DHL Express recently moved into its new, tailor made warehouse of 6,000 sqm leased in Budapest Airport's new logistic facility built by Market Építő. Budapest Airport appointed CBRE Hungary for the construction management services.
The markets of Budapest, Bucharest, and Warsaw, in addition to Milan and Oslo, offer the most amenable conditions for both lenders and borrowers, according CBRE’s research.
Prague-based Star Capital Investments has become the new owner of the Futurum Ostrava and OC Haná shopping centres in the Czech Republic. CBRE participated in these transactions, representing the foreign sellers. CBRE also manages the building and leasing activities for Futurum Ostrava.
Pan-European fund manager Aerium has sold a shopping centre in Brno to CPI Property Group, for an undisclosed sum. Built in 2004, Kralovo Pole Shopping Centre comprises of a two-level gallery with 78 shops and a food court, providing a total of 26,500 sqm GLA plus 900 parking spaces. It is anchored by a Tesco hypermarket.
Union Investment has sold the 18,000 sqm office property Krisztina Palace in Budapest. The property was acquired in 2008 as a development project and has been part of the portfolio of the open-end real estate fund Unilmmo: Global ever since. The property has been purchased by the Erste Open-Ended Real Estate Investment Fund, managed by Erste Asset Management, the asset management arm of Erste Group. CBRE brokered the transaction and the legal firm CMS provided legal advice.
Total real estate investment in Europe reached €74 billion in Q2 2017, representing a 25% increase on the same period last year, according to CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.
Mint Investments, a Central European real estate investment & asset manager acquired the International Business Center (IBC) in Prague on behalf of a syndicate of private investors. The buyer was AEW Europe, a multi-national real estate asset manager, with over €60 billion of assets under management. AEW was advised by CBRE, Havel, Holásek & Partners and Mazars. Mint Investments were advised by Mareš Partners and EY.
After entering the Hungarian market in 2016, M7 Real Estate has chosen the Budapest office of CBRE to manage the entire Hungarian real estate portfolio within the M7 CEREF I Fund.
According to its analysis of the Czech industrial & logistics market, CBRE monitors a significant increase in end-user demand and resulting developer and construction activity in the still relatively unestablished location of Northwest Bohemia. Combined with already strong activity in West Bohemia, the region of West Northwest Bohemia currently represents the most active region in the terms of construction activity for the first time in history and even outpacing the Greater Prague Region. The West Northwest Bohemia region will be a driver of new supply in 2017 and together with the Greater Prague area will account for approximately 80% of newly to be delivered space in the Czech Republic in 2017.
After acquiring the Campona and Pólus shopping centres in Budapest, CPI Property Group has again entrusted CBRE to manage its new properties. CBRE has also been selected as the exclusive leasing agency for the two malls.
Warsaw's Renova shopping mall, located in Targówek and owned by Napollo, has just opened the first outlet of the Mother Earth brand in Warsaw. The outlet will be located on the ground floor of the mall.
Gdańsk's Galeria Zaspa has gained a new tenant. Clothing brand Sinsay has taken nearly 600 sqm of space in the facility.
MediaExpert has joined the ranks of tenants in the shopping centre in Bełchatów - Galeria Bawełnianka. The electro market will occupy an area of over 600 sqm.
New appointments
Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
Magda Twarowska joins Logicenters Poland, the logistics arm of NREP, as Head of Commercial. She will be responsible for managing tenant relations and leasing activities, covering the standing assets and projects held by NREP NSF IV portfolio company, BIK S.A.
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