PL

ROMANIA EUR 170 mln loan for AFI Europe’s record transaction

Investment & finance
AFI Europe’s recent EUR 307 mln acquisition of four Romanian office complexes from Nepi Rockcastle – the biggest deal in the history of the sector in the country – was part-financed by a syndicated EUR 170 mln loan from Erste Bank Group AG, Pbb Deutsche Pfandbriefbank and Banca Comercială Română.

The properties that changed hands in the deal were Floreasca Business Park (36,470 sqm gla), The Lakeview (25,900 sqm gla) and Aviatorilor 8 (formerly Victoriei Office, 8,200 sqm gla) in Bucharest, as well as City Business Centre (47,940 sqm gla) in Timișoara – eight buildings altogether with a total of 118,500 sqm.

Law firm Wolf Theiss Bucharest advised the syndicate of banks for this transaction, including for its structuring, the due diligence, the drafting of all the financing documentation and the successful negotiation and closing of the loan.

We are all very pleased to have had the opportunity to support the lenders in completing this landmark financing transaction, which represents one of the largest real estate transactions of the year thus far on the Romanian market. Our dedicated team of lawyers had the pleasure of working in close collaboration with professional and commercially oriented teams at each bank. Their cooperation was instrumental to the success of this deal.
Claudia Chiper, a partner and the coordinator of the banking and finance team at Wolf Theiss Bucharest

Latest news

Eurobuild Awards

POLAND Calling all entries!

schedule 30 September 2020
Eurobuild Conferences

Have you been anxiously waiting for this? Because we have! The nomination process for the 11th Eurobuild Awards is now underway! As usual, the winners will be announced at the Eurobuild Gala in December!

Events

Poland Looking back and forward together

schedule 29 September 2020

Have you been missing all your friends in the sector? Or maybe you’ve actually become fond of meeting them in the virtual world? Either way, you can do both by taking part in the 26th Annual Commercial Property Market Convention in Poland on November 25th!

Warehouse & industrial

ROMANIA CTP to double its Transylvanian presence

schedule 26 October 2020
Opr./edited by NN

Czech industrial developer CTP is to invest EUR 50 mln in the expansion of CTPark Timișoara I and II.

Investment & finance

POLAND Partners to buy Buma office portfolio

schedule 26 October 2020
Nathan North
deputy editor

Swiss global private equity firm Partners Group is to buy a portfolio of office properties from Kraków-based Grupa Buma for more than EUR 200 mln.

Hotels

UKRAINE Radisson debuts in Odessa

schedule 23 October 2020
Opr./edited by NN

A Radisson hotel is to open for the first time in the Black Sea resort of Odessa.

Investment & finance

POLAND Unfinished landmark on sale again

schedule 23 October 2020
Nathan North
deputy editor

Polish-Russian gas company Europol Gaz has once more put up for sale a 2.27 ha site at ul. Literacka 7 in Warsaw’s Bielany district – on which stands the shell of a large building project that was abandoned in 2002.

Office & mixed-use development

POLAND Segro moves to Centrum Marszałkowska

schedule 22 October 2020
Opr./edited by NN

Segro has relocated its Warsaw office to Centrum Marszałkowska and has also decided to stay longer in the Andersia Tower in Poznań.

Warehouse & industrial

CZECH REPUBLIC Nexen next into CTPark Žatec

schedule 22 October 2020
Opr./edited by NN

Korean tyre manufacturer Nexen Tire Europe has leased 12,000 sqm of warehousing for a central distribution centre in CTPark Žatec in the Ústí nad Labem Region.

Warehouse & industrial

POLAND DSV expands into Panattoni Park Bydgoszcz II

schedule 22 October 2020
Opr./edited by NN

Logistics operator DSV Road has leased 2,366 sqm in Panattoni Park Bydgoszcz II.

Warehouse & industrial

CZECH REPUBLIC Garbe enters Chechia via Chomutov

schedule 21 October 2020
Nathan North
deputy editor

German logistics developer Garbe Industrial Real Estate has entered the Czech market with the acquisition of a brownfield site in Chomutov, where it plans to develop a 32,000 sqm industrial project.

Property and Facility Management

CZECH REPUBLIC Savills takes on Immofinanz’s Prague portfolio

schedule 21 October 2020
Nathan North
deputy editor

Immofinanz has appointed Savills as the exclusive property manager for its portfolio of seven office buildings in Prague, with effect from January 2021. The total floor area of the assets comes to app. 123,000 sqm.

Office & mixed-use development

HUNGARY Váci Greens completed

schedule 21 October 2020
Nathan North
deputy editor

The sixth and final building of the Váci Greens office complex, building ‘E’, has come into use with the issuing of its occupancy permit.

Warehouse & industrial

ROMANIA Maspex and Maracana opt for Constanța BP

schedule 21 October 2020
Nathan North
deputy editor

Two new leasing contracts have been secured for the first phase of the mixed-use Constanța Business Park project, which is being developed by Globalworth and Global Vision.

Warehouse & industrial

POLAND Silplast packs up for Hillwood Ruda Śląska

schedule 21 October 2020
Opr./edited by NN

Furniture packing and manufacturing company Silplast has leased a 3,500 sqm warehouse in Hillwood Ruda Śląska.

Warehouse & industrial

POLAND AMiO moves into Panattoni Park Zabrze

schedule 21 October 2020
Opr./edited by NN

Polish car and aircraft parts importer and distributor AMiO has leased 2,800 sqm of warehouse space in Panattoni Park Zabrze in Silesia.

Property and Facility Management

POLAND C&W PM for Chmielna 89

schedule 21 October 2020
Opr./edited by NN

Cushman & Wakefield has been appointed property manager for the newly completed Chmielna 89 office building in Warsaw’s Wola-Centrum district.

Warehouse & industrial

POLAND Two big leases at P3 Poznań

schedule 20 October 2020
Opr./edited by NN

P3 Logistic parks has started the development of the second phase of P3 Poznań. The first two buildings will offer more than 23,000 sqm of total leasable space.

Warehouse & industrial

CENTRAL EUROPE MLP starts work on Berlin warehouse park

schedule 20 October 2020
Nathan North
deputy editor

Polish warehouse developer MLP Group has started the construction of MLP Business Park Berlin I in Ludwigsfelde on the city’s southern outskirts.

Warehouse & industrial

Poland Panattoni buys Janki site

schedule 19 October 2020
Opr./edited by AH

Panattoni has bought 3.14 ha of land in Janki, on Warsaw’s southwestern outskirts.

Warehouse & industrial

EUROPE Warehouse demand from manufacturing doubles in eight years

schedule 16 October 2020
Opr./edited by NN

Europe is to see an additional 11.6 mln sqm of warehouse demand due to the manufacturing sector by the end of 2022, according to Savills, based on Capital Economics’ forecasts.

Latest in Investment & finance

schedule 26 October 2020

Partners to buy Buma office portfolio

Swiss global private equity firm Partners Group is to buy a portfolio of office properties from Kraków-based Grupa Buma for more than EUR 200 mln.

schedule 23 October 2020

Unfinished landmark on sale again

Polish-Russian gas company Europol Gaz has once more put up for sale a 2.27 ha site at ul. Literacka 7 in Warsaw’s Bielany district – on which stands the shell of a large building project that was abandoned in 2002.

schedule 16 October 2020

PineBridge poised to take over Benson Elliot

Global asset manager PineBridge Investments is about to acquire UK-based private equity real estate fund Benson Elliot Capital Management.

schedule 15 October 2020

EUR 105 mln loan for Eurovea extension

J&T Real Estate has obtained a EUR 105 mln syndicated loan from VÚB banka and UniCredit Bank for the construction of the residential section of the extension to its large-scale Eurovea mixed-use development in Bratislava.

schedule 12 October 2020

Capital raise for Immofinanz

Immofinanz has issued fixed-rate senior unsecured notes worth EUR 500 mln with a seven-year maturity and a 2.5 pct fixed coupon.

schedule 09 October 2020

Investment down but not out

The investment volume on the Polish commercial property market is estimated to have reached EUR 1.05 bln in Q3 2020.

schedule 09 October 2020

Sekyra buys Wenceslas Square townhouse

Sekyra Group has bought the ornate Stýblův dům townhouse on Wenceslas Square in Prague for around CZK 450 mln (app. EUR 16.6 mln).

schedule 09 October 2020

CPI launches takeover of Nova RE

Czech-based CPI Property Group has submitted a binding offer to participate in a capital increase of Italian real estate investment company Nova RE SIIQ.

schedule 08 October 2020

Investment set to recover

Investment activity in commercial property in Europe is expected to rebound to EUR 100 bln in Q4, following a robust recovery in large deals in Q3.

schedule 07 October 2020

Financing for Futurama

Pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly refinanced Futurama Business Park in Prague with a EUR 107.5 mln loan for Caerus Investment Management (Caerus IM) on behalf of a separate account client.

schedule 07 October 2020

NY court to hear appeal against CPI case dismissal

Kingstown companies Investhold and Verali, who in April 2019 filed a lawsuit in the Southern District of New York against CPI Property Group, its majority shareholder Radovan Vítek and other accused parties, are appealing against the dismissal of the case.

schedule 07 October 2020

Kingstone IM enters Poland with Katowice purchase

Munich-based Kingstone Investment Management has entered the Polish market with the acquisition of a site in Katowice.

schedule 06 October 2020

IBC sold to Generali for EUR 70.3 mln

Mint Investments has announced that it has sold the International Business Center office building in Prague’s Karlín district to Generali Real Estate Core+ Fund for a reported CZK 1.9 bln (app. EUR 70.3 mln).

schedule 06 October 2020

CTP raises issues bonds worth EUR 650 mln

CTP issued green bonds worth EUR 650 mln on October 1st 2020 – the largest debut issue by a CEE real estate company.

schedule 05 October 2020

Tatra Banka selling Bratislava offices

Tatra Banka has put up for sale one of the office buildings of its TatraCity complex near Bratislava city centre.

schedule 01 October 2020

CA Immo sells Zagrebtower

CA Immo has exited the country with the sale of the Zagrebtower office building to S Immo.

schedule 28 September 2020

EUR 170 mln loan for AFI Europe’s record transaction

AFI Europe’s recent EUR 307 mln acquisition of four Romanian office complexes from Nepi Rockcastle – the biggest deal in the history of the sector in the country – was part-financed by a syndicated EUR 170 mln loan from Erste Bank Group AG, Pbb Deutsche Pfandbriefbank and Banca Comercială Română.

schedule 28 September 2020

CTP to issue green bonds

Czech-based industrial developer CTP Invest is planning to issue fixed rate senior unsecured notes and has mandated several banks to arrange a series of fixed income investor meetings across Europe.

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).

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