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.

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.

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.

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.

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.

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.

Kajima, the pan-European real assets business, has announced it is opening a Warsaw investment office following the appointment of Jan Trybulski as Investment Director and Head of Poland. Jan will be working closely with Kajima’s existing logistics, living and renewables teams to support current operations and drive the expansion of the company’s project pipeline in Central Europe.

Commercial real estate investments in Romania totalled €916 million in 2021, up only 0.2% compared to the previous year, marked by several transactions valued at more than €50 million in the office, retail and industrial segments, according to real estate consultancy Cushman & Wakefield Echinox. 

Stage Capital, a European secondaries’ investor, acquired a portfolio of shopping centres in Poland from Pradera Central European Fund. The acquisition was on behalf of Stage Capital Laurel II, Stage Capital’s second fund, and backed from funds managed by Glendower Capital.

Speedwell and Baltisse have sold Record Park Offices in Cluj-Napoca to Belgian AYA Properties Fund in a deal worth €35 million.