ARTICLES LABELLED WITH TAG investment

Atenor has signed an agreement relating to the acquisition of new plots in District XI of Budapest for a total area of 82,861 sqm. This new project, named Lake City has the capacity to build a total of 92,183 sqm residential area and will propose 1,326 apartments developed in eight phases. The first phase has a valid building permit in place, while for the rest of the project the building permits are yet to be obtained.

London-based investor Tritax EuroBox has agreed to sell its asset in Łódź, Poland for €65.5 million to Savills Investment Management, acting on behalf of the Vestas European Strategic Allocation Logistics Fund (VESALF I), a fund raised solely from Korean institutional investors.

After the great year in 2019 and a very good start to 2020, the coronavirus pandemic has halted the expansion of Asian investment funds in Poland. However, analysts are convinced that it is just a temporary situation and a new transaction closed this month also suggests that the flow of Asian capital has not dried up.

Courier company FAN Curier announced it will complete this year an investment of  €7 million in the logistic HUB in Cluj-Napoca after it received the final building permit this month.

White Stone Development, a part of White Stone capital group has successfully placed its first unsecured bond issue worth PLN 11 million. Due to the demand exceeding the maximum bid, the reduction of subscriptions reached nearly 20%.

Nordis Group announced the completion of a building with luxury apartments in Bucharest, an investment of €8 million. 

Based on independent external appraisals, CA Immo expects a property valuation effect of approx. €205 million (€2.07 per share) for the fourth quarter. The increase in value will more than compensate for the valuation loss of €21.5 million (€0.22 per share) booked in the first three quarters of 2020.

The total investment volume achieved in 2020 in the SEE region amounted to €766 million representing a 17% decline in transaction volume in comparison to the year before, according to CBRE’s market report summarising H2 2020 on the investment market.

2020 was a channelling year for investors and asset managers but also a chance to lay a new foundation for tenant relationships. Vladimír Bolek, Portfolio Management, Member of the Board at IAD Investments talked to Property Forum about the effects of the pandemic and shared his investment strategy for 2021.

Skanska invests €45 million in the second phase of the Equilibrium project in Bucharest, the company announced.