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.

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.

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.

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.

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.

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.

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.

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.

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.

Globalworth provided an update on a number of initiatives completed prior to year-end: the acquisition of two land plots in Bucharest, an increase in its shareholding in Griffin Premium RE and the completion of the EPP deal.