The end of 2020 saw the completion of an investment transaction that will enable the future development of one of the largest logistics parks in the Czech Republic on the extensive land surrounding the D5 motorway near Pilsen. CBRE prepared and managed the disposal process on behalf of the Icelandic asset manager Kaupthing. CBRE in addition to advising on the sale, also assisted with land due diligence, feasibility study and provided technical advisory. The new owner of the land is retail chain Lidl.
CBRE Czech Republic has taken over the property management of the Novo Plaza shopping centre in Prague, starting 1 January 2021. The property offers 27,500 sqm of space, comprising a retail centre with a GLA of 21,500 sqm including retail, office, storage and support areas and a hypermarket with a GLA of 6,000 sqm, anchored by Tesco. The shopping centre has 710 underground and 140 surface-level parking spaces.
Rockwell Automation, a global manufacturer and supplier of industrial automation and IT solutions, has extended its lease of warehouse and office space in Katowice. In the process of negotiating the new contract terms, the company was represented by CBRE, while the owner of the building - Aviva Investors - was advised by experts from JLL.
Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, announced the acquisition of a 100,000 sqm Class A logistics facility in Poland from GLL Real Estate Partners. The transaction price was not disclosed.
CBRE was appointed by developer Skanska to provide property management services for the Campus 6.2 and Campus 6.3 office buildings, located in the central-western area of Bucharest. The two projects total 38,000 sqm, increasing the portfolio managed by CBRE in Romania to approximately 840,000 sqm of office space and shopping centres.
CBRE launches a range of omnichannel services in Romania, for retailers who want a quick adjustment to the new market context by expanding industrial spaces. Omnichannel services have already been present for three years in the global CBRE network, mostly in the United States and the United Kingdom, and the COVID-19 pandemic has accelerated the synergy between retail and industrial worldwide.
The market of industrial spaces in the west of Romania, respectively in the counties of Timiș, Arad and Bihor, continues to attract the attention of investors, after doubling its volume in the last ten years, ranking second after Bucharest. CBRE recently advised pan-European developer VGP on the acquisition of a 39-ha land plot in Arad.
Romania's real estate investment volume amounted to approx. €395 million in the first six months of 2020, a value 17% higher than the same period of the previous year, according to CBRE. Office buildings were the properties most sought after by investors, accounting for 88% of the volume traded and other similar projects are available for sale, totaling over €350 million.
Total real estate investment volume in Slovakia in H1 2020 reached €432 million which represents a 66% increase on the same period last year, according to data by CBRE. The volume was spread among ten transactions, with the average value of the deals amounting to €43 million, compared to €27 million last year.
Savills Investment Management has signed a new lease agreement involving Gate One Business Park in Warsaw. An international company dealing with data centre services has leased 21,000 sqm of the modern space at the Gate Two building. The term of the agreement is 15 years.
Sinsay, part of the LPP group, has opened its largest store in the Czech Republic in Ostrava Retail Park with the help of CBRE.
COS – Corporate Office Solutions Romania leased 4,000 sqm in Miro Office Bucharest, developed by Speedwell. A co-working space will be organised in the newly rented space.
108 Agency Slovakia has secured the lease of 510 sqm for our client Goldman Systems. Their new premises will take place in River Park Bratislava.
New appointments
Michał Baranowski joined the tenant representation team at the Office Agency of BNP Paribas Real Estate Poland. Michał has over 15 years of experience working for some of the largest Polish and international office furniture manufacturers.
Alexander Rafajlovič has joined CA Immo as Head of Market Research & Data Analytics. Based in Prague, he and his team will be responsible for coordinating, structuring, and analyzing all macro and market-related data across the region, as well as tracking, analysing and interpreting trends affecting CA Immo’s business, both for future investment and development opportunities, as well as the existing portfolio. He previously worked as Partner in Cushman & Wakefield’s CEE Capital Markets team.
Tomasz Czuba has joined the Management Board of JLL Poland and has been appointed Head of Office Agency and Tenant Representation.
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