Tatra Asset Management, the largest mutual fund manager in Slovakia, and real estate company Alto Real Estate are joining together in their ventures focused on leasing office space, reports reality.trend.sk.

Immofinanz has announced the sale of the Twin Towers on Wienerbergstrasse in Vienna to S Immo.

Romanian property company Grand Development, founded by Ionuț Nicolescu, is investing over €12 million in the development of Montebello Transylvania Resort, a project comprising 47 chalet-style villas near Brasov. The first phase of the development is slated for completion in November 2023. 

In addition to the existing investment facility with an overall amount of €118 million, pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund Reico ČS Nemovitostní, the biggest mutual real estate fund on the Czech market, managed by Reico.

CPI Property Group announced the signing of nearly €500 million of new secured bank loans in 3 CEE countries. CPIPG currently has new bank loans in Poland, the Czech Republic as well as Slovakia.

Panattoni is undertaking another large-scale project in Silesia. The company has bought 26 ha of land and has launched work on its first development in Bytom, which is to comprise three industrial buildings. The location allows for easy access to key cities both within the country and throughout the Central European region.

The Pardubice Retail Fund has completed the largest Czech real estate deal so far this year involving a single building worth over €100 million. The value of the acquisition of the retail landmark in Pardubice has reached almost €124 million, Seznam.cz reports.

Romania Sotheby’s International Realty has listed for sale the building of the former Odeon Theatre in Galați for €690,000. Originally built in 1911 by Apostol P. Papadopol, an eminent merchant and appreciated philanthropist, the former Odeon Theatre is a historical and cultural landmark. The building was recognized by the press of its time as “The most elegant theatre in Galați.”

Property group NEPI Rockcastle has updated its green financing framework by introducing more stringent eligibility criteria for financing or refinancing the assets or expenditures classified as eligible green projects. 

Accolade Group has announced the acquisition of a majority stake in the Karlovarská Business Park complex near Prague Airport from Czech real estate fund Conseq realitní. Accolade is now 100% the owner of this complex. Both parties have decided not to disclose the amount of the transaction, which was brokered by CBRE.