pbb Deutsche Pfandbriefbank has provided a €118 million credit facility to REICO ČS NEMOVITOSTNÍ, the biggest open-ended real estate fund on the Czech market, managed by REICO, an investment company of Česká spořitelna. The facility will be used to fund the acquisition of two newly built logistic properties in Upper Silesia as well as for the refinancing of an office building in Warsaw.

Net profit of PLN 51 million, an increase in the value of office projects under construction and handing over to customers 399 apartments – this is a brief summary of Q1 2022 results of Echo Investment Group. The developer also published its second sustainability report where it summarised last year's achievements and results in the areas of environmental, social and corporate governance.

Agnieszka Krzekotowska and Dorota Pacławska have been promoted to the position of Senior Partners at Colliers. The promotions increase the Senior Partner group in the company to 10 people, which in addition to Agnieszka and Dorota includes: Monika Rajska-Wolińska, Paweł Skałba, Maciej Chmielewski, Sylwia Pędzińska, Piotr Mirowski, Jonathan Cohen, Marta Machus-Burek and Dorota Wysokińska-Kuzdra.

The retail park in Pleszewo is a project located at 24 Armii Poznańska Street on the main route from Koszalin to Poznań. The facility was built on an area of over 10,000 sqm and offers 3,548 sq m of GLA. Its tenants are the international network brands known in Poland as well as local companies.

As Head of Workplace Strategy in Poland, Mariola will continue to develop her local team and implement new technologies in such areas as workplace strategy, change management, WELL certification and ESG in response to the growing expectations of clients and the changing business environment. Mariola is a member of Cushman & Wakefield’s sustainability team with key responsibility for WELL certification.

The volume of investment deals in the Polish market of industrial and logistics properties in the first quarter of 2022 was €191 million. And although the current economic situation and the high level of uncertainty related to the war in Ukraine pose new challenges for the logistics sector, in the long term, there will be no significant changes in terms of the volume of demand and supply. However, the growth rate of this part of the market may be lower than in previous years, according to the 7R and Colliers report “Logistics and Industrial Sector: Development Paths from the 2022 Perspective”.

In the first quarter of 2022, MLP Group almost doubled its net profit, which came in at PLN 29.7 million, having increased 84% year on year.

Adventum Group has entrusted JLL advisors with the commercialisation of the retail and service section of the Sky Tower multifunctional complex in Wrocław.

LivUp's new investment has reached full occupancy after only one month after launching. Currently tenants of "Puławska 186" are mainly corporate clients, who have settled in high standard apartments. 

Greenstone Asset Management, acting on behalf of EuroEast B.V., has announced the sale of the Tensor Office Park in Gdynia to a JV managed by the Czech fund INVESTIKA realitní fond and Bud Holdings. The value of the transaction remains undisclosed.