Skanska has sold the Parkview office building in Prague to Deka Immobilien for €77 million. This is the second transaction between both parties in the last twelve months, which follows the acquisition of Generation Park Z in Warsaw last year.

The end of 2020 saw the completion of an investment transaction that will enable the future development of one of the largest logistics parks in the Czech Republic on the extensive land surrounding the D5 motorway near Pilsen. CBRE prepared and managed the disposal process on behalf of the Icelandic asset manager Kaupthing. CBRE in addition to advising on the sale, also assisted with land due diligence, feasibility study and provided technical advisory. The new owner of the land is retail chain Lidl.

The group completed transactions worth €206.5 million, as well as attracting record-breaking leases, launching three multifunctional projects and starting with its project of an apartment lease platform, which will deliver over 2200 units to the market. The company currently has a commercial project portfolio of 500 000 square meters and intends to double this number within the next five years.

Slovakia continues to maintain its reputation as a safe investment location with competitive yields. The total volume of commercial real estate transactions in Slovakia in 2020 amounted to €502 million. This is a 27% decrease compared to the previous year, which is due to increased investor caution and, in part, a reduced appetite for retail assets due to uncertainty about the impact of the pandemic on their future development, according to a summary by Cushman & Wakefield.

Savas Gencer has been appointed as investment director at 7R. He has joined the investment team led by Christopher Zeuner and will be responsible for capital raising activities and 7R’s international expansion into new European markets.

CTP is expanding its industrial park north of the Serbian capital, CTPark Belgrade North, following the purchase of a 28,500 sqm warehouse and adjacent land for further development from Austrian-based real estate developer Eyemaxx. As a result, the overall capacity of CTPark Belgrade North now stands at 50,000 sqm, with the landbank enabling to achieve about 115,000 sqm of leaseable space at the location.

In 2020, Echo Investment hit records both in sales and handovers of apartments. It managed to sign 1570 sales contracts with clients, what outperformed last year's results by 16%. At the same time, clients received their keys to 1505 apartments, which in turn means a 19% increase compared to 2019.

US investor Starwood Capital, through its Luxembourg holding company SOF-11 Klimt CAI S.à r.l., has increased its stake in Austrian company CA Immo to 29.99% in the past few weeks and announced a takeover offer for the remaining shares for €34.44 per share. Starwood also plans to submit an offer for CA Immo’s convertible bonds.

Liviu Tudor, the Romanian investor who owns the most office space in Bucharest through Genesis Property, bought a former factory for which he paid €3 million, Ziarul Financiar reports citing market sources.

The third fund of Czech investor Arete Group has acquired a modern, highly specialized production facility with a research and development centre and with the potential for further development in Kežmarok, Slovakia. The value of the investment exceeded €10 million.