2017 has not ended yet, but it is safe to say that it has been a record year for the CEE property market. The period of strong growth is not over yet, market sentiment is positive and all signs point to 2018 bringing new opportunities for expansion in the property business. In times like these it is especially important to find the time to share knowledge and make new connections, which is why Property Forum will continue to provide a meeting point for the CEE property industry. In 2018 Property Forum events will be held in Bratislava, Bucharest, Prague, Vienna and – for the first time – in Warsaw.

GTC’s Polish flagship retail project was officially granted an investment loan facility in the maximum amount of up to €200 million. Under the original agreement, Bank Pekao S.A. granted a construction loan facility of up to €116 million.

Dyskret Polska, represented by Cushman & Wakefield, has finalised the disposal of the Vinci Office Center in Kraków. The buyer and the transaction price have not been disclosed. 

Neptune – a joint venture between Neinver and TH Real Estate, acting on behalf of TIAA, has completed the purchase of Factory Warsaw Ursus Outlet Mall in the capital of Poland for €79.7m representing a net initial yield of 6.33%.

The Rezidor Hotel Group announced the recent signings of six new hotels – expanding its momentum growth in capitals and primary strategic locations in Poland, Cameroon, Georgia, Saudi Arabia and Lebanon

Griffin Real Estate subsidiary Chariot Top Group BV signed a preliminary agreement to acquire the “M1 Portfolio” for circa €1 billion. Sellers are funds managed by Ares Management L.P., AXA Investment Managers – Real Assets and Apollo Rida.

EPP announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years. The acquisition from a consortium (owned 25% by Redefine Properties), totals €692 million and forms part of a larger 28 property portfolio that has been acquired by the consortium. Upon completion of the transaction in mid-2020, EPP’s portfolio will comprise at least 27 modern shopping centres comprising almost 1 million square metres GLA

Savills will manage two buildings in Poznań and three buildings in Warsaw. The two office buildings in Poznan are RB House and Dwór Hamburski. Tenants include IPF Group and T-Mobile Polska. Two other office buildings are Jasna 24 and Wola Plaza in Warsaw. Tenants include i.a. Hochtief Poland. The third Warsaw building is a modern warehouse Airport House with office and social facilities. The total portfolio under management amounts to 25,000 sqm.

The MLP Group has allocated land for the construction of a new distribution center for MAKRO Polska to be built in the MLP Czeladź logistics park. It is anticipated that the construction will be complete and the finished warehouses will be handed over to the tenant in June 2018.

Bricks Acquisitions, part of the Goldman Sachs group, is to buy all shares of residential developer Robyg through a public tender on the Warsaw Stock Exchange. Bricks Acquisitions is to pay PLN 3.55 per share, which represents a total transaction price of around €244 million (PLN 1,027 million). Entries in the tender are to be accepted from 2 January, 2018 to 2 February, 2018.