ARTICLES LABELLED WITH TAG investment

After 15 years in the Polish market, HB Reavis is changing its business profile. From the beginning of this year, it will be limiting its property development business by changing to HB Reavis Investments and remaining the property manager of Varso Place and Forest. CEO Sebastian Proć will be replaced in the management of the company by commercial director Cezary Błaszczyk.

After CPI Property Group disposed of part of its stake in the Austrian real estate company Immofinanz at the end of December last year, it is now about to sign another deal, e15 reports.

Redan has signed an agreement to sell the Top Secret brand's chain of stationary and e-commerce shops. The buyer is the company Greenpoint, which is also to take over the brand's trademark.

Indotek is transferring the management of the Gordius Private Equity Fund to fellow Hungarian investor Diófa Fund Management, which will also take over the Belgrade office portfolio held by Indotek, Portfolio.hu reports. Indotek Group said it will use the funds released by the portfolio restructuring to finance domestic and international acquisitions. The company also announced that it had acquired a significant part of the Vörösmarty shopping complex in Budapest at the end of the year.

Greenberg Traurig advised Madison International Realty, the majority shareholder of Capital Park S.A., on the sale of certain assets of the group as part of a management buy-out co-financed by Europi Property Group, Capital Park’s minority shareholder.

LCP Properties has finalised from P.A. NOVA the purchase of the retail park's second stage in Ząbkowice Śląskie. Thus, over 1,700 sqm of GLA was added to the previous 9,755 sqm of GLA, which was created in the first stage of the investment, purchased by LCP from the same developer in February 2023. 

Żabka Group concluded the acquisition of a majority stake, forming in a partnership with one of the leading FMCG distribution players in Romania – DRIM Daniel Distributie. The transaction is subject to the customary regulatory approvals. 

After an acquisition of complementary retail assets this year, Immofinanz is again expanding its retail portfolio in the Czech Republic with the acquisition of two properties from CPI Property Group. As the CPIPG holds roughly 77% of Immofinanz shares, this acquisition legally represents a transaction with related parties.

Panattoni has finalised the sale of two industrial developments near the administrative capital of the Lower Silesian region. Together, Panattoni Park Wrocław East, and Panattoni Park Wrocław S8 South comprise a total area of almost 43,000 sqm. The price and the buyer have not been disclosed. 

The shares of Murapol made their debut on the main market of the Warsaw Stock Exchange. Thus, this residential developer became the 413th company listed on the Main Market and the 10th debut on this market in 2023.