ARTICLES LABELLED WITH TAG investment

On October 1, 2018, the Tokyo Stock Exchange approved a program listing application from CPI Property Group for listing on the professional-oriented Tokyo Pro-Bond Market

The first six months of 2018 haven’t been the strongest for the Hungarian investment market but the current pipeline of deals leaves much room for optimism regarding the remaining months of the year. Benjamin Perez-Ellischewitz MRICS, Regional Director and Head of Capital Markets Hungary at JLL talked to us about new investments, rising asset classes and game-changing technologies. 

Skanska has sold the first phase of the Spark office complex in Warsaw to a real estate fund of KGAL Investment Management GmbH & Co. KG, a leading German independent investment and asset manager. This is not only the buyer's first acquisition with Skanska, it is also the fund's first investment in the Polish office market.

Immofinanz has successfully closed the package sale of its roughly 26% investment in CA Immobilien Anlagen AG to SOF-11 Starlight S.à r.l., a member company of the Starwood Capital Group.

Portland Trust has acquired a 16,000 sqm plot of land on Jiului street near Bucurestii Noi Boulevard. The transaction price is estimated at about €5-6 million, according to zf.ro.

Before 2016 nearly all transactions related to the acquisition of property in Poland were conducted in the form of asset deals. By now, share deals have become a popular alternative. Sylwia Toczyska, Director of Client Services at Vistra Poland talked to Property Forum about the current structure of transactions concluded in Poland.

Metro Properties, the real estate subsidiary of Metro AG, has sold a property in Poznań with a retail building under a long-term lease to Castorama to French investor Corum Asset Management. The purchase price amounted to €20.3 million.

M7 Real Estate has recently sold three assets, Innovations Business Park in Budapest, Hungary and Sanitas Industrial Park and Uhrineves Industrial Park both located in Prague, Czech Republic, for a total of circa €24 million, delivering investors a strong increase in value.

In Central and Eastern Europe, hotel owners are experiencing record months in terms of average daily rates which was the primary driver of the double-digit RevPAR (Revenue per available room) growth recorded by central European cities in 2017. The growing trend was also seen in the first half of this year (H1 2018). The only exception was Warsaw where RevPAR dropped slightly due to declining occupancy, yet the prices of rooms increased as in other capitals. The higher room rates translated to notable gains in hotels’ profitability which brought significant interests from investors. The lack of hotel properties available for sale and shortage of development sites in prime locations is turning attention to conversions of existing buildings into hotels. As the demand continues to grow and the development pipeline remains limited in most markets (except for Warsaw and Vienna), profitability is expected to stay strong also in the coming years.

What will be the most well-performing investment products of the coming period? How does political risk factor into investment decisions? How many years of growth do we have left in the current cycle? These are some of the questions that members of the investment panel at CEE Property Forum 2018 answered.