French AEW Europe and Hungarian Indotek Group have concluded an agreement regarding the acquisition of the Promenada shopping centre in Târgu Mureș, Romania. The 50,000 sqm building’s tenants include Auchan, Leroy Merlin, Decathlon, H&M, Cinema City, LC Waikiki, New Yorker, Hervis and Media Galaxy. Indotek Group plans to renovate and modernize the whole building and plans further acquisitions to strengthen its presence on the Romanian commercial real estate market.

OTP Real Estate Investment Fund has acquired the 26,000 sqm Roosevelt office building in central Budapest. The seller was Munich-based GLL Real Estate Partners (GLL).

Českomoravská Nemovitosti has acquired the BLOX office building in Prague's Dejvice district for more than €77 million (CZK 2 billion). The building's primary tenant is Amazon.  The acquisition was financed by ČSOB.

FLE GmbH, a company of the LFPI group, has acquired its eighth property in Budapest on behalf of the Luxemburg based fund FLE SICAV FIS.

Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners IX. BREP IX has $20.5 billion of total capital commitments — the largest real estate fund ever raised. Blackstone is also currently investing two regional opportunistic funds, the €7.9 billion BREP Europe V and the $7.2 billion BREP Asia II.

pbb Deutsche Pfandbriefbank provided an investment loan and a VAT facility of €90 million in total to two real estate funds managed by Credit Suisse Asset Management. The funds will utilise the proceeds for the acquisition of the prime office building Astoria in Warsaw from the developer Strabag. pbb acted as arranger and sole lender under the facilities.

Atenor announced that an agreement has been reached for the sale of the fifth Váci Greens Building to a Hungarian private fund set up by MEFG Zrt. The delivery of the Váci Greens E building, which is being sold in a future state of completion, is scheduled for September 2020.

KGAL has acquired the DRN office building in Prague for a pan-European special real estate Alternative Investment Fund (AIF). The purchase is in line with KGAL’s strategy of Europe-wide diversification across prime locations, and is its first investment in the Czech Republic. The fund now holds properties in Germany, Austria, Ireland, Hungary, the Netherlands, Poland and the Czech Republic.

Skanska has sold two office buildings in Poland – Nowy Targ in Wroclaw and High5ive in Krakow –to real estate funds managed by Credit Suisse Asset Management Global Real Estate.

Zeitgeist Asset Management, a company specialising in property development and asset management for the private and institutional investors, purchased from the Orange company, on 29 August, a complex of real properties located 300 meters from the Palace of Culture and Science, at Nowogrodzka and Św. Barbary Streets in Warsaw.