Starwood Capital Group has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group. The hotel is being acquired for €75 million.

LaSalle Investment Management has acquired Palác Andel in Prague from Aberdeen Asset Management Deutschland, the German subsidiary of Aberdeen Standard Investments. This mixed-use scheme in the Prague district of Smíchov–Andel is the first Czech Republic asset for LaSalle E-REGI fund. The total purchase price reached €57.8 million. Cushman & Wakefield and Clifford Chance represented the seller. White & Case, JLL, TPA represented the buyer.

Aberdeen Asset Management has sold the King Cross shopping centre in Zagreb to SES Spar European Shopping Centers. The transaction price has not been disclosed.

NEPI Rockcastle’s wholly-owned subsidiary, NEPC has priced a €500 million unsecured 7 year Eurobond maturing on 23 November 2024, carrying a 1.75% fixed coupon, with an issue price of 99.051%. At this level, the book was oversubscribed. S&P and Fitch assigned the Bond a BBB rating, in line with the corporate rating.

OTP Property Investment Fund has acquired the BSR Center office building in Budapest from a fund managed by GLL Real Estate Partners.

Atenor announced the forward sale of the fourth building on the Váci Greens complex in Budapest to a Hungarian private fund. Building D comprises 14,145 sqm of office space, 1,502 sqm of commercial units and underground parking for 260 vehicles. Scheduled for completion by the beginning of 2018, the building is already partially (25%) leased to Unilever and to retail traders. The purchase price is estimated to be around €44 million.

On behalf of one of its investor clients, Redevco, a pan-European retail real estate investment manager, has acquired the neo-renaissance and secession-style City Palais building in the heart of Prague. The retail property was purchased for more than €40 million from a group of private investors.

Globalworth Real Estate has announced that is seeking to raise about €300 million in a share issue to help fund its expansion in the CEE region.

Patrizia Immobilien AG has acquired Triuva Kapitalverwaltungsgesellschaft mbH, significantly expanding its business in Germany and Europe. Both parties agreed to not disclose the purchase price.

CTP has acquired Phoenix Logistics Center (PLC) from the Dutch company LSREF3 Alpha Dutch Holdings B.V. The centre has been integrated into CTPark Bucharest and is located in Chiajna, 10 km from Bucharest’s centre.