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News Wing buys three Budapest office buildings
07
Feb
2019

Wing buys three Budapest office buildings

by Property Forum
Hungarian developer Wing has announced the acquisition of several buildings in Budapest’s Infopark office complex. The seller was Lone Star Funds – Hudson Global Advisors.
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News Morgan Stanley in talks for €150 million Bucharest office deal
07
Feb
2019

Morgan Stanley in talks for €150 million Bucharest office deal

by Property Forum
Morgan Stanley Real Estate Romania is reportedly considering the acquisition of the Hermes Business Campus office project in Northern Bucharest, according to zf.ro.
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News Plaza Centers to sell land plot in Brasov
07
Feb
2019

Plaza Centers to sell land plot in Brasov

by Property Forum
Plaza Centers has signed a pre-agreement for the sale of a plot in Brasov, Romania for a total gross amount of €620,000 which is slightly above the last reported book value.
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News KD Funds and Peakside Capital buy Ljubljana hotel
07
Feb
2019

KD Funds and Peakside Capital buy Ljubljana hotel

by Property Forum
KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund (AIF) in Slovenia, managed by KD Funds in partnership with Peakside Capital, has finalised the acquisition of the Austria Trend Hotel in Ljubljana. This transaction represents the fourth commercial real estate acquisition in Slovenia by the KD Adriatic Value Fund, with the first acquisition completed in April 2018.
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News Immofinanz buys remaining 50% of Prague building
07
Feb
2019

Immofinanz buys remaining 50% of Prague building

by Property Forum
Immofinanz has purchased the remaining 50% of the Na Příkopě 14 building in Prague from Lordship and become the sole owner. The revitalised historic prime high street building, located on the prestigious Prague shopping street in the city centre, is almost 100% occupied. The parties to this transaction have agreed not to disclose the purchase price.
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News AEW enters Hungary with high street purchase
31
Jan
2019

AEW enters Hungary with high street purchase

by Property Forum
AEW’s Europe City Retail Fund has acquired a 3,000 sqm mixed-use building in the centre of Budapest for around €18 million. The sellers of the high street building were the Pallas Athéné Foundations, created by the Central Bank of Hungary.
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News Revetas sells Prauge office building to local fund
31
Jan
2019

Revetas sells Prauge office building to local fund

by Property Forum
Conseq Group’s Conseq Realitní investment fund has bought the A7 Office Center in Prague from Revetas. The purchase price has not been disclosed. The 16,000 sqm building is located in the Czech capital’s Holešovice district. The list of tenants includes Czech News Center, Ahold Czech Republic, DM Drugerie and Megapixel.
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News Mitiska REIM buys into large Polish retail portfolio
31
Jan
2019

Mitiska REIM buys into large Polish retail portfolio

by Property Forum
Mitiska REIM, a specialist investor in European retail parks, announced a major new strategic partnership with Karuzela Holding. Under the terms of the agreement, Mitiska REIM and Karuzela will form a joint venture in Poland, and Mitiska REIM’s FRI 2 fund will acquire a 50% holding in 2 retail parks and 2 gallerias owned by Karuzela, with a total gross leasable area (GLA) of 35,600 sqm, and both parties will co-develop 4 additional projects with a total GLA of approximately 60,000 sqm.
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News Zeus buys Warsaw office building from Hines
31
Jan
2019

Zeus buys Warsaw office building from Hines

by Property Forum
Hines and Zeus Capital Management announced the completion of the sale and purchase of the Graffit building in Warsaw. The property owned by Hines Russia & Poland Fund (HRPF) was sold to TAN Poland Sp. z o.o., a company managed by Zeus Capital Management. This is Zeus’ first investment in Poland and it is part of its commercial real estate platform dedicated to Central and South East Europe.
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News Cromwell Property Group sells Brno industrial park
31
Jan
2019

Cromwell Property Group sells Brno industrial park

by Property Forum
Cromwell Property Group has completed the sale of the Pohořelice Industrial Park to an undisclosed buyer for an undisclosed sum. The 44,444 sqm complex, which is situated about 27 km south of Brno, comprises a logistics building, a fully-refurbished cross-dock building and a workshop together with an assembly unit. The asset formed part of the Cromwell European Industrial Fund (CEIF) portfolio.
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Latest news


New leases

  • Buchareast-based office project Floreasca Park has reached over 80% occupancy, following over 4,400 sqm of recent leasing activity. Leroy Merlin has leased 3,900 sqm, while IGEL Technology is occupying 515 sqm.
  • Henkel Romania has sold a 1,800 sqm property in central Bucharest, which served as its HQ, to a high-end residential developer. The deal was brokered by iO Partners.
  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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