Trei Real Estate, an international developer and property asset holder specialising in residential and retail real estate, continued to expand its business in 2021, the second year of the COVID-19 pandemic. As of 31 December 2021, the development portfolio had an aggregate value of €1.7 billion after growing by 40 percent (2020: €1.2 billion). Residential real estate makes up the bulk of the total with €1.5 billion, whereas retail real estate accounts for c. €200 million. The value of the assets under management, including the own property portfolio, remained unchanged at €1.3 billion. The proprietary portfolio accounts for €1.2 billion out of this total, while c. €100 million are managed on third-party mandates.

Romanian developer One United Properties aims to raise up to €100 million in equity from investors through a share capital increase. The move will be up for vote during the next shareholder’s meeting of the company slated for April 26. 

The leading logistics developer has made a €21 billion offer for a huge chunk of „last mile” properties, Bloomberg reports. None of the parties made comments on the news but Blackstone said earlier that a capital increase worth €21 billion was on the agenda.

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm. 

This is the seventh investment of the group in Poland. The 212 meters high landmark building is one of the best-known towers across the country.

The aquisition aims to strengthen the position of the group in retail and office market and is subject to approval by Hungarian Competition Authority.

Revetas Capital has launched a sustainable logistics platform targeting key transport routes and hubs throughout Europe. The first acquisition is a multi-phased, sustainably developed logistics park which will offer 55,000 sqm GLA within an established location east of Kraków, Poland. The investment entails the development of a prime industrial/logistics park that aims to achieve BREEAM “Excellent” rating within one of the most sought-after logistics sub-markets along the “A4 corridor”. This transaction marks Revetas’ entrance onto the logistics market in Poland, a country where the firm has been active for more than ten years in the mixed-use, office, retail and residential sectors.

Local developer Lucron has sold an entire residential building to an institutional investor for the first time. Part of the Arboria Apartments project implemented in Trnava, Slovakia, the building with 51 apartments was purchased by Kooperativa poistovňa, a.s. Vienna Insurance Group, which plans to lease it on a long-term basis.

Hines and Kajima have announced the conclusion of an agreement to pursue development projects in Poland in the private rental housing sector (PRS).