Czech Investment group Kaprain acquired ca. 53,000 sqm brownfield site from Howden ČKD Compressors, part of Howden, a leading global engineering company, which was recently acquired by Chart Industries. Howden ČKD Compressors exclusively appointed Colliers to market the facility for sale.
Pharmaceutical company Biofarm has sold a plot of land close to Victoriei Square in Bucharest for around €5 million. The land spanning 2,176 sqm, which used to host an industrial facility, was taken over by Romanian company Iancu de Hunedoara Residence SRL. The deal was brokered by Crosspoint Real Estate.
Commercial property investment amounted to €168 million in H1 2023, roughly half compared to last year, with industrial and logistics accounting for the biggest share of the transaction volumes.
The Riveroff building in Holešovice, part of the Port7 office complex near the Troja Bridge and Holešovice railway station in Prague, is changing hands. Brno-based businessman Jan Čermák has sold it to South Bohemian company 4 MTK, backed by Martin Krupauer, a prominent Czech architect from České Budějovice, e15.cz reports.
Czech real estate fund ZDR Investments has bought the Galeria Bakar shopping park in Rijeka, Croatia, for €40 million. Part of the shopping park has already been completed and another one will be ready within a year. The acquisition brings the fund's portfolio to 39 properties with a value in excess of CZK 10 billion (over €411 million), the group reports on its website.
According to CPI Property Group's financial results for H1 2023, the group's rental income continues to rise, even as it works on its disposal and deleveraging plans. The group's CEO expects a similar trend for the rest of the year.
Bulgarian real estate investment trust (REIT) Premium Property Invest, previously known as Green Industry Properties, has recently decided to bolster its financial position. The company's board of directors has officially approved a plan to increase its capital through the issuance of up to 44.2 million new voting shares. This strategic move is poised to shape the future trajectory of the company and potentially provide opportunities for
In the first half of 2023, the operating income of MLP Group reached PLN 185.7 million (€40.3 million). Compared to the same period a year ago, this number is higher by 52%.
GTC has presented strong financial results for the first half of 2023 with €90 of rental revenues, 8% higher than the €85 million recorded in the same period of the previous year.
Mitiska REIM has announced on behalf of the MEREP 3 fund the acquisition of a retail park in the Slovakian city of Skalica and the development of a new retail park in Sládkovičovo. In a new joint venture partnership with OPC Group, Mitiska REIM plans to expand its retail park portfolio in Slovakia in the coming years.
The Aura Centrum Olsztyn shopping centre saw the opening of the largest Ochnik brand store in the Warmia and Mazury region in Poland. The shop occupies an area of 433 sq m and is located in the modernised passageway of the gallery on level +2.
Zwieger, a brand selling small household appliances for the kitchen, has joined the ranks of tenants at Designer Outlet Sosnowiec (southern Poland). The newly opened showroom has 105 sqm.
Aviareps will lease almost 187 sqm of office space in the newly modernised LIFE Building in Warsaw, formerly the Atrium Tower, owned by Austrian company VIG FUND. JLL Polska is responsible for the full commercialisation of the LIFE Building, while Biuro Na Miarę represented the tenant, Aviareps, in the negotiation process.
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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