ARTICLES LABELLED WITH TAG Chinese

News Portugal's Fidelidade buys office building in Budapest
11
Jun
2021

Portugal's Fidelidade buys office building in Budapest

by Property Forum
Property Forum reported less than a month ago that the BC 140 office building in Budapest's Váci út was being sold. At that time, the new owner apparently would have been Chinese-owned Resolution Property but the latest developments indicate that the company that actually acquired the building in Portugal's Fidelidade. Although the two companies are rather far from each other at first glance, they are actually part of the same Chinese holding.
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News Chinese investor buys Bucharest office building from GLL
10
Aug
2020

Chinese investor buys Bucharest office building from GLL

by Property Forum
Chinese investment company Fosun has acquired the Floreasca Park office building in northern Bucharest from German investor GLL. The transaction was carried out through Fosun’s local subsidiary Resolution Property, which acts as a value-added real estate investment manager.
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News MNB fund sells stake in Budapest development project
23
Jan
2020

MNB fund sells stake in Budapest development project

by Property Forum
Optima Investment Ltd., which manages the assets of the Central Bank of Hungary’s Pallas Athené Foundation, has sold the majority stake of its Budapest development project, located on the Váci Road office corridor, to internationally-based Chi Fu Investment Group.
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News Chinese investor buys BTS distribution centres in Poland
20
Jan
2020

Chinese investor buys BTS distribution centres in Poland

by Property Forum
Invesco Real Estate has sold two build-to-suit distribution centres in Poland totalling 105,000 sqm to Chinese investment company CGL Investment Holdings Corporation. The sale was made on behalf of Invesco’s strategic opportunities investment programme and the corporate transaction has set new records for the market with assets valued based on a record yield for the Polish logistics market of 4.25%. The purchase price was not disclosed.
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News Chinese tenants increase their activity in the Czech Republic
09
Oct
2017

Chinese tenants increase their activity in the Czech Republic

by Property Forum
In the past 18 months, three major Chinese logistics providers leased almost 100,000 sqm of new warehouse premises, one of them being 68,000 sqm leasing agreement in VGP Park Jeneč signed by the company 4PX Express (logistics operator of Chinese e-commerce company Alibaba). This transaction ranks among the largest single industrial transactions of this year. Chinese concentration on the Czech market is expected to continue as there are several other major transactions currently underway.
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News Logicor to be sold to China Investment Corporation for €12.25 billion
06
Jun
2017

Logicor to be sold to China Investment Corporation for €12.25 billion

by Ákos Budai
Real estate funds managed by Blackstone have agreed to sell their pan European logistics company, Logicor, to affiliates of China Investment Corporation (CIC) for €12.25 billion.  Logicor owns and operates a portfolio of high-quality logistics assets totalling 147 million square feet, in 17 countries with over 70% concentrated in the UK, Germany, France and Southern Europe.  
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News Penta Investments sells in Prague to Chinese investors
11
Nov
2016

Penta Investments sells in Prague to Chinese investors

by Ákos Budai
Penta Investments has sold its Florentinum office building, the company’s first development completed in the Czech Republic, to Chinese investment group CEFC. Florentinum, a LEED Platinum certified property opened in 2014 and is home to 70 long-term tenants, many of them blue chip companies such as EY, HSBC Bank, Bank of China, Havel Holásek & Partners Law Firm and RSJ Investment Group. The value of the transaction has not been disclosed. 
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Latest news


New leases

  • One of Poland's largest alcohol importers and distributors is changing its Warsaw office. United Beverages Group will occupy nearly 2,700 sqm of space at My Place by Echo Investment in Warsaw's Mokotów district. The company will start work at the new address in mid-2023.
  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.

New appointments

  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
  • P3 Logistic Parks strengthens its team in Poland. Having worked as Deputy Head of Leasing since 2019, Iwona Sadowska has now been promoted to the position of Head of Leasing.


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