ARTICLES LABELLED WITH TAG investment

GTC signed an SPA to sell its Matrix A and B office buildings in Zagreb to a strong local real estate group from Croatia. This transaction will mark a return on cost exceeding 22% and is about 7% above the book value. GTC’s ability to sell assets well above the book value demonstrates that the current discount to NAV on its share price is not justified.

Real estate investments amounting to around €1.2 billion are currently in various stages of negotiation, while over €600 million in investment volumes were completed in the first eight months of this year, according to real estate consultancy Cushman & Wakefield Echinox. 

We can see many significant changes, architectural achievements and positive trends in the Czech real estate market. Nevertheless, there is still much to do, says Zdenka Klapalová who is the President of the Association for Real Estate Market Development (ARTN) and has followed the Czech real estate market as an expert for more than 30 years.

Lavinia Ioniță Rasmussen, Partner at Romanian law firm NNDKP, spoke to Property Forum about the real estate segments that are driving the real estate investment market in 2022 and the progress in harmonising national legislation with effects on the real estate industry, especially in the area of building permits. The firm has a diversified portfolio of property clients and expects a continuation of this trend this year.

Most CEE economies have seen faster recoveries post-Covid than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half of 2022 due to their reliance on capital flows from other parts of the world, reveals a report by Colliers.

BIG is expanding its operations in Europe and entering the Polish market for the first time by purchasing two open commercial centres in Poland with a total value of €65 million.

Adgar Poland has acquired the Renaissance Tower office building in Warsaw's Wola district from Octava Property Trust. The price has not been disclosed.

Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to €30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands. 

Ryan Wray, Managing Director and Principal at Avison Young, Czech Republic, talked to Property Forum about the perils of today’s macroeconomic conditions investors may reckon with in their decision-making and looked at possible scenarios and working strategies for office occupiers in the Czech office market.

Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers.