Via a subsidiary, TAG Immobilien AG signed an investment agreement to acquire 100% of the shares in Vantage Development S.A. with a simultaneous carve-out of its commercial real estate business which will be repurchased by the selling shareholders. The total transaction consideration amounts to c. €131 million, of which c. €46 million relate to the commercial real estate business unit. As a result, the total net consideration for TAG amounts to c. €85 million for the residential business and platform of Vantage Development.

HGA Capital, a member of the CARISTO Management Group, has sold the Oktogon House office building in central Budapest to a company belonging to RIMO Holding AG. The transaction price has not been disclosed.

In the past five years, Colliers International has performed valuation for a total of over 500,000 commercial and residential properties worth €40 billion in Romania. The most complex and comprehensive appraising process in Colliers International’s portfolio was for BCR Palace on University Square in Bucharest.

Aroundtown has acquired an 11.8 percent stake in Globalworth. Aroundtown is a real estate company with a focus on properties with added value potential in central locations in top tier cities, primarily in Germany and the Netherlands.

Skanska is in talks with Israeli group Shikun & Binui and another unidentified potential buyer to sell its Campus 6.2 and Campus 6.3 office buildings that are still under construction in western Bucharest, economica.net reported. The value of this deal is estimated at around €100 million.

Accolade will invest almost €30 million in two warehouse buildings in Częstochowa with a combined area of ​​30,400 sqm. The two buildings at Panattoni Park Częstochowa are currently under construction with completion scheduled for February 2020.

M7 Real Estate and Conan Lauterpacht, formerly Head of Corporate Venturing at Altus Group, have established M7 Structura, a new European-focused venture capital firm dedicated to real estate technology. M7 Structura announced the launch of its first fund, which will invest in revenue generating PropTech companies at the institutional seed investment to Series A fundraising stage.

Hungarian investors Indotek Group plans to buy the 5-star Sofitel hotel in the centre of Budapest, according to hvg.hu. The transaction still requires the approval of the Hungarian Competition Authority.

Adventum International, a Malta-based boutique investment fund manager, has acquired the 66,000 sqm GLA Köki Terminal shopping centre in Budapest for its Adventum Quartum investment fund.

Bright Spaces, a proptech solution developed by a Romanian start-up, has received funding of €185,000 for development and implementation. The financing was coordinated by Sparking Capital as lead investor, with Growceanu Angel Investment and angel investor Ilinca Păun, former MD of Colliers International Romania.