MLP Group has released its strategic goals to be met within the next three years to 2024. In line with the strategic plan, the period will see the company’s equity, or net asset value (NAV), double from €387 million in 2021 to €823 million at year end 2024. Significant growth in NAV is expected in 2022, driven mainly by the development of new projects in Germany and Austria, already fully secured.

The LCP Group has just finalised the purchase of another 3 Polish retail parks in Bytom, Góra Kalwaria and Plewiska near Poznań.

CA Immo has successfully signed and closed the sale of Wspolna 47-49 in Warsaw. The property totals 7,696 sqm of GLA and 137 parking units. The sale has closed at a premium to the 31 December 2020 book value. The property was acquired by Yareal Polska.

HIH Invest Real Estate has just sold two HGV service stations in Poland on behalf of an investment fund owned by a German pension scheme and by a foundation. The assets were purchased by Investika, a Czech investment company formed in 2015. The closing of the transaction is scheduled for January 2022.

Romanian developer One United Properties says it will take over a majority stake in Bucur Obor, a shopping centre based in Bucharest. 

Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 

Property developer Hagag Development Europe has purchased Susai Hotel in Romanian mountain resort Predeal, in a move that marks the first transaction outside Bucharest. 

Wing has sold buildings B, C and I in the Infopark office park in Budapest. The properties were sold through the Gladiator V Real Estate Investment Fund, the buyer being SkyGreen Buildings Ltd. Wing intends to use the proceeds from the sale for the purposes set out in its business plan, namely to strengthen its position in the region.

M7 Real Estate has completed the final sale on behalf of the M7 Central European Real Estate Fund I (M7 CEREF), with the disposal of the Mani Business Centre in Zagreb to Raiffeisen Pension Insurance Company. M7 will continue to asset manage the property on behalf of the new owner.

George Becali, one of the wealthiest Romanians active in the property sector, has taken over Inter Hotel from Interagro, an agriculture group that is under administration.