According to Savills, about half (51%) of European investors plan to invest in co-living developments in the next three years, and, compared to 2022, co-living projects are where investor interest has grown the most. Market players, including Lithuania-based investor Baltic Asset Management, see big potential for projects of this type in the Czech market as well. The company’s CFO, Dalius Kaveckas, shared his insights with Property Forum.
The concept design solutions for the new mixed-use Horizontai project in Vilnius' CBD by real estate developer Releven received the approval of the municipality. The company expects to receive a construction permit for the construction of the €200 million project this year.
East Capital Real Estate Fund IV signed an agreement with real estate developer Hepsor for the acquisition of a modern last mile and stock office building, StokOfiss U30, located in Riga, with a total lettable area of 3,642 square metres. This is the second of two acquisitions for the fund over the past two weeks.
Baltic Horizon Fund has signed an agreement with East Capital Real Estate Fund IV to sell 100% shares of BH Duetto UAB which owns the Duetto I and II office buildings in Vilnius, Lithuania. The sales price of the assets is approximately €37 million, which is close to the latest valuation.
Latvia-based Mogotel Hotel Group is the largest hotel operator in the Baltics and it continues to expand outside the region, having recently entered the Hungarian market. Development Director Ivans Dokicians unveiled the company’s ambitions and plans in Hungary and the whole of Europe in an interview for Property Forum.
KS Holding, a Kesko Group company, has completed the sale of Kesko-Senukai stores in Vilnius and Daugavpils to the Finnish Special Mutual Fund Titanium Baltic Real Estate. Together with the sale of Riga’s Ozols Centrs, acquired by Titanium in November, KS Holding has brought retail assets valued at €60 million to the market. Returns to shareholders in the recent transactions for the money invested exceed 20% per annum.
Partners Group and Northern Horizon have announced the sale of the last two assets, both located in Riga, in their €200 million CEE joint venture to Grinvest, a Singapore-based property and renewable energy investor.
Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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