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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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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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Latest news


New leases

  • SoftServe has opened an office in the Lubicz Park building in Kraków's Grzegórzki district. The software company has taken up approximately 660 sqm.
  • Global brokerage firm Mercer, part of the Marsh McLennan Group, has renegotiated its lease at the myhive Nimbus building in Warsaw and remains at 7,300 sqm. As of 2021, the building is owned by CPI Property Group Poland.
  • Baskervill, an international architectural, engineering, and design firm, opened up its office in Gdańsk. A 200-sqm space is located in Officyna building.

New appointments

  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.
  • Walter Herz consulting company has announced promotions in the Marketing and Sales team as well as the Tenant Representation team. Karolina Migdał-Koleśnikow has taken on the position of Sales & Marketing Director, and Michał Porzycki has assumed the role of Head of Tenant Representation Warsaw.
  • The Management Board of Polski Holding Nieruchomości S.A. has appointed Maciej Klukowski as a member of the Management Board for Real Estate Asset Management.

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