News - REICO sells offices to Fio's new real estate fund
26
May
2023

REICO sells offices to Fio's new real estate fund

by Property Forum
REICO ČS Nemovitostní (RČSN) continues to clean up its real estate portfolio. It has recently sold the Rohan Business Centre building in Prague's Karlín district. The buyer is the newly established Fio real estate fund from the Fio investment company. The transaction price was CZK 740 million (€31.2 million).
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News - CPIPG announces further disposals outside of CEE
26
May
2023

CPIPG announces further disposals outside of CEE

by Property Forum
CPI Property Group (CPIPG) has announced updated information regarding the Group´s efforts in reducing and preserving cash, with a focus on disposals.
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News - MLP Group places €29 million worth of bonds
25
May
2023

MLP Group places €29 million worth of bonds

by Property Forum
MLP Group has successfully placed €29 million worth of bonds with 36 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.
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News - Equiem acquires Warsaw-based proptech SpaceOS
24
May
2023

Equiem acquires Warsaw-based proptech SpaceOS

by Property Forum
Australian firm Equiem, which offers tenant services for office buildings, has acquired SpaceOS, a European company for workplace management software, in a deal that adds Hitachi as a partner, Reuters reports.
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News - East Capital acquires Riga office building
23
May
2023

East Capital acquires Riga office building

by Property Forum
East Capital Real Estate Fund IV signed an agreement with real estate developer Hepsor for the acquisition of a modern last mile and stock office building, StokOfiss U30, located in Riga, with a total lettable area of 3,642 square metres. This is the second of two acquisitions for the fund over the past two weeks.
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News - SOF Connect to build 20 MW photovoltaic park at Sofia Airport
20
May
2023

SOF Connect to build 20 MW photovoltaic park at Sofia Airport

by Property Forum
SOF Connect, the operator of Sofia Airport, announced its plans for accelerated investment in Sofia Airport by the end of 2025. More than €50 million annually will be invested in the expansion of the airport in the next three years. This will increase to €60 million or two-thirds more than what is stipulated in the concession contract.
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News - Baltic Horizon Fund sells Vilnius office portfolio
17
May
2023

Baltic Horizon Fund sells Vilnius office portfolio

by Property Forum
Baltic Horizon Fund has signed an agreement with East Capital Real Estate Fund IV to sell 100% shares of BH Duetto UAB which owns the Duetto I and II office buildings in Vilnius, Lithuania. The sales price of the assets is approximately €37 million, which is close to the latest valuation.
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News - Griffin and Madison dispose of logistics asset in Germany
15
May
2023

Griffin and Madison dispose of logistics asset in Germany

by Property Forum
International Industrial Properties (IIProp), a logistics platform focused on investing in industrial and logistics space, owned by Madison International Realty and Griffin Capital Partners, sold a single-let logistics property in Germany. This is the company's second transaction in Germany, following its first portfolio sale in June 2022.
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News - Romanian investors top €1 billion in deals over five years
09
May
2023

Romanian investors top €1 billion in deals over five years

by Property Forum
Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded in this period, according to a report by Cushman & Wakefield Echinox.
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News - MEDCITY buys building in Timișoara for healthcare project
09
May
2023

MEDCITY buys building in Timișoara for healthcare project

by Property Forum
Healthcare buildings developer MEDCITY has purchased a prime building of over 1,000 sqm in the center of Timișoara from fashion group Folli Follie (FF) Group in a transaction brokered by Colliers. The deal marks the company’s expansion of its portfolio of buildings under The Medical Mall concept. 
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Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.

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