ARTICLES LABELLED WITH TAG Heitman

The Czecho-Slovak High Yield Fund managed by investment bank Wood & Company has bought the BBC5 business centre in Bratislava from Heitman Real Estate Fund. This is the second deal closed between the two companies this year, following the acquisition of Aupark Tower.

Poznań’s Galeria Malta, under a JV co-owned by Heitman and Neinver, has been sold to an unnamed new investor. At the same time, Balmain Asset Management and BSC Real Estate Advisors have been designated respectively as the new asset manager and property manager of the shopping centre, replacing Neinver.

Heitman LLC, a global real estate investment management firm, has announced the appointment of Kurt Jovy as Senior Vice President, Director of European Acquisitions. Mr. Jovy, who will be based in Munich, will report directly to Gordon Black, Senior Managing Director of Heitman’s European Private Real Estate Equity group.

TriGranit has completed the sale of two assets. Millennium Towers, an office complex in Budapest, has been sold to CA Immo for €175 million and Bonarka City Center, a shopping mall in Krakow has been purchased by Rockcastle. The developer will remain the property manager of both assets.

CA Immo has signed a sales and purchase agreement to acquire the Millennium Towers Class A office complex comprising of 70,400 sqm GLA in Budapest, Hungary. The transaction volume of the fully rented asset amounts to €175 million, the annual rental income reaches €12 million.