Revetas has been appointed by a German investment manager, representing several pension funds and other investors, to support the repositioning of a $4.0 billion US property portfolio. The mandate aims to complement the portfolio with additional governance, restructuring and capital markets expertise tailored to the current market environment.

Martley Capital has sold two warehouse assets in Croatia from its Central European Value Add Fund (CEREF). The properties, Logistics Centre Vetel and Koledovcina 2, provide a total of 21,160 sqm GLA and are fully let to local and national tenants. The Vetel asset has a WALT to break of 3.3 years, while Koledovcina 2 has a WALT to break of 1.8 years. Both are located on the outskirts of Zagreb with good access to the city’s transport network.

Over 5,000 units from the portfolio of Resi4Rent – a major institutional residential rental provider in Poland – are set to be acquired by a new owner. Upon completion of the deal, 18 completed Resi4Rent developments will be acquired by Vantage Development, part of TAG Immobilien Group, a Hamburg-based real estate company. The transaction is valued at PLN 2,405 million (€565 million) with a forward-looking NOI yield of 6.3%. Both Echo Investment and Griffin Capital Partners remain committed to developing the remaining Resi4Rent portfolio and expanding it further over time.

Newgate Investment (NGI) has acquired Fabryka Park in Katowice from TDJ Estate. Located at 51 Armii Krajowej Street next to a Kaufland store, the retail park offers over 8,800 sqm of gross leasable area (GLA). This follows several recent acquisitions, bringing NGI’s Polish retail park portfolio to more than 200,000 sqm of GLA.

Smartown Group has successfully completed the sale of the historic Dionisie Lupu office building in Bucharest, at a yield of 8.2% 

After a costly expansion in Austria, where it has acquired S Immo and Immofinanz, CPI Property Group is shrinking and selling, particularly in Germany and Austria, according to seznamzpravy.cz.

Deutsche Pfandbriefbank AG (pbb) has provided in total €40 million investment loan facilities to an office fund. The fund will use the financing for the acquisition of two office buildings in Warsaw and to improve their ESG status. The asset management will be done by George Leslie, Resolution Capital Management.

The Kaprain Group has bought the Stýblův house in Prague on Wenceslas Square from the development company Sekyra Group, reports e15.cz. Kaprain has acquired the property with a building permit for reconstruction.

Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.

Deutsche Pfandbriefbank AG (pbb) acted as the arranger and sole lender of a debt package totalling €322 million in respect of two portfolios owned by a fund managed by GLP Capital Partners (GCP), now part of Ares Management. The package is geared towards refinancing existing debt facilities, as well as the development of logistics assets in Poland.