Utmost cautiousness, falling transaction volumes and waiting for the office sector to finally catch its breath and the large retail schemes to redefine their strategies contrast with considerable investor interest in specific retail formats, the dynamic growth of the logistics sector, and strong entry of European players onto the domestic residential rental market. This is what—according to the latest report by BNP Paribas Real Estate “At A Glance: Investment Market in Poland in Q2 2021”, Poland’s commercial property investment market looked like in the second quarter of the year.

The European Bank for Reconstruction and Development (EBRD) has agreed to sell its entire stake in Globalworth Real Estate Investments Ltd to Zakiono Enterprises Limited, a company ultimately owned by CPI Property Group S.A. and Aroundtown SA. No value for the transaction has been released.

Residential developer Lucron has sold the entire retail part of the Urban Residence project in Bratislava to Slovak group Coopex Hold. After the complete occupation of facilities and their sale, the entire Urban Residence is already in private hands.

Total commercial property investment volumes climbed to €426 million in the Czech Republic during the second quarter of 2021, according to Savills latest research. This represents a 42% increase compared to the same period last year and a 47% increase in investment activity compared to the previous quarter.

BBI Development and Liebrecht & Wood have started the process for selling their city-forming Centrum Praskie Koneser redevelopment project in Warsaw’s Praga district.

Colliers sold a 30,000 sqm industrial complex as part of a 9 ha site in Nemesvámos, near Veszprém, to the Austrian automation company Knapp. The seller MTD Hungary, a lawnmower producer, closed the factory in 2020 as they decided to centralise the production somewhere else and asked Colliers to put the property on the market for sale.

Cushman & Wakefield summed up the first half of 2021 on the commercial real estate market in the CEE region. The investment volume at the end of the first half of the year amounts to €3.7 billion and is nearly 25% lower than in the same period in 2020.

Hungary-based Alfa Group’s first Green Bond receives strong anticipation from investors with proceeds from the approx. HUF 10 billion issue planned to be invested in green buildings.

Colliers has issued its latest market snapshot for Europe, the Middle East and Africa (EMEA), which shows a resurgence of interest in property markets in the second quarter amid growing investor confidence in the region’s recovery prospects.   

CBRE acted as an advisor to Patria Investiční společnost in the acquisition of a portfolio of two retail parks for the newly established Patria Logistics and Retail Fund from the Czech development group KPD. The two assets are the Ovčáry Retail Park in Kolín with a retail area of ​​8,950 square meters and tenants such as Lidl, Sinsay, Teta, Pepco, Tedi and Deichmann, and the Mohelnice Retail Park with an area of ​​approximately 2,750 square meters and long-term tenants, which are Mountfield and Jysk.