ARTICLES LABELLED WITH TAG Union Investment

News NEPI Rockcastle acquires shopping centre in Poland for €373 million
30
Sep
2024

NEPI Rockcastle acquires shopping centre in Poland for €373 million

by Property Forum
NEPI Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wroclaw, Poland, from Union Investment in an off-market transaction. The sale price amounts to €373 million. Union Investment acquired Magnolia Park in 2017 for the portfolio of the open-ended real estate fund UniImmo: Europa. 
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News NEPI wants to buy shopping gallery in Wrocław
17
Sep
2024

NEPI wants to buy shopping gallery in Wrocław

by Property Forum
Nepi Rockcastle is in negotiations to acquire Magnolia Park, a shopping centre located in Wroclaw, Poland from Union Investment Real Estate. The property features 100,000 sqm GLA. The potential acquisition remains subject to the execution of formal written agreements, which is expected to occur in the coming weeks.
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News Record sale of Prague shopping centre is on the horizon
19
Apr
2023

Record sale of Prague shopping centre is on the horizon

by Property Forum
One of the biggest transactions of the year in the Czech real estate market is about to take place. Negotiations for the sale of the OC Letňany shopping centre are supposedly ongoing in Prague. After six years, the German owner of the shopping centre is considering selling the property, writes HN.cz, as confirmed by two sources from the Central European M&A market.
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News Union Investment sells Maraton office building in Poznań
21
Dec
2022

Union Investment sells Maraton office building in Poznań

by Property Forum
Union Investment has sold the Maraton office building in Poznań, to a subsidiary of UNIQA Real Estate, the real estate company of the Austrian insurance company UNIQA Insurance Group AG. The building has been held by open-ended real estate fund Unilmmo: Deutschland since 2017. The purchase price was not disclosed.
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News Union Investment acquires logistics property in Poland
24
Oct
2022

Union Investment acquires logistics property in Poland

by Property Forum
Union Investment has acquired a new logistics building in the Polish town of Września, around 50 km east of Poznań. The acquisition will be added to the holdings of institutional fund UII Garbe Logistik Fonds. The seller is Netherlands-based online retailer vidaXL. The parties have agreed not to disclose the purchase price.
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News Union Investment buys Budapest office building from Horizon Development
22
Dec
2021

Union Investment buys Budapest office building from Horizon Development

by Property Forum
The commercial part of Horizon Development’s mixed-use property in downtown Budapest, Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price.
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News Union Investment and GARBE acquire first logistics asset in Slovakia
01
Sep
2021

Union Investment and GARBE acquire first logistics asset in Slovakia

by Property Forum
Union Investment and GARBE Industrial Real Estate jointly acquired the first logistics property for their “UII Garbe Logistik Fonds” investment fund. The seller is the Karimpol Group, a privately held property developer active in Eastern and Central Europe for over 30 years. It was agreed not to disclose the financial details of the transaction.
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News European investors become more risk averse
25
Aug
2020

European investors become more risk averse

by Property Forum
The coronavirus crisis has led to a significant shift in the investment strategies of institutional real estate investors. “Lower risk, lower return” is the mantra of the moment. 58% of the 150 professional investors in Germany, France and the UK surveyed by Union Investment for its investment climate study are currently pursuing such a strategy. The figure was just 35% prior to the outbreak of the pandemic. The shift is especially pronounced in the UK, where security is the main investment motive for 79% of those surveyed. Before the pandemic, it was 50%. Nonetheless, there is no general reluctance to invest. Only five% of the European investors in the survey intend to avoid all investment in real estate in the current phase.
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News Union Investment goes greener in Poland
25
Jun
2020

Union Investment goes greener in Poland

by Property Forum
Westbridge Advisory International AG, the international entity of operating cost optimizer Westbridge Advisory, has converted a portfolio of six office buildings for Union Investment in Poland to green electricity. By bundling the entire supply with a single utility and the switch of the entire portfolio to green electricity, it was possible to reduce CO2-emissions by roughly 7,600 tons. The properties, located in Warsaw, Wroclaw and Poznan, have a total rental area of around 155,000 sqm and an aggregated annual electricity consumption of 25 gigawatt-hours.
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News C&W rebrands Warsaw office building for Union Investment
12
Mar
2020

C&W rebrands Warsaw office building for Union Investment

by Property Forum
Horizon (formerly Horizon Plaza), a Class A office complex in Warsaw’s Mokotów-Służewiec district, is going through an overall rebranding process conducted by global real estate services firm Cushman & Wakefield. Union Investment, the property owner, decided to rename the office building, redesign its visual identity and landscape, introduce a new signage system in common areas and launch a new showroom. In spring 2020, more greenery, new tenant amenities and landscape elements will be added in the areas around and near the building.
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Latest news


New leases

  • Kappahl has reopened its store in the Wola Park shopping centre in Warsaw after modernisation. The brand's fifth shop in the capital occupies an area of almost 1,000 sqm and is currently the chain's largest outlet in Poland.
  • Moët Hennessy Polska has leased almost 500 sq m of office space in Warsaw's Metropolitan building. Colliers experts supported the company in the process of selecting the new location, negotiating and finalising the transaction.
  • Lefties, part of Inditex Group, has opened a new digital store spanning 5,000 sqm in Iulius Town Timișoara. With this opening, Iulius’ project hosts all of Inditex's brands in a single project, which is a first for Romania.

New appointments

  • Savills Poland is strengthening its Industrial Services Hub team. Emil Chwieduk joined at the beginning of October, taking on the position of Associate.
  • Czech Logport Development has appointed Peter Pecník, HB Reavis's ex-group CFO and ex-country CEO (Poland), the new Chief Financial Officer.
  • Wrocław's Quorum complex, owned by the Cavatina group, has gained another tenant from the IT sector. The Hexe Capital Group will move to the Quorum D building, which is part of it, and will occupy about 720 sqm of space on the fourth floor there.

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