ARTICLES IN Investment  TOPIC

News Redstone Real Estate buys Prague office building
20
Mar
2017

Redstone Real Estate buys Prague office building

by Ákos Budai
Spanish investment fund, Azora Europa l, has sold Galleries Louvre, their prime office property in Prague 5, to Redstone Real Estate, a private equity platform. The counterparties agreed not to disclose the price. The property is a mid-sized office building offering approximately 4,800 sqm of prime administrative space and is fully and long-term let.  
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News Echo Investment sells Wrocław office building
15
Mar
2017

Echo Investment sells Wrocław office building

by Ákos Budai
Echo Investment has sold West Link to Griffin Premium RE, a new platform created by Griffin Real Estate. The companies have just signed preliminary agreements as a result of which Griffin Premium RE will control and ultimately purchase the Wrocław-based office building West Link and invest into Echo Investment’s commercial projects in Warsaw – Beethovena and Browary Warszawskie.
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News GalCap Europe acquires historic Budapest building
13
Mar
2017

GalCap Europe acquires historic Budapest building

by Ákos Budai
Vienna-based investment manager GalCap Europe has acquired Merkúr Palota (the Mercure Palace), a fully renovated office building in Budapest. The seller is a private investor; both parties agreed not to disclose the purchase price.
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News Echo Investment and EPP buy Warsaw mall for €42 million
13
Mar
2017

Echo Investment and EPP buy Warsaw mall for €42 million

by Ákos Budai
Echo Polska Properties NV (EPP) and Echo Investment are buying Galeria Młociny in Warsaw from Rosehill Investments. The companies will pay nearly €42 million (including the liabilities of the company being the subject of the transaction) for the project which is already under construction. 
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News Deutsche EuroShop to buy Brno mall for €382 million
09
Mar
2017

Deutsche EuroShop to buy Brno mall for €382 million

by Ákos Budai
Deutsche EuroShop AG has signed a purchase agreement for a shopping centre in the Czech Republic and approved a capital increase excluding subscription rights of up to 4.7 million new shares.
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News Ikea sells 25 European retail parks for €900 million
08
Mar
2017

Ikea sells 25 European retail parks for €900 million

by Ákos Budai
Pradera, a retail property fund and asset manager, has announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund. In a €900 million transaction agreed with IKEA Centres, the Fund has signed a contract to acquire 25 prime retail parks next to IKEA stores in eight European countries, including Poland and the Czech Republic.
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News Commerz Real acquires historical bank building in Prague
08
Mar
2017

Commerz Real acquires historical bank building in Prague

by Ákos Budai
Commerz Real, a subsidiary of Commerzbank, has purchased a historical office building, " Na příkopě 33" in the centre of Prague for its open-ended real estate fund HausInvest. The seller is Komerční banka, a subsidiary of Société Générale. The transaction price has not been disclosed.
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News REICO plans to enter Poland and Hungary
08
Mar
2017

REICO plans to enter Poland and Hungary

by Ákos Budai
ČS Real Estate fund, the largest and oldest Czech open-ended property fund, managed by REICO, has announced its intention to expand its acquisition programme to Poland and Hungary. 
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News Rubik Ventures sells Budapest office building
07
Mar
2017

Rubik Ventures sells Budapest office building

by Ákos Budai
Luxembourg-based Rubik Ventures has sold an office building in the 11th district of Budapest to Videoton Group. The property, located on Bocskay Road, has 5,000 sqm of GLA and is fully leased to Colas Hungaria Zrt. 
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News IRE buys Sheraton Grand Hotel Krakow for €70 million
07
Mar
2017

IRE buys Sheraton Grand Hotel Krakow for €70 million

by Ákos Budai
Invesco Real Estate (IRE), a global real estate investment manager, has acquired the 232-room Sheraton Grand Hotel Krakow for €70 million on behalf of one of its UK pension fund separate account clients. The seller was hotel investor Algonquin.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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