Dentons’ Real Estate team in Warsaw has advised Hines Global REIT on the sale of a portfolio of five logistics properties in Poland. The transaction value was approximately €140 million. The assets were acquired by Gemini Poland Holdcos, affiliates of Blackstone Group.

Panattoni Europe announces that Tritax EuroBox, which invests in Continental European logistics real estate assets, has exchanged contracts to acquire a prime, modern national logistics facility at Strykow, Lodz, in Central Poland, let to Castorama Polska Sp. z o.o., one of Europe’s leading DIY retailers and part of Kingfisher plc. The total consideration payable by the company is €55 million (excluding purchaser's costs), reflecting a gross initial yield of 5.8% on the asset acquisition.

Tatra Asset Management (TAM) has acquired a portfolio of nine regional retail parks in Slovakia. The seller, which was represented by CBRE, is KLM Real Estate (KLMre). The transaction also includes the pre-emptive right for other retail parks that the developer is currently preparing.

The EBRD and Revetas, a specialist real estate investment advisor focusing on Central and Eastern Europe (CEE), are joining forces for the acquisition and development of a portfolio of prime business properties in the region. The EBRD is investing €28.6 million in Project Keystone, a portfolio of premium real estate assets located across CEE representing a total gross leasable area of over 173,000 sqm. The total asset value, including gross development value, exceeds €450 million.

Growing investor appetite for industrial assets, a supply gap on the Warsaw office market and Poland moving up global ratings - these are some of the real estate market highlights of 2018. All the indications are that in the months ahead the market’s focus will be on alternative asset classes and the likelihood of an economic slowdown. Real estate advisory firm Savills presents its preliminary summary of Poland’s commercial property market performance in 2018 and an outlook for the next twelve months.

Wing has sold the Angyal (Angel) office building, set adjacent to Boráros Square in Central Budapest, to French economy hotel chain B&B Hotels. The building will be converted to a hotel based on the two companies’ strategic agreement, and become B&B Hotels’ first hotel in Hungary, with Wing taking on development tasks. The first B&B Hotels location in Hungary set to open on 7,700 sqm.

During 2018 the total commercial real estate investment transaction volume passed the €1.8 billion level in Hungary, marking the third consecutive year of stable and strong investor appetite and the highest annual transaction volume since 200, according to JLL Hungary's latest numbers. Hungarian funds were the most active purchasers with a market share above 50%.

Globalworth Poland has closed the acquisition of two office buildings in Warsaw, Skylight and Lumen, from Unibail-Rodamco-Westfield.

The total value of commercial real estate investment transactions in Poland may exceed €6.3 billion for 2018, the best ever result for the country's market, JLL reports.

Wing has acquired Siemens’ office complex on Gizella Road in Budapest. The complex offers a total GLA of 40,000 sqm in eight buildings, most of which is office space, in addition to areas with industrial and educations functions. The property also has the potential for further development.