ARTICLES IN Investment  TOPIC

News Star Capital buys two Czech shopping centres
16
Aug
2017

Star Capital buys two Czech shopping centres

by Ákos Budai
Prague-based Star Capital Investments has become the new owner of the Futurum Ostrava and OC Haná shopping centres in the Czech Republic. CBRE participated in these transactions, representing the foreign sellers. CBRE also manages the building and leasing activities for Futurum Ostrava.
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News Hines sells Warsaw’s Proximo I for €117 million
09
Aug
2017

Hines sells Warsaw’s Proximo I for €117 million

by Ákos Budai
Hines has sold the Proximo I office building from the portfolio of the Hines Russia & Poland Fund to the CSNF fund, which is managed by Czech investor REICO IS ČS, for €116.6 million.
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News Globalworth completes Green Court acquisition in Bucharest
09
Aug
2017

Globalworth completes Green Court acquisition in Bucharest

by Ákos Budai
Globalworth Real Estate Investments announced the completion of the previously announced acquisition of Green Court Bucharest Building C. The transaction was effected through the acquisition of 100% of the shares of SPC Epsilon Property Development Company s.r.l., the company owning the asset, for a consideration paid to Skanska of approximately €38 million.
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News AFI Europe and Dedeman cancel sale of AFI Park offices
07
Aug
2017

AFI Europe and Dedeman cancel sale of AFI Park offices

by Ákos Budai
AFI Europe and Dedeman have agreed to cancel the sales transaction of the AFI Park 1-3 office buildings in Bucharest, Romania.
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News Europa Capital sells its Budapest office portfolio for €60 million
02
Aug
2017

Europa Capital sells its Budapest office portfolio for €60 million

by Ákos Budai
Europa Capital has concluded the sale of a portfolio comprising two city centre office buildings in Budapest with a total floor area of approximately 26,000 sqm. KGAL, a European asset and investment manager, acquired the Kálvin Square and CityZen assets on behalf of institutional investors. The combined price for the portfolio is approximately €60 million. The property management will be carried out by KGAL´s local partner ConvergenCE. 
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News West End Business Center in Budapest sold to OTP fund
02
Aug
2017

West End Business Center in Budapest sold to OTP fund

by Ákos Budai
An international investment consortium comprising Wing, Morgan Stanley Real Estate Investing and CC Real has sold the West End Business Center office building in Budapest to OTP Property Investment Fund.
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News Immochan Romania buys Coresi Business Park in Brasov
02
Aug
2017

Immochan Romania buys Coresi Business Park in Brasov

by Ákos Budai
Immochan Romania has acquired Coresi Business Park in Brasov from Jacobs Holding. The 40,000 sqm office project is located next to Immochan’s retail and residential developments. The transaction price has not been disclosed.
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News Arcona buys Szczecin office building
01
Aug
2017

Arcona buys Szczecin office building

by Ákos Budai
Arcona Capital has finalised the acquisition of the Maris office building in Szczecin, Poland from Bywater Properties for approximately €8.9 million. Following this acquisition, Polish assets now account for 40.5 percent of the portfolio of Arcona’s Arcona Property Fund. 
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News Aerium sells Brno shopping centre to CPI
28
Jul
2017

Aerium sells Brno shopping centre to CPI

by Ákos Budai
Pan-European fund manager Aerium has sold a shopping centre in Brno to CPI Property Group, for an undisclosed sum. Built in 2004, Kralovo Pole Shopping Centre comprises of a two-level gallery with 78 shops and a food court, providing a total of 26,500 sqm GLA plus 900 parking spaces. It is anchored by a Tesco hypermarket.
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News Union Investment sells Budapest office building to Erste fund
27
Jul
2017

Union Investment sells Budapest office building to Erste fund

by Ákos Budai
Union Investment has sold the 18,000 sqm office property Krisztina Palace in Budapest. The property was acquired in 2008 as a development project and has been part of the portfolio of the open-end real estate fund Unilmmo: Global ever since. The property has been purchased by the Erste Open-Ended Real Estate Investment Fund, managed by Erste Asset Management, the asset management arm of Erste Group. CBRE brokered the transaction and the legal firm CMS provided legal advice. 
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Latest news


New leases

  • LS Logistics has leased over 6,000 sqm in warehouse and office space at Hillwood Janki Sokołów. As a result of the transaction, Hillwood Poland's 33,000 sqm warehouse centre is now fully leased.
  • Polkomtel, a part of the Polsat Plus Group, will move into the Sterling Business Center, a building managed by GTC and located in Łódź (central Poland) this December. The company will occupy over 3,000 sqm.
  • Kolejkowo - creator of exhibitions with miniature models of places from Poland and all over the world - will open a new 1,110 sqm space in the Warsaw Towers office building from CA Immo's portfolio, occupying almost the entire first floor of the building. Kolejkowo in Warsaw Towers will be available to visitors as early as mid-March 2025.

New appointments

  • Tomasz Waligórski will take over as General Manager of the Carrefour chain in Poland from 1 November. In this function, he will replace the previous, long-standing director of the Polish branch, Tareck Ouaibi.
  • Savills consultancy announced the strengthening of the Landlord Representation team within its office space division. Kamila Bartosik-Budecka and Michał Porzycki have joined the team.
  • Andreea Comșa has been appointed Commercial Director of Speedwell. In her new position, she will lead and coordinate the operations of the commercial department with responsibility for the sales and leasing teams. She will also oversee the implementation of sales and development strategies, being fully involved in marketing initiatives and expanding existing business segments.

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