Dedeman has signed a contract for the purchase of The Office in Cluj-Napoca. The sellers are developers NEPI Rockcastle and Ovidiu Sandor. The purchase price has not been disclosed, but it is estimated to be around €100 million.

Globalworth announced the conditional agreement for the acquisition of two investments in Poland, which were identified as part of its acquisition pipeline announced on 11 March 2019, for a combined transaction value of €113.2 million. The transaction is expected to close by the end of July 2019, subject to the fulfilment of customary conditions.

JSE-listed EPP successfully completed an equity raise of ZAR 1.45 billion equating to approximately €90 million. The Polish retail company will use the equity to fund tranche 2 of its M1 portfolio transaction. The company expects to complete tranche 2 of the M1 transaction by June of this year. The deal is expected to add an additional 184,000 sqm of retail GLA to EPP’s portfolio.

Fund management company Redside has completed the acquisition of an industrial building in Pilsen, Czech Republic, with a total lettable area of 25,000 square meters. The seller is the current occupier of the property, the Japanese cable maker Yazaki. The new owner has joined forces with Panattoni Europe, for further development.

A fund managed by GLL Real Estate Partners has acquired Gatehouse Offices – an office building constructed by Echo Investment at Warsaw Brewery complex, with the space leased by such companies as L’Oréal Polska, WeWork, Epam Systems Poland and Sony Interactive Entertainment Polska. The parties signed a preliminary agreement in November last year.

The Palace of the Generala Insurance Company, a historical building in the city centre of Bucharest that served as the headquarters for lender BCR, the local subsidiary of Austrian Erste Bank group, has been put up for sale.

DBK, a Czech retail specialist, has acquired a majority share in Europark – Štěrboholy, a shopping centre in Prague 10 from Austrian developer, SES Spar European Centers.

M7 Real Estate announced that, on behalf of M7 Polish Active Fund (M7 POLAF), it has acquired three multi-let office assets in Poland in separate transactions for a total of €45 million which will form the first tranche of capital deployed for the Fund.

Generali Real Estate, on behalf of Generali Europe Investments Holding (GEIH) Fund, has acquired Piękna 2.0, a landmark office building in Warsaw, from an investment fund advised by Griffin Real Estate.

Globalworth has completed new acquisitions of two buildings in Poland, Warsaw Trade Tower (WTT) in Warsaw and Rondo Business Park in Krakow, for c. €170 million. Including these recent additions, Globalworth’s Polish portfolio has grown to almost 500,000 sqm of GLA in office and mixed-use properties.