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.

Romanian developer One United Properties has completed the acquisition of the Bucharest-based Bucur shopping centre. 

Over €5.7 billion - this is how much investors spent on commercial real estate in Poland throughout 2021, of which in the last quarter alone, the amount attained over €2.2 billion. The latest report prepared by BNP Paribas Real Estate Poland indicates that the past year was marked by a further strengthening of the logistics and industrial sector, making up for losses by retail and the continued battle against Covid's shortage of breath in the office sector.

The Grivalia investment fund is reportedly looking to sell its property portfolio in Romania, which has a valuation of around €65 million, according to profit.ro. 

Savills, together with Eastdil Secured, has advised Macquarie Capital Principal Finance and Elite Partners Capital on the sale of a pan-European logistics portfolio, Elite Logistics Fund I to Blackstone European Property Income Fund (BEPIF) for €520 million.

In 2021, commercial property investment volumes in CEE continued to trend upwards, increasing 6.9% on 2020. However, they still remained 15% below the five-year rolling average. Industrial and office investment activity predominated, and we saw notable evidence of price improvements with yield compression in all segments, but especially in the industrial sector, where the price growth was almost 20%. Cushman & Wakefield has summarized the 2021 investment activity in the CEE commercial real estate market.

Hunter REIM sold to Centerscape two retail parks located in Warsaw and Inowroclaw, offering ca. 4,550 square meters of leasable space, both assets having the Netto chain as the grocery anchor operator. Avison Young represented the seller in the transaction.

B+N Referencia Zrt. has taken over Poland-based facility management operator Inwemer. With this new acquisition, B+N Referencia Zrt.‘s highly extensive service portfolio fully covers the Central European region.

Romanian developer One United Properties confirmed that it was looking to sell the main office building within the One North Gate project in northern Bucharest.