Indotek Group has completed the acquisition of 11 office buildings in 5 business parks in Belgrade from GTC. With the closing of one the recent years’ largest transactions in CEE, Indotek Group has further strengthened its position in the regional real estate market and is now present in 12 countries.

GLP has closed an acquisition contract for a 22.3-hectare plot in Szigetszentmiklós, next to its existing Sziget Logistics Centre near Budapest, the larger part of which has already been let to Fiege Group. GLP has simultaneously obtained an occupancy permit for the first building, while two further units are under construction. The two phases of the project will comprise more than 150,000 sqm of prime warehouse space.

The Resideo warehouse in Nagykanizsa, Western Hungary has recently changed hands, Cushman & Wakefield announced on LinkedIn.

Crescendo Real Estate Advisors has finalized the sale of a BTS facility, located in Gliwice, which was built for DPD Polska. Palmira Capital Partners’ acquisition of the property for the European Core Logistics Fund (ECLF) was completed in December 2021. 

Echo Investment signed a preliminary sale agreement for three office buildings in Fuzja Łódź, that will be acquired for over €56.4 million by KGAL Group, an independent investment and asset manager. The buildings encompass 22,000 sqm of BREEAM-certified office space. They are a part of mixed-use Fuzja, a project revitalizing a post-industrial area of Łódź.

Griffin Capital Partners is the new name of the rebranded investment and asset manager Griffin Real Estate. By changing its name and revising its visual identity, the company wants to highlight the shift to private equity that has taken place in Griffin’s investment strategy over the last years.

2021 was a year of unprecedented activity of Czech investors and developers on the Polish real estate market. Czech entities are competing with major German, American and Israeli players and so far they are performing very well in the race for the best assets.   

Net lease real estate investment trust W.P. Carey has added seven DIY retail stores in Poland to its portfolio. The NYSE-listed company has bought the newly built assets totalling 70,000 sqm from private real estate firm Supernova Group for an undisclosed sum. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases.

Commercial real estate market in Poland has come a long way since the spring of 2020. Never before have so many changes been made in such a short time. Adaptation to new conditions turned out to be the most difficult for hotels and retail. For the warehouse market, in turn, the reshuffling of sales and deliveries became a springboard for a series of records. The offices returned in a new form. Nowadays, the new trends that will shape the market in the upcoming years, lead the way for the real estate sector. Experts from Walter Herz consulting company comment on what is changing.

Total investments in commercial real estate in Slovakia in 2021 exceeded €750 million which exceeded the volume of investments in the pre-crisis year 2019. Prime yields decreased over the past year, confirming the attractiveness of investing in the commercial real estate market in Slovakia, says Cushman & Wakefield.