ARTICLES LABELLED WITH TAG Revetas

The Romanian Competition Council said it was assessing the transaction through which Revetas Capital Fund III intends to take over domestic residential developer Maurer Group.

Revetas Capital, the pan-European real estate investment advisor, has announced the appointment of Michele Small as independent Board Member of Keystone CEE Scp, being nominated by the EBRD. 

Revetas, the pan-European real estate investment advisor, has named Daniel Moldenhauer as Senior Partner. He will work closely with Senior Management and the Investor Relations team. 

Revetas Capital has launched a sustainable logistics platform targeting key transport routes and hubs throughout Europe. The first acquisition is a multi-phased, sustainably developed logistics park which will offer 55,000 sqm GLA within an established location east of Kraków, Poland. The investment entails the development of a prime industrial/logistics park that aims to achieve BREEAM “Excellent” rating within one of the most sought-after logistics sub-markets along the “A4 corridor”. This transaction marks Revetas’ entrance onto the logistics market in Poland, a country where the firm has been active for more than ten years in the mixed-use, office, retail and residential sectors.

Revetas Capital has sold Vitantis Shopping Center in Bucharest, with a leasable area of around 50,000 sqm, to Praktiker Real Estate, owned by businessman Omer Susli, for an undisclosed sum, according to economedia.ro. 

Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 

Revetas announced the successful disposal of the remaining assets of its Revetas Capital Fund II’s Project Papa office portfolio in Prague, bringing the total transaction value to over €100 million. One of the four assets initially comprised in the portfolio, BBC Vila, has previously been sold to Passerinvest Group. The three remaining buildings with a total GLA of c. 33,000 sqm are located in close proximity of each other in the Karlin neighbourhood of Prague’s 8th district and were acquired by local real estate group Českomoravská Nemovitostní (ČMN). The terms of the transaction were not disclosed.

Vitantis Shopping Center, the retail park owned by Revetas Capital, has closed new leasing deals for 3,900 sqm with three companies that will occupy spaces for the next 5-10 years. 

Radu Boitan, Investment Director at Revetas Capital Advisors talked to Property Forum about the importance of Environmental, Social, and Governance (ESG) initiatives, proactive asset management and investment strategies.

Radisson Hotel Group announced the relaunch and repositioning of Radisson Blu Hotel Bucharest, following a major capital investment to transform the hotel’s lobby and garden area, as well as increase the hotel’s room inventory by more than 600 rooms.