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Investment & finance

Poland Refinancing secured for Galeria Młociny

schedule 04 April 2024
Opr./edited by JC

EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.

Investment & finance

Poland Loan for Dobrzykowice

schedule 04 April 2024
Opr./edited by ANZ

Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.

Investment & finance

POLAND Grójecka 5 sold and renamed

schedule 04 April 2024
Nathan North
deputy editor

Dubai-headquartered investment platform Solida Capital has acquired the G5 office building at ul. Grójecka 5 in central Warsaw from Cromwell European REIT for EUR 15.86 mln. The property is to undergo a refurbishment following the change of ownership and will be rebranded as G5 Prime Offices.

Investment & finance

Poland Panattoni gets millions

schedule 03 April 2024
Opr./edited by JC

Panattoni has gotten financing to develop a factory for global lighting expert Trilux, a company that specialises in environmentally-friendly B2B solutions. The loan of EUR 18,3 mln was granted by Alior Bank.

Investment & finance

POLAND 1AM buys half of Lipowy Office Park for students

schedule 03 April 2024
Opr./edited by NN

Hungarian real estate group Futureal Investment Partners has sold for an undisclosed sum two buildings of Lipowy Office Park in Warsaw to the 1AM CEE Student Housing Fund, which is managed by Vilnius-based 1 Asset Management.

Investment & finance

ROMANIA WDP swoops for Expo Market Doraly

schedule 03 April 2024
Opr./edited by NN

ARA Europe and the Romanian investor Gheorghe Iaciu have sold the Expo Market Doraly shopping centre in Afumați on Bucharest’s north-eastern outskirts to Belgian warehousing group WDP for an undisclosed sum.

Investment & finance

HUNGARY Faedra22 in German hands

schedule 03 April 2024
Opr./edited by NN

Hungarian developer Faedra Group has sold its 16,600 sqm Faedra22 warehouse development in southern Budapest to a German investor for an undisclosed sum.

Investment & finance

Europe MLP remains optimistic

schedule 02 April 2024
Opr./edited by JC

MLP Group has unveiled the key goals of its growth strategy for 2024–2028. The 2024 plans have been updated in response to shifts in the macro environment and the impact of the war in Ukraine.

Investment & finance

Europe Another quarter of negative performance

schedule 20 March 2024
Opr./edited by JC

Inrev’s Quarterly Fund Index confirms an ongoing correction in the European real estate market. The Q4 2023 performance was yet again negative, a total return of -1.70 pct, and a sharp decline from -0.56 pct reported in Q3 2023.

Investment & finance

World Real estate at a pivot point

schedule 18 March 2024
Opr./edited by JC

Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a "pivot point", with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute. 

Investment & finance

CEE NEPI Rockcastle boosts the pipeline

schedule 12 March 2024
Opr./edited by ANZ

NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.

Investment & finance

Poland Rock Park Przeworsk changes owner

schedule 11 March 2024
Opr./edited by ANZ

The Rock Park Przeworsk retail park, opened at the beginning of February, gained a new owner after a month of operation. The transaction took place between RockCapital. and ME Invest, a company owned by TERG S.A., owner of the Media Expert chain. 

Investment & finance

Poland MLP Group announces EUR 41 mln bond issue

schedule 07 March 2024
Opr./edited by ANZ

MLP Group has successfully placed EUR 41 mln worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank.

Investment & finance

Lithuania Technopolis Ozas sold in Vilnius

schedule 05 March 2024
Opr./edited by ANZ

Investment firm Lords LB Asset Management has completed the purchase of the Technopolis Ozas office campus in Vilnius with a total area of over 100,000 sqm. The seller was Technopolis Lietuva.

Investment & finance

Romania Żabka Group concludes formal process of merging

schedule 04 March 2024
Opr./edited by ANZ

Żabka Group has received approval from the Romanian National Authority for Consumer Protection to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result, Żabka Group met all regulatory requirements and finalised the transaction.

Investment & finance

Europe Europe must be ready for "twin transitions"

schedule 29 February 2024
Opr./edited by JC

Erste Group Bank recorded an operating result of 5.5 bln euros in 2023, an increase of 38 pct compared to the previous year. The company expects that economies in CEE region return to growth path in 2024.

Investment & finance

Poland Panattoni builds, Millennium finances

schedule 29 February 2024
Opr./edited by JC

Panattoni has received financing for the expansion of Panattoni Park Ruda Śląska II. The loan of EUR 9.4 mln was granted by Millennium Bank.

Investment & finance

Czech Republic Rebalancing of prices is expected

schedule 26 February 2024
Opr./edited by ANZ

According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.

Investment & finance

Poland Concept Tower changes hands

schedule 22 February 2024
Opr./edited by JC

CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.

Investment & finance

Poland Hoping for smooth waters

schedule 14 February 2024
Opr./edited by ANZ

With a total investment volume of just over EUR 2 bln, performance in 2023 on the commercial real estate investment market in Poland fell by two-thirds compared to volumes in the previous three years. However, Avison Young experts, according to Property investment market in Poland 2023, expect the situation to stabilise this year and investor activity to recover throughout 2024.

Edition 5 (288) May 2024

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