One of the largest Czech banks, Komerční banka, is selling one of its buildings at 42 Wenceslas Square. However, neither the price of the transaction nor the new owner has been disclosed yet. The transaction was first reported by the online daily newstream.cz.
Panattoni has completed the €160 million sale of a portfolio of five fully-let logistics parks in Poland covering a total of 230,000 sqm GLA, to a North American real estate investment manager buyer.
Sale and leaseback transactions (S&LB) in Europe reached a total of €8.4 billion in 2020, 8.5% higher than the five year average, with the trend set to continue into 2021, according to Savills. Also in Poland, Savills sees an increasing number of companies willing to take the sale and lease back route mainly in industrial and retail sectors.
2020 was a good year for the Romanian transaction market, with a volume that approached the threshold of €1 billion. Most of the transactions concluded were for office buildings, with a volume of €784 million. Although estimates for 2021 are more modest, we can expect the sale of several important assets to go through this year. Property Forum lists the office buildings in Bucharest that could change owners in the next 12 months.
CPI Property Group announced the disposal of five small retail properties located in regional cities of northern Czech Republic, totalling approximately 25,700 sqm.
Owners Meyer Bergman and Healthcare of Ontario Pension Plan have put Ostrava’s Forum Nová Karolina shopping centre on sale, Hospodářské noviny reports.
As part of the evaluation of strategic options in connection with the investment in CA Immo, Immofinanz is inviting national and international investors to indicate their interest in participating in a structured bidding process for a package acquisition of the CA Immo investment (25,690,163 bearer shares of CA Immo and 4 registered shares).
Greece's Alpha Astika Akinita has sold its Serbian subsidiary Alpha Real Estate to Mat Real Estate for €8.4 million euro. The transaction was carried out on November 28, Alpha Bank’s subsidiary announced on the Athens Stock Exchange.
Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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