ARTICLES IN Investment  TOPIC

News Globalworth eyes NEPI-owned office buildings in Romania
15
Jan
2018

Globalworth eyes NEPI-owned office buildings in Romania

by Import Sys
Globalworth is, according to zf.ro, in talks with NEPI Rockcastle to acquire The Office Cluj and City Business Centre Timisoara. The investor completed a €330 million ordinary share issue at the end of last year and intends to use the money raised for investments in Poland and Romania.
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News Erste Real Estate Fund acquires Budapest retail park
15
Jan
2018

Erste Real Estate Fund acquires Budapest retail park

by Import Sys
Market Central Ferihegy, one of the largest retail parks in Hungary, and adjacent office complex Quadrum have been acquired by Erste Real Estate Fund. According to Erste Asset Management, growth of the economy and expansion of the retail market in Hungary may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.
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News MCAP Global Finance enters CEE with Budapest purchase
11
Jan
2018

MCAP Global Finance enters CEE with Budapest purchase

by Import Sys
MCAP Global Finance, the London-based subsidiary of global investment manager Marathon Asset Management, has acquired the Népliget Center office building in Budapest on behalf of its funds and managed accounts. The transaction price has not been disclosed. The buyer was advised by Lodge & Partners, which will oversee the local asset management of the building.
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News WDP to grow Romanian portfolio to €500 million
11
Jan
2018

WDP to grow Romanian portfolio to €500 million

by Import Sys
WDP is reinforcing its capital in the Romanian entity, being a 51/49 joint venture partnership with Jeroen Biermans up until now. After the capital increase the ownership ratio of the shareholders will evolve towards an 80/20 ratio. This should facilitate the further portfolio growth towards €500 million.
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News Revetas and Cerberus acquire €170 million hotel complex in Bucharest
11
Jan
2018

Revetas and Cerberus acquire €170 million hotel complex in Bucharest

by Import Sys
Revetas Capital Advisors LLP and Cerberus Capital Management, L.P. and its affiliates announced the acquisition of Project Nemo, a leading hotel complex with approximately 86,000 sqm of gross leasable area in a prime location in Bucharest, Romania. The complex includes the Radisson Blu and Park Inn hotels, featuring a total of 697 guest rooms operated by the Rezidor Hotel Group, as well as approximately 7,500 sqm of prime retail space anchored by high-end tenants such as Burberry and Hugo Boss.
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News Blackstone to buy 24 logistics centres from Goodman
04
Jan
2018

Blackstone to buy 24 logistics centres from Goodman

by Import Sys
Blackstone Property Partners Europe Lower Fund 2 plans to acquire 24 logistics centres from Goodman. The buyer intends to buy assets and shares in several companies which own properties in Poland, France and Germany.
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News Catalyst Capital buys Wrocław office building for €44 million
03
Jan
2018

Catalyst Capital buys Wrocław office building for €44 million

by Import Sys
Catalyst Capital, a European real estate investment and fund management firm, has bought Nobilis Business House from Echo Investment for €44 million. The building, located on Marii Skłodowskiej-Curie Street in Wrocław, was completed in late 2016.
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News Echo Investment sells Kraków building to EPP
02
Jan
2018

Echo Investment sells Kraków building to EPP

by Import Sys
EPP has acquired O3 Business Campus II, the second building of an office complex located on Opolska Street in Kraków from Echo Investment as a part of the ROFO transaction agreed in 2016.
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News P3 buys 17 ha of land in Bucharest
28
Dec
2017

P3 buys 17 ha of land in Bucharest

by Import Sys
P3 has acquired over 17 hectares of land in the vicinity of P3 Bucharest Park with the purpose of developing the park up to 500,000 square meters in the next two years. The new plot of land allows for the building of a warehouse of up to 100,000 sqm.
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News YIT sells housing projects in Prague and Bratislava
28
Dec
2017

YIT sells housing projects in Prague and Bratislava

by Import Sys
YIT has sold housing projects in Prague, the Czech Republic and in Bratislava, Slovakia to YCE Housing I fund. The value of the projects is approximately €50 million, and the sales are recorded in the last quarter of the year.
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Latest news


New leases

  • Promenada Mall, owned by Nepi Rockcastle, has completed the first stage of its food court modernisation, spanning 1,000 sqm, with the opening of eight new restaurants.
  • ELI Parks has signed a lease agreement with Litera Group for a 3,087 sqm space within ELI Park 3, near Bucharest.
  • International luxury brand Rituals is joining the IULIUS retail network. This autumn, it will open new stores in the mixed-use developments Iulius Town Timișoara and Palas Iași, as well as in Iulius Mall Cluj.

New appointments

  • From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Zrt. He succeeds Andrea Róna, who had held the position since 2022.
  • Cushman & Wakefield Echinox has named Gabriel Vințe as Business Development Manager within the Project & Development Services (PDS) department. He will also oversee the business line dedicated to sustainability services. Vințe has over 21 years of experience gained in renowned companies across sectors such as financial services, retail, residential, and consultancy.
  • Cushman & Wakefield has strengthened its Warsaw-based Capital Markets team, led by Paweł Partyka, with the appointments of Jakub Grabara and Natalia Wołyniec. The new hires will support the company in delivering transactional advisory services across the commercial property market.

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