The Executive Board and Supervisory Board of Immofinanz have issued supplementary statements on the announcement by CPI Property Group SA (CPIPG) of the increase in the offer price to €23.00 per share (cum dividend) and increase in CPIPG’s investment in Immofinanz to roughly 48.18% through the purchase of shares from S Immo AG. The Executive Board and Supervisory Board still view the improved offer price as too low given the successful development of Immofinanz and the current value of the company. Moreover, the offer price does not include an appropriate control premium in connection with CPIPG’s intention to attain control over Immofinanz.

Colliers advised Bosch Termotechnika s.r.o., an international manufacturer of heating and hot water heating equipment, in the sale of its industrial manufacturing facility in Město Albrechtice, located in the Moravian-Silesian Region in the Czech Republic close to the Polish border.

Mitiska REIM has today announced that following the successful completion of its value creation programme, it has completed the sale of Retail Park Młyn in Wroclaw to AB Tewox, an investment company managed by Lords LB Asset Management. The retail park was originally acquired by Mitiska REIM in July 2015 on behalf of the First Retail International fund (FRI).

Czech smart building software provider Sharry has secured further investment. The largest amount of investment comes from J&T Ventures now. This allows Sharry to expand into 50 countries this year, co-founders plans.

Property group NEPI Rockcastle, the biggest owner of shopping centres in Romania, has purchased a land plot of 17 hectares Galați for an undisclosed sum. 

The Česká Spořitelna Real Estate Fund (Nemovitostní fond České spořitelny) is buying the Bořislavka Centrum shopping and office complex from KKCG Real Estate Group. With the acquisition, the fund has increased the number of buildings under its management to 21 and the value of its real estate portfolio exceeds CZK 38 billion, REICO announced in a press release. The parties didn't disclose the transaction price.

KGAL Investment Management GmbH & Co. KG has acquired the Fuzja Office I building in Łódź with around 22,000 square meters of rental space on behalf of a pan-European special AIF. The property is certified with the first-class sustainability rating "BREEAM Excellent" and is scheduled for completion in the second quarter of 2022. The seller of Fuzja Office I is Echo Investment S.A., one of the largest listed Polish property developers.

Brno-based investment group Portiva has acquired the SmíchOFF office building in Prague from Penta Real Estate for more than CZK 1 billion, the new owner announced on its website. The acquisition of the premium LEED Gold-certified commercial property represents another step for Portiva Group in fulfilling its vision of growth through a balanced mix of quality acquisitions.

Patrizia has divested a portfolio of three Warsaw offices totalling c. 15,400 sqm to VIG FUND a.s., a real estate vehicle of Vienna Insurance Group - one of the largest international insurance groups in Central and Eastern Europe. The price remains undisclosed.

Slovak developer Corwin, the company behind the Kvartet residential neighbourhood and the recently unveiled Vilharia project, together with Hartenberg, a Prague-based company focused on investments in Central Europe, have acquired two substantial land plots in the prime locations within the inner city.