CA Immo continues its path of selling non-core property assets with the signing of a sales contract for the Canada Square office building (5,000 sqm) in Budapest. The buyer is Hungarian investor Investum Kft. The sale has closed at a premium of 28% to the book value as at 31 December 2020.

One of the largest real estate transactions of the last 5 years on the CEE market was inked in Belgrade this year and the Serbian capital is attracting further investor interest. Srdjan Teofilovic, Head of Capital Markets & Investor Services at CBS International, member of the Cushman and Wakefield Alliance, talked to Property Forum about the trends driving Serbia’s investment market.

Indotek Group, a holding of Hungarian businessman Dániel Jellinek, could become a minority investor in the companies that own the Auchan stores in the country.

Czech investment group RSJ plans to make it easier for Prague developers to finance the purchase of land for residential projects. Until now, RSJ has only cooperated with developers through shares in their projects but the new RSJ Landbank sub-fund will buy the land instead of the developer, who will take it over only after obtaining all building permits, which in Prague usually takes several years, local daily E15 reports.

Penta Investments group has sold a building plot of 6,500 square meters in Warsaw for almost €25 million. The plot in the Wola district was bought by Lincoln Property Company together with the investment group ENERN. They plan to build an office building with 30,000 meters of leasable area on a plot with the availability of public transport.

According to Savills latest research using Pitchbook data, €13.2bn of venture capital (VC) was raised by European headquartered life science companies between 2014 and 2018, resulting in over 650,000 sqm of office and lab deals across selected European life science markets between 2016 and 2020. Biotechnology and nanotechnology industries are also developing rapidly in Poland.

Union Investment and GARBE Industrial Real Estate jointly acquired the first logistics property for their “UII Garbe Logistik Fonds” investment fund. The seller is the Karimpol Group, a privately held property developer active in Eastern and Central Europe for over 30 years. It was agreed not to disclose the financial details of the transaction.

Jason Drennan, Investment Director at Heimstaden talked to Property Forum about the rapidly developing PRS market in Poland, surging residential prices and plans for the upcoming months.

Most of the capital invested in commercial real estate in Central and Eastern Europe in the first half of this year went to Poland. According to Walter Herz, the forecasts for the domestic investment market are very optimistic

AIA Group Limited has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.