The GDP growth estimate of up to 5% for countries in Central and Eastern Europe (CEE) will attract more institutional money in the regional property markets, suggested speakers during the local & cross-CEE investment panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

Maciej Dyjas and Nebil Senman, Managing Partners at Griffin Real Estate have talked to Property Forum about investing in new opportunities, the future of the retail and changes in the office market.

In 2021, the excess demand in the Austrian apartment building market will continue to lead to solid increases in the values of residential and commercial buildings. However, according to Arnold Investments, prices in very good and good locations have currently stabilised at a high level. Entry-level prices for local properties within the “Gürtel” (beltway) are currently starting at €4,000 to €5,000 per square metre.

S Immo aims to further strengthen its presence in the Central and Eastern European region, including Hungary, the company announced in a press release celebrating 20 years of operation in the Hungary.

The sellers are the big winners in the current market, but new growth opportunities for investors are still present in the region, commented speakers during the post-COVID-19 investment panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

According to Savills, European multifamily is now firmly established as Europe’s second-biggest real estate sector. At €24.1 billion it captured 23% of the investment activity in H1 2021 across the 12 countries that the international real estate advisor monitors. This compares to a five-year average of 16%. Office investment was the highest, accounting for 28% of the total, at €29.3 billion.

Oxford Properties Group has completed its acquisition of M7 Real Estate, having received all regulatory approvals. The deal, which was announced in January this year, brings together one of the UK’s leading European real estate investment and asset management platforms and a globally renowned institutional investor operating across multiple asset classes and jurisdictions.

Wing held a successful bond auction, issuing green bonds totalling approximately €70 million (HUF 25 billion) through the Bonds for Growth Scheme (NKP) of the Central Bank of Hungary (MNB). In line with international standards and requirements, Wing will use the funds raised through the bonds solely for environmentally friendly projects and assets.

Globalworth has signed a preliminary agreement to sell five Warsaw office buildings to 5th Corner – a new investment platform set up by Cornerstone Investment Management and other shareholders. In this transaction, which is valued at around €123 million, the buildings in Globalworth’s portfolio that are to be sold are Nordic Park, Bliski Centrum, Batory Building I, Company House I and Warta Tower.

Cavatina Holding, the largest Polish office developer, established a bond issue program worth up to PLN 200 million and submitted a prospectus to the Polish Financial Supervision Authority (UKNF), which, if approved, will form the basis of the issue. Michael/Ström Dom Maklerski has been engaged to organize the issue.