PL

CA Immo disposes of massive H&M logistics centre

Investment & finance
EUROPE Vienna-based developer CA Immo has sold the 114,500 sqm key regional H&M distribution hub in Hamburg to funds controlled and managed by ADF Asset Management for over EUR 100 mln.

Opened in 2008, the property is the largest logistics centre of the Swedish fashion retailer in the world. H&M typically runs logistic centres in the local markets it operates on, as the chain’s stores do not have back up stocks, but are replenished as required from the distribution centres. The centre was constructed by Bremer in 2007.

CA Immo acquired the project from the Carlyle Group in 2007 and leased it out to H&M for 15 years with extension option. The closing of the transaction is subject to customary closing conditions and expected to be concluded by the end of the year, says CA Immo. Oceans & Company and Clifford Chance advised the seller on the disposal. The buyer was advised by Freshfields Bruckhaus Deringer.

Latest news

Warehouse & industrial

Poland Work commences at City Point Targówek

schedule 17 July 2024
Opr./edited by ANZ

The joint venture between Partners Group and Peakside Capital Advisors has launched the construction of the C2 facility at City Point Targówek. The light industrial building will offer 25,000 sqm of space with units starting from 1,000 sqm. Depenbrock Poland is the general contractor for the project.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Germany Garbe leases in Werne

schedule 17 July 2024
Opr./edited by ANZ

Garbe has signed a long-term lease agreement with Lecangs, a company specialising in warehouse logistics, in Werne, North Rhine-Westphalia. New tenant will use around 21,000 sqm of warehouse space and around 1,000 sqm of office and social space in the logistics property for its German subsidiary Flexispot.

Retail & leisure

Poland Polish retail market continues its strong momentum

schedule 16 July 2024
Opr./edited by ANZ

Cushman & Wakefield has summarised the situation on the Polish retail market in Q2 2024. There were eight new retail completions with the development pipeline comprising app. 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

Investment & finance

Croatia S Immo gradually withdraws from Croatian office market

schedule 16 July 2024
Opr./edited by ANZ

S Immo has completed the sale of the HOTO Business Tower in Zagreb. The office building is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm.

Warehouse & industrial

Poland Fully commercialised in Goleniów

schedule 15 July 2024
Opr./edited by JC

Panattoni has signed a lease contract for over 16,000 sqm in Panattoni Park Goleniów I with logistics operator Fiege. With this deal the entire 60,000 sqm park has been fully commercialised.

Residential

Poland Not only for students

schedule 15 July 2024
Opr./edited by JC

The Collegia Group is launching another investment in the Tricity. A complex that will combine the functions of a student house, hotel and service space will be built at Grunwaldzka Avenue in Gdańsk.

Warehouse & industrial

Romania Continental Tires got 20,000 sqm

schedule 15 July 2024
Opr./edited by JC

VGP has completed the eighth building of VGP Park Timisoara with the handover of the warehouse to Continental Tires Timisoara. The company will use about 20,000 sqm for its tyre storage operations.

Investment & finance

Romania Revetas has sold The Landmark

schedule 15 July 2024
Opr./edited by JC

Revetas Capital announces the disposal of the office park The Landmark in Bucharest to Vectr Holdings, through its subsidiary Vectr Realty. Developed in 2017, the complex offers 23,700 sqm of office space.

Office & mixed-use development

Romania TMF relocates to America House

schedule 15 July 2024
Opr./edited by JC

TMF Group has signed a lease agreement for 1,700 sqm of office space at America House, the office building in Bucharest's CBD.

Investment & finance

Poland Vis à Vis changes hands

schedule 15 July 2024
Opr./edited by JC

Precordia Capital and Septyma have become holders of 66 pct of shares in the convenience retail park Street Mall Vis à Vis Wilanów. They acquired the shares from Capital Park.

ESG

Poland Craft is truly Outstanding

schedule 12 July 2024
Opr./edited by JC

The Craft office building, developed by Ghelamco in Katowice, has obtained BREEAM certification with the rating of Outstanding.

Warehouse & industrial

Poland TPL Logistic grows in Błonie

schedule 11 July 2024
Opr./edited by JC

TPL Logistic has expanded its presence at P3 Błonie park by leasing nearly 3,700 sqm warehouse and office space. This addition increases their total occupied space in the park to 5,000 sqm across two warehouses.

Investment & finance

Poland LifeSpot wants to expand

schedule 11 July 2024
Opr./edited by JC

LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.

Retail & leisure

Romania Food market to open at One Gallery

schedule 10 July 2024
Opr./edited by JC

One United Properties announced the lease of a retail space with a GLA of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The contract has been signed with Tomcat Hospitality.

Warehouse & industrial

Poland Sport-Shop takes up 13,000

schedule 10 July 2024
Opr./edited by JC

Panattoni has launched construction work on a new centre – Panattoni Park Bieruń I. The project has an area of almost 20,000 sqm and it has already found the first tenant.

Office & mixed-use development

Poland Full insurance at B4B

schedule 09 July 2024
Opr./edited by JC

Bonarka for Business "B4B", office complex located in Kraków, has secured a new lease with ZUS (The Social Insurance Institution). The company has leased 2,400 sqm office space in building D.

Warehouse & industrial

India Panattoni debuts in India

schedule 08 July 2024
Opr./edited by JC

Panattoni has announced the groundbreaking ceremony of Panattoni Park NH71 in Delhi NCR. This project marks Panattoni's strategic entry into the Indian market.

Investment & finance

Poland Xior has bought LivinnX

schedule 08 July 2024
Opr./edited by JC

On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

Warehouse & industrial

Romania Crane is moving to Arad

schedule 08 July 2024
Opr./edited by JC

Crane ChemPharma & Energy has secured a lease for 3,000 sqm of production space within Industra Park Arad in Romania, developed by Oresa Industra. The global industrial manufacturer is a subsidiary of Crane Company.

Latest in Investment & finance

schedule 16 July 2024

S Immo gradually withdraws from Croatian office market

S Immo has completed the sale of the HOTO Business Tower in Zagreb. The office building is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm.

schedule 15 July 2024

Revetas has sold The Landmark

Revetas Capital announces the disposal of the office park The Landmark in Bucharest to Vectr Holdings, through its subsidiary Vectr Realty. Developed in 2017, the complex offers 23,700 sqm of office space.

schedule 15 July 2024

Vis à Vis changes hands

Precordia Capital and Septyma have become holders of 66 pct of shares in the convenience retail park Street Mall Vis à Vis Wilanów. They acquired the shares from Capital Park.

schedule 11 July 2024

LifeSpot wants to expand

LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.

schedule 08 July 2024

Xior has bought LivinnX

On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

schedule 08 July 2024

Czech crowns from Accolade

Accolade has become the first issuer of green bonds in the Czech currency. Initially, the planned issue of CZK 1.5 billion was sold out within a week, which is why the company decided to double the volume.

schedule 04 July 2024

New player on the Warsaw PBSA market

BPI Real Estate Poland, in cooperation with Acteeum Group, has sold a plot of land in Warsaw to Romanian-Belgian developer Speedwell. The transaction inaugurates Speedwell's activities on the Polish real estate market. The company will develop its first private student house in Poland.

schedule 03 July 2024

Komerční banka sales iconic Wenceslas Square office building

The City of Prague has purchased the historic building at Václavské náměstí 42 for more than CZK 3.3 bln (EUR 131 mln). Prague intends to move several hundred of its officials from various locations into the office building. The seller was Komerční banka.

schedule 02 July 2024

Refield sells a package of retail properties

Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.

schedule 27 June 2024

Lastadia changes hands

SCPI Transitions Europe managed by Arkéa Real Estate Investment Management has acquired Lastadia Office, a fully let office building located on an island by the western bank of the Oder River in Szczecin. The vendor was Greenstone Asset Management.

schedule 24 June 2024

BGK is financing in Silesia

Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of warehousing space.

schedule 18 June 2024

CTPark Warsaw West will be bigger

CTP has purchased an 85,000 sqm investment plot in the Wiskitki municipality near Warsaw. The purchase of the land will allow the company to expand the CTPark Warsaw West complex by an additional 36,000 sqm.

schedule 17 June 2024

Liberty Residence with a new owner

Resi Capital has acquired a plot of land at the junction of Grzybowska and Żelazna Streets in Warsaw. According to the preliminary concept presented, Liberty Residence is to be a high-rise project and will deliver around 500 flats.

schedule 17 June 2024

Panattoni has financing for another park

Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.

schedule 14 June 2024

Immofinanz sells Warsaw office complex to Echo

Immofinanz has finalised the sale of the three Empark office buildings in Warsaw's Mokotów district to Archicom for EUR 28.5 mln. 

schedule 11 June 2024

Eastnine buys from Skanska (again)

Skanska has sold the Nowy Rynek E office building for over EUR 79 mln. The buyer is Eastnine AB, a Swedish real estate company focused on office premises at selected markets in the Baltics and Poland.

schedule 10 June 2024

mBank finances four retail parks

Mitiska REIM has secured a EUR 40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined GLA of nearly 34,000 sqm, the convenience centers are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski.

schedule 06 June 2024

Retail park in Bielsko-Biała is sold

A retail park in Bielsko-Biała being developed on the site of a Tesco shop on ul. Warszawska, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, has sold the project to Newgate Investment.

schedule 04 June 2024

Czechs are still moody

Despite the current weakening of investment activity in the CEE region, investment volumes in commercial real estate in the Czech Republic posted a 36 pct year-on-year increase in Q1 2024. Colliers informs that a total of EUR 545 million in capital was invested in the Czech Republic during this period.

schedule 04 June 2024

Huge deal for Greenstone

Private equity fund Greenstone has acquired an almost 80 pct stake in a special purpose vehicle owning the Format office building in Gdansk in what is the first big-ticket office transaction in Poland’s regional cities since 2022.

Edition 6 (289) June 2024

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