ARTICLES LABELLED WITH TAG investment
06
Oct
2020
Oct
2020
Generali Real Estate buys Prague office building for €70 million
Generali Real Estate’s Core+ Fund has acquired the IBC office building in Prague’s Karlín neighbourhood from local investor Mint Investments for €70.2 million (CZK 1.9 billion). Wilsons provided legal advice for the seller during the transaction.
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06
Oct
2020
Oct
2020
Tatra banka plans to sell office building in Bratislava
Tatra banka, a member of the Raiffeisen Bank International Group, has decided to reflect on the latest development in global workplace trends by changing its corporate real estate strategy which currently includes disposal of one of Tatra banka's office buildings on Černyševského street no. 48 in Bratislava.
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05
Oct
2020
Oct
2020
Forty Management buys 4 ha plot of land in Bucharest
Local real estate developer Forty Management has acquired a 39,896 sqm plot of land of in the Străulești area of the Bucharest from Butan Gas Romania in a transaction valued at €8.2 million. The developer plans to deliver the Central District Lagoon City mixed-use project with 570 apartments, hotel, offices and commercial space, following an investment of over €100 million.
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05
Oct
2020
Oct
2020
Hungary’s property market registers first-ever ’greenfield REIT’
Hungary’s first-ever ’greenfield REIT’ marked a major milestone for the country’s property market as SunDell Estate Nyrt. has been registered as a regulated property investment company (known as SZIT in Hungary) by the Hungarian National Tax and Customs Authority (NAV). This makes SunDell the first company in Hungary that gained SZIT status nearly upon completion of all the steps of an initial float rather than choosing this form of operations after a substantial stock exchange presence.
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01
Oct
2020
Oct
2020
Logistics is the winner of the COVID-19 crisis in CEE
Eight regionally renowned experts discussed real estate investment strategies for the post-COVID-19 world at the online edition of CEE Property Forum 2020, organised by Property Forum and RICS. We summarised the highlights of the discussion, moderated by Luke Dawson, Managing Director & Head of Capital Markets CEE at Colliers International.
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01
Oct
2020
Oct
2020
CA Immo exits Croatia with sale of Zagreb office building
CA Immo has signed and closed the sale of the Zagreb Tower office building to Austrian property company S Immo AG at a 5% premium to H1 2020 book value.
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29
Sep
2020
Sep
2020
Near-neighbour investments to dominate global capital flows in 2021
Knight Frank’s Active Capital 2020 finds that cross-border investment into safe-haven locations and ‘near-neighbours’ are set to dominate global capital flows in 2021, as COVID-19 shifts trends in real estate investment and global mobility.
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29
Sep
2020
Sep
2020
COVID-19 drives up demand for premium resi assets in Bucharest
The Little Genius private school rented a historical monument villa located on Kiseleff Boulevard in Bucharest in order to meet the social distancing requirements imposed by the authorities, the transaction being intermediated by Cushman & Wakefield Echinox.
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24
Sep
2020
Sep
2020
Local investors acquire Brno shopping centre
Czech investment group Portiva and Micronix have acquired the Central Kladno shopping centre in Brno from Crestyl for approximately €74.8 million (CZK 2 billion).
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24
Sep
2020
Sep
2020
AFI Europe secures €170 million loan from three banks
AFI Europe Group contracted a €170 million loan from a consortium of banks consisting of Erste Bank Group, pbb Deutsche Pfandbriefbank, and Banca Comerciala Romana (BCR) to acquire NEPI Rockcastle’s office portfolio of in Romania.
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Latest news
- Panattoni starts 20,000 sqm logistics centre for Toyota in Warsaw
- Aupark Shopping Centre secures €270 million refinancing
- 7R to develop 230,000 sqm urban logistics complex in Kraków
- Skanska advances with second phase of H2Offices complex in Budapest
- Hubix invests in Timișoara mixed-use project
- Czech retail parks hit 15-year expansion high as locals shop closer
- Panattoni sells automated e-grocery hub near Warsaw for €30 million
- Check who’s shaping Czechia’s real estate market in 2026
- iO Partners launches workplace strategy platform
- Ares acquires Polish logistics portfolio from Savills IM
New leases
- Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
- Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
- Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
New appointments
- Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
- Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
