ARTICLES LABELLED WITH TAG investment

The leading logistics developer has made a €21 billion offer for a huge chunk of „last mile” properties, Bloomberg reports. None of the parties made comments on the news but Blackstone said earlier that a capital increase worth €21 billion was on the agenda.

Preliminary figures compiled by Savills suggest that the total real estate investment volume in Europe for the first quarter of the year will reach approximately €70 billion, a 19.5% increase year-on-year. Despite geopolitical events, the real estate advisor expects solid European investment activity for the remainder of the year, notably fuelled by large portfolio and entity deals.

The pandemic has not changed the strategy of RSJ Investments. The company’s core focus in the real estate segment remains predominantly on investments in residential and logistics/industrial development projects. Nevertheless, the pandemic indeed makes certain asset classes, such as retail, riskier, admits Marcel Kolesár MRICS, Transaction Manager at the real estate division of RSJ Investments, in an interview to Property Forum.

MLP Group's financial standing remains very strong, as confirmed by the posted results for 2021. Last year, MLP Group’s net asset value (NAV) went up 51%, to PLN 1.82 billion (€396.7 million). The value of its investment property rose 46%, to around PLN 3.4 billion (€752 million). Consolidated rental income (i.e. revenue from the Group's core business) was PLN 196 million (€42.8 million), representing a nearly 15% increase year on year. At PLN 632.3 million (€138.1 million), operating profit surged 112% year on year, with a nearly threefold increase in net profit, to PLN 480.5 million (€105.0 million).

This is the seventh investment of the group in Poland. The 212 meters high landmark building is one of the best-known towers across the country.

Hines and Kajima have announced the conclusion of an agreement to pursue development projects in Poland in the private rental housing sector (PRS).

Property investments in Romania totaled €919.4 million during 2021, with Austrian investment dominating the rank among foreign players closing deals on the local market. Last year, Austrian investors bought office and retail spaces with a combined value of €323 million. Czech and Hungarian property players had shares of €173 million and €150 million, respectively, according to a report by real estate consultancy Fortim, a member of BNP Paribas Real Estate Alliance. 

Czech real estate fund Investika has announced its second acquisition this year. After a set of three residential properties in the Czech Republic and Spain, it has now acquired a manufacturing and logistics complex near Wroclaw, Poland. The value of the transaction amounts to approximately CZK 1 billion, the company announced.

Kamil Kowa, Member of the Board at Savills Poland talked to Property Forum about the rapid development of the Polish private rental sector, its attractiveness for investors and the current state of PBSA industry.

There is increased demand for all categories of property assets in Romania, with office and industrial set to continue their growth streak this year. Property Forum talked to Victor Constantinescu, Managing Partner of Kinstellar’s Bucharest office and Co-Head of the firm-wide Real Estate practice, about the impact of the pandemic on Romania’s real estate market and how the country’s property investment potential can be harnessed in the next years.