The competition authorities of Poland, Hungary and Serbia have all granted consent for Optimum Ventures Private Equity Fund’s takeover of a majority shareholding (61.49%) in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.

Adventum International, a Malta-based boutique investment fund manager, has acquired yet another property in Poland. The 17, 000 sqm Centrum Orlat office building at Plac Lwowskich in Wrocław was purchased from seller EFL Service S.A. being part of the financial groups of the European Leasing Fund S. A. With this transaction Adventum’s Quartum Polish office portfolio grew to 63.000 sqm GLA.

Global investment firm KKR and Franek Sodzawiczny, a leading data centre entrepreneur and executive, announced the formation of Global Technical Realty, a build-to-suit and roll-up acquisition data centre platform in Europe.

Europi Property Group has acquired a 12.3% stake in Capital Park, an owner, operator and developer of office and mixed-use assets in Poland, predominantly Warsaw. While EPG had been tracking the company since late 2019, the opportunity to invest arose as a result of the market distress in March, enabling the acquisition at an attractive discount to the net asset value.

Australian investor RF Corval has pulled out of a planned joint buyout of Polish industrial and office park developer Buma, Polish fund manager Reino Capital announced in a statement to the Warsaw Stock Exchange. The proposed €287 million (PLN 1.3 billion) takeover was originally announced in November.

TTB Partners, a Hong Kong-based investment and advisory firm, announced the acquisition of a minority stake in M7 Real Estate.  The investment is the latest step in a wider collaboration between the two companies, as they seek to capitalize on the continued appetite from Asian investors for European real estate.  TTB will utilize its own network of contacts in the region to access new capital pools looking to invest in the UK and pan-European real estate, either through joint ventures or through investment funds.

By purchasing the Mezi Vodami 31 office building in Modřany, Prague, the NEMO Real Estate Fund, established by Českomoravská Nemovitostní (ČMN), expanded the total area of its office portfolio to 17,500 sqm. The value of the Fund’s portfolio now reaches €47.7 million (CZK 1.3 billion).

In order to expand its investment portfolio and implement its growth strategy, Hungarian investor-developer Wing has raised €156 million (HUF 54.7 billion) within the framework of the Central Bank of Hungary’s Funding for Growth Scheme. Corporate bonds subscribed by the central bank and other institutional investors have a maturity of 10 years and a yield of 3.56 percent.

BDPST Zrt.’s holding in asset management firm Appennin has dipped below 5 percent as investment funds managed by the Indotek Group and the OTP Group purchased a significant stake in the company. During the over-the-counter transaction, Indotek Group acquired a 24 per cent stake from BDPST Zrt.

Beirut-based investor FFA Real Estate has acquired the Młodziejewski Palace in Warsaw from German investment fund Patrizia. The acquisition was made through FFA Real Estate’s special purpose vehicle Midolux 2. The transaction price has not been disclosed.