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News GTC completes sale of Budapest office building
09
Nov
2020

GTC completes sale of Budapest office building

by Property Forum
GTC has sold Spiral, a Class A office building located in Budapest, Hungary. The sale will generate €41 million of free cash.
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News Partners Group and Northern Horizon exit €200 million CEE JV
09
Nov
2020

Partners Group and Northern Horizon exit €200 million CEE JV

by Property Forum
Partners Group and Northern Horizon have announced the sale of the last two assets, both located in Riga, in their €200 million CEE joint venture to Grinvest, a Singapore-based property and renewable energy investor.
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News South African fund plans to invest in Romexpo project
05
Nov
2020

South African fund plans to invest in Romexpo project

by Property Forum
South African investment fund RMH plans to invest €200 million in the mixed-use real estate project planned around the Romexpo exhibition centre in Bucharest by Romanian businessman Iulian Dascalu and Atterbury Bucharest, the local subsidiary of South African investor Atterbury Europe (which is 37.5% owned by RMH). RMH will own a quarter of the project, according to Profit.ro.
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News Investment activity in Poland remains strong for now
05
Nov
2020

Investment activity in Poland remains strong for now

by Property Forum
Poland’s commercial property investment volume surpassed €4 billion in the January-September period of 2020, down by 12.4% on the same period in 2019. Logistics accounted for nearly half of the investment activity while offices made up 38% of the transaction volume in Q1-Q3 2020, according to Cushman & Wakefield.
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News BCR to sell landmark office building in Bucharest
05
Nov
2020

BCR to sell landmark office building in Bucharest

by Property Forum
Romanian lender BCR, part of Austria’s Erste Group Bank, has reportedly reached an agreement to sell the Bucharest Financial Plaza office building on Calea Victoriei that served as the headquarters of defunct state lender Bancorex.  The buyer is a German investor and the details of the deal will be announced in early December, Economica.net reports.
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News Metro plans to sell 9 stores in Romania
05
Nov
2020

Metro plans to sell 9 stores in Romania

by Property Forum
German group Metro intends to sell and lease back 9 of its stores in Romania to increase its competitiveness and efficiency and to improve liquidity for new investments and developments. The offer also includes 6 stores in Slovakia.
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News Prague‘s office market remains fairly priced
03
Nov
2020

Prague‘s office market remains fairly priced

by Property Forum
According to the latest Savills research, Prague’s office real estate market is fairly priced despite some minor outward prime yield movement during the first half of the year. This broader continent-wide outward yield movement has helped push the average yield spread between prime European offices and Eurozone government bonds to 325 basis points, more than 100 bps above the historic average.
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News Romanian proptech company kicks off with €300,000 investment
03
Nov
2020

Romanian proptech company kicks off with €300,000 investment

by Property Forum
In the context of the digital transformation growth, Alexandru Boghiu and Radu Gogoașă announce the launch of The Mavers, a digital & tech startup on the real estate market, with an investment exceeding €300,000.
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News P3 to revitalise Vítkovice Industrial Zone in Ostrava
03
Nov
2020

P3 to revitalise Vítkovice Industrial Zone in Ostrava

by Property Forum
P3 has signed an agreement with Vítkovice, a.s. and VTK NCA a.s. to buy 40 hectares of land in the Vítkovice area in Ostrava. Formerly known as Aglomerace, the area will be used by P3 to build an industrial and commercial district that will include production and storage warehouses, stores, showrooms, offices, and various other facilities. The overall design of the complex is being prepared in cooperation with architect David Kotek from the Ostrava-based Projektstudio.
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News One United announces up to €70 million capital increase
02
Nov
2020

One United announces up to €70 million capital increase

by Property Forum
Romanian real estate developer One United Properties has announced a capital increase of up to €70 million. Following the General Meeting of Shareholders on 28 September, the capital increase was approved at a €380 million pre-money valuation and up to €450 million post-money valuation.  
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Latest news


New leases

  • Two more brands have joined the ranks of tenants at Galeria Copernicus in Toruń: Żabka (60 sqm) and the pet shop Aquael ZOO (170 sqm).
  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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