ECE has launched its inaugural European residential real estate fund and successfully raised equity commitments from renowned institutional investors, including two large highly reputable German insurance groups. With the capital raised in the first closing, the fund plans the purchase of investments with a volume of more than €350 million. Further capital commitments from institutional investors will be raised in the coming months. The strategic partner for the residential build-to-rent investments of institutional investors in the newly launched fund is the specialized Group company ECE Living. It is supported in concept and product design as well as in capital raising by the investment banking boutique Victoria Partners.

Markus Arnold, CEO of Arnold Investments talked to Property Forum about the key drivers of real estate investment in Europe and he also shared where the company is opening up new locations next.

French investment firm FREY has acquired Park Handlowy Matarnia in Gdańsk from Ingka Centres for €105 million. This is FREY’s first acquisition in Poland.

Penta Real Estate has bought 4.5 hectares of the land in Bratislava Nové Město district. The developer became the owner of this property in the bankruptcy proceeding in August this year. The price of the transaction was not published, the web portal TRENDreality.sk reports.

Hungary's B+N Referencia Zrt. has acquired Bulgarian facility management company i-Facility EOOD. With this new subsidiary, the company is now present in 7 countries in Central Europe. 

Immofinanz has successfully closed the sale of the BBC Gamma office building in Prague to Passerinvest Group. The transaction was concluded at a premium to the book value as of 30 June 2022, the seller announced.

Trigea nemovitostní fond acquired Panattoni Tricity North, an urban logistics park developed and managed by Panattoni. The asset was selected by Trigea for its first logistics investment in Poland. The parties agreed not to disclose the value of the transaction.

Mark Richardson, Director, Head of Industrial and Investment Services at Colliers talked to Property Forum about the impact of the war in Ukraine on the CEE investment market, expected changes in the warehousing sector and the further development of PRS products in Poland and the Czech Republic.

What to invest in during times of uncertainty, war, rampant inflation and soaring interest rates? Avison Young presented its CEE commercial real estate investment market overview after the first half of 2022.

Hungarian investor-developer Wing has sold the Family Center retail park in the Western Hungarian city of Szombathely to local investor Unione Investment Group. Family Center Szombathely, with 28 shops and seasonally changing stalls, was acquired by Wing at the beginning of 2018 and has now been sold to the new owner with almost 100% occupancy.