PL

GalCap comes to Poland

Investment & finance
POLAND GalCap Europe, an investment and asset manager active in Austria and the CEE region, has entered Poland with the purchase of two historic boutique office buildings in Warsaw: Wilcza 46 and Mokotowska 33/35.
The seller was Amhola and the sales price remains confidential. GalCap was advised by Savills, Linklaters, Crido and DIL while Amhola was represented by Colliers International and MDDP. The two buildings have a combined gla of around 7,500 sqm of office and retail space and the tenants include the Museum of Polish History, the Adam Mickiewicz Institute and the State Mining Authority. GalCap Europe was founded by Manfred Wiltschnigg, Marco Kohla and Paul Hallam in 2015. The company is active in Austria, Poland, Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia and Romania. “Acquiring Wilcza 46 and Mokotowska 33/35 is a unique investment opportunity on Warsaw’s market, which due to their superb location and timeless character is a perfect fit for our growing portfolio in the region. The two assets are perfect examples for our value-driven investment approach: well-established buildings in the most central locations with lease contracts that are not predominantly long-term,” stated GalCap managing partner Marco Kohla in explanation of the reasons for the purchase.

Latest news

Retail & leisure

POLAND Stars to stay in Plejada

schedule 25 September 2020
Opr./edited by NN

Thirty-four tenants have renewed their leases in Plejada Sosnowiec in Silesia, amounting to 9,000 sqm of the shopping centre’s total area.

Warehouse & industrial

POLAND Pika picks 7R City Flex Wrocław Airport

schedule 25 September 2020
Nathan North
deputy editor

Polish business outsourcing company Pike has leased 3,085 sqm of warehouse space and 520 sqm of offices in 7R City Flex Wrocław Airport.

Events

Polska Who came out on top in the doubles?

schedule 24 September 2020
Eurobuild Conferences

At the 15th Eurobuild CEE Annual Tennis Tournament, it was not only the men’s and ladies’ singles titles that were being fought out on the courts of the Warszawianka tennis club in Warsaw, but also the doubles.

Investment & finance

POLAND Echo enjoys 17 pct rise in portfolio value over H1

schedule 24 September 2020
Opr./edited by NN

Polish developer Echo Investment generated a net profit of PLN 10.4 mln in Q2 2020, mainly due to the appreciation in the value of its projects under construction and the handover of 222 apartments to buyers.

Warehouse & industrial

POLAND Uni-Logistics chooses MLP Pruszków I for expansion

schedule 24 September 2020
Opr./edited by NN

Uni-Logistics has leased 2,900 sqm in MLP Pruszków I on Warsaw’s western outskirts.

Warehouse & industrial

ROMANIA SLS Cargo heads for P3 Bucharest A1

schedule 24 September 2020
Opr./edited by NN

SLS Cargo has leased 15,500 sqm of warehouse space in P3 Bucharest A1.

Office & mixed-use development

POLAND Santander and DLA Piper stay five years longer in Atrium 2

schedule 23 September 2020
Nathan North
deputy editor

Hansainvest Real Assets has prolonged for five years two lease agreements totalling over 10,000 sqm – more than half the total leasable space – in its Atrium 2 office building in Warsaw.

Warehouse & industrial

POLAND Sportvida opts for Panattoni Park Sosnowiec I

schedule 23 September 2020
Opr./edited by NN

Sports equipment and leisure accessories manufacturer and distributor Sportvida has leased 1,150 sqm of warehouse and office space in Panattoni Park Sosnowiec I in Silesia.

Warehouse & industrial

POLAND Alfa Bond Kohlhauer concentrating on Kajetany

schedule 23 September 2020
Opr./edited by NN

Alfa Bond Kohlhauer has leased warehouse and office space along with land in a privately owned industrial complex in Kajetany, 25 km south-west of Warsaw city centre.

Warehouse & industrial

POLAND AFG opens third European training centre in Warsaw

schedule 23 September 2020
Opr./edited by NN

Avenger Flight Group has opened Poland’s first commercial aviation training centre in the 7R City Flex complex near Chopin Airport in Warsaw.

Warehouse & industrial

POLAND School supplies from Panattoni Park Łódź West

schedule 23 September 2020
Opr./edited by NN

Panattoni has started the development of Panattoni Park Łódź West.

Retail & leisure

POLAND Lidl into Homepark Targówek

schedule 22 September 2020
Opr./edited by NN

Lidl is to open a 2,017 sqm store in the Homepark Targówek retail park in Warsaw's Targówek district.

Retail & leisure

POLAND Galeria Andrychów 85 pct leased

schedule 22 September 2020
Opr./edited by NN

Galeria Andrychów in southern Poland – the second joint ‘power centre’ project by Acteeum and Equilis – is already 85 pct leased prior to its scheduled opening in H2 2021.

E-commerce

UKRAINE Wildberries now growing in Ukraine

schedule 22 September 2020
Opr./edited by NN

Russia’s largest online retailer Wildberries has entered the Ukrainian market.

Hotels

EUROPE Convivio finalises five-star portfolio buy

schedule 21 September 2020
Nathan North
deputy editor

Convivio Hotels has completed the EUR 573 mln acquisition of eight of the five-star hotels in the pan-European Dedica Anthology portfolio from Värde Partners.

Property and Facility Management

POLAND CPI managing Concept by itself

schedule 21 September 2020
Opr./edited by NN

CPI Property Group has taken over the management of Concept Tower in central Warsaw, following its recent acquisition of the property.

Warehouse & industrial

POLAND More packed in at Hillwood Marki

schedule 21 September 2020
Opr./edited by NN

Hurtownia Opakowań has increased the warehouse space it leases in Hillwood Marki to 4,500 sqm.

Investment & finance

CZECH REPUBLIC Portivo picks up Brno Mall

schedule 21 September 2020
Nathan North
deputy editor

Czech investment group Portiva and Micronix have bought the Central Kladno shopping centre in Brno from Crestyl for CZK 2 bln (app. EUR 74.8 mln).

Investment & finance

CZECH/ SLOVAKIA/ UK Vesa starts buying at Sainsbury’s

schedule 21 September 2020
Nathan North
deputy editor

Prague-based Vesa Equity Investment has announced the acquisition of a 3.05 pct share in British supermarket chain Sainsbury’s, becoming its fourth largest shareholder.

Investment & finance

POLAND Madison buys Chmielna 89 stake

schedule 18 September 2020
Nathan North
deputy editor

A fund managed by US investor Madison International Realty has bought a 65 pct stake in the newly completed Chmielna 89 office project in central Warsaw from Cavatina Holding.

Latest in Investment & finance

schedule 24 September 2020

Echo enjoys 17 pct rise in portfolio value over H1

Polish developer Echo Investment generated a net profit of PLN 10.4 mln in Q2 2020, mainly due to the appreciation in the value of its projects under construction and the handover of 222 apartments to buyers.

schedule 21 September 2020

Portivo picks up Brno Mall

Czech investment group Portiva and Micronix have bought the Central Kladno shopping centre in Brno from Crestyl for CZK 2 bln (app. EUR 74.8 mln).

schedule 21 September 2020

Vesa starts buying at Sainsbury’s

Prague-based Vesa Equity Investment has announced the acquisition of a 3.05 pct share in British supermarket chain Sainsbury’s, becoming its fourth largest shareholder.

schedule 18 September 2020

Madison buys Chmielna 89 stake

A fund managed by US investor Madison International Realty has bought a 65 pct stake in the newly completed Chmielna 89 office project in central Warsaw from Cavatina Holding.

schedule 17 September 2020

Trei takes out EUR 54 mln loan from Helaba

Düsseldorf-based retail park developer Trei Real Estate has been granted an unsecured EUR 42 mln loan from German bank Helaba.

schedule 14 September 2020

Romanian RE investment rockets despite the pandemic

More than EUR 400 mln worth of real estate transactions closed in Romania the last weeks, confirming both that the investment market in the country has remained vigorous during the pandemic and that it is no longer just seen as a fringe Central European market, according to Cushman & Wakefield Echinox.

schedule 10 September 2020

SIF Banat-Crișana makes largest ever land purchase

Closed-end investment company SIF Banat-Crișana has agreed to buy for an undisclosed sum a 99.92 pct stake in South Korean-owned metallurgical firm Doosan IMGB.

schedule 09 September 2020

HB Reavis issues 15,000 five-year bonds

HB Reavis Group has launched its latest bond issue through Slovenská sporiteľňa bank.

schedule 09 September 2020

CEE real estate volumes up in H1 – Savills

Real estate investment turnover grew across the CEE region in H1 2020, despite the impact of Covid-19 in Q2, according to Savills’ latest European Investment Spotlight report.

schedule 07 September 2020

NY court throws out suit over CPI’s Orco takeover

A New York court has dismissed the lawsuit against CPI Property Group brought by Kingstown group companies Investhold and Verali, concerning CPI’s takeover of Orco in 2013/14.

schedule 04 September 2020

Immofinanz invests EUR 2 mln in SpaceOS

Immofinanz has invested EUR 2 mln in connected workspace platform provider SpaceOS.

schedule 02 September 2020

Savills IM buys again in Łódź

Savills Investment Management has acquired a 38,000 sqm logistics building in the Central European Logistics Hub in Łódź.

schedule 02 September 2020

ECE to become ECE Group

ECE is restructuring and, from January 1st 2021, will become ECE Group: an integrated group of companies operating in the real estate and investment sectors, offering services including asset management, development expertise and investment management.  

schedule 01 September 2020

Accolade awarded EUR 153 mln for Polish parks

Czech industrial developer Accolade has received a EUR 153 mln refinancing loan for its Polish portfolio from German real estate bank Aareal.

schedule 01 September 2020

Cordia raises EUR 105 mln from second bond issue

Cordia International, the residential development platform of Futureal Group, has completed its second bond issue on the Budapest Stock Exchange to finance its further expansion, predominantly in the CEE region.

schedule 01 September 2020

EBRD backs Novus with USD 100 mln loan

The European Bank for Reconstruction and Development has agreed to finance food retailer Novus Group with a USD 100 mln loan, of which USD 35 mln is to be syndicated to commercial banks.

schedule 01 September 2020

Robust H1 results for CPI

CPI Property Group saw its net rental income increase by 13 pct y-o-y in H1 2020 to EUR 164 mln.

schedule 31 August 2020

Warimpex sees value in switch to offices

Warimpex Finanz- und Beteiligungs suffered a 44 pct y-o-y reduction in total revenues and a 23 pct fall in gross income from revenues in H1 2020.

schedule 27 August 2020

CPI embraces Concept

Czech real estate investor CPI Property Group has announced the acquisition for an undisclosed sum of the Concept Tower office building on ul. Grzybowska in Warsaw from Concept Development Group.

schedule 17 August 2020

Pankrác plot sells for online record

An almost 1 ha plot in Prague 4 has been sold for a record sum for an online auction of CZK 497 mln (app. EUR 19 mln), according to the auction house, Elektronické Dražby.

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