ARTICLES LABELLED WITH TAG investment

Aurec Capital Poland has acquired three residential buildings in Warsaw’s Praga Północ district with the intention of redeveloping them. 150 rental apartments and retail units will be built under the LivUp PRS brand. The redevelopment project is planned to be completed in early 2022.

DSV, a global supplier of transport and logistics services, has closed the sell-and-lease-back transaction with French investor, Corum Asset Management, for the new DSV International Shared Service Centre in Warsaw’s Mokotow Business District. The total leasable area (GLA) of the project is 20,000 sqm. Cushman & Wakefield advised the seller.

London-based investor Grosvenor’s Indirect Investment team has expanded its portfolio in the logistics sector with a move into Poland. Grosvenor is the cornerstone investor of Polish Logistics LLP, a new investment vehicle established by IO Asset Management, the specialist manager of industrial real estate, and Reino Capital, a real estate holding company listed on the Warsaw Stock Exchange. Polish Logistics LLP has acquired Logistic City in the established logistics location of Piotrków, south of Łódź, from a private investor.

Before the coronavirus outbreak, Poland was among the fastest-growing economies in the European Union. What’s it like now? In its latest report, Cushman & Wakefield brings an overview of the macroeconomic situation, looks at the impact of the pandemic on each real estate sector and presents economic growth forecasts for Poland.

Tesco announces the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office.

Virtual Property Forum, Europe's first comprehensive online property conference was held last week. We summarised some key insights of the panel discussion about investment strategies for the post-lockdown world, moderated by Otis Spencer (P3).

GalCap Europe, a real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio. The Rumbach Center office building now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It was sold by Dubai-based Al Habtoor Group, one of the MENA region’s most respected conglomerates with interests in hospitality, automotive, real estate and education. The deal was brokered by Colliers in Hungary.

Spanish investment fund Danube Property, which acquired four office buildings in Bucharest prior to the 2008 crisis, plans to sell its last asset on the Romanian market, after selling another one during the state of emergency, profit.ro reports.

Real estate investment company Arion Green has acquired the Global City office complex located in Pipera from Global City Business Park. The transaction was closed at the end of April.

Bucharest has been named one of the top 10 European Tech Cities of the Future for 2020/21, according to fDi and TNW. The Romanian capital ranks as #7 making the Central & Eastern European city with the highest score. Five other cities – Warsaw (#15), Sofia (#20), Prague (#22), Tallinn (#23) and Krakow (#24) have made it into the top 25.