Czech real estate fund Investika has announced its second acquisition this year. After a set of three residential properties in the Czech Republic and Spain, it has now acquired a manufacturing and logistics complex near Wroclaw, Poland. The value of the transaction amounts to approximately CZK 1 billion, the company announced.

Kamil Kowa, Member of the Board at Savills Poland talked to Property Forum about the rapid development of the Polish private rental sector, its attractiveness for investors and the current state of PBSA industry.

There is increased demand for all categories of property assets in Romania, with office and industrial set to continue their growth streak this year. Property Forum talked to Victor Constantinescu, Managing Partner of Kinstellar’s Bucharest office and Co-Head of the firm-wide Real Estate practice, about the impact of the pandemic on Romania’s real estate market and how the country’s property investment potential can be harnessed in the next years.

Hines, the global real estate firm, has acquired a portfolio of four logistics assets, spanning a total of 65,960 sqm, in Prague on behalf of its Hines European Core Fund (HECF), from CPI Property Group, for an undisclosed price, the company announced.

Accolade Industrial Fund had a successful 2021. Its performance exceeded 20 percent last year, an all-time high. The fund's portfolio had grown to include more industrial parks, and the total leased area exceeded one million sqm. Over 2,200 investors have already invested in the fund. 

The Railways of the Slovak Republic (ŽSR) intends to sell its railway hospital with a clinic and hostel in Trnavský Mýto in Bratislava. The sale will take place in the form of an electronic auction, which starts at a starting price of € 19.9 million excluding VAT, online daily trend.sk quotes the announcement of the tender published on the ŽSR website.

Build-to-rent (PRS), industrial and offices are the asset classes that will continue to attract investments in CEE this year, although a prolonged geopolitical crisis could hamper development plans, commented speakers during Property Forum’s latest online event which aimed to provide a property investment outlook for 2022.

Individual investors subscribed to all L-series bonds offered by Echo Investment. For the second time this year, the developer will issue securities with a total nominal value of PLN 50 million.

Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3 billion in 2021, a 79% increase y-o-y and a 120% increase on the past five-year average, according to Savills. In Poland, multifamily investment activity hit an all-time high of close to €725 million in 2021.

French asset management company MNK Partners has added the NC3 building in Warsaw to its MNK One portfolio. The office building is located on ul. Postępu in the city's Służewiec business district. The value of transaction has not been disclosed.