Promenade Gardens, a recently completed office building on Budapest’s Váci corridor, changed owners on 1 August 2018, when Erste Real Estate Fund purchased the 97% leased property from the developer, Budapest-based Horizon Development. The new, dual certified (LEED Gold and BREEAM Very Good) asset of 25,000 sqm has already been chosen by a number of international tenants such as Celanese and Citibank, with more signed deals to be revealed soon.

EPP announced the completion of its acquisition of the King Cross Marcelin Shopping Centre. The €91.1 million acquisition is EPP’s first entry into Poznan and brings the company’s portfolio to 19 retail projects.

CTP plans to invest €75 million in the acquisition of properties in Belgrade and Novi Sad as well as further developments all totalling 120,000 sqm of lettable area.

Focus Estate Fund has closed the transaction on the acquisition of the Galeria Awangarda shopping centre in Bartoszyce (Poland). The centre has a GLA of 6,126 sqm.

International Campus and Alkyon Partners GmbH are developing an apartment building for students and young professionals in Kraków, which will be operated by International Campus under the brand "THE FIZZ". Located on the science and technology campus in the up-and-coming, centrally located Zablochie neighbourhood, the apartment building will have approximately 1,000 apartments. In addition, "THE FIZZ Krakow" will include extensive communal areas, 88 underground parking and 33 outdoor parking spaces for cars as well as approximately 970 bicycle parking spaces.

Poznań’s Galeria Malta, under a JV co-owned by Heitman and Neinver, has been sold to an unnamed new investor. At the same time, Balmain Asset Management and BSC Real Estate Advisors have been designated respectively as the new asset manager and property manager of the shopping centre, replacing Neinver.

Globalworth Poland announced the acquisition of Spektrum Tower in Warsaw from Europa Capital for €101 million. With this acquisition, the combined value of the company's portfolio is now broadly split between Romania and Poland.

The founders behind Unissu, the leading global platform for all PropTech data, information and research, have announced they have acquired Singapore based www.disruptproperty.com

Forte Partners has purchased a 5,400 sqm land plot for the third building of The Bridge in Bucharest. At an average price of at least €500 per square meter in the area, the deal could amount to €2.7 million, zf.ro estimates.

Colliers sold the former Remy Automotive industrial site in Mezőkövesd, Hungary to Kiss és Társa Ltd, a local entrepreneur in the iron/metal business. The site has approx. 16 000 sqm buildings on a 13.6 ha plot and will be used for iron/metal production and warehousing purposes. Colliers represented the vendor, BorgWarner, the widely known, major automotive supplier during the transaction.