BMO Real Estate Partners announced the purchase of a high end department store in Prague, which is occupied by Van Graaf, on behalf of its pan-European retail property investment fund. BMO Real Estate Partners acquired the building from MTK Developments, a Vienna-based European real estate firm specialising in value-add investments.

CTP continues its accelerated growth by acquiring Chitila Logistic Park, near Buchares, Romania. The transaction was concluded in September and the value of the investment reaches €17.3 million. CLP has been purchased from UBM Development. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million sqm in Romania by the end of 2018.

Plaza Centers has concluded an agreement with NEPI Rockcastle, on the termination of land use rights over a circa 21,788 sqm land plot adjoining Arena Plaza in Budapest, Hungary, registered to a subsidiary of the company, Kerepesi 5 Irodaépület Kft. NEPI Rockcastle has recently acquired the Arena Plaza shopping centre from a third party.

Atenor, through its Romanian subsidiary, will complete before end of the year, the purchase of a new site in Bucharest. The site of approx. 11,600 sqm located in the northwestern part of the city in the Expozitiei/Piata Presei Libere area will allow Atenor to develop a new office project of approx. 44,000 sqm.

Globalworth Asset Managers SRL has entered into a conditional investment agreement to acquire a minimum of 50.01% and up to 67.90% of the issued share capital of Griffin Premium RE, a Dutch entity listed on the Warsaw Stock Exchange.

Echo Polska Properties announced an agreement to dispose of an office portfolio for €160 million. The assets being disposed include Tryton Business House in Gdańsk, A4 Business Park in Katowice and West Gate in Wrocław. The buyer is Griffin Premium RE. The proceeds from the disposal will be used to fund further retail acquisitions.

Romanian developer Forte Partners has acquired a 1,700 sqm plot in the city centre of Bucharest for office development. The plot, sold by Telekom Romania, is located next to Palatul Telefoanelor and the Novotel hotel. It allows the development of up to 9000 sqm of office space.

REICO, Česká spořitelna’s real estate fund manager, expanded its Polish portfolio by the acquisition of the Galeria Sloneczna shopping centre in Radom. The value of the fund’s new acquisition is approximately €164 million (CZK 4.3 billion). The seller is an American insurance group that developed the asset in a joint venture partnership with AIG/Lincoln (now White Star Real Estate).

CA Immo signed and closed a sales and purchase agreement to acquire Building B of the Warsaw Spire office complex, comprising of 21,600 sqm GLA. The transaction volume of the fully rented asset amounts to around €100 million, the annual gross rental income reaches around € 6 million. With this transaction, CA Immo fulfils one of the last strategic and budgeted targets announced for 2017.

Prologis announced the sale of Prologis Park Galanta-Gan in Slovakia to CNIC Corporation Limited, an investment company wholly-owned by the Government of the People's Republic of China. The park is the largest logistics asset, both by area and investment volume, ever sold in the CEE region.