ARTICLES LABELLED WITH TAG radovan-vitek
05
Feb
2024
Feb
2024
Immofinanz explores partial sale of Bucharest office complex
Immofinanz Romania, part of CPI Property Group (CPIPG), is reportedly negotiating a partial sale of its Iride Business Park office complex located in northern Bucharest.
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11
Feb
2022
Feb
2022
Change of guard in CEE: The birth of a €20 billion empire
Czech businessman Radovan Vítek has amassed a fortune estimated at around €4.1 billion while increasing his influence in the European property sector. Vítek holds firm control of CPI Property Group, the company he founded with assets topping €11 billion and has gradually built majority stakes in Globalworth and Immofinanz, both competing groups in Central and Eastern Europe. By purchasing controlling participations in these companies, Vítek could build his property investment empire across CEE to the tune of around €20 billion and 7 million sqm of developed space, covering every country and asset class in the region. This story is a prime example of the rise and strength of local capital in CEE, in addition to the gradual decline of influence held by Austrian companies over the region.
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Latest news
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- This overlooked region could shape Europe's next growth story
- REDPORT and Mobexpert bundle furniture into new home deals
- Czech defence ministry buys residential complex for troops
- ATAL takes over Trójmiasto's Budner Group in €24 million deal
- Cavatina's Cavare to become PRS operator in Katowice
- CTP lands Saint-Gobain at Czech auto-glass logistics hub
- Alto Real Estate takes over operation of Bratislava project
- House price surge stalls in Hungary after strong start to year
- Warsaw's Elektrownia Powiśle secures €172 million refinancing
New leases
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
- Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
- Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
