ARTICLES LABELLED WITH TAG investment

News Retail drives CEE real estate investment markets
14
Aug
2017

Retail drives CEE real estate investment markets

by Ákos Budai
Real estate investment flows into the Central & Eastern European region rose 17% year-on-year in the first half of 2017 to €5.4 billion, putting 2016’s cycle high of €12.2 billion well in 2017’s range, according to Colliers International’s latest report.
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News Hines sells Warsaw’s Proximo I for €117 million
09
Aug
2017

Hines sells Warsaw’s Proximo I for €117 million

by Ákos Budai
Hines has sold the Proximo I office building from the portfolio of the Hines Russia & Poland Fund to the CSNF fund, which is managed by Czech investor REICO IS ČS, for €116.6 million.
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News Globalworth completes Green Court acquisition in Bucharest
09
Aug
2017

Globalworth completes Green Court acquisition in Bucharest

by Ákos Budai
Globalworth Real Estate Investments announced the completion of the previously announced acquisition of Green Court Bucharest Building C. The transaction was effected through the acquisition of 100% of the shares of SPC Epsilon Property Development Company s.r.l., the company owning the asset, for a consideration paid to Skanska of approximately €38 million.
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News Investment volume to reach the €1 billion mark in Romania
09
Aug
2017

Investment volume to reach the €1 billion mark in Romania

by Ákos Budai
After spectacular 2016 economic results and a record-breaking FDI level of €4.1 billion, Romania’s prospects for 2017 look very promising. Bucharest, a specialized IT hub in the CEE region, has recently welcomed several new global brands such as Fitbit and the Coface Group. This influx has boosted the city’s office sector and is making Romania's capital city an attractive destination for investment funds. The yield spread between Western and even other CEE markets is still significant, with prime office yields in Bucharest at around 7.25%.
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News AFI Europe and Dedeman cancel sale of AFI Park offices
07
Aug
2017

AFI Europe and Dedeman cancel sale of AFI Park offices

by Ákos Budai
AFI Europe and Dedeman have agreed to cancel the sales transaction of the AFI Park 1-3 office buildings in Bucharest, Romania.
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News Europa Capital sells its Budapest office portfolio for €60 million
02
Aug
2017

Europa Capital sells its Budapest office portfolio for €60 million

by Ákos Budai
Europa Capital has concluded the sale of a portfolio comprising two city centre office buildings in Budapest with a total floor area of approximately 26,000 sqm. KGAL, a European asset and investment manager, acquired the Kálvin Square and CityZen assets on behalf of institutional investors. The combined price for the portfolio is approximately €60 million. The property management will be carried out by KGAL´s local partner ConvergenCE. 
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News West End Business Center in Budapest sold to OTP fund
02
Aug
2017

West End Business Center in Budapest sold to OTP fund

by Ákos Budai
An international investment consortium comprising Wing, Morgan Stanley Real Estate Investing and CC Real has sold the West End Business Center office building in Budapest to OTP Property Investment Fund.
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News Immochan Romania buys Coresi Business Park in Brasov
02
Aug
2017

Immochan Romania buys Coresi Business Park in Brasov

by Ákos Budai
Immochan Romania has acquired Coresi Business Park in Brasov from Jacobs Holding. The 40,000 sqm office project is located next to Immochan’s retail and residential developments. The transaction price has not been disclosed.
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News Arcona buys Szczecin office building
01
Aug
2017

Arcona buys Szczecin office building

by Ákos Budai
Arcona Capital has finalised the acquisition of the Maris office building in Szczecin, Poland from Bywater Properties for approximately €8.9 million. Following this acquisition, Polish assets now account for 40.5 percent of the portfolio of Arcona’s Arcona Property Fund. 
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News €1 billion spent on Polish real estate in Q2 2017
28
Jul
2017

€1 billion spent on Polish real estate in Q2 2017

by Ákos Budai
Investor appetite on the Polish real estate market in Q2 2017 has translated into high transaction volumes which stood at approximately €1 billion. The retail sector accounted for 80% market share of capital invested in Q2, mainly resulting from large portfolio acquisitions. If pending deals conclude, the year-end result should be close to €4.2-4.4 billion, which would be similar to the record of 2016.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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