The property investment market in Romania totalled €518 million in the first half of 2022, up 30.5% compared to the same period of last year, with retail and office sectors driving deals, according to real estate consultancy Crosspoint Real Estate.
Panattoni has completed the sale of two Polish logistics parks in Lublin and the Silesia West region to a North American private equity investor. The two properties have a combined gross lettable area (GLA) of about 65,000 sqm. The price has not been disclosed.
The amount of property investments in Romania totaled €336 million in the first half of 2022, up around 13% year-on-year, while solid pipeline of transactions is under negotiation and could be completed by the end of the year, according to a report of real estate consultancy CBRE.
Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.
The Green Point office building in Prague's Smíchov district will expand the assets of WOOD & Company's Office subfund. The eight-storey building has 7.5 thousand sqm of lettable office space available and at the moment half of it is already occupied. The amount of the acquisition from Ronaldsay B.V. was not published by WOOD & Company.
Penta Group has expanded its real estate portfolio in the centre of Prague by another building. In an e-auction, Penta was the only bidder to acquire the former post office building at Masaryk railway station in Hybernská Street for a bid price of CZK 220 million. Now the contract will be signed and the price will be paid. Both parties to the transaction have confirmed it to the Czech Press Agency.
The Czech Social Democratic Party (ČSSD) has agreed to sell the Lannův palác in the centre of Prague to the building's main tenant, local real estate developer Finep, for CZK 201 million. The party wants to use the proceeds to pay off its debts, novinky.cz reports.
The real estate fund NEMO, founded by the real estate group Českomoravská Nemovitostní three years ago, enlarged its portfolio to a total value of over CZK 3 billion. The new acquisition is the Corso Karlín office complex in Prague 8, the fund announced today.
Garbe Industrial Real Estate GmbH raised approximately €400 million in equity among German and international investors for its investment fund, “Garbe Logistics Real Estate Fund Plus III” (GLIF+III). The Luxembourg special AIF (SICAV-RAIF) without maturity is an Article-8 fund with a manage-to-ESG strategy. With a planned investment volume of €5 billion, it is Garbe’s largest pan-European fund for institutional investors to date.
Document State Enterprise, based in Kiev, has opened a branch in Poland. The administrative unit, directly cooperating with the Ukrainian government, began its operations in a 600 sq m office in Blue Office in Warsaw.
Medicover will open its seventh Kraków medical centre in the Brain Park office complex. The centre will occupy more than 1,500 sqm of space at its new address in an investment being developed by Echo Investment.
PM Group, the manufacturer and distributor of technical products and accessories for heat-insulating carpentry, has leased 2,200 sqm for a new distribution centre in ELI Park 3. The project part of the ELI Park Bucharest North West hub is developed by Element Industrial.
New appointments
Karol Milczarski has joined the ranks of Colliers Poland experts, taking up the position of Senior Associate in the Commercial Space Department. His main task is to comprehensively support clients in the process of acquiring attractive street locations not only on high streets, but also within densely populated residential districts.
Danubius Hotels has appointed Andrea Róna as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. The expert will be responsible for the further expansion and development of the hotel chain.
Cushman & Wakefield promotes Petr Markvart, Head of Landlord Representation Services in the Office Agency team, to Partner.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.
