News - Czech investment group buys former manufacturing facility in Prague
14
Sep
2023

Czech investment group buys former manufacturing facility in Prague

by Property Forum
Czech Investment group Kaprain acquired ca. 53,000 sqm brownfield site from Howden ČKD Compressors, part of Howden, a leading global engineering company, which was recently acquired by Chart Industries. Howden ČKD Compressors exclusively appointed Colliers to market the facility for sale.
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News - Land in central Bucharest sells for €5 million
13
Sep
2023

Land in central Bucharest sells for €5 million

by Property Forum
Pharmaceutical company Biofarm has sold a plot of land close to Victoriei Square in Bucharest for around €5 million. The land spanning 2,176 sqm, which used to host an industrial facility, was taken over by Romanian company Iancu de Hunedoara Residence SRL. The deal was brokered by Crosspoint Real Estate. 
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News - Property investments in Romania total €168 million in H1 2023
12
Sep
2023

Property investments in Romania total €168 million in H1 2023

by Property Forum
Commercial property investment amounted to €168 million in H1 2023, roughly half compared to last year, with industrial and logistics accounting for the biggest share of the transaction volumes. 
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News - Prominent Czech architect acquires Riveroff building in Prague
06
Sep
2023

Prominent Czech architect acquires Riveroff building in Prague

by Property Forum
The Riveroff building in Holešovice, part of the Port7 office complex near the Troja Bridge and Holešovice railway station in Prague, is changing hands. Brno-based businessman Jan Čermák has sold it to South Bohemian company 4 MTK, backed by Martin Krupauer, a prominent Czech architect from České Budějovice, e15.cz reports.
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News - ZDR Investments acquires shopping centre in Rijeka
06
Sep
2023

ZDR Investments acquires shopping centre in Rijeka

by Property Forum
Czech real estate fund ZDR Investments has bought the Galeria Bakar shopping park in Rijeka, Croatia, for €40 million. Part of the shopping park has already been completed and another one will be ready within a year. The acquisition brings the fund's portfolio to 39 properties with a value in excess of CZK 10 billion (over €411 million), the group reports on its website.
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News - CPIPG reports rising rental income for H1 2023
01
Sep
2023

CPIPG reports rising rental income for H1 2023

by Property Forum
According to CPI Property Group's financial results for H1 2023, the group's rental income continues to rise, even as it works on its disposal and deleveraging plans. The group's CEO expects a similar trend for the rest of the year.
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News - Bulgarian REIT Premium Property Invest announces capital expansion
29
Aug
2023

Bulgarian REIT Premium Property Invest announces capital expansion

by Property Forum
Bulgarian real estate investment trust (REIT) Premium Property Invest, previously known as Green Industry Properties, has recently decided to bolster its financial position. The company's board of directors has officially approved a plan to increase its capital through the issuance of up to 44.2 million new voting shares. This strategic move is poised to shape the future trajectory of the company and potentially provide opportunities for
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News - MLP Group’s revenue rises by more than half
24
Aug
2023

MLP Group’s revenue rises by more than half

by Property Forum
In the first half of 2023, the operating income of MLP Group reached PLN 185.7 million (€40.3 million). Compared to the same period a year ago, this number is higher by 52%.
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News - GTC continues with resilient operating performance in 2023
24
Aug
2023

GTC continues with resilient operating performance in 2023

by Property Forum
GTC has presented strong financial results for the first half of 2023 with €90 of rental revenues, 8% higher than the €85 million recorded in the same period of the previous year.
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News - Mitiska REIM sets up joint venture with OPC Group in Slovakia
21
Aug
2023

Mitiska REIM sets up joint venture with OPC Group in Slovakia

by Property Forum
Mitiska REIM has announced on behalf of the MEREP 3 fund the acquisition of a retail park in the Slovakian city of Skalica and the development of a new retail park in Sládkovičovo. In a new joint venture partnership with OPC Group, Mitiska REIM plans to expand its retail park portfolio in Slovakia in the coming years. 
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Latest news


New leases

  • XXS GYM has signed a lease for over 850 sqm of space in the modern O3 Business Campus office complex, located on Opolska Street in the northern part of Cracow.
  • Alior Bank has extended its lease at Ocean Office Park B in Kraków to accommodate its Private Banking Department. The deal, supported by brokerage firm CBRE, marks the final stage of a two-year consolidation of the bank's Kraków operations. Following the expansion, the bank occupies approximately 7,000 sqm within the Cavatina Group-owned complex.
  • TriGranit has finalized a lease extension with Mondelez Europe Services to remain in the Signum Work Station building through 2032. Facilitated by broker CBRE, the agreement secures nearly 4,000 sqm of office surface for the global snacks group member within Warsaw’s Mokotów district.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.

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