ARTICLES IN Investment TOPIC

12
Nov
2020

GTC plans green bonds issuance in Hungary

by Property Forum
A German rating agency Scope Ratings has assigned a first-time issuer rating of BBB-/Stable to Globe Trade Centre S.A. and its subsidiary GTC Real Estate Development Hungary Zrt. GTC Group also announces green bonds issuance within the framework of the Bond Funding for Growth Scheme launched by the National Bank of Hungary. The senior unsecured debt rating is BBB-. The outlook on the ratings is stable.
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11
Nov
2020

Delta Holding buys Belgrade’s Sava Center

by Property Forum
Delta Holding has acquired the 29,374 sqm Sava Center congress complex in Belgrade. After several attempts by the City of Belgrade to sell the property, Delta Holding confirmed that it is willing to accept the latest €17.5 million price plus the €50 million of obligatory investment. According to the estimates of foreign consultants hired by Delta, the investment for the renovation of Sava Center will be more than €60 million.
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10
Nov
2020

Blackbrook acquires 100,000 sqm logistics facility in Poznań

by Property Forum
Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, announced the acquisition of a 100,000 sqm Class A logistics facility in Poland from GLL Real Estate Partners. The transaction price was not disclosed.
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09
Nov
2020

J&T fund invests in logistics assets near Pardubice

by Property Forum
J&T INVESTMENTS SICAV, a fund created by the J&T financial group, has invested in logistics facilities in the Pardubice region. The complexes, which were built in 2009-2012, offer 35,000 square meters of warehouse space and are long-term leased to quality tenants.
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09
Nov
2020

GTC completes sale of Budapest office building

by Property Forum
GTC has sold Spiral, a Class A office building located in Budapest, Hungary. The sale will generate €41 million of free cash.
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09
Nov
2020

Partners Group and Northern Horizon exit €200 million CEE JV

by Property Forum
Partners Group and Northern Horizon have announced the sale of the last two assets, both located in Riga, in their €200 million CEE joint venture to Grinvest, a Singapore-based property and renewable energy investor.
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05
Nov
2020

South African fund plans to invest in Romexpo project

by Property Forum
South African investment fund RMH plans to invest €200 million in the mixed-use real estate project planned around the Romexpo exhibition centre in Bucharest by Romanian businessman Iulian Dascalu and Atterbury Bucharest, the local subsidiary of South African investor Atterbury Europe (which is 37.5% owned by RMH). RMH will own a quarter of the project, according to Profit.ro.
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03
Nov
2020

Romanian proptech company kicks off with €300,000 investment

by Property Forum
In the context of the digital transformation growth, Alexandru Boghiu and Radu Gogoașă announce the launch of The Mavers, a digital & tech startup on the real estate market, with an investment exceeding €300,000.
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02
Nov
2020

One United announces up to €70 million capital increase

by Property Forum
Romanian real estate developer One United Properties has announced a capital increase of up to €70 million. Following the General Meeting of Shareholders on 28 September, the capital increase was approved at a €380 million pre-money valuation and up to €450 million post-money valuation.  
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02
Nov
2020

CA Immo acquires Warsaw office building for €87 million

by Property Forum
CA Immo signed and closed the acquisition of Postepu 14, a Class A office building located in the Mokotow district of Warsaw, from developer HB Reavis. The property totals around 34,500 sqm GLA and is nearly fully let to tenants such as AstraZeneca and Samsung Electronics. The purchase price is approximately €87 million, with annual gross rental income of around €6.5 million, reflecting a 7.5% gross initial yield.
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Latest news


New leases

  • Raiffeisen Bank International AG will take up 1,500 sqm of office space in Monopol office centre in Warsaw. The lease was negotiated by Colliers International.
  • KiK is a new tenant in Funshop Park Focșani, developed by Scallier. The store of 640 sqm will open this year.
  • 108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.

New appointments

  • CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
  • Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
  • Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.


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