Echo Investment summarizes the first half of 2021, taking into account the results of the Archicom S.A. group for the first time. The first six months of 2021 brought the Group over PLN 47 million in net profit, which was mainly the result of handing over to customers 398 apartments built by Echo Investment, as well as 202 apartments of Archicom and an increase in the value of office buildings – in particular Malthouse Offices in Warsaw Breweries and Brain Park I in Cracow. Important item that influenced the results for the first half of the year and the second quarter was the profit on purchase price allocation of Archicom S.A. shares.

Pasaż Warmiński in Lidzbark Warmiński has changed its owner. The transaction is announced by the LCP group, which has acquired another project for its "convenience retail" portfolio.

FLE SICAV FIS, managed by FLE GmbH, has acquired the Rockwell Automation warehouse and industrial facility in Katowice. Knight Frank advised the buyer. The value of the deal is confidential.

EQT Exeter has acquired a portfolio of five Polish warehouse properties from Tristan Capital Partners’ EPISO 4 fund and White Star Real Estate for an undisclosed sum.

pbb Deutsche Pfandbriefbank has provided an investment loan facility and a VAT facility totalling €90 million to GreenOak Europe Core Plus Logistics, a fund managed by BentallGreenOak (BGO). The fund will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. pbb acted as arranger and sole lender under the facilities.

Real estate investors and developers across Europe are increasingly turning towards green bonds to help build portfolios of sustainable assets that accommodate a lower consumption of resources in the long term and have a limited impact on the environment. This trend is also clearly visible in the Central and Eastern European region, where a growing number of high-profile companies are choosing to finance their expansion plans with the help of green bonds.

Romanian developer One United Properties has been added to the Bucharest Exchange Trading (BET) index, which tracks the most liquid companies listed on the Bucharest Stock Exchange (BVB). 

The property markets of individual countries are affected by a number of external factors, so it is not evident that they are doing equally well in a small region like CEE. What are the strong and weak points of Hungary's property market compared to other countries in the region? How successfully has it weathered the COVID crisis? What will be the best development and investment opportunities in the coming period? These were the questions discussed by the international investors’ panel at the 2021 edition of Property Investment Forum in Budapest.

Pruim, a company managed by Griffin Real Estate, has sold six retail properties with a total GLA of over 107,600 sqm to a confidential buyer. The value of the transaction is €87 million.

Accolade and Aareal Bank have closed a refinancing deal, with a total value of €54 million (CZK 1.4 billion) for four Polish parks: in Bydgoszcz, Białystok, Mińsk Mazowiecki and Legnica. This is a sequel to their previous transaction, concluded last year, whose value amounted to €153 million (CZK 4 billion). Apart from increasing portfolio profitability, the refinancing is also to support the execution of Accolade’s strategy that aims to develop modern business in Europe.