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News Globalworth acquires Wroclaw office building
31
May
2018

Globalworth acquires Wroclaw office building

by Property Forum
Globalworth announced the acquisition of West Link, a recently completed office property in Wroclaw, by Globalworth Poland. West Link is located to the west of the city centre and is well situated on Wroclaw's key communication arteries. It offers 14,400 sqm gross leasable area and occupancy of 100%, with an annual contracted rental income of €2.5 million and a weighted average lease length in excess of 6 years. The main tenant is Nokia Solutions & Network, which is also the main tenant at GPRE's West Gate, an adjacent high-quality office property which comprises a further 16,600 sqm.
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News Revetas Capital to buy Bucharest office building from Piraeus Bank
22
May
2018

Revetas Capital to buy Bucharest office building from Piraeus Bank

by Property Forum
Piraeus Bank is about the sell the Landmark office buildings in Central Bucharest to Revetas Capital, ZF has learnt.
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News Globalworth issues new corporate bonds worth €500 million
22
May
2018

Globalworth issues new corporate bonds worth €500 million

by Property Forum
Globalworth Real Estate Investment Limited in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, announced the second admission to trading on the Bucharest Stock Exchange (BVB) of the corporate bonds issued by the company, with a total value of €550 million.
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News Bucharest office complex sold to Lion’s Head Investments
22
May
2018

Bucharest office complex sold to Lion’s Head Investments

by Property Forum
Real estate developer Portland Trust and investment fund Ares Management have sold the Oregon Park office complex in Bucharest to Lion’s Head Investments, a joint-venture between South African investment fund Old Mutual Property and AG Capital, for an undisclosed sum.
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News Cromwell and Bouygues to invest €500 million in CEE logistics
16
May
2018

Cromwell and Bouygues to invest €500 million in CEE logistics

by Property Forum
Cromwell Property Group, has entered into a strategic partnership with Linkcity, member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.
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News JLL secures €11 million refinancing for Bucharest building
16
May
2018

JLL secures €11 million refinancing for Bucharest building

by Property Forum
JLL has secured €11 million to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania provided the loan for the property, which comprises 9,250 square meters rentable area.
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News Prologis invests in second Pilsen logistics park
10
May
2018

Prologis invests in second Pilsen logistics park

by Property Forum
Prologis announced that Prologis European Logistics Fund (PELF) has acquired the 43,700 sqm Mountpark Pilsen in the Czech Republic.
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News Globalworth buys Krakow business park
09
May
2018

Globalworth buys Krakow business park

by Property Forum
Globalworth Poland Real Estate has agreed on terms and is conditionally proceeding with the acquisition of Quattro Business Park in Krakow, Poland.
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News Skanska sells Bucharest office building to CA Immo
07
May
2018

Skanska sells Bucharest office building to CA Immo

by Property Forum
CA Immo has acquired Campus 6.1 office building in Bucharest from Skanska; the transaction volume is approx. €53 million. The closing of the transaction is subject to the conditions usual for such transactions and is expected by the end of 2018.
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News Madison buys into Ghelamco’s Warsaw Spire
02
May
2018

Madison buys into Ghelamco’s Warsaw Spire

by Import Sys
Madison International Real Estate Liquidity Fund VI LP has taken a 50% stake in the Warsaw Spire office tower, becoming an equal owner alongside the Ghelamco GP12 fund. The value of the tower is approx. €350 million. Warsaw Spire is the tallest office building in Central Europe and the acquisition is one of the country’s largest office real estate transactions in recent times.
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Latest news


New leases

  • Buchareast-based office project Floreasca Park has reached over 80% occupancy, following over 4,400 sqm of recent leasing activity. Leroy Merlin has leased 3,900 sqm, while IGEL Technology is occupying 515 sqm.
  • Henkel Romania has sold a 1,800 sqm property in central Bucharest, which served as its HQ, to a high-end residential developer. The deal was brokered by iO Partners.
  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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