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Not surpirngly, the easing of the COVID-19 pandemic has driven up interest in the acquisition of holiday homes. Marcin Dumania, CEO of Polish holiday apartment operator Sun & Snow talked to Property Forum about the holiday apartments industry’s struggles with the pandemic, forecasts for the upcoming months and the company’s investment plans.

Investment transactions totaling over €400 million are in different negotiations stages in Romania, mostly in the office and retail segments, according to real estate consultancy JLL Romania. 

During H1 2021, Czech residential developer Central Group has completed the acquisition of land plots in three Prague locations, Žižkov, Hloubětín and Vysočany, for CZK 750 million. It plans to build almost a thousand new apartments on the land.

The occupancy level in Prague’s hotels was just 10% during the first six months of this year, with revenue remaining far below the average of the pre-coronavirus years. Contrary to initial expectations, their owners are not selling them – definitely not on a mass scale. Investors’ interest in buying remains strong – more than one-third of them are “very” or “highly” interested in Prague, according to Cushman & Wakefield’s current Hotel Investor Beat survey. Investors obviously trust Prague’s hospitality market and perceive its current situation as temporary.

Bluehouse Capital has sold the Point Shopping Center in Zagreb. CBS International, part of the Cushman & Wakefield Group, acted as advisor on the deal as an exclusive sales representative, ekapija.com reports. The buyer was Slovenian investor TRIGAL Alternative Investment Fund, the company announced on LinkedIn.

Czech investor Arete Group’s third fund, focused on quality industrial and logistics assets in the CEE region, completed the acquisition of a production and storage facility near Beroun, 20 km from Prague. This is the acquisition of a complex used for the production and storage of the Czech company Hronovský s.r.o., which was founded in 1990 and is one of the leaders in the field of cable assembly production, machining on CNC machines, pressing of plastic components and assembly of mechatronic components. The financial volume of the transaction exceeded almost €10 million.

Cavatina Holding has acquired land in Wrocław from Invest City for a net sum of €20.8 million (PLN 95 million).

Piotr Trzciński, Head of Investment – Poland at Savills Investment Management talked to Property Forum about the changes forced by pandemic on the investment market, financing conditions and the long-term strategies of major international players.

The Board of Directors of Atrium European Real Estate has received a proposal from Gazit Globe Limited to acquire the equity of Atrium that Gazit does not currently own for a consideration of €3.35 per share. An independent committee of the Atrium Board will review and consider the proposal.

Following their reopening in May, shopping centres have seen both their revenue and footfall increase to a rate exceeding the performance during the same period last year. The footfall was lower than in the pre-crisis year 2019, but the revenue was comparable; in fact, it was slightly higher. Supermarkets and hypermarkets fare the best in terms of revenue; electronics and health and beauty products are also doing well. The current performance of shopping centres can therefore be described as very strong, with figures exceeding initial expectations, and investors show renewed interest in properties again, with several major retail transactions being planned for this year and the next. To date, office and logistics properties have been selling the best this year.