ARTICLES LABELLED WITH TAG Fortress REIT

06
Sep
2021

Fortress buys 50,000 sqm industrial park near Bucharest

by Property Forum
Property investment trust Fortress, based in South Africa, has reached an agreement to purchase ELI Park 1, an industrial project in Buftea-Chitila, near Bucharest, for an undisclosed sum. The sellers of the 50,000 sqm project are Element Industrial and Pavăl Holding.
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17
Mar
2021

New players rush to enter Poland’s warehouse market

by Michał Poręcki
Investors and developers from all over the world are in a race for a slice of Poland's rapidly-developing warehouse market cake. Property Forum takes a look at the new and expanding players that have made headlines in recent months.
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14
Mar
2021

Fortress REIT buys first logistics asset in Romania

by Property Forum
Fortress REIT, one of the largest developers in South Africa and the majority shareholder of NEPI Rockcastle, buys with €30 million the warehouses built by the owners Dedeman and Ionuț Dumitrescu in Chitila, according to Economica.net.
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11
Mar
2021

Fortress REIT buys logistics parks in Bydgoszcz and Stargard

by Property Forum
South African investor Fortress REIT has acquired two logistics parks in Bydgoszcz and Stargard from Griffin Property Finance. This is the first direct acquisition in Poland by Fortress REIT and the value of the transaction has not been disclosed.
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21
Jan
2021

Fortress REIT to enter Romania's logistics market

by Property Forum
South African developer Fortress REIT is close to entering the Romanian logistics market by acquiring the logistic park in Chitila, owned by Element Industrial and Dedeman, according to Ziarul Financiar, which cites market sources.
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Latest news


New leases

  • COS, the office fit-out supplier, has leased 3,000 sqm in the Miro project, in northern Bucharest. All of the company’s employees will start working in the new offices next summer. Part of the space will host a showroom. The building is developed by Speedwell.
  • Recovery clinic Empatio București has leased 200 sqm in The Eminescu Offices project located in central Bucharest. The opening of the clinic is scheduled for April 2022. The office building is developed by Akcent Development and managed by Cushman & Wakefield Echinox.
  • SIG, a supplier of building products on the Polish market has decided to relocate its branch. It leased 2,067 sqm of warehouse and office space in City Logistics Katowice. The tenant was represented in the negotiation process by real estate advisory firm Cresa Poland.

New appointments

  • BNP Paribas Real Estate Poland strengthens its Capital Markets department. Bartłomiej Sutkowski, a highly valued expert with almost 15 years of experience within the real estate industry will be its new Associate DIrector.
  • MDC2 COO and co-founder Jeremy Cordery was recently appointed as a Board Member of the company’s Board of Directors and will be an active member of the following committees: ESG, IC and Audit & Risk.
  • Avison Young announced Karolina Pruchniewska’s promotion to the role of Communications Manager CEE. Based in Poland, Karolina will be responsible for enhancing brand awareness of the company in Central and Eastern Europe, supporting Avison Young in Bulgaria, the Czech Republic, Hungary and Romania also regarding internal communication within the firm. She will also be still managing marketing & PR activities of the Polish branch of Avison Young.


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