Savills Investment Management announced the acquisition of 7R Park Beskid II, a multi-let logistics asset in Poland, on behalf of Vestas Investment Management (‘Vestas’) from Polish developer 7R and VRE. The transaction will complete in three phases, with the final phase in March 2022. The overall transaction volume will be in excess of €101 million.

Real estate advisory firm Savills presents a preliminary summary of 2021 and predicts trends for the coming months. The commercial real estate market in Poland is regaining momentum but has changed significantly, reveals Savills. Key trends expected to dominate in the year ahead include rental growth, increasing ESG awareness and a focus on innovation.

ČEZ ESCO has completed the acquisition of Capexus, a Czech company engaged in the design, planning and implementation of modern and energy-efficient office space, as well as the revitalization of older commercial buildings. The merger of the two companies has already been approved by the Office for the Protection of Competition.  

Hungarian asset manager Futureal Investment Partners has made its second acquisition – the Wratislavia Towers mixed-use development in Wrocław city centre. The value of the transaction remains undisclosed.

Resi Capital S.A., a company belonging to Cavatina Group, wants to deliver 2,200 apartments for rent in Katowice, Krakow, Łódź and Wrocław by 2023. The Quorum investment in Wrocław and WIMA Widzewska Manufaktura in Łódź are already under construction. Bank Pekao S.A. has just granted Resi Capital financing exceeding PLN 160 million in the form of loans for the realization of these housing projects.

The former Prologis Park Ziar in Žiar nad Hronom, located in Slovakia’s Banská Bystrica region, has been acquired by Tatra Asset Management. CBRE Slovakia and Ružička and Partners s. r. o. represented Prologis in the transaction.

Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%.

Property company Hagag Development Europe has taken over a land plot of 1,362 sqm in the high-end area of Primăverii in Bucharest for €8 million plus VAT. 

PPF Real Estate Holding has entered the Polish market with the acquisition of New City, a prime business park in Warsaw. Poland and the United States are the new commercial property markets where PPF Real Estate Holding has begun operating this year. The company owns properties also in the Czech Republic, Netherlands, Romania, the UK, Germany and Russia.

Colliers reveals that 57% of EMEA investors (and 60% of global investors) chose quality office assets in major markets as their top strategy picks. European cities like London, Paris, Berlin and Munich have retained their allure and will be in high demand next year.