Hungarian investor and developer Wing has signed a preliminary agreement to acquire majority interest (c.a. 56% of shares) in Echo Investment, a Polish developer listed on the Warsaw Stock Exchange. Echo Investment has almost 90 projects in the pipeline, with the total estimated usable area of c.a. 1.3 million sqm.

The volume of real estate investments in Romania exceeded €585 million in the first nine months, shows the latest research report of CBRE. The office market attracted more than half of the investments, Bucharest and Cluj-Napoca being the most dynamic cities, with almost 90 percent of the investment volume.

CPIPG expects to acquire more than €800 million of high-quality offices in Warsaw, Poland during Q4 2019 and early Q1 2020. The company’s team in Warsaw has identified eight properties totalling more than 235,000 sqm and has signed letters of intent (with exclusivity) on assets valued at more than €700 million.

Mountpark Logistics, a developer of industrial and logistics property, has acquired a 30 hectare site at Bernolakova, Bratislava, which has the potential to deliver up to 120,000 sqm of new logistics accommodation.

Consumers and agricultural producers in Montenegro will benefit from the further expansion of Voli, the country’s leading supermarket chain and one of the biggest purchaser of local produce, thanks to a €10 million loan provided by the EBRD. The funds will finance the opening of four new Voli stores, including a supermarket and a convenience store, and the refurbishment and expansion of five existing stores.

Prosperity on the real estate investment market in Poland is still noticed. Good economic situation and attractive yields in comparison to the Western Europe has attracted foreign investors even from distant countries and continents. Will the momentum be kept? What are the forecasts for the end of 2019?

According to the latest CEE investment report by Skanska, Colliers International and Dentons, the region is expected to keep up the momentum. A favorable economic situation and a very good performance of the CEE cities drive demand for new investments, including in the office market. The office stock has been growing over recent years and now totals 21.8 million sqm throughout the entire CEE. Forecasted completions by 2021 will increase it by another 20% - to 26.5 million sqm. Last year’s investment in real estate markets in CEE reached approx. €13.2 billion, with over €5 billion in the office market.

Golub GetHouse has finalised the purchase of a plot of land located at ul. Grzybowska 59 in Warsaw. In accordance with the provisions of the building permit with respect to this real property, a residential tower of over 160 m with apartments for rent will be erected on the plot of 2,740 sqm.

Investors have adopted an increasingly diverse set of strategies to commercial property investment, ensuring global investment volumes have remained above the previous peak of end-2007 for the sixth year in a row reaching over US$1.7 trillion on an annual rolling basis, a situation likely to continue into 2020.  That’s according to Colliers International, which has released its latest Capital Flows Research at Expo Real.  

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totalling €230 million to refinance Warsaw Spire Tower. The asset is owned by Immofinanz. The financing transaction closed in September 2019. Helaba, Berlin Hyp and pbb are acting as joint lead arrangers providing equal portions of the funding, with Helaba acting as facility and security agent of the transaction.