ARTICLES LABELLED WITH TAG acquisition

Erste Group Bank AG and Banco Santander S.A. announced that they have entered into an agreement for Erste Group to acquire a 49% stake in Santander Bank Polska Group S.A. for PLN 584 per share (approximately €6.8 billion) and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych S.A. for approximately €0.2 billion from Santander Group. Together, this amounts to a total cash consideration of €7.0 billion.

Develia has signed a preliminary agreement to acquire 100% of shares in Bouygues Immobilier Polska, the  Polish branch of Bouygues Immobilier, a property developer in France. The price set in the preliminary agreement is €66.5 million (approx. PLN 283.6 million). The acquisition will allow Develia to increase the number of residential units under development and enhance the growth potential of its land bank in Warsaw, Poznań, and Wrocław.

Prologis has acquired from P3 a logistics park in the Warsaw region. Prologis Park Grodzisk spans nearly 70,000 square meters across four warehouse buildings, strategically located 35 kilometres from Warsaw. The price has not been disclosed.

ZDR Investments has announced the acquisition of a retail park in Velké Meziříčí in the Czech Republic before the year 2024 closing. This property with a rentable area of over 4,500 sqm has become part of the ZDR Investments Public SICAV a.s. fund.

CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four strategic locations that provide the opportunity to build approximately 200,000 sqm of leasable space in the short term, with this land in Łódź, Toruń and the Warsaw agglomeration ready to start the development process. This land acquisition is part of CTP's strategy announced last year to invest €300 million in Poland to grow its warehouse portfolio - a key growth market for CTP. 

Zoltán Ligetvári has joined ConvergenCE as Investment Director, bringing nearly twenty years of expertise in commercial investment to the development team.