Mint Investments, a Central European real estate investment & asset manager sold Panorama Business Center in Prague. The buyer was REDSIDE, manager of real estate open-ended investment fund NOVA Real Estate (SICAV). The seller was advised by CBRE.
Built in 2000, Panorama Business Center consists of ca. 6,800 sqm of lettable area and 91 parking spaces. Panorama lies opposite the National Museum and one minute walking distance from the top of Wenceslas Square. The property comprises a well-maintained modern building with eight above ground floors and three underground floors, high technical standard and attractive design. Panorama is certificated with BREEAM In Use Good.
Mint acquired Panorama in 2015 with 42% vacancy and since then they have successfully completed their asset management plan, reaching full occupancy, within one year. Following completion of their releasing strategy, the property has an average unexpired lease term of 5 years. For the purchaser, NOVA Real Estate, a fund managed by REDSIDE, this represents a low risk, stable income producing asset which complements previous acquisitions made by the fund over the course of 2015 and 2016.
108 Agency Slovakia has secured a lease of 5,300 sqm for RajHračiek in ANTRACIT Park Senec, a built-to-suit project by HSF. RajHračiek is a fast-growing online store offering a wide selection of toy brands for children.
Contract Administration as a result of the renegotiation of the lease agreement, remains in the premises of the West Forum complex in Wrocław. The Lessor, represented by TFG Asset Management, was supported in the process by the consulting agency Corees Polska.
Uni-logistics, which specializes in sea, rail and air freight forwarding and road transport, has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI in Poland. Real estate advisory firm Cresa Poland assisted the tenant during negotiations.
Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
German bicycle manufacturer CUBE is expanding its operations by launching its first production facility at CTPark Cheb in the Czech Republic, in a new building with 10,000 sqm of space. The new assembly line for bicycles is planned to start in February 2022.
The White Stone Capital Group has purchased the second part of the land in Bielany in the vicinity of Huta Warszawa, at the Młociny metro station. In total, the developer owns a plot of land with an area of 200,000 sqm in its portfolio. Work is underway on the concept of creating a multi-stage multi-functional investment with a rich green area preserved.
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