Palmira Capital Partners has acquired another property for the European Core Logistics Fund in Gliwice, southern Poland. The vendor is a fund advised by Crescendo Real Estate Advisors. The parties have agreed not to disclose the purchase price.

The shareholders of Atrium European Real Estate have voted in favour of the company merging with Gazit Globe subsidiary Gazit Hercules 2020.

Poseidon Group, an investor, asset manager and property manager of the Capitol Park centres across Croatia, confirmed the sale of the assets they fully manage in Zadar, Križevci, Krk, Jastrebarsko, Ivanić-Grad and Makarska, to a group of local private investors.

Stockholm-based global investment manager EQT Exeter has acquired five logistics halls in two parks in Ostrava (Logistics Park Nošovice and Ostrava Airport Multimodal Park) offering 140,000 sqm of Class A space from J&T and Concens Investments. CBRE advised the sellers in the €150 million transaction.

The commercial part of Horizon Development’s mixed-use property in downtown Budapest, Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price.

Following years of turmoil in retail, 2022 will bring rental growth and increased investment capital to the sector across Europe, according to Savills.

Immofinanz is following its market entry in Italy with the expansion of its Stop Shop retail park brand across the Adriatic region in line with the corporate strategy. In Croatia, plans call for an increase in the number of Stop Shops from the current level of 4 to more than 20 locations over the medium term. The completion of a newly developed Stop Shop and the expansion of an existing location is scheduled for the first half of 2022. Detailed market and location analyses indicated high demand by the Croatian population for decentralised, local supplies. This conclusion led to a decision by Immofinanz to secure 22 sites in medium-sized Croatian cities for the development of Stop Shop retail parks. The purchase price for these sites totals approximately €80 million.

Warehouse occupiers are prioritising the shortening of supply chains to mitigate business risks, a trend that is likely to dominate the demand for warehouse space in Europe for the next three years, reports Savills and Tritax EuroBox plc, a leading investor in European logistics real estate. According to Savills, Poland becomes a target for larger Foreign Direct Investment facilities.

Christie & Co has advised global real estate investment manager Invesco Real Estate on the sale of the Mercure Bratislava Centrum Hotel to CPI Property Group.

Panattoni is kicking off its first investments in Hungary. On the plot purchased in Herceghalom, 30 km from the centre of Budapest, Panattoni Park Budapest West will be built with a total space of 75,500 sqm. The developer has also acquired land for City Logistics Budapest I in Törökbálint, halfway between Herceghalom and the Hungarian capital. Both investments will encompass jointly up to 100,000 sqm.