News - Echo Investment issues PLN 50 million of bonds for individual investors
25
Jan
2022

Echo Investment issues PLN 50 million of bonds for individual investors

by Property Forum
Individual investors subscribed to all K-series bonds offered by Echo Investment. The developer will issue securities with a total nominal value of PLN 50 million.
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News - Prologis buys more development land near Prague
25
Jan
2022

Prologis buys more development land near Prague

by Property Forum
Prologis has acquired additional development land near its existing logistics park in Ostredek, Czech Republic. Located on the other side of the highway running through the site, the addition of another 7.15 hectares with potential development space of 27,000 sqm will take the total park area to 196,000 sqm. This will allow the park to provide even more development opportunities beyond the 8,880 sqm building DC1 currently under construction.
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News - CBRE IM acquires logistics building from 7R in Silesia
24
Jan
2022

CBRE IM acquires logistics building from 7R in Silesia

by Property Forum
CBRE IM has acquired Building D of the 7R Park Beskid I logistics centre. The building offers 13,800 sqm GLA and is fully let to two tenants. 7R has now sold all four buildings of 7R Park Beskid, comprising a total GLA of 58,300 sqm, to CBRE Investment Management.
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News - Yellow Tree buys office building in central Bucharest
21
Jan
2022

Yellow Tree buys office building in central Bucharest

by Property Forum
Property group Yellow Tree has acquired an office building near Victoriei Square from a company that is under administration.  
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News - Garbe Institutional Capital starts science & tech real estate strategy
21
Jan
2022

Garbe Institutional Capital starts science & tech real estate strategy

by Property Forum
Garbe Institutional Capital is launching a new institutional club-deal strategy investing in science- & technology-led real estate: the "Garbe Science and Technology Real Estate Fund 1" (Garbe STREF #1). The alternative investment fund has a total target investment volume of around €400 million.
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News - CTP closes €700 million green bond issue
20
Jan
2022

CTP closes €700 million green bond issue

by Property Forum
CTP has closed a €700 million four-year green bond under its €8 billion euro medium-term note (EMTN) programme. Total demand for the issue peaked at circa €1.3 billion, reflecting the solid reputation CTP has built with investors in corporate green bonds in the 15 months since the company entered the capital markets for funding.
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News - P3 makes bond market debut with €1 billion green bond issue
20
Jan
2022

P3 makes bond market debut with €1 billion green bond issue

by Property Forum
P3 Group announced the issuance of its inaugural senior unsecured RegS dual-tranche green bonds across 4- and 7-year tenors, in an aggregate principal amount of €1 billion. The bonds, which will be traded on the Euro MTF Market and listed on the official list of the Luxembourg Stock Exchange, will bear a fixed coupon of 0.875% for the 4-year tenor, and 1.625% for the 7-year tenor, and are expected to be rated BBB by S&P, in line with the corporate rating.
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News - Indotek Group acquires 3-star hotel in Athens
20
Jan
2022

Indotek Group acquires 3-star hotel in Athens

by Property Forum
Indotek Group continues its international expansion in Greece, entering the Athens real estate market with the acquisition of a three-star, 124-room hotel. The Oscar Hotel Athens is the Group's first acquisition in Greece, adding more than 6,000 square meters of space to its international real estate portfolio. The company's aim is to ensure that the hotel, which is currently closed, can reopen as soon as possible following a complete renovation, thus enabling it to be put to good use. With this acquisition, Indotek Group further strengthens its international real estate position in Greece and Southeastern Europe.
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News - PGIM Real Estate fund buys logistics development in Legnica
20
Jan
2022

PGIM Real Estate fund buys logistics development in Legnica

by Property Forum
PGIM Real Estate has acquired a logistics development in Legnica, Poland on behalf of its second European value-add fund. The value of transaction has not been disclosed.
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News - Echo Investment sells first phase of Wrocław office building
20
Jan
2022

Echo Investment sells first phase of Wrocław office building

by Property Forum
West 4 Business Hub I, a Class A office building of an area exceeding 15,500 sqm, was acquired by Solida Capital, an investment and development company. The project of Echo Investment, which obtained the occupancy permit last year, was sold for nearly €40 million.
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Latest news


New leases

  • Griffes has announced the leasing of 6,000 sqm of office space in Bucharest-based Unirii View. Out of the total volume, 2,000 sqm represent new tenants joining the tenant roster, while three tenants expanded operations and grew their space take-up in the building.
  • The first Gorąco Polecam store in Lubin has opened at BIG Lubin retail park. The new 151 sqm unit is in a newly designed development building featuring a large 160 sqm patio.
  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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