At the turn of the year, property development and investment company Crestyl bought a residential housing project in Prague Radlice, in the vicinity of Radlická Street, from developer Red Group. The project in Prague 5, which has already been granted planning permission, will include over 150 apartments. The price of the transaction was not disclosed and the investment was made without the involvement of bank financing, Crestyl said.

Ghelamco has announced the sale of office buildings together with a retail and service passage in The Warsaw HUB complex. Google Poland is the purchaser, one of the main tenants of the building.

Cavatina Holding S.A. has placed in the public offering 3.5-year bonds with a value of over PLN 40 million. Debt securities of one of the largest developers of office space in Poland will go to approx. 560 investors.

The Robyg Group wants to increase the share of apartments for rent in its offer. In line with the strategy, by 2024, it plans to allocate about 4,500 apartments for rent. It also plans to expand its operations to other cities in Poland, the chairman of the supervisory board Oscar Kazanelson announced.

Low interest rates and high inflation continue to drive demand for investment properties with the residential asset class remaining highly popular. As more and more private individuals, family offices and trusts are diversifying their portfolios, Arnold Investments has greatly expanded their commercial property segment. Investments in critical retail properties, logistics and offices are currently interesting, but hotels are also performing surprisingly well. Multinational brokerage firm Arnold Investments, which supported almost 100 transactions in 2021, summarised key investment market trends in Austria and other regional countries.

A complex of three Komerční banka office buildings with an area of more than 12,000 sqm has been bought by Central Group in Prague 9. These are non-residential premises that can serve as emergency facilities and space for NGOs assisting refugees in the current war situation in Ukraine. The developer informed about the offer of the complex on its website, along with information about stopping the sale of apartments to citizens of Russia and Belarus who do not reject the aggressive and barbaric actions of their countries towards Ukraine.

Dom Development has bought all the shares in the seven companies that comprise the Buma Group from the Giovanni fund for PLN 151.4 million.

Evergent Investments, a financial company listed on the Bucharest Stock Exchange (BVB), has announced the development of a new mixed-use project in Iași with an estimated value above €100 million. 

There is scepticism in the market regarding the correlation between sustainability and financial performance but it is beneficial to be sustainable if you consider the overall life-cycle of the building, explains Oana Stamatin, ESG Chief Officer | CEE & Romania at Colliers. She talked to Property Forum about the challenges and opportunities owners of real estate face in striving for ESG compliance. 

With the ending of the acceptance period of its takeover offer for Immofinanz, CPI Property Group announced that it will soon hold at least 53.33% of Immofinanz’s share capital and voting rights.