ARTICLES LABELLED WITH TAG investment

TTB Partners, a Hong Kong-based investment and advisory firm, announced the acquisition of a minority stake in M7 Real Estate.  The investment is the latest step in a wider collaboration between the two companies, as they seek to capitalize on the continued appetite from Asian investors for European real estate.  TTB will utilize its own network of contacts in the region to access new capital pools looking to invest in the UK and pan-European real estate, either through joint ventures or through investment funds.

By purchasing the Mezi Vodami 31 office building in Modřany, Prague, the NEMO Real Estate Fund, established by Českomoravská Nemovitostní (ČMN), expanded the total area of its office portfolio to 17,500 sqm. The value of the Fund’s portfolio now reaches €47.7 million (CZK 1.3 billion).

Savills has examined the key trends set to determine future global real estate investment activity in a series of articles and interviews launched today as part of its Impacts research programme, where the international real estate advisor studies the various social, environmental, demographic and technological ‘tipping points’ immediately facing global real estate.      

In order to expand its investment portfolio and implement its growth strategy, Hungarian investor-developer Wing has raised €156 million (HUF 54.7 billion) within the framework of the Central Bank of Hungary’s Funding for Growth Scheme. Corporate bonds subscribed by the central bank and other institutional investors have a maturity of 10 years and a yield of 3.56 percent.

Romanian proptech start-up Bright Spaces, which develops a complete digital platform for showcasing and offering for office buildings and spaces, has been selected to join proptech accelerator Pi Labs in the United Kingdom. Pi Labs is the first venture capital firm in Europe to invest exclusively in proptech start-ups and Europe's most active investor in the field. Bright Spaces was chosen, along with 4 other European start-ups, out of a total of over 600 registered teams. The Romanian startup will enter a 15-week intensive program, with the objective of developing the product and scaling the company to the size and needs of the European office market.

BDPST Zrt.’s holding in asset management firm Appennin has dipped below 5 percent as investment funds managed by the Indotek Group and the OTP Group purchased a significant stake in the company. During the over-the-counter transaction, Indotek Group acquired a 24 per cent stake from BDPST Zrt.

Beirut-based investor FFA Real Estate has acquired the Młodziejewski Palace in Warsaw from German investment fund Patrizia. The acquisition was made through FFA Real Estate’s special purpose vehicle Midolux 2. The transaction price has not been disclosed.

Czech industrial developer Contera has obtained a syndicated loan from ČSOB and Komerční banka in the total amount of €155 million. Most of the funds will be committed to refinancing the developer’s portfolio of warehouses and production halls in the Czech Republic and Slovakia, which are owned and operated by Contera together with US investment company TPG Capital. The remainder of the loan is allocated to the development of new projects.

Property Forum’s next virtual event, CEE Valuation & Investment Forum 2020, will cover the most burning topics of property investment and valuation. Leading international experts will share their own experiences and best practices related to managing the unprecedented market situation that COVID-19 has created.

Penta Real Estate has obtained a zoning decision which means that it can apply for a building permit for its Masaryk station mixed-use reconstruction project in the centre of Prague. Based on the design of Zaha Hadid Architects, the project has been in the works for over a decade. Completion is planned for 2022-2025.