ARTICLES LABELLED WITH TAG investment

Catalyst Capital, a European real estate investment and fund management firm, has completed the acquisition of €194 million of high-quality retail assets in Sweden, Germany, Poland and an office development in Paris for its new Catalyst Core Plus European Property Fund (CCPEPF), a €1 billion “evergreen” real estate fund. Catalyst has acquired Galleria Center Syd in Malmo from Baring Real Estate, the Rathaus Center Dietzenbach near Frankfurt from Hahn Group, the Zielony Targówek retail park in Warsaw from Credit Suisse Asset Management and agreed to forward fund an office development by VINCI Immobilier in Saint-Denis, Paris.

Bluehouse completed the acquisition of Novodvorska Plaza shopping centre in Prague. CBRE represented the buyer in the off-market acquisition of the 25,000 sqm shopping centre.

The Polish commercial real estate market is in the best shape it has ever been, posting a record-high investment volume that exceeded €7 billion in 2018. Office and industrial sectors, in particular, are setting new highs with last year’s trading volumes at nearly €2.6 billion and nearly €1.9 billion, respectively.

The European Investment Bank (EIB) has signed a €60 million loan agreement with ArtN Sp. z o.o., a subsidiary of Capital Park S.A., for a flagship project to revitalise the former Norblin factory site in central Warsaw. This is the first EIB transaction in Poland with a real estate investor under a project financing scheme.

2018 ended with a significant premiere on the local real estate market: Romanian investors ranked second in the generated volumes by nationality. Almost €200 million were spent to buy commercial properties (about a quarter of the total volume), a significant leap of more than five times compared with 2017, according to Colliers International.

Panattoni Europe will increase the supply of warehouse space in Silesia, the key industrial hub of Central and Eastern Europe. The developer has just bought land for its new investment – Panattoni Park Czeladź III. The construction of the 68,000 sqm complex will commence this quarter, creating new jobs in the region.

CEE real estate developer Futureal Group announced the sale of its rental buildings portfolio in Kaiserslautern, Germany to a professional real estate investment firm listed in Switzerland. Proceeds from the deal will be reinvested in the Group’s portfolio of over 50 ongoing projects throughout Europe.

Mark Davis has been appointed the new EBRD Regional Director for Romania and Bulgaria and will assume his new role in Bucharest on 1 April 2019. Mr Davis follows Matteo Patrone who has become Managing Director for Eastern Europe and the Caucasus.

Stable rents and yields unscathed by increasing supply of office and industrial space – this is what Cushman & Wakefield Forton expects to see on the Bulgarian commercial property market in 2019, according to the company’s latest forecast.

2018 was an all-time record year for the real estate investment market in Poland with more than 100 transactions completed with a total volume of over €7.2 billion, reflecting an impressive nearly 45% growth year-on-year, according to Savills.