ARTICLES IN Investment  TOPIC

News Globalworth closes landmark transaction in Romania
31
May
2016

Globalworth closes landmark transaction in Romania

by Ákos Budai
Globalworth Real Estate Investments has signed an agreement to offer real estate secured bonds worth a total of 180 million euros. 150 million euros will be subscribed by Canada Pension Plan Investment Board (CPPIB) and the remaining 30 million euros by funds managed by Cairn Capital (“Cairn”). 
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News Echo Investment obtains loans worth over EUR 317 million
19
May
2016

Echo Investment obtains loans worth over EUR 317 million

by Ákos Budai
Warsaw-based developer Echo Investment has concluded two loan agreements worth over EUR 317 million with Berlin Hyp, ING Bank Śląski and Helaba – Landesbank Hessen-Thüringen. These investment loans will be used to refinance four office and seven retail projects.
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News Former UBS Fund disposes of Warsaw office building
19
May
2016

Former UBS Fund disposes of Warsaw office building

by Ákos Budai
Acting in its capacity as advisor for a German depositary bank, who is currently administrating the German Special-AIF UBS (D) Sector 3 Real Estate Europe, UBS Real Estate GmbH has sold the Nova Praga office building in Warsaw to Mazovia Capital. Cushman & Wakefield and Magnusson Law represented the vendor in the transaction. The building will now be known as Mazovia Plaza.
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News Investors still seem to favour Poland within CEE
17
May
2016

Investors still seem to favour Poland within CEE

by Ákos Budai
According to Cushman & Wakefield, strong investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the first quarter of 2016, with EUR 1.4 billion invested. The slight decrease in transaction volume of 5% compared to the corresponding period of 2015 was smaller than the 14% fall recorded for Europe overall. Q1 activity was also above the long-run average of EUR 1.2 billion since 2007.
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News Property investment volumes slightly down in CEE
11
May
2016

Property investment volumes slightly down in CEE

by Ákos Budai
Investment into Central and Eastern European (CEE) countries (excluding Russia) for Q1 2016 registered a slight decrease (6%) compared to the same period of last year, reaching €1.84 billion, CBRE’s research shows. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015, with all CEE countries expected to perform strongly. 
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News GTC buys two buildings in Bucharest
28
Apr
2016

GTC buys two buildings in Bucharest

by Ákos Budai
GTC has acquired two buildings in Bucharest, Premium Plaza and Premium Point. The two modern A-class office buildings in the capital’s CBD will increase GTC’s Romanian portfolio by 15,000 square metres of net leasable area.
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News OTP REIF acquires a logistics centre in Győr
28
Apr
2016

OTP REIF acquires a logistics centre in Győr

by Ákos Budai
OTP Real Estate Investment Fund has acquired a 30-thousand-square-metre logistics property within the Industrial Park of Győr. The purchase is part of a portfolio optimization strategy, by which the Fund aims to increase the yields of the OTP Real Estate Investment Fund.
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News Immofinanz and CA Immo announces plan to merge
18
Apr
2016

Immofinanz and CA Immo announces plan to merge

by Ákos Budai
IMMOFINANZ AG announced today that it has entered into an agreement to acquire 25,690,167 ordinary shares that represent ca. 26% of the outstanding share capital and voting rights in CA Immo from O1 Group Limited and Terim Limited. The acquisition is a first step towards a planned full combination of IMMOFINANZ and CA Immo by way of a statutory merger. Prior to the envisaged merger, IMMOFINANZ is planning to demerge or sell its Russian asset portfolio which is characterised by different market dynamics and a higher risk profile.
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News Domestic investors to be the most active players in Hungary
07
Apr
2016

Domestic investors to be the most active players in Hungary

by Ákos Budai
According to the CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016.
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News HB Reavis Group sells Váci Corner Offices in Budapest
31
Mar
2016

HB Reavis Group sells Váci Corner Offices in Budapest

by Ákos Budai
HB Reavis Group and Zeus Capital Management have completed the sale and purchase of Váci Corner Offices. HB Reavis Group’ first development in Hungary, located in the heart of the Váci út office corridor in Budapest, has been purchased by a group of investors represented by Zeus Capital Management. This is the first major office transaction in the Hungarian real estate market in 2016, as well as a milestone in the business development of HB Reavis in Hungary. This acquisition is made by Zeus Capital Management in relation to its commercial properties investment platform dedicated to Central East and South East Europe.
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Latest news


New leases

  • Rossmann drugstore, Itaka travel agency and Świat Pierogów restaurant have joined the group of tenants at the Silwana retail park in Gorzów Wielkopolski. The premises leased by Rossmann will cover an area of 550 sqm, while Świat Pierogów will occupy a space of 65 sqm.
  • CCC and HalfPrice are joining the tenants of Pasaż Ciechanowski. The brands will occupy a total of more than 2,500 sqm. The opening of the retail park in Ciechanów is scheduled for the fourth quarter of 2025.
  • The Media Expert chain has joined the group of tenants at Nowa Sukcesja. The electromarket will occupy an area of over 900 sqm in the Łódź facility. The opening of Nowa Sukcesja is planned for the fourth quarter of 2024.

New appointments

  • 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.
  • MLP Group has announced that Tomasz Zabost has resigned as a member of the management board with immediate effect, without stating the reasons for his resignation. He became a member of MLP Group's management board in January 2015.
  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.

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