PL

SERBIA GTC sells Belgrade portfolio to Indotek

Investment & finance
Globe Trade Centre has signed an agreement to sell its office portfolio in Belgrade to Hungarian investor Indotek for EUR 267.6 mln.
The transaction, which concerns eleven buildings in five business parks with a combined area of 122,175 sqm, is due to close in Q3 2021. The properties include Green Heart, FortyOne, Belgrade Business Center, 19 Avenue and GTC House, each of which are located in the New Belgrade district. According to GTC, once completed the transaction will be one of the biggest on the CEE market in the last five years. The acquisition price is EUR 2 mln above the book value of the properties at the end of last
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Latest news

Investment & finance

ROMANIA Praktiker RE buys Bucharest building for €8m

schedule 09 December 2024
Opr./edited by NN

Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln

Material partner

Poland Galant Ząbkowska Apartments with FusionLive

schedule 02 December 2024
Eurobuild CEE

Peninsula Property is an investor and development company that builds high-quality, thoughtfully designed apartment buildings, boutique residences and hotels to ensure the best possible experience for future residents and tenants. It stands out for its innovative designs and concepts in the Polish market.

Investment & finance

Poland Invesco takes over Gdańsk hotel

schedule 09 December 2024
Opr./edited by JC

Invesco Real Estate has announced the acquisition of the Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller, Granaria Development Gdańsk, is a joint venture between Immobel and Multibud.

Office & mixed-use development

Romania OLX is staying in America House

schedule 09 December 2024
Opr./edited by JC

America House in Bucarest has extended its lease agreement with OLX and an increase in office space of 43 pct, reaching a total area of 1,663 sqm.

Hotels

Germany Handwritten Collection opens its first hotel in Germany

schedule 06 December 2024
Opr./edited by ANZ

Boutique brand Accor is making its debut in Germany with the opening of a hotel in Düsseldorf. The company also announces plans to open its first property in Croatia in 2026.

Hotels

Czech Republic W debuts in Prague

schedule 06 December 2024
Opr./edited by ANZ

The Art Nouveau hotel Grand Hotel Evropa in Prague has started operating under the W Hotels banner as W Prague. This is the first property of this Marriott Bonvoy-owned brand in the Czech capital.

Investment & finance

Poland LCP buys retail park under construction in Trzebiatów

schedule 05 December 2024
Opr./edited by ANZ

LCP Properties, part of the international M Core group, has finalised the purchase of a project in Trzebiatów, located in West Pomerania. The seller is from Green Hills Investment. The property, which will open as M Park Trzebiatów, will offer more than 6,250 sqm. GLA with 12 tenants. The opening of the facility is planned for Q3 2025.

Office & mixed-use development

Romania One of the youngest office stocks in Europe

schedule 05 December 2024
Opr./edited by ANZ

According to data from the Cushman & Wakefield Echinox, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence over the next 5-6 years. 

Warehouse & industrial

Romania LPP is expanding in Romania

schedule 05 December 2024
Opr./edited by JC

CTP has leased an additional 42,000 sqm to Polish fashion producer LPP at CTPark Bucharest West. LPP’s latest lease takes its total footprint at CTPark Bucharest West to 131,000 sqm.

Warehouse & industrial

Germany MLP launches construction in Spreenhagen

schedule 05 December 2024
Opr./edited by ANZ

MLP Group is starting the development of its second warehouse park in close proximity to Berlin. The MLP Spreenhagen park will eventually offer 39,000 sqm of modern space. The project is scheduled for completion and occupancy in Q3 2025.  

Investment & finance

Poland Panattoni gets 20 mln for robotic warehouse

schedule 05 December 2024
Opr./edited by JC

Panattoni has secured EUR 20.7 mln in financing from Bank Milennium to develop a logistics hub for Auchan Polska. A fully robotic built-to-suit warehouse is to be constructed in Wilcza Góra near Warsaw.

Investment & finance

Poland Galeria Wisła in Płock changes hands

schedule 05 December 2024
Opr./edited by ANZ

The property had belonged to the Invel Real Estate/Castlelake portfolio since 2016. The sole advisor for the sale of Galeria Wisła was Avison Young.  The seller was advised by Dentons on legal matters.

ESG

Poland Excellent Brain Park 

schedule 04 December 2024
Opr./edited by ANZ

All buildings completed by Echo Investment in Kraków's Brain Park complex have obtained BREEAM New Construction certification at the Excellent level. The latest stage of the project has just achieved a very high score of 78.9 pct.

Residential

Poland Resi Capital is developing its first project in Bielsko-Biała

schedule 04 December 2024
Opr./edited by ANZ

Resi Capital, a company belonging to the Cavatina Group, is preparing its first residential project in Bielsko-Biała. The Reytan Apartments will be built on the site of the former Befama industrial plant.

Warehouse & industrial

Germany Ground-breaking ceremony on the outskirts of Hamburg

schedule 04 December 2024
Opr./edited by ANZ

Construction work on a modern logistics property in Norderstedt has officially begun with a symbolic ground-breaking ceremony. Just a few kilometres north of Hamburg’s city limits, Garbe is developing a new building with a total area of 12,700 sqm. Completion is planned for the middle of next year.

Investment & finance

Poland mBank boosts Real Management

schedule 04 December 2024
Opr./edited by ANZ

Real Management has secured loan financing of PLN 120 mln, which will be used for growth in the development business. The financing was again provided by mBank.

Investment & finance

Poland Galeria Szperk has new owner

schedule 03 December 2024
Opr./edited by ANZ

UBM Development has sold Galeria Szperk in Kosakowo near Gdynia to the Polish company Rewa, based in Krakow, for almost EUR 18 mln.

Hotels

Poland Grand transaction in Sopot

schedule 03 December 2024
Opr./edited by ANZ

The Sofitel Grand Sopot has changed hands. The Polish company Sinfam Investments became the new owner of the hotel. The seller was AccorInvest, which includes the Orbis group. Sofitel will remain the managing operator of the hotel. 

Office & mixed-use development

Poland Nivea opens first office in Warsaw

schedule 03 December 2024
Opr./edited by ANZ

Nivea Polska/Beiersdorf will open its first office in Warsaw, leasing nearly 400 sqm on the 37th floor of the HB Reavis-owned Varso Tower. The contract has been signed for five years and the office will begin operations in May 2025. The new headquarters will act as a satellite office and will also be a representative meeting space for the entire Eastern European region.

Warehouse & industrial

Poland Langowski Logistics takes 5,600 sqm in the MLP Pruszków II complex

schedule 03 December 2024
Opr./edited by ANZ

MLP Group has signed a lease agreement with Langowski Logistics, a Polish logistics operator specialising in international container transport. The company will occupy a total of more than 5,600 sqm of space in the MLP Pruszków II complex. The new tenant can already use a 5,400 sqm warehouse hall. Approx. 250 sqm of social and office space is still in the pipeline, to be moved into in August 2025.

Latest in Investment & finance

schedule 09 December 2024

Praktiker RE buys Bucharest building for €8m

Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln

schedule 09 December 2024

Invesco takes over Gdańsk hotel

Invesco Real Estate has announced the acquisition of the Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller, Granaria Development Gdańsk, is a joint venture between Immobel and Multibud.

schedule 05 December 2024

LCP buys retail park under construction in Trzebiatów

LCP Properties, part of the international M Core group, has finalised the purchase of a project in Trzebiatów, located in West Pomerania. The seller is from Green Hills Investment. The property, which will open as M Park Trzebiatów, will offer more than 6,250 sqm. GLA with 12 tenants. The opening of the facility is planned for Q3 2025.

schedule 05 December 2024

Panattoni gets 20 mln for robotic warehouse

Panattoni has secured EUR 20.7 mln in financing from Bank Milennium to develop a logistics hub for Auchan Polska. A fully robotic built-to-suit warehouse is to be constructed in Wilcza Góra near Warsaw.

schedule 05 December 2024

Galeria Wisła in Płock changes hands

The property had belonged to the Invel Real Estate/Castlelake portfolio since 2016. The sole advisor for the sale of Galeria Wisła was Avison Young.  The seller was advised by Dentons on legal matters.

schedule 04 December 2024

mBank boosts Real Management

Real Management has secured loan financing of PLN 120 mln, which will be used for growth in the development business. The financing was again provided by mBank.

schedule 03 December 2024

Galeria Szperk has new owner

UBM Development has sold Galeria Szperk in Kosakowo near Gdynia to the Polish company Rewa, based in Krakow, for almost EUR 18 mln.

schedule 27 November 2024

React will change hands

Echo Investment signed a conditional sale agreement for React, the office building in Łódź. Upon conclusion of the deal, the asset will be acquired by Summus Capital, an Estonian-based investment company.

schedule 26 November 2024

ECE sells logistics centre in Hamburg-Billbrook

The purchaser of the recently completed logistics property which was planned, developed and realised by ECE Work & Live is a German investor, represented by Savills Investment Management. 

schedule 26 November 2024

Ghelamco sells Warsaw Unit!

Ghelamco has sold its flagship development in downtown Warsaw – the Warsaw Unit skyscraper at Rondo Daszyńskiego. It was acquired by the Swedish real estate company Eastnine AB listed on the Nasdaq Stockholm. This is the largest office market transaction that has been concluded in Europe this year.

schedule 20 November 2024

A EUR 75 mln loan for Panattoni Park Sulechów III

Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.

schedule 18 November 2024

PRS fund makes big purchase

Fond Českého Bydlení (the Czech Housing Fund) has successfully completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the company's portfolio.

schedule 14 November 2024

Full occupancy for ELF 2

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

schedule 14 November 2024

First loan of its kind

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

schedule 13 November 2024

Vantage to invest €100m

Vantage Development's Polish subsidiaries have secured a EUR 100 mln loan from the European Bank for Reconstruction and Development. The TAG Immobilien-owned developer and operator will use the funds raised to expand its PRS investments in Poland.

schedule 07 November 2024

Green loan for Warsaw Spire

Immofinanz signed a new five-year, EUR 180 mln green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire. The office tower offers over 71,000 sqm of GLA and holds a BREEAM Excellent certification.

schedule 31 October 2024

Warimpex pulls out of Russia

Warimpex Finanz- und Beteiligungs has sold its last remaining project in Russia, the Airportcity St. Petersburg, and is therefore no longer active in the Russian market.

schedule 30 October 2024

Trinity One bought by Longvilliers

Revetas Group has announced the successful disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.

schedule 30 October 2024

Poland can win nearshoring investment

Poland’s highly skilled workforce, growing pool of environmentally compliant buildings and developed IT services market make it an attractive destination for foreign investors who want to shorten their supply chains, according to experts on nearshoring at law firm DLA Piper.

schedule 30 October 2024

Refinancing for MLP Pruszków II

BNP Paribas Bank has granted MLP Group financing in the total amount of EUR 21.5 mln. The funds raised will be used to refinance the construction of a 34,600 sqm warehouse facility at the MLP Pruszków II logistics centre.

Edition 11 (293) November 2024

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