In the first three quarters of 2018, the total investment volume on the Warsaw office market hit €1.14 billion, which represented a threefold increase on the same period in 2017. Cushman & Wakefield presented a summary of Q3 2018 on the Warsaw office market.

While investors in CEE are figuring out what is the best operating model for maximising hotel investments and returns, international investors are flooding the market to acquire assets. Marius Gomola MRICS, Managing Director of Horwath HTL Hungary and Founder of HOTCO talked to Property Forum about recent developments on CEE hotel markets.  

pbb Deutsche Pfandbriefbank has provided a credit facility of €43 million to Revetas Capital Fund III for the acquisition of the newly built office complex called The Landmark, in Bucharest, Romania. It is envisaged that an affiliate of Cerberus Capital Management will join Revetas in this transaction. pbb acted as arranger and sole lender under the facility.

Atrium European Real Estate Limited has completed the purchase of the Wars Sawa Junior retail centre in Warsaw, Poland for €301.5 million. Following the acquisition, 84% of the company’s portfolio is located in Poland and the Czech Republic and includes four prime centres in Warsaw and two in Prague.

The Polish retail market maintains its momentum despite the partial Sunday trading ban. This year’s supply is expected to hit approximately 490,000 sqm, the highest annual level in the last three years. Of that total, 52% will be delivered in cities a population of more than 400,000 while 42% will be handed over in cities with a population of less than 100,000, according to Cushman & Wakefield’s latest report.

Goldman Sachs has purchased the Science Park office building in Budapest from an undisclosed buyer. CBRE represented the seller and Cushman & Wakefield advised the buyer in the transaction, the two firms announced on LinkedIn.

Plaza Centers N.V. has signed a pre-agreement for the sale of a land plot in Miercurea Ciuc, Romania for €1.55 million.

At the beginning of October, the total value of real estate investment transactions completed in Poland year-to-date exceeded €5 billion which is comparable to 2017's total. JLL analysed this year’s investment transactions conducted in the commercial real estate sector in Poland.

Slovenian retailer Mercator has sold 10 shopping centres with a total GLA of 108,800 sqm in Slovenia to Austrian Supernova Group for €116.6 million. Mercator will rent parts of the centres, the company said in a filing to the Ljubljana Stock Exchange.

Belgian industrial and logistics developer WDP has acquired the CTPark Cluj I logistic park from CTP. The park, which was delivered last year, is leased by retailer Profi.