Hungarian developer Infogroup has acquired the 33 ha Heliport Industrial Park in Kecskemét. The property offers nearly 40,000 square meters of industrial and logistics space, making this the largest acquisition in the company’s history. The transaction was made with the co-investment of the Kecskemét Development Fund.

KGAL, an independent investment and asset manager, has bought a second office building in Warsaw. The acquisition of the Prosta Office Centre (POC) from Cromwell Property Group follows the 2018 purchase of the Spark office complex. Both assets were acquired for a Europe-wide special real estate AIF.

The volume of real estate investments in Romania exceeded €1 billion in 2019, totalling about €1.06 billion, 7% higher than the figure registered in 2018, according to CBRE Romania’s data. The volume reached in 2019 also marks a record of the last five years in terms of investment transactions on the Romanian real estate market.

Madison International Realty has acquired a 46.5 per cent equity stake in European Logistics Investment platform (ELI), a circa €500 million Polish real estate portfolio, from majority owner Redefine Properties Limited, a South-African based Real Estate Investment Trust (REIT). The transaction is Madison’s first major logistics acquisition in Europe as it looks to increase its exposure to the asset class.

The acquisition of the second phase of Advance Tower located on the Váci road office corridor has been closed. With the current purchase, the entire office complex with a total GLA of over 20,000 sqm developed by Futureal Group has joined Erste Real Estate Fund’s portfolio. This is the first transaction in the Hungarian market which includes a WELL pre-qualified office building.

M7 Real Estate has sold three assets in Poland, on behalf of an M7 vehicle, PVBRI. Two office buildings in Poznan has been sold to local investors, while a shopping centre located in Zgorzelec has been acquired by DL Invest Group.

Alpha Bank Romania has sold a 60,000 sqm plot of land in Timișoara to German retail chain Lidl and two other investors. The Romanian bank previously planned to develop a shopping centre there, Ziarul Financiar reported.

Union Investment has agreed to acquire two planned hotel properties in Kraków and Katowice with a total of 527 rooms. The developer, vendor and future operator of the two midscale hotels, which are scheduled for completion in autumn 2021, is UBM. The purchase price of the ibis Styles-branded hotel in Kraków and Mercure-branded hotel in Katowice is approximately €86 million in total. Both leases run for 25 years.

Invesco Real Estate has sold two build-to-suit distribution centres in Poland totalling 105,000 sqm to Chinese investment company CGL Investment Holdings Corporation. The sale was made on behalf of Invesco’s strategic opportunities investment programme and the corporate transaction has set new records for the market with assets valued based on a record yield for the Polish logistics market of 4.25%. The purchase price was not disclosed.

Cavatina Holding has signed a sale agreement for the Equal Business Park office complex in Kraków. The complex comprises four buildings offering a total of over 60,000 sqm of Class A office space. The buyer is a joint venture managed by Apollo-Rida Poland.