German retailer Lidl bought two XXL Mega Discount stores, located in Sibiu and Galati, from Penny Market. Each property offers 2,500 sqm of retail space. Lidl will also take over the land surrounding the stores. The transaction price is estimated to be between €6 million and €8 million, according to zf.ro.

Panattoni Europe announced the sale of Panattoni Park Warszawa–Konotopa, located in the Warsaw region. The multi-tenant logistics centre comprises two buildings totalling close to 50,000 sqm and is fully leased. After the sales transaction is completed, Panattoni Europe will retain responsibility for managing the park. 

According to CBRE, it is very likely that business deals in the Hungarian investment property market in 2017 will reach last year’s €1.54 billion (HUF480 billion) turnover.

M7 Real Estate has acquired a further circa. €20 million of assets in Budapest, on behalf of its first Central European fund for third party investors, M7 CEREF I. This follows the Fund completing its final close, reaching its target raise of €60 million of investor capital in April 2017, as well as the agreement of a €68.5 million senior debt facility with Starwood European Real Estate Finance.  

Hili Properties, the real estate division of Hili Ventures, has finalised the acquisition of ART Business Centre in Bucharest from FBC Exclusive Company for €30 million.

Ronny Pecik has, referring to RPR Management GmbH’s right to acquire 7.6 million shares in S IMMO AG granted by Anadoria Investments Ltd. on 6 April 2017, notified S IMMO AG via legal representatives, that RPR Management GmbH, a subsidiary of RPR Privatstiftung has named the affiliated companies Everest Investment GmbH & Co KG and Pavus Immobilien GmbH & Co KG as purchasers, which acquired the shares on 4 May 2017.

Futureal has sold its Sziget Center shopping mall in Hungary to OTP Property Investment Fund as part of the deal that also saw the purchase of the Skypark office building. After a successful repositioning, the 23,600 sqm center located on the outskirts of Budapest has managed to lure high-profile tenants and tripled its lease income over the last two and a half years.

MAS Real Estate, a commercial property investor, developer and operator listed in both Johannesburg and Luxembourg, announced the acquisition of two shopping malls in Bulgaria, for €62 million. The malls have been acquired from Globe Trade Centre and the European Bank for Reconstruction and Development. The Galleria Burgas Mall and the Galleria Stara Zagora Mall and are located in the Bulgarian cities of Burgas and Stara Zagora, respectively.

Futureal Group sold its Skypark office building to the OTP Prime Property Investment Fund. The recently closed transaction increased the value of the fund’s property portfolio to over HUF40 billion. The complex, with 25,000 square meters of GLA, is located at the Corvin Promenade mixed use project in the center of Budapest and was designed to meet the needs of technology and R&D companies.

Europa Capital and WX Management Services have completed the acquisition of the Radisson Blu Centrum Hotel in central Warsaw.