The retail park in Przeworsk (Rock Park), which had its grand opening at the beginning of February this year, is undergoing a change in ownership after just a month of operation. The seller is RockCapital, and the buyer is ME Invest, a company owned by TERG S.A., the owner of the Media Expert chain. The Avison Young investment team represented the seller in the transaction process. The price has not been disclosed.

Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been sold to an Austrian real estate investor. This sale follows several others executed by CPI Property Group, Immofinanz' majority owner, in a bid to raise cash for repaying debts.

There is still a mismatch between buyers and sellers on property deals in CEE, but the market will attract more investment due to high yields and growth potential in industrial, residential and office, concluded speakers of the 2024 Property Investment Outlook online event organised by Property Forum.

Revetas Capital has concluded the disposal of Bonarka Meadows in Kraków, a permitted residential development project, to Henniger Investment S.A., a Polish company that has been operating in the investment industry for over 30 years. The price has not been disclosed. 

MLP Group has successfully placed €41 million worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Focus Estate Fund announced its successful restructuring in Luxembourg, Europe's largest fund and asset management destination. From now on Focus Estate Fund shall operate as a Luxembourg-based Alternative Investment Fund.

Zoltán Ligetvári has joined ConvergenCE as Investment Director, bringing nearly twenty years of expertise in commercial investment to the development team.

John Palmer, Partner Associate, Real Estate Advisory at Deloitte Poland, talked to Property Forum about the rapidly changing landscape of the land development market in Poland and its current attractiveness to foreign investors.

CPI Property Group has completed the sale of a few assets across Europe to third parties.

According to experts from BNP Paribas Real Estate Poland, Poland’s economic outlook remains stable but the global geopolitical situation and high interest rates across Europe continue to hamper a quick rebound in commercial property trading and large-scale transactions. Last year’s results confirmed a fall in liquidity for the CRE sector in Poland.