ARTICLES LABELLED WITH TAG investment

The REICO ČS LONG LEASE fund managed by REICO investiční společnost České spořitelny, a.s., is buying BWI’s research and development centre in Kraków, Poland. The value of the fund’s new acquisition is approximately CZK 700 million (€27.3 million). 

WOOD & Company Real Estate Fund will acquire the Astrum Business Park office building in Warsaw from Prochem S.A. and the LFI investment fund, marking the Fund’s first real estate acquisition in Poland. The building has a total leasable area of over 23,000 sqm and is fully leased. The transaction is subject to the tax ruling procedure, the company announces on its website.

The construction, operation, financing, development and acquisition of commercial property in 2022 and beyond will continue to be impacted by the price of fuel, energy and construction materials. This will be combined with challenges in the supply chain, the nearshoring of operations and rapidly rising inflation, culminating in a direct effect on sale prices and the rent paid by occupiers, reveals a report by Colliers.

The YIT Group, which is the largest construction and development company in Finland and has so far operated in 10 countries including the Czech Republic, has completed a strategic review of its business in Russia. Based on this analysis, it signed an agreement with Etalon Group PLC to sell its business in Russia.

KS Holding, a Kesko Group company, has completed the sale of Kesko-Senukai stores in Vilnius and Daugavpils to the Finnish Special Mutual Fund Titanium Baltic Real Estate. Together with the sale of Riga’s Ozols Centrs, acquired by Titanium in November, KS Holding has brought retail assets valued at €60 million to the market. Returns to shareholders in the recent transactions for the money invested exceed 20% per annum.

Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired the Ożarów Logistics Centre in Poland from CBRE Investment Management for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus. The price has not been disclosed. Burlington Real Estate acted for Arrow.

In 2021, despite the disruption of the pandemic, full-year investment volumes in CEE, totalling €11.07 billion, were up by 6% year-on-year but ca. 20% lower than the same period of 2019. Colliers originally estimated that year-end volumes for 2022 could reach in excess of €12.0 billion, however, the war in Ukraine and ongoing pressures on global economics could impact this outlook, says Colliers in its CEE Investment Scene | 2021 - 2022 report.

Echo Investment has had another successful year. The obtained net profit of PLN 189 million mainly results from handing over to customers 1,622 apartments built by Echo Investment, as well as 1,128 apartments of Archicom, an increase in the value of office buildings and stronger performance of the Libero shopping centre.

The investment group RSBC Real Estate is the new owner of building E in the Brumlovka administrative complex in Prague 4. The acquisition of the headquarters of the energy company ČEZ was completed in March 2022, the information about the finalisation of the transaction was published on the website of RSBC Real Estate today.

Romania's commercial property market has remained liquid throughout the pandemic period, with total investment volumes reaching €1.83 billion over the 2020-2021 period, up 8.7% versus 2018-2019, according to a report by real estate consultancy Cushman & Wakefield Echinox.