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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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News GIC completes €2.4 billion acquisition of P3
05
Jan
2017

GIC completes €2.4 billion acquisition of P3

by Ákos Budai
GIC, Singapore’s sovereign wealth fund, has completed the purchase of P3, one of the leading pan-European owners, developers and managers of logistics properties, from TPG Real Estate and Ivanhoé Cambridge. The deal, which values the business at €2.4 billion, was first announced in November 2016, but had to be approved by EU regulators before it could be finalised. It is one of the largest European real estate transactions of 2016.
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News TPG Real Estate acquires A&O Hotels and Hostels
05
Jan
2017

TPG Real Estate acquires A&O Hotels and Hostels

by Ákos Budai
TPG Real Estate, the real estate platform of global private investment firm TPG, announced that it has completed the purchase of A&O Hotels and Hostels, the largest fully integrated, privately-owned, hostel platform in Europe. The transaction will help A&O expand and enhance its operations.
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News RECE Group sells Polish portfolio to Arcona Property Fund
02
Jan
2017

RECE Group sells Polish portfolio to Arcona Property Fund

by Ákos Budai
Real Estate Central Europe Group has finalised its sale of eight retail and service schemes totalling more than 16,000 sqm to Dutch investment fund Arcona Property Fund. Cushman & Wakefield represented the vendor in the transaction.
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News Skanska sells Westin Warsaw to Qatari group for €56m
02
Jan
2017

Skanska sells Westin Warsaw to Qatari group for €56m

by Ákos Budai
Skanska has sold Westin Warsaw, a five star hotel in Warsaw, Poland, to Al Sraiya Holding Group. The value of the transaction is €56 million and the sale was recorded by Skanska Commercial Development Europe in the fourth quarter of 2016. The transaction is expected to be closed in the first quarter of 2017.
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News Echo Investment to sell Krakow landmark building
02
Jan
2017

Echo Investment to sell Krakow landmark building

by Ákos Budai
Echo Investment has agreed to sell the former Cracovia hotel building in Krakow to Poland’s Ministry of Culture. In the future, the new owner plans to use the site as a location for a gallery of design and architecture.
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News Echo Investment and EPP finalise €120 million purchase
29
Dec
2016

Echo Investment and EPP finalise €120 million purchase

by Ákos Budai
Echo Polska Properties (EPP) and Echo Investment concluded final agreements concerning a joint purchase and development of a mixed-use project at 22 Towarowa Street in Warsaw. The property with an area of 6.5-ha is located in a rapidly developing part of the capital city and it is the largest commercial plot in the city centre.
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News Singapore-based M&L buys Prague hotel from Blackstone
23
Dec
2016

Singapore-based M&L buys Prague hotel from Blackstone

by Ákos Budai
Blackstone has sold the Hilton Prague Old Town hotel and Gestin Centrum, an adjacent 6,900 sqm mixed use commercial building, to Singapore-based real estate investment group M&L Hospitality. JLL’s Hotels & Hospitality group advised Blackstone on the sale.
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News IAD Investments makes record purchase in Slovakia
22
Dec
2016

IAD Investments makes record purchase in Slovakia

by Ákos Budai
Slovak investor IAD Investments, acting through its fund Prvý realitný fond o.p.f., has purchased Laugaricio Shopping Centre in Trenčín, Slovakia. The original owners were private investors represented by Mint Investments. This sale, the largest property transaction in Slovakia this year, was brokered by Cushman & Wakefield. 
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News CIB Bank sells former Budapest HQ
21
Dec
2016

CIB Bank sells former Budapest HQ

by Ákos Budai
Cushman & Wakefield, representing CIB Bank, have facilitated the transfer of the former CIB Bank Headquarter offices on Szabadság square, Central Budapest to a German investor as of December 1, 2016. 
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Latest news


New leases

  • GLP has signed a new lease agreement with Static Control, a manufacturer and supplier of printer consumables for 7,000 sqm at Wrocław V Logistics Centre in Magnice near Wrocław in Poland. The complex is now fully leased.
  • Less than four months after deciding to enter Panattoni Park Tricity East I, Chemart International Trader has decided to expand and occupy an additional 3,000 sqm. The company was represented in the negotitions by Axi Immo.
  • Newgate Investment has signed lease agreements for two Polish premises with a total area of around 1,200 sq m, previously leased by Neonet. A Rossmann shop will open on the space in Zgierz and a Media Expert shop in Grodzisk Mazowiecki.

New appointments

  • Szymon Zduńczyk has joined the Management Board of Karimpol Poland as of 1st of March, 2024. The former Executive Director has been promoted to Managing Director and Member of the Management Board of the Group's Polish subsidiary. Mr Zduńczyk is the first Pole in the company's history to sit on its Management Board alongside Andreas Prokes and Harald Jeschek.
  • Building on the successes of last year, GARBE Industrial Real Estate CEE is responding by promoting Martin Stratov to the position of GARBE Director for the Czech Republic and Slovakia, Veronika Zacha will be the new Head of Business Development and Construction in the Czech Republic and Jan Hradecky will move to the position of GARBE Project Management Manager for the Czech Republic.
  • Gellért Berkes has been appointed as Head of Property Management at ConvergenCE. He has been a member of the real estate development team for two and a half years. He has nearly 15 years of professional real estate experience.

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