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News Average property deal in Romania at €21.5 million in 2023
22
Jan
2024

Average property deal in Romania at €21.5 million in 2023

by Property Forum
While the total investment volume in Romania’s commercial property sector fell by around 60% to around €500 million in 2023 year-on-year, the average transaction amounted to €21.5 million of the 23 investment deals tracked by Crosspoint Real Estate.
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News Trigea gets green light to buy shopping centre in Prague
11
Jan
2024

Trigea gets green light to buy shopping centre in Prague

by Property Forum
The Office for the Protection of Economic Competition (ÚOHS) has authorized the Czech real estate fund Trigea from the Partners group to buy the owner of the Prague shopping centre Arkády Pankrác, e15.cz reports.
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News Reconstruction of Prague's Masaryk station to cost €138 million
21
Dec
2023

Reconstruction of Prague's Masaryk station to cost €138 million

by Property Forum
The reconstruction of the Masaryk railway station in Prague will be done for the Railway Administration (SŽ) for approximately CZK 3.39 billion (€138.5 million) by Strabag Rail and Strabag, which were successful in the tender. ČTK was informed about this by SŽ spokeswoman Nela Eberl Friebová. During the reconstruction, a platform will be built above the track, a better connection with Florence will be created and trains will be able to run on nine tracks instead of the current seven. SŽ also plans to reconstruct the Smíchov and Main Railway Stations in Prague, writes ČTK.
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News Kaprain and Penta Real Estate to build new project in Prague 9
19
Dec
2023

Kaprain and Penta Real Estate to build new project in Prague 9

by Property Forum
Kaprain and Penta Real Estate have entered into a cooperation agreement to build on the former Howden ČKD factory site adjacent to the O2 arena. Penta has bought a 40% stake in the project, which will create a new centre of Prague's Vysočany and Libeň districts on a site of over 50,000 sqm, Kaprain announced.
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News Penta Real Estate sells coworking centre to Scott.Weber
04
Dec
2023

Penta Real Estate sells coworking centre to Scott.Weber

by Property Forum
Penta Real Estate is selling the fully occupied coworking centre "Base", which is part of the Churchill office complex in Prague 2, to Scott.Weber Workspace, a company continuing its expansion in the Prague flexible office market. Neither party would comment on the size of the deal, online daily newstream.cz reports.
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News CPI Property Group to sell ski resort in Switzerland
30
Nov
2023

CPI Property Group to sell ski resort in Switzerland

by Property Forum
CPI Property Group (CPIPG) announced the signing of an agreement concerning the disposal of the ski resort business in Crans Montana in Switzerland. It is a binding agreement for the sale of part of the shares to an American mountain resort company Vail Resorts. The gross transaction value is more than CHF 100 million (€105 million).
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News CPIPG sells Czech portfolio to S IMMO AG
24
Nov
2023

CPIPG sells Czech portfolio to S IMMO AG

by Property Forum
CPI Property Group announced the signing of a binding agreement for the sale of a portfolio totalling 11 properties located in the Czech Republic to S Immo. The transaction property value is €481 million. 
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News CPIPG sells resort hotel portfolio in Croatia
21
Nov
2023

CPIPG sells resort hotel portfolio in Croatia

by Property Forum
CPI Property Group has signed an agreement about selling two companies which own and operate resort hotels on the island of Hvar in Croatia. The agreement concerns the disposal of Sunčani Hvar Hotels, the company announced. The full purchase price has been deposited with an escrow agent, but the amount of the price was not specified.  
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News Portin Group to sell ten Czech retail parks for €162 million
27
Oct
2023

Portin Group to sell ten Czech retail parks for €162 million

by Property Forum
A CZK 4 billion (€162 million) real estate deal is set to take place in the Czech Republic in 2024, which will undoubtedly be one of the biggest in the next year. Development group Portin is set to sell a set of around ten retail parks whose main tenants include Billa, Penny Market, DM Drogerie and Datart, writes online daily e15.cz. 
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News Amundi sells office building in Prague 4
27
Oct
2023

Amundi sells office building in Prague 4

by Property Forum
The City Point office building in Prague 4 - Pankrác is changing hands. It is being transferred from the hands of the investment company Amundi Czech Republic to the ownership of the domestic operator of coworking spaces and serviced offices WorkLounge. Mint Investments Group was the investment advisor that handled the entire transaction for Amundi. Agents from real estate consultancy Cushman & Wakefield and law firm Havel & Partners also participated in the deal. The transaction was worth more than CZK 450 million (€18.25 million). 
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Latest news


New leases

  • In Designer Outlet Warsaw, after a break of several years, the Venezia brand store reappeared. The shop, which opened in a new concept, occupied a space of over 200 sqm.
  • Consulting and Training Consortium, owner of House of Skills and e-learning.pl brands has extended its lease at Bolero Office Point 1 in Warsaw. The new lease agreement for 900 sqm of office space has been signed through 2030.
  • Delivery firm Cargus has leased 3,000 sqm for a new warehouse in CTPark Sibiu. Across Romania, Cargus has 20,000 sqm of warehouse spaces leased in CTP projects.

New appointments

  • Shay Baruch has taken over the role of LivUp CEO, succeeding Roee Shamir, who has decided to pursue new career challenges after completing a duration of 7 years in this position.
  • The Management Board of Polski Holding Nieruchomości S.A. has appointed Maciej Klukowski as a member of the Management Board for Real Estate Asset Management.
  • Maciej Kamiński joins the Axi Immo Services team as Head Of Business Development. His main task will be formulating and implementing business development strategies and negotiating and concluding contracts in the company's business area.

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