Graz-based Supernova Group is continuing its expansion in Slovenia by buying ten shopping centres of Centrice Real Estate GmbH (a company of the American Lone Star fund). The latter had taken over the properties in 2016 from the Austrian company, Heta, the liquidation company of Hypo Alpe Adria within the framework of a major overall transaction. This Qlandia package was the centrepiece of the portfolio and incorporates market-leading shopping centres in several Slovenian regions.
Star Capital Investments has acquired Lighthouse Towers, a Class A office building in Prague 7’s thriving Holešovice district. The seller was Deka Immobilien. The property comprises two stand-alone buildings joined at the underground parking level, where 360 parking spaces are provided.
Globalworth has signed agreements with Podium Investment Poland to acquire Podium Park in Kraków. Podium Park comprises three connected 11-storey buildings which will, on completion, have a total leasable area of over 55,000 sqm, and it is one of the few office projects in Poland with BREEAM certificates at the highest possible level - Outstanding.
Romanian bank BCR has completed the sale of the historic Oscar Maugsch Palace, located on Bucharest’s Universitatii Square, to the Luxembourg-based Vivion Investment Fund, controlled by Isaac and Amir Dayan from Israel. The value of the transaction is estimated to be between €30-35 million, according to unofficial sources quoted by Economica.net.
The Catella European Residential (CER) Fund has acquired a mixed-use development project of residential apartments and student accommodation in the Polish city of Kraków for around €20 million from U.S. developer Hines.
Accor has entered into a binding agreement to sell its 85.8% stake in Orbis to AccorInvest at a price of PLN 115 per share, corresponding to proceeds for Accor of €1.06 billion (PLN 4.55 billion), in line with Orbis’ Gross Asset Value. This completes the Orbis transaction, following the acquisition by Accor of Orbis’ Management and Franchise business last October for €286m.
CBRE assisted the Hexagon group of companies in selling a portfolio of three office buildings in Cluj-Napoca. By adding this new transaction, the volume of real estate investments reaches almost €200 million in Cluj-Napoca, thus maintaining its attractivity after Bucharest, in terms of real estate investment.
AFI Europe N.V. and NEPI Rockcastle announced the conclusion of the transaction for the acquisition of NEPI Rockcastle’s office portfolio in Romania, with a total GLA of 118,500 square meters. The transaction value is in excess of €300 million.
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (Maximus) from funds managed by affiliates of Apollo Global Management, Inc., a leading global alternative investment manager, for a net consideration of approximately €950 million. This acquisition is in line with GIC’s strategy to scale up its fully-owned P3 logistics platform and reinforce P3’s position as a leading developer and manager of logistics properties in Europe.
With the payment transferred on 13 December, Wing has acquired a 100% stake in Lisala, which in turn owns a 56 % stake in ECHO Investment, a company listed on the Warsaw Stock Exchange (WSE). This acquisition makes Wing a major real estate firm at the regional level. Supporting Echo Investment’s long-term growth program, Wing enters as a strategic investor. At the operational level, the two companies will continue to operate independently.
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