Immofinanz Group has announced the completion of the minority shareholders of S Immo, at a price of €22.05 per share, as of December 3. 

Manova Partners has announced its repositioning as an independent real estate asset manager. The company was founded in 2000 as GLL Real Estate Partners and has been part of the Macquarie Group since 2018. As of December 2024, Manova Partners operates as a fully independent entity. Poland is among its key targets in the near future.

DL Invest Group has taken over the Craft office building in Katowice from Ghelamco and will change its functions. DL Craft will become a multifunctional complex offering premium office space, a hotel, restaurants and a medical clinic. The value of the transaction has not been disclosed.

BIG Poland’s portfolio is expanding with two new investments: Park Kujawia in Włocławek and Atut in Myszków. The total value of both transactions exceeds €56 million. With these additions, the BIG brand now owns 7 retail parks in Poland, located in Łubna near Warsaw, Lubin, Andrychów, Gorzów Wielkopolski, and Ostróda. Including 3 development projects currently underway, BIG Poland’s portfolio now comprises 10 locations.

Poland’s commercial real estate market is showing strong signs of stabilisation. According to the latest report by BNP Paribas Real Estate Poland, the total investment transaction volume for January to September 2024 exceeded €2.68 billion, marking a year-on-year increase of nearly 57%, with office assets being the top-performing sector.

The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.

Invesco Real Estate has acquired Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller is Granaria Development Gdańsk, a joint venture entity created by Immobel and Multibud. The price has not been revealed.

Nepi Rockcastle has acquired the Silesia City Center mall in Katowice, in the Silesia province of southern Poland for €405 million, in one of the largest shopping centre transactions in Central and Eastern Europe in recent years. The vendors are Allianz (45%), Kamsa Luxco (45%) and Cura Beteiligungsgesellschaft (10%). Silesia City Center extends over 88,400 sqm of gross lettable area (GLA) and is a dominant shopping centre in Katowice, economically one of the strongest cities in Poland, with average spending per capita exceeding the national average by 35%.

Hungary's Indotek Group completed the acquisition of a stake in Auchan's domestic hypermarket business over the weekend. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain. The competition authority has already approved the acquisition, Indotek said.

Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.