HBK, asset manager of Direkt Invest Polen fund, finalised the sales transaction of a retail portfolio, comprising seven existing properties as well as development lands for new projects. Master Management Group became new owner of the portfolio. The total value of the transaction is approximately €60 million.

DIY retailer Dedeman has agreed to buy a 27,000 sqm plot in Western Bucharest from Industria Iutei for approximately €6.7 million, zf.ro reports.

CTP acquired the ex-Nokia building in Komárom, Hungary. The 52,771 sqm property is located on a 137,001 sqm site in Komárom Industrial Park. The property was purpose built in three phases between 1999 and 2004 and was designed by Nokia for their specific use and requirements. The whole site comprises three main buildings and further technical facilities which support the operation of the factory.

Secure Property Development and Investment PLC, an SEE-focused property and investment company, announced the proposed acquisition of up to a 50% interest in a portfolio of fully let logistics properties in Romania. The so-called Olympians Portfolio comprises assets in Bucharest, Timisoara and Brasov. The gross asset value of the 100,000 sqm portfolio is approximately €50 million and there is a senior loan liability of approximately €30 million secured against the portfolio.

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.