ARTICLES IN Investment  TOPIC

News Echo Investment places bond issuance of PLN 50 million
25
Oct
2018

Echo Investment places bond issuance of PLN 50 million

by Property Forum
Individual investors have subscribed to all offered I-series bonds of Echo Investment. The developer will issue the securities worth PLN 50 million (app. €11.6 million).
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News Goldman Sachs buys Budapest office building
22
Oct
2018

Goldman Sachs buys Budapest office building

by Property Forum
Goldman Sachs has purchased the Science Park office building in Budapest from an undisclosed buyer. CBRE represented the seller and Cushman & Wakefield advised the buyer in the transaction, the two firms announced on LinkedIn.
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News Plaza Centers sells land plot in Romania
19
Oct
2018

Plaza Centers sells land plot in Romania

by Property Forum
Plaza Centers N.V. has signed a pre-agreement for the sale of a land plot in Miercurea Ciuc, Romania for €1.55 million.
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News Slovenian retailer sells 10 shopping centres
17
Oct
2018

Slovenian retailer sells 10 shopping centres

by Property Forum
Slovenian retailer Mercator has sold 10 shopping centres with a total GLA of 108,800 sqm in Slovenia to Austrian Supernova Group for €116.6 million. Mercator will rent parts of the centres, the company said in a filing to the Ljubljana Stock Exchange.
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News WDP buys Cluj logistic park from CTP
15
Oct
2018

WDP buys Cluj logistic park from CTP

by Property Forum
Belgian industrial and logistics developer WDP has acquired the CTPark Cluj I logistic park from CTP. The park, which was delivered last year, is leased by retailer Profi.
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News Hong Kong fund and Wigan buy Budapest building
12
Oct
2018

Hong Kong fund and Wigan buy Budapest building

by Property Forum
JLL has advised the seller on the disposal of the K6 office building located in Budapest. The building was acquired by a Hong Kong private investment fund partnering with Wigan Acquisitions.
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News Penta plans project next to Prague's main railway station
04
Oct
2018

Penta plans project next to Prague's main railway station

by Property Forum
Penta, Sudop and Czech Railways are planning a new real estate project next to Prague's main railway station. The project would involve covering the railroad tracks between Španělská, Legerova and Vinohradská streets at the southern tip of the station, local daily E15 learned.
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News CA Immo buys second Warsaw Spire building
04
Oct
2018

CA Immo buys second Warsaw Spire building

by Property Forum
CA Immo signed and closed a sales and purchase agreement to acquire the centrally located Warsaw Spire C office building comprising of 21,700 sqm GLA in Warsaw, Poland. The transaction volume of the fully leased landmark Class A property amounts to around €100 million, the annual gross rental income reaches around €5.4 million. With this transaction, CA Immo takes another step in its CEE core market expansion strategy, setting the path for continued growth of the companies´ recurring earnings. According to plan, the acquisition will already contribute to recurring earnings (FFO) of CA Immo in the fourth quarter of 2018. Greenberg Traurig (legal), KPMG (tax) and Arcadis (technical) acted as advisors to CA Immo.
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News WDP to invest €75 million in Romania by 2019
04
Oct
2018

WDP to invest €75 million in Romania by 2019

by Property Forum
Belgian logistics property developer Warehouses de Pauw (WDP) plans to invest €75 million in four properties on three different sites in Romania by the end of 2019.
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News Prologis completes sale of $1.1 billion global portfolio
02
Oct
2018

Prologis completes sale of $1.1 billion global portfolio

by Property Forum
Prologis has completed the sale of a high-quality portfolio of buildings and land in Europe and the United States to a Singapour-based Mapletree for $1.1 billion.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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