Wing held a successful bond auction, issuing green bonds totalling approximately €70 million (HUF 25 billion) through the Bonds for Growth Scheme (NKP) of the Central Bank of Hungary (MNB). In line with international standards and requirements, Wing will use the funds raised through the bonds solely for environmentally friendly projects and assets.
Real estate investors and developers across Europe are increasingly turning towards green bonds to help build portfolios of sustainable assets that accommodate a lower consumption of resources in the long term and have a limited impact on the environment. This trend is also clearly visible in the Central and Eastern European region, where a growing number of high-profile companies are choosing to finance their expansion plans with the help of green bonds.
CTP has completed its largest green bond issuance to date, following the company’s March IPO and recent inclusion in the Euronext AScX index. Structured as a dual-tranche, CTP raised a total of €1 billion under its €4 billion EMTN programme. The issue included a €500 million four-year tranche and a €500 million eight-year tranche. Total demand for the issue reached nearly €4 billion, evidencing the solid standing that CTP holds on the international bond markets.
Hungarian real estate brokerage firm Otthon Centrum has completed an €8 million (HUF 2.9 billion) bond issue under the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. This marks the first time the company has taken part in the central bank's bond programme.
Brașov-based real estate developer Qualis Properties has listed its bonds on the Bucharest Stock Exchange (BVB). The company carried out a private placement through which it attracted almost €2.1 million, by selling 3-years maturity bonds with a fixed yearly interest of 9%.
Hungarian developer Futureal has completed its first-ever green bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme (BGS). The company received bids worth HUF 59.92 billion for the bonds, which have a nominal value of HUF 50 billion. Futureal subsequently sold HUF 55 billion (approximately €150 million) of the bonds, for one of the largest issues under the BGS scheme. Futureal Group is currently developing projects with a gross space of more than 1 million sqm in Hungary.
On 12 March, Belgian developer Atenor is launching an issue of 4-year and 6-year green bonds for a minimum amount of, respectively, €15 million and €50 million in the form of a public offer in Belgium open to retail investors and, to a certain extent, qualified investors.
CTP raised €500 million with their third green bond issue on 18 February 2021, increasing the total raised from Green Bonds to €1.55 billion since their inaugural issuance in September 2020.
CTP has announced a 15% annual growth which helped the company reach €344 million of annualised rental income by the end of 2020. With a portfolio of 6.3 million sqm and 740,000 sqm under construction at year-end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA in the Czech Republic, Romania and Serbia while announcing new developments in Austria, Poland and Bulgaria.
Atrium European Real Estate Limited has priced a €300 million inaugural green bond offering due 5 September 2027 under its EMTN Programme. The New Green Notes are issued by Atrium Finance Issuer B.V. and are guaranteed by Atrium. An amount equal to the net proceeds of the offering will be allocated to finance or refinance eligible projects and assets.
From March 2022, Skyliner will become the new headquarters of the Polish branch of Colonnade. The insurer will occupy the area of 1,500 sq m. The company operates in the field of “non-life” insurance products for corporate and individual clients.
108 Agency Hungary has mediated a lease of 5,000 sqm for Citronex at WLP Budapest East Business Park. Citronex is a Polish family company that has been on the market since 1988, setting the highest standards in many diverse industries.
108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.
New appointments
Diófa Fund Management has appointed Gábor Pozsgai as the company's new advisor to the Board of Directors. He will be responsible for the development and efficient operation of the sales strategy framework.
Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.
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