The European Bank for Reconstruction and Development has issued a €100 million loan to the Polish subsidiaries of Vantage Development, a residential-for-rent developer and operator, ultimately owned by Germany’s TAG Immobilien.

Immofinanz signed a new five-year, €180 million green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire, one of the tallest office towers in the capital of Poland with GLA of more than 71,000 sqm and a BREEAM Excellent certification. The green loan replaces a previous financing that was due to mature in January 2025.

The Prague Development Company (PDS) has submitted a regular market valuation of its real estate portfolio in Prague of 757,000 sqm of urban land intended primarily for residential construction. 

In Q3 2024, we observed a clear revival in the Polish investment market. By the end of September, the transaction value reached €2.7 billion, marking an almost 60% year-on-year increase. In the last quarter, seven major portfolio transactions were completed, accounting for nearly 50% of the total investment volume, which contributed, among other things, to a recovery in the warehouse market, says Avison Young experts. 

Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.

W. P. Carey, a leading net lease REIT specialising in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, has announced the sale-leaseback of 123 retail stores in Poland. 114 stores were acquired in July, with the remaining nine stores acquired in September. The portfolio is triple-net leased to Żabka, a leading Polish convenience retailer, for a term of 20 years.

Revetas Group announces the disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.

Atenor announced the signing of an agreement with an undisclosed investor for the sale of the Lakeside project, located in Warsaw. This transaction, which is expected to be finalised by the end of the year, is a part of Atenor’s debt reduction strategy.

Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.

CA Immo has placed a €350 million fixed rate senior unsecured green bond with a 5.5-year maturity and an annual coupon of 4.25%. The issuance was almost five times oversubscribed at final terms with strong demand from around 150 investors.