ARTICLES LABELLED WITH TAG investment

Golub GetHouse has signed the purchase agreement of the property located at Jagiellońska Street 82 in the Warsaw district of Praga-Północ. The investment plot with a total area of 11,533 sqm is located opposite the Kozminski University. In the first stage of the project, a modern student house with cca. 430 beds and with student amenities will be constructed. The investment will be covered by the Golub GetHouse Property Fund II FIZ and in partnership with CA Ventures company, specializing in the construction of student houses in the USA.

Atrium European Real Estate Limited announced the sale of 18 assets in Hungary and one in the Czech Republic for a combined price of €70 million, representing an 8% premium to the book value as at 30 September 2017. The disposals form part of the company’s ongoing strategy to improve its portfolio through the selective rotation of capital towards high quality, well-established shopping centres which dominate their catchment areas.

Appeninn Nyrt. announced the purchase of a historic building in the centre of Budapest for €7 million through the acquisition of holding company Plaza House. Dávid House, located on Andrássy Road and formerly known as Andrássy Palace, has 2400 sqm GLA. It was transformed into a Class A office building in 2001.

Macquarie Infrastructure and Real Assets (MIRA), a division of the Macquarie Group, and GLL Real Estate Partners (GLL), the Munich-based real estate fund manager, announced they have signed an agreement which will see GLL become the real estate equity investment platform for MIRA in Europe and the Americas operating under its own brand. The terms of the transaction remain confidential.

In 2017 the residential market took the lead in terms of land deals, recording all-time highs for both the number and value of sale/purchase contracts. The market for land suitable for office buildings and hotels also continued apace in 2017. The appetite of developers for new purchases was underlined by deals for several dozen properties throughout Poland, according to JLL.

M7 Real Estate has completed the sale of Oregon House in Prague on behalf of M7 Central European Real Estate Fund I (M7 CEREF I) to BHS German Real Estate Fund.

Avestus Capital Partners, an Irish real estate investment and asset manager, sold a landmark office building in the heart of Sofia. Moskovska Business Center changed its owner after several months of negotiations with strong interest from local and foreign investors. The buyer is a Bulgarian company owned by private investors with interests in different fields of business. The transaction price has not been disclosed. Cushman & Wakefield Forton acted as an exclusive advisor to the seller.

Apleona GVA has secured a contract for technical support and advisory services during the pre-opening phase of the Holiday Inn Warsaw City Centre Hotel and the transition to the new owner. The 256-room property is ready to host its guests. It was officially acquired by Union Investment Real Estate GmbH on January 31st for its UniImmo: Deutschland fund.

Wing Zrt. has acquired a retail portfolio which includes the EuroCenter Óbuda shopping centre as well as two properties in the regional city of Szombathely. The company has over ten years of experience developing and managing retail properties and plans to carry out value-enhancing investments across the new portfolio with a particular focus on the Buda shopping centre. Wing intends to invest in improving the shopping centre’s existing strengths for both shoppers and tenants.

CPI Property Group announced the disposal of the Budaörs Office Park property in Hungary, located in the Western suburbs of Budapest, at an undisclosed price. The buyer is a Hungarian real estate fund which has not been named.