News - Knight Frank to sell Speedwell’s Cluj Napoca complex
27
Feb
2020

Knight Frank to sell Speedwell’s Cluj Napoca complex

by Property Forum
Speedwell has mandated Knight Frank to sell the office buildings and sports centre of Record Park, a mixed-use project (office, sports centre & residential) situated in central Cluj-Napoca (next to Dedeman’s The Office). The sales mandate includes three separate buildings: two office buildings - a new Class A office building next to a renovated historic building of the former imperial stables - and a new stand-alone sports centre with a pool.
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News - Forte Partners buys Bucharest land plot
24
Feb
2020

Forte Partners buys Bucharest land plot

by Property Forum
Romanian developer Forte Partners has acquired a 9,300 sqm land plot of on Expozitiei Boulevard in Northern Bucharest, Ziarul Financiar reported.
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News - Cordia aims to buy remaining stake in Polnord
20
Feb
2020

Cordia aims to buy remaining stake in Polnord

by Property Forum
Cordia International announced a public tender offer on 14 February 2020 to buy the remaining approximately 34.34% of the shares in Polnord S.A., which is not owned by Cordia International currently.
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News - Ares and Griffin buy majority stake in Polish developer
17
Feb
2020

Ares and Griffin buy majority stake in Polish developer

by Property Forum
A joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate announced the acquisition of a 98.04% stake in Murapol SA, a leading Polish property development company. The value of the deal was not disclosed.
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News - Portico sells multifunctional complex in Oradea
13
Feb
2020

Portico sells multifunctional complex in Oradea

by Property Forum
Local capital group Lotus Center, the largest owner of shopping centres in Oradea, acquired the multifunctional complex Oradea Plaza from Portico Investments, in a transaction advised by Colliers International.
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News - Cordia finalises purchase of a majority stake in Polnord
12
Feb
2020

Cordia finalises purchase of a majority stake in Polnord

by Property Forum
Cordia has successfully acquired 63.7 million shares of Polnord, one of the largest development companies in Poland. Transaction worth €31.7 million provided the Hungarian founded developer with a control stock of shares exceeding 65% in the increased capital.
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News - Česká pošta sells former monastery in Prague
11
Feb
2020

Česká pošta sells former monastery in Prague

by Property Forum
Česká pošta has sold the former St. Gabriel Monastery, located in Prague's Smichov district, to the CIMEX group for €14 million (CZK 353 million).
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News - Panattoni sells five Polish parks to Asian investor
10
Feb
2020

Panattoni sells five Polish parks to Asian investor

by Property Forum
Panattoni is selling a portfolio of 5 logistics parks in strategic locations totalling 280,000 sqm to an Asian investor. This marks the Asian investor's first investment in Poland and the transaction was handled by Savills Investment Management.
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News - Bulgarian insurer buys Varna office complex
10
Feb
2020

Bulgarian insurer buys Varna office complex

by Property Forum
Bulgaria-based insurance company DZI, part of Belgium's KBC Group, has acquired Mall Varna, an office building located in Varna, Bulgaria. The seller was Hidrostroy, a local company. The transaction price has not been disclosed.
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News - Catalyst Capital buys Kraków office building
07
Feb
2020

Catalyst Capital buys Kraków office building

by Property Forum
Diamante Plaza, an office building located in Kraków, was sold to Catalyst Capital. Experts from Capital Markets at BNP Paribas Real Estate Poland provided commercial advisory to the buyer and supported him in finalising the purchase.  
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Latest news


New leases

  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.
  • Greek jewelry designer Anna Maria Mazaraki has opened her first Romanian store in Bucharest-based ParkLake Shopping Center. The transaction for the new location was brokered by Cushman & Wakefield Echinox.
  • Squarepoint, a global quantitative investment management firm, has leased close to 2,200 sqm in Warsaw based Skyliner II. Squarepoint was represented in the transaction by CBRE. Legal advisory for Karimpol was provided by Argon Legal.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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