PL

HUNGARY M7 swoops for Terrapark

Investment & finance
UK-based real estate investor and asset manager M7 Real Estate has acquired the Terrapark office complex in Budapest for an undisclosed sum, on behalf of its M7 CEREF II fund.

The two-building office complex comprises 28,500 sqm, leased to such tenants as Invitech, Tchibo, Continental and Turk Telekom. It is situated in the city’s western Budaörs district. In 2016 the complex was bought by Greek investor Bluehouse Capital from a fund managed by JP Morgan Asset Management.

With the addition of this new app. 28,500 sqm office complex, M7 has become a significant player in the Budaörs office market. Despite being close to Budapest, the Budaörs area has a limited supply of good quality office space, which places Terrapark in a strong position to achieve high occupancy rates. Our aim is to build partnerships with existing and new occupiers by providing flexibility and turnkey solutions.
Balázs Magyar, the managing director of M7 Real Estate in Hungary

The purchase is in line with the fund’s strategy of targeting value-add and core-plus office, logistics and industrial investments in Hungary, Croatia and Poland, where it has so far acquired eight assets totalling 110,000 sqm. The fund, which has a target size of EUR 100 mln with leverage, is now almost fully invested following a first close in 2020.

Latest news

Investment & finance

HUNGARY Futureal secures EUR 50 mln loan for Budapest One 3

schedule 28 September 2021
Nathan North
deputy editor

Futureal has secured a loan of almost EUR 50 mln (app. HUF 17 bln) from Hungary-based MKB Bank to finance the third phase of its Budapest One office development.

Warehouse & industrial

POLAND Poczta Polska expands into 7R Gdynia park

schedule 28 September 2021
Opr./edited by NN

Poczta Polska (the Polish Post Office) has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia.

Investment & finance

POLAND Globalworth sells five Warsaw buildings for EUR 123 mln

schedule 27 September 2021
Nathan North
deputy editor

Globalworth has agreed to sell five Warsaw office buildings to 5th Corner for around EUR 123 mln.

Warehouse & industrial

SLOVAKIA RajHračiek to open Senec hub

schedule 27 September 2021
Opr./edited by NN

RajHračiek has leased 5,300 sqm in Antracit Park Senec – a built-to-suit project developed by Antracit Property, part of Slovakian construction group HSF System.

Investment & finance

ROMANIA One United buys historic building

schedule 27 September 2021
Opr./edited by NN

One United Properties has bought an historic building at Strada Georges Clemenceau 2 in central Bucharest for EUR 4.9 mln.

Warehouse & industrial

CZECH REPUBLIC Cube to open plant in CTPark Cheb

schedule 24 September 2021
Opr./edited by NN

German bicycle manufacturer Cube is to open a 10,000 sqm production plant in CTPark Cheb in the far west of the country.

Warehouse & industrial

POLAND Uni-logistics leases in Panattoni Park Tricity East VI

schedule 24 September 2021
Opr./edited by NN

Polish freight company Uni-logistics has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI.

Office & mixed-use development

Poland Torus starts work on Punkt

schedule 23 September 2021

Construction work has begun in the Wrzeszcz district of Gdańsk on the Punkt office building.

Investment & finance

Poland LCP on spending spree

schedule 23 September 2021

The Pasaż Warmiński retail park in Lidzbark Warmiński has been purchased by LCP.

Investment & finance

Poland White Stone buys in Bielany

schedule 23 September 2021

White Stone has bought a second plot of land in the Huta Warszawa area of Warsaw’s Bielany district next to the Młociny metro station.

Investment & finance

POLAND Galeria Malta in Poznań changes hands

schedule 23 September 2021
Nathan North
deputy editor

The Galeria Malta shopping centre in Poznań has been sold by Sierra Balmain. The buyer and the transaction price have yet to be disclosed.

Property and Facility Management

POLAND JLL to fit out 13 CPI office buildings

schedule 23 September 2021
Opr./edited by NN

JLL has been chosen to manage the comprehensive fit-out projects for 13 office buildings owned by CPI in Warsaw with a combined area of 320,000 sqm gla.

Retail & leisure

SLOVAKIA Eperia second stage opens in Prešov

schedule 23 September 2021
Opr./edited by NN

JTRE is to open the second stage of the Eperia shopping centre in Prešov in eastern Slovakia today (September 23rd).

Warehouse & industrial

POLAND Panattoni takes Action in Bieruń

schedule 23 September 2021
Opr./edited by NN

Panattoni is completing a 60,800 sqm logistics centre in Bieruń in Upper Siliesia for retail chain Action.

Office & mixed-use development

Poland C&W take on Podolska 21

schedule 22 September 2021

Cushman & Wakefield has been appointed as an exclusive leasing agent and is to commercialise the 13,500 sqm Podolska 21 office building in Gdynia.

Warehouse & industrial

Poland Silesian warehouse boom

schedule 22 September 2021

Between Q3 2020 and the end of Q2 2021, 1.1 mln sqm of warehouse space was leased across Upper Silesia, with only the Warsaw region seeing more leasing activity, according to the latest figures from Axi Immo.

Green projects

World Skanska to be even greener

schedule 22 September 2021

Skanska has announced it will tackle its own greenhouse emissions more aggressively and cut its 2015 CO2 emissions by 70 pct by 2030.

Retail & leisure

Poland Retail centre development at full throttle

schedule 22 September 2021

This year around 209,000 sqm gla in retail parks is expected to come onto the market, according to the 'Retail parks and convenience centres in Poland' report published jointly by Trei and JLL.

Investment & finance

POLAND BentallGreenOak loaned EUR 90 mln for portfolio buy

schedule 21 September 2021
Nathan North
deputy editor

PBB Deutsche Pfandbriefbank has provided a EUR 90 mln investment loan and VAT facility to BentallGreenOak for the acquisition of a Polish warehouse portfolio.

Warehouse & industrial

ROMANIA Golden Fish wish granted in CTPark Bucharest North

schedule 21 September 2021
Opr./edited by NN

Romanian wholesale company Golden Fish has moved into its new 14,500 sqm facility in CTPark Bucharest North.

Latest in Investment & finance

schedule 28 September 2021

Futureal secures EUR 50 mln loan for Budapest One 3

Futureal has secured a loan of almost EUR 50 mln (app. HUF 17 bln) from Hungary-based MKB Bank to finance the third phase of its Budapest One office development.

schedule 27 September 2021

Globalworth sells five Warsaw buildings for EUR 123 mln

Globalworth has agreed to sell five Warsaw office buildings to 5th Corner for around EUR 123 mln.

schedule 27 September 2021

One United buys historic building

One United Properties has bought an historic building at Strada Georges Clemenceau 2 in central Bucharest for EUR 4.9 mln.

schedule 23 September 2021

LCP on spending spree

The Pasaż Warmiński retail park in Lidzbark Warmiński has been purchased by LCP.

schedule 23 September 2021

White Stone buys in Bielany

White Stone has bought a second plot of land in the Huta Warszawa area of Warsaw’s Bielany district next to the Młociny metro station.

schedule 23 September 2021

Galeria Malta in Poznań changes hands

The Galeria Malta shopping centre in Poznań has been sold by Sierra Balmain. The buyer and the transaction price have yet to be disclosed.

schedule 21 September 2021

BentallGreenOak loaned EUR 90 mln for portfolio buy

PBB Deutsche Pfandbriefbank has provided a EUR 90 mln investment loan and VAT facility to BentallGreenOak for the acquisition of a Polish warehouse portfolio.

schedule 20 September 2021

Segro raises EUR 500 mln in green bond issue

Segro has announced the launch and pricing of a ten-year, EUR 500 mln senior unsecured Green bond issue.

schedule 20 September 2021

EUR 200 mln refinancing for Accolade

ČSOB and Unicredit Bank have granted Accolade refinancing for its parks in the Czech Republic worth EUR 150 mln (CZK 3.8 bln). This follows the investor’s refinancing of its Polish portfolio last year for EUR 153 million. Additionally, Accolade has announced that financing worth EUR 54 mln has also been granted by Aareal Bank.

schedule 20 September 2021

EQT Exeter buys Tristar portfolio

EQT Exeter has acquired a portfolio of five Polish warehouse properties from Tristan Capital Partners’ EPISO 4 fund and White Star Real Estate for an undisclosed sum.

schedule 14 September 2021

Adventum to buy Sky Tower skyscraper

Adventum Group has signed a preliminary contract to buy all the shares owned by Develia in the Sky Tower office skyscraper in Wrocław for PLN 84.4 mln. The price will be reduced by the value of unsettled incentives for tenants, with the transaction set to be finalised by the end of this year.

schedule 13 September 2021

MNK Partners enters Hungary

French real estate investor MNK Partners has bought a building of the Kodolányi János University on Frangepán utca in Budapest XIII, just north of the city centre.

schedule 09 September 2021

Investum buys another Budapest office building

The Árpád Center office building in Budapest has been sold by ConvergenCE to local investor Investum for an undisclosed sum.

schedule 06 September 2021

Adventum picks up Marynarska Point 1

Adventum Group has bought the Marynarska Point 1 office building in Warsaw from Savills Investment Management for an undisclosed sum. The purchaser has also revealed that it is poised to acquire another Warsaw building.

schedule 03 September 2021

Eften buys four Riga buildings in largest deal to date

Eften has agreed to acquire the office section of the Jaunā Teika multi-functional district in Riga for its Eften Real Estate Fund 4 from its developer Hanner for EUR 131 mln – its largest acquisition to date.

schedule 02 September 2021

CA Immo sells Canada Square

CA Immo has sold the Canada Square office building in Budapest to Hungarian investor Investum.

schedule 01 September 2021

DL City Zgorzelec in Czech hands

DL Invest Group has finalised the sale of the DL City shopping centre in Zgorzelec in Lower Silesia to an undisclosed fund based in Prague. Although the value of the transaction has not been disclosed, Eurobuild has discovered that the return on equity of the transaction is 253 pct and the return on the investment comes to as much as 63 pct.

schedule 01 September 2021

Generali enters Polish logistics with 7R park purchase

Italian asset and fund manager Generali Real Estate has acquired 7R Park Gdańsk II in Gdańsk-Kowale on behalf of its pan-European Generali Real Estate Logistics Fund (GRELF) from Polish industrial developer 7R for an undisclosed sum.

schedule 01 September 2021

Garbe and Union fund buys first Slovak shed

Union Investment and Garbe have acquired the first logistics property in Slovakia for the German partnership’s UII Garbe Logistik Fonds investment fund.

schedule 30 August 2021

GLP enters partnership with AIA

Hong Kong-based life insurer AIA Group has formed a strategic partnership with industrial developer GLP to invest in the logistics real estate sector globally.

Categories