ARTICLES LABELLED WITH TAG South Africa

South African investor Tower has entered into an agreement to sell the Vukovarska retail property in Zagreb, Croatia at an 11% premium to its book value.

Chariot Group B.V. sold two stores leased by OBI, located in Gdańsk and Łódź, to Marr Holdings, headquartered in South Africa.

MAS Real Estate, through a subsidiary, has acquired the Atrium Mall Shopping Centre in Arad, Romania from Cosmovia Holdings Limited, a member of the Demján Group based in Hungary.

Real estate developer Portland Trust and investment fund Ares Management have sold the Oregon Park office complex in Bucharest to Lion’s Head Investments, a joint-venture between South African investment fund Old Mutual Property and AG Capital, for an undisclosed sum.

Accelerate Property Fund, a JSE-listed real estate investment trust, has announced it will acquire a portfolio of five single-tenanted, long-lease, light industrial properties in Poland for €41.9 million from Panattoni Europe.

Iulius Group and South African investor Atterbury Europe have set up an equal partnership to develop the Openville Timişoara mixed-use project. 

MAS Real Estate, a commercial property investor, developer and operator listed in both Johannesburg and Luxembourg, announced the acquisition of two shopping malls in Bulgaria, for €62 million. The malls have been acquired from Globe Trade Centre and the European Bank for Reconstruction and Development. The Galleria Burgas Mall and the Galleria Stara Zagora Mall and are located in the Bulgarian cities of Burgas and Stara Zagora, respectively.