Hungarian investor and developer Wing has signed a preliminary agreement to acquire majority interest (c.a. 56% of shares) in Echo Investment, a Polish developer listed on the Warsaw Stock Exchange. Echo Investment has almost 90 projects in the pipeline, with the total estimated usable area of c.a. 1.3 million sqm.

CPIPG expects to acquire more than €800 million of high-quality offices in Warsaw, Poland during Q4 2019 and early Q1 2020. The company’s team in Warsaw has identified eight properties totalling more than 235,000 sqm and has signed letters of intent (with exclusivity) on assets valued at more than €700 million.

Mountpark Logistics, a developer of industrial and logistics property, has acquired a 30 hectare site at Bernolakova, Bratislava, which has the potential to deliver up to 120,000 sqm of new logistics accommodation.

Golub GetHouse has finalised the purchase of a plot of land located at ul. Grzybowska 59 in Warsaw. In accordance with the provisions of the building permit with respect to this real property, a residential tower of over 160 m with apartments for rent will be erected on the plot of 2,740 sqm.

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totalling €230 million to refinance Warsaw Spire Tower. The asset is owned by Immofinanz. The financing transaction closed in September 2019. Helaba, Berlin Hyp and pbb are acting as joint lead arrangers providing equal portions of the funding, with Helaba acting as facility and security agent of the transaction.

IMS Budownictwo has completed the sale process of Building A of the Zabłocie Business Park in Kraków. A company from the Austrian insurance group Uniqa became the office property’s new owner. The final agreement was signed on September 12th, with the transaction amounting to nearly €30 million. Knight Frank acted on behalf of the seller.

Warburg-HIH Invest Real Estate is about to acquire the River Garden 1 in Prague via a share deal. The office building with its gross lettable area of 19,000 square metres and another 1,300 square metres of patio space is earmarked for the individual fund of a German investor. In addition to flexible office accommodation on six floors, the property from 2012 offers around 2,200 square metres of retail area.

Globalworth announced its intention to raise additional equity capital via a placing of up to approximately 28.5 million new shares to existing and new investors to take advantage of a strong pipeline of acquisition opportunities identified by the company.

White Star Real Estate and its partner, an investment fund of a major US university have completed the acquisition of Liberty Technology Park Cluj from Fribourg Development, the real estate division of Fribourg Capital. Liberty Technology Park comprises 18,000 sqm of former industrial buildings. The five Class A office buildings are BREEAM certified. Located north of the city, the park has a number of IT&C and R&D tenants, such as Siemens, IBM, Majorel and Altran.

Vastint Poland has entered into a definitive agreement for the sale of the first stage of Business Garden Poznan. The Singaporean fund Cromwell European REIT became the new owner of the property.