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News Arcona Capital acquires 3 more Polish shopping centres
19
Jan
2017

Arcona Capital acquires 3 more Polish shopping centres

by Ákos Budai
Arcona Capital has announced that its Arcona Property Fund is on course to complete the acquisition from RECE of a portfolio of 11 neighbourhood shopping centres in Poland for €25.9 million. Arcona has already completed on eight of the centres and will complete on the other three centres by the end of the first quarter of 2017.
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News CA Immo becomes sole owner of two CEE office buildings
18
Jan
2017

CA Immo becomes sole owner of two CEE office buildings

by Ákos Budai
CA Immo has completed negotiations with Union Investment Real Estate GmbH on acquiring 49% of shares each in the office buildings Danube House in Prague and Building A of Infopark in Budapest, both so far part of the open-ended property fund UniImmo: Europe. The deal, which has already been closed, will make an immediate positive contribution to long-term profitability by around €3 million.
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News CPI Property Group to acquire CEE retail portfolio from CBRE GI
17
Jan
2017

CPI Property Group to acquire CEE retail portfolio from CBRE GI

by Ákos Budai
CPI Property Group anticipates the acquisition of a retail portfolio located in the Czech Republic, Hungary, Poland and Romania from funds managed by CBRE Global Investors. If completed, this can become the largest real estate deal of the region in 2017.
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News CBRE GI acquires Prague shopping centre from Tesco
16
Jan
2017

CBRE GI acquires Prague shopping centre from Tesco

by Ákos Budai
CBRE Global Investors has acquired, on behalf of a separate account client, Prague’s Letňany Shopping Centre from Tesco. The value of the transaction has not been disclosed.
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News Aberdeen Asset Management sells Bucharest office building
12
Jan
2017

Aberdeen Asset Management sells Bucharest office building

by Ákos Budai
Aberdeen Asset Management Deutschland AG has signed an agreement to sell the Construdava office building in Bucharest to AdamAmerica, the advisor of the seller, Colliers International reported.
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News Retail investors go for non-core markets in Europe
12
Jan
2017

Retail investors go for non-core markets in Europe

by Ákos Budai
International real estate advisor Savills has reported that investors into Europe’s retail sector are shifting their interest to some of the continent’s non-core markets. Investment into Europe’s retail sector during Q1-Q3 2016 reached €33.3 billion across the 15 markets that Savills covers, down 28% from the 2015 record volume. However, despite the overall drop of total turnover in the two largest markets of the UK (-18%) and Germany (-46%) during this time period, Europe’s non-core markets in contrast have experienced a significant rise in retail investment. These include: Ireland (223% to €1.46 billion); Poland (126% to €1.4 billion) and Italy (119% to €1.8 billion).
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News Exeter acquires logistic park in Szczecin
12
Jan
2017

Exeter acquires logistic park in Szczecin

by Ákos Budai
American investor Exeter Property Group has finalized its acquisition of the North-West Logistic Park warehouse and production complex in Szczecin, Poland from Waimea Holding. The value of the transaction has not been disclosed. 
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News Aviva and LaSalle acquire Prague office building for €84 million
11
Jan
2017

Aviva and LaSalle acquire Prague office building for €84 million

by Ákos Budai
Aviva Investors and LaSalle Investment Management have acquired River Garden II & III in Prague, on behalf of the Pan-European Fund Encore+ for €84 million. River Garden II & III, developed by HB Reavis is Class A office building with ground floor retail, located in the Karlin district of Prague. This is the first acquisition that Encore+ has made in the Czech Republic.
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News Over €4.4 billion transacted in Poland last year
10
Jan
2017

Over €4.4 billion transacted in Poland last year

by Ákos Budai
According to JLL’s preliminary forecasts, the total volume of real estate deals on the Polish investment market in 2016 may amount to almost €4.4 billion. The real standout performer was the retail market which came in with nearly €2 billion, followed by the office segment with €1.7 billion and the industrial/logistics sector with nearly €0.5 billion.
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News Prologis acquires M0 Central Business Park in Hungary
10
Jan
2017

Prologis acquires M0 Central Business Park in Hungary

by Ákos Budai
Prologis has announced that Prologis European Properties Fund II (PEPFII) has acquired M0 Central Business Park in Hungary from IDI Gazeley. Two newly acquired, 100 percent let, facilities totalling 31,443 square metres will become part of the adjoining 98-percent let Prologis Park Budapest-Sziget, which currently comprises seven buildings totalling 150,000 square metres.
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Latest news


New leases

  • The District Labour Inspectorate in Gdańsk will move its headquarters to the Palio Office Park B office building located on the site of the Gdańsk Shipyard. The institution will rent more than 1.7 thousand sqm on two floors in the facility.
  • Societe Generale Branch in Poland and SG Equipment Leasing Poland, companies belonging to the French financial group Societe Generale, are moving into the Studio complex by Skanska in Warsaw. Both companies will occupy offices in Building B on ul. Łucka. They will be the first of four tenants in the office building completed in Q4 2023. In total, Skanska's investment offers 16,400 sqm of office space, which is now fully leased.
  • Warsaw-based team Nrep and Urban Partners has moved to new premises in the Metropolitan office building at 3 Pilsudski Square.

New appointments

  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
  • Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
  • GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.

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