CPI Property Group has announced the divestment of part of its portfolio to reduce the Group's debt burden. Its debt had primarily increased due to the Group's €8 billion investment in Austria. The estimated value of the properties to be sold is expected to be around €2 billion. The liquidation strategy was announced by CPI PG in its notification to shareholders.

Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to real estate consultancy Cushman & Wakefield Echinox. 

A joint venture between Partners Group and Peakside Capital Advisors has signed a portfolio loan facility agreement with Bank Pekao S.A., comprising an investment loan and VAT loan - more than PLN 500 million (over €106 million) in total. The funds have been used to finance the acquisition of three logistics properties in and around Warsaw and the redevelopment of the City Point Targówek park.

The volume of investment in Romania’s commercial property sector reached €330 million in Q3 2022 and €667 million in the first nine months, while in the first three quarters of 2021 the investment market stood at around €550 million, according to Colliers. 

7R has completed the sale of 7R Park Goleniów II to Macquarie Asset Management. The BTS (build-to-suit) format warehouse in Goleniów, near Szczecin, comprises of 62,500 sqm of logistics space and 3,100 sqm of office space. The facility is fully leased to FIEGE, a German mail-order retailer and global e-commerce giant. The price has not been disclosed. This is the second deal between Macquarie Asset Management and 7R closed within the last few months. In August 2022, the investor also acquired the 7R City Flex Warsaw Airport I facility.

The sale comprises eight properties totalling around 109,000 sqm of lettable space with an annual rental income of approximately €16 million, plus one plot of land. 

White Star Real Estate has sold the 17,000 sqm Krisztina Plaza office building in Central Buda. The name of the buyer was not disclosed.

Czech real estate funds are attracted to invest abroad, and not only in Poland. ZDR Investments is now heading to Austria to acquire a retail park in Voitsberg, Austria, for the second time. It is now investing €12.3 million. In total, the group has already invested six times in Austria, writes E15.cz.

Łużycka Office Park (buildings A, B, C and D) and Łużycka Plus, all located in Gdynia, have a new owner - a joint venture of Czech open-ended real estate fund Investika and Luxembourg-based private equity investor Bud Holdings. The price has not been disclosed. 

Berlin-based Catella Residential Investment Management GmbH has sold two centrally located fully-let residential and student housing assets in Warsaw and Kraków in Poland to institutional investors in Austria and the Netherlands for more than €60 million on behalf of Munich-headquartered AIFM platform Catella Real Estate AG (CREAG).