bosch, the Netherlands, for a total of c. €52 million. The Polish property was purchased on behalf of the Savills IM European Logistics Fund 2 (ELF 2) portfolio, which now comprises 26 properties. The two Dutch logistics properties constitute the third transaction on behalf of the European Logistics Fund 3 (ELF 3), which was launched in late 2019.

HB Reavis Group is launching the sale of a new bond issue through Slovenská sporiteľňa. Bonds with a nominal value of €1,000, a maturity of 4 years and a coupon of 3.35% pa are issued by HB REAVIS Finance SK VII sro, a subsidiary of the HB Reavis Group.

Romanian real estate developer One United Properties has completed a capital increase process worth €25 million by selling part of its One Cotroceni Park urban regeneration project, currently under construction in Bucharest. The amount raised is to be invested in the further development of the project.

Cavatina Holding has acquired the Widzewska Manufaktura revitalisation project in Łódź for €90 million (PLN 400 million). The seller of the approximately 4 ha site at Piłsudskiego 135 with its 19th-century industrial buildings was a company headed and co-founded by Stanisław Zaręba, represented in the transaction by Deloitte.

Cordia International Zrt. has acquired UK developer Blackswan. Cordia financed the transaction by using funds collected from the bond issuance under National Bank of Hungary’s Bond Funding for Growth Scheme. The acquisition allows Blackswan to deliver a £550 million project pipeline across the West Midlands

spaceOS has announced a new capital raise totalling €2.5 million. The latest funding comes after Austrian commercial real estate group Immofinanz took a €2 million stake in spaceOS, further strengthening the firms’ partnership, following a deal in December to roll-out the spaceOS platform across the group’s entire portfolio. Existing investors BeyondBuild also contributed an additional €0.5 million to this funding round.

Resolution Property (based in the UK, a member of the Fosun Group, a major Chinese conglomerate and investment company) and Zeus Capital Management (a leading international real estate investment and asset management firm) have recently acquired Floreasca Park, a ca. 40,000 sqm office campus in the heart of Bucharest. The property was sold to the joint venture by a fund managed by GLL Real Estate Partners GMBH (a member of Macquarie Group).