PL

TJX Cos gets Familia

Investment & finance
RUSSIA US discount retailer TJX Cos has announced a USD 225 mln investment, representing a 25 pct stake, in Russian retailer Familia.

“We are pleased to welcome TJX as a new shareholder. This investment is recognition of Familia’s leading market position and the strength of our off-price business model. TJX has always been the standard we have aspired to at Familia, including their focus on value and operating efficiency. We look forward to moving ahead with TJX as we implement our ambitious growth strategy and take Familia to the next level,” says CEO Konstantin Nadezhdin of Familia.

Latest news

Residential

CZECH REPUBLIC Penta given go-ahead for Nuselský Pivovar

schedule 06 August 2020
Nathan North
deputy editor

A planning permit has been issued for Penta Real Estate’s The Residence Nuselský Pivovar development in Prague’s Nusle district.

Investment & finance

CEE REGION Atrium to speed up repositioning

schedule 05 August 2020
Opr./edited by NN

Atrium European Real Estate has managed to maintain a stable occupancy for its shopping centre portfolio in the region of 95.4 pct (down by only 1.6 pp) through its “focus on pro-active management” during the pandemic, according to an announcement of the company’s H1 figures

Office & mixed-use development

POLAND TriCity for the tenants

schedule 05 August 2020
Opr./edited by NN

The TriCity office market is likely to become a tenant’s market soon due to the changing market environment, according to ‘Occupier Economics: the Office Market in the TriCity in H1 2020’ report by real estate advisory firm Cresa Poland.

Investment & finance

ROMANIA EUR 80 mln loan for Hermes

schedule 05 August 2020
Opr./edited by NN

Atenor has received an EUR 80 mln financing loan from Pbb and Erste Bank for its Hermes Business Campus in northern Bucharest.

Warehouse & industrial

BULGARIA Bulgaria ideal for near-shoring - Colliers

schedule 05 August 2020
Opr./edited by NN

Sofia’s modern industrial and logistics stock grew by 3 pct in the first six months of 2020, reaching almost 1.097 sqm at the end of June, according to Colliers International.

Warehouse & industrial

ROMANIA Four new faces for Eli Park 1

schedule 05 August 2020
Opr./edited by NN

Four new tenants have been secured for the recently completed second phase of Eli Park 1 on Bucharest’s north-western outskirts.

Hotels

POLAND Sofitel Wrocław Old Town falls victim to the pandemic

schedule 04 August 2020
Opr./edited by AKL

Polish hotel operator Orbis has decided not to re-open the Sofitel Wrocław Old Town after its closure due to the pandemic.

Office & mixed-use development

POLAND Sollers strolls into Officyna

schedule 04 August 2020
Nathan North
deputy editor

Sollers Consulting has opened its fourth Polish office – in the Officyna complex in Gdańsk.

Warehouse & industrial

HUNGARY NIPÜF to build hall for Raben in Inpark Pécs

schedule 04 August 2020
Opr./edited by NN

NIPÜF has announced the development of an 11,000 sqm warehouse in its Inpark Pécs industrial park in southwest Hungary.

Hotels

ESTONIA First Estonian Citybox opens its doors

schedule 04 August 2020
Opr./edited by NN

The first Citybox hotel in Estonia and outside Norway was opened on August 1st in the Porto Franco quarter of Tallinn’s passenger port area.

Investment & finance

HUNGARY CPI to issue Hungarian green bonds

schedule 04 August 2020
Nathan North
deputy editor

Czech real estate company CPI Property Group has announced its intention to issue green bonds in Hungary.

Residential

POLAND Second sales for KRK underway

schedule 04 August 2020
Nathan North
deputy editor

Sales have begun for the apartments in the second stage of the KRK estate, which is being developed by Echo Investment in Krakow’s Bronowice district, has started.

Investment & finance

POLAND Metropol buys portfolio of five Atrium centres

schedule 03 August 2020
Nathan North
deputy editor

Metropol Group has acquired a portfolio of five Polish convenience shopping centres from Atrium European Real Estate for an undisclosed sum.

Warehouse & industrial

POLAND MLP Gliwice completed

schedule 03 August 2020
Nathan North
deputy editor

MLP Group has just completed the construction of the MLP Gliwice logistics park in Upper Silesia.

Retail & leisure

EUROPE Safer shopping in all Via Outlets centres

schedule 03 August 2020
Opr./edited by NN

Via Outlets has bestowed its newly-devised ‘Safer Shopping’ certified on all eleven outlet centres in its network.

Retail & leisure

POLAND Auchan signs 12-year extension for 83,000 sqm gla with Chariot

schedule 03 August 2020
Nathan North
deputy editor

Auchan Poland has signed a twelve-year extension to its lease of six retail properties in the country totalling 83,000 sqm gla.

Warehouse & industrial

POLAND Media Expert takes up another 12,000 sqm in Łodź from Panattoni

schedule 03 August 2020
Nathan North
deputy editor

Terg, the owner of the Media Expert consumer electronics chain, has leased 12,000 sqm at Panattoni Business Center Łódź III.

Green projects

CEE REGION CTP moves closer to BREEAM for entire portfolio

schedule 03 August 2020
Opr./edited by NN

CTP has achieved BREEAM In-Use certification for more than 80 pct of its industrial portfolio.

Office & mixed-use development

POLAND Better H1 for regional office markets - JLL

schedule 03 August 2020
Opr./edited by NN

The office markets in Poland’s major regional cities enjoyed a better H1 than a year earlier, despite the pandemic and the expected slowdown, according to JLL.

Office & mixed-use development

CEE REGION Globalworth shows resilience to pandemic

schedule 03 August 2020
Opr./edited by NN

Globalworth leased 115,500 sqm of commercial space in H1 (taken-up or extended) at a weight average leasing term of 3.2 years. Renewals accounted for 74 pct the leasing activity.

Latest in Investment & finance

schedule 05 August 2020

EUR 80 mln loan for Hermes

Atenor has received an EUR 80 mln financing loan from Pbb and Erste Bank for its Hermes Business Campus in northern Bucharest.

schedule 05 August 2020

Atrium to speed up repositioning

Atrium European Real Estate has managed to maintain a stable occupancy for its shopping centre portfolio in the region of 95.4 pct (down by only 1.6 pp) through its “focus on pro-active management” during the pandemic, according to an announcement of the company’s H1 figures

schedule 04 August 2020

CPI to issue Hungarian green bonds

Czech real estate company CPI Property Group has announced its intention to issue green bonds in Hungary.

schedule 03 August 2020

Metropol buys portfolio of five Atrium centres

Metropol Group has acquired a portfolio of five Polish convenience shopping centres from Atrium European Real Estate for an undisclosed sum.

schedule 30 July 2020

EUR 6.4 bln transacted in CEE in H1 - JLL

More than EUR 6.4 bln was transacted on the CEE real estate investment market in the first six months of the year, according to JLL’s CEE Investment Market H1 2020 report.

schedule 28 July 2020

Poland still the most transparent CEE market

Poland still has the most transparent real estate market in the CEE region, according to JLL and LaSalle’s 2020 Global Real Estate Transparency Index.

schedule 27 July 2020

First buy for latest M7 fund in Katowice

London-based investor and asset manager M7 Real Estate has completed the first acquisition for its M7 CEREF II fund: the Atrium building in Katowice.

schedule 24 July 2020

Harmond Capital Partners enters investment scene

A new player has entered the investment market: Harmond Capital Partners. The investment platform has been established with the aim of providing institutional and private investors with high yielding proposals for both single asset and portfolio real estate in the CEE region, while offering comprehensive support through the investment’s entire life cycle.

schedule 24 July 2020

Sberbank AM buys PNK Park Veshki

Sberbank Asset Management has signed an agreement with PNK to buy PNK Park Veshki in Moscow for an undisclosed sum.

schedule 24 July 2020

Land prices still holding up and set to rebound

The investment land market has been as seriously affected by the Covid-19 pandemic as the wider economy, according to Emil Domeracki, the director of investment land services at Colliers International in Poland.

schedule 20 July 2020

Polish 2020 investment unlikely to fall by more a fifth – Savills

Polish commercial property investment activity reached EUR 2.92 bln in H1 2020, up by almost 5 pct on the same period in 2019 – according to Savills.

schedule 17 July 2020

Highest ever Polish r.e. investment volume in H1 2020

A record high volume of EUR 3.5 bln of real estate transactions were closed in Poland in H1 2020, 30 pct higher than the same period last year, according to Avison Young.

schedule 16 July 2020

European real estate investment down by 39 pct

European real estate investment volumes came in at EUR 43 bln in Q2 2020 – a decrease of 39 pct on the same period last year, according to CBRE.

schedule 16 July 2020

Karimpol buys Bory Business Park

Penta Real Estate has sold the Bory Business Park project in Bratislava to Karimpol Group for an undisclosed sum.

schedule 15 July 2020

Q1 real estate returns worst since 2012

The INREV Quarterly Index for the first quarter of 2020 has revealed the initial signs of the negative effects of the Covid-19 pandemic on the European real estate sector, with the lowest quarterly performance since Q4 2012.

schedule 10 July 2020

Chariot sells Katowice plot

Chariot Top Group, a company managed by Griffin Real Estate, has sold a 1.8 ha investment plot on al. Górnośląska in Katowice to an undisclosed buyer,

schedule 10 July 2020

Goodman says goodbye to CEE portfolio

Goodman European Partnership (GEP) has completed the sale of 26 logistics properties in Poland, Slovakia, Czech Republic and Hungary to GLP for around EUR 1 bln.

schedule 09 July 2020

NEPI Rockcastle and AFI agree new MOU

NEPI Rockcastle and AFI Europe have entered into a new memorandum of understanding as a result of arbitration proceedings following AFI’s suspension of its takeover of NEPI Rockcastles’s Romanian office portfolio.

schedule 08 July 2020

Industrial yields fall below retail for first time

Average prime industrial and prime shopping centre yields across mainland Europe have converged for the first time in recorded history, as demand for logistics soars due to the e-commerce boom, according to research by Savills.

schedule 07 July 2020

NEPI Rockcastle portfolio sale hits the rocks

AFI Europe’s EUR 300 mln deal to buy NEPI Rockcastle’s Romanian office portfolio has fallen through with the seller insisting that Covid-19 restrictions have prevented the purchase – a claim denied by NEPI Rockcastle, which is now demanding EUR 15 mln compensation from the Israeli-owned company.

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