PL

EUROPE CBRE GI secures EUR 200 mln from Koreans

Investment & finance
CBRE Global Investors has secured an additional EUR 200 mln commitment from South Korea’s Public Officials Benefit Association (POBA) to build a diversified European real estate portfolio.

After leverage, this equity commitment provides additional investment capacity in excess of EUR 400 mln.

Our mandate from POBA is the first discretionary separate account for direct real estate investments in Europe from a South Korean institutional investor, which gives us the unique ability to deploy capital quickly on their behalf, with certainty of execution. Expanding our investment focus to include other sectors, we are actively seeking investments to build a well-diversified portfolio producing secure cashflow for our client and its members.
Je wook Joung, the portfolio manager at CBRE Global Investors

POBA first awarded CBRE GI and IGIS Asset Management a mandate to invest in European real estate in 2016, and this latest round of equity represents the third tranche of capital committed to the separate account. Initially established with a focus on offices, the mandate has been expanded to include residential, logistics and alternative sectors such as healthcare (life sciences) and data centres, as well as listed real estate securities.

Latest news

Office & mixed-use development

POLAND Franke goes to Myhive

schedule 09 August 2022
Opr./edited by NN

Swiss kitchen fitting and design conglomerate Franke Group is to move its European shared services centre to the Myhive Nimbus office building in Warsaw, where it has leased 1,500 sqm.

Material partner

Poland New ESG Report – Atrium

schedule 02 August 2022
Eurobuild CEE

Atrium European Real Estate has published its 6th ESG report summarising the company's achievements in 2021. The report details the key initiatives involved in the implementation of the its ESG strategy. The company has set new and even more ambitious medium-term targets for 2030, which include a 40 pct reduction in the carbon footprint of its shopping centres by 2030, compared to 2019 levels. By 2050, Atrium wants to have become a carbon-neutral organisation.

Office & mixed-use development

POLAND Newmark moves to Centrum Marszałkowska

schedule 09 August 2022
Opr./edited by NN

Commercial real estate advisory Newmark Polska has relocated its Warsaw headquarters to Centrum Marszałkowska in the centre of the city.

Investment & finance

ROMANIA Hili handover for Miro

schedule 09 August 2022
Nathan North
deputy editor

Hili Properties has acquired, for around EUR 50 mln, a 75 pct stake in Băneasa Real Estate SRL, the special purpose vehicle that owns the Miro office building in Bucharest.

Events

POLAND The tournament where everyone was a winner

schedule 09 August 2022
Eurobuild CEE

JLL’s 11th Real Estate Charity Beach Volleyball Tournament brought together 54 teams and around 2,500 guests, while more than PLN 750,000 was raised in the charity auction for the Polish Humanitarian Action and Women's Rights Centre Foundation.

Office & mixed-use development

POLAND Warsaw office vacancy continues to slide – C&W

schedule 08 August 2022
Opr./edited by NN

Warsaw’s total office stock reached app. 6.27 mln sqm at the end of H1 2022, with occupier activity accelerating while vacancy continued its downward trend – according to Cushman & Wakefield.

Investment & finance

ROMANIA One United raises EUR 51.5 mln on BVB

schedule 08 August 2022
Opr./edited by NN

Romanian developer One United Properties has raised EUR 51.5 mln in what the company claims is the largest ever capital increase from a share issue of a company listed on the Bucharest Stock Exchange (BVB).

Investment & finance

ROMANIA CA Immo begins Romanian sell-off

schedule 08 August 2022
Nathan North
deputy editor

Austrian real estate investor CA Immo has officially announced that it is selling its office portfolio in Romania.

Office & mixed-use development

POLAND Kraków tops provincial office leasing league

schedule 05 August 2022
Opr./edited by NN

The leasing activity in the Kraków office market reached 109,000 sqm In H2 2022 – more than any other Polish regional city, equivalent to 70 pct of 2021’s total and representing a 44 pct y-o-y increase, according to Savills.

Investment & finance

POLAND Pbb loans EUR 120 mln to EQT in Poland

schedule 05 August 2022
Opr./edited by NN

Pbb Deutsche Pfandbriefbank has provided a EUR 120 mln refinancing loan to EQT Exeter for its Polish logistics portfolio.

Investment & finance

CEE REGION CEE investment up 33 pct in H2 – C&W

schedule 05 August 2022
Opr./edited by NN

In H1 2022, the total CEE commercial real estate investment volume reached EUR 5.5 bln – an increase of 32.8 pct y-o-y, according to Cushman & Wakefield.

Warehouse & industrial

ROMANIA DPD continues growth in VGP Arad

schedule 05 August 2022
Opr./edited by NN

French courier firm DPD has leased 3,500 sqm of warehouse space in VGP Park Arad in Transylvania.

Warehouse & industrial

POLAND Cinno fills BIK Wroclaw II

schedule 04 August 2022
Opr./edited by NN

Cinno Poland has leased 5,260 sqm in BIK Wroclaw II – the last of the remaining space in the park, which is now close to completion.

Warehouse & industrial

POLAND Panattoni almost triples hygiene plant

schedule 04 August 2022
Opr./edited by NN

Panattoni has completed the 43,000 sqm expansion of a plant in the Łódź region for a European hygiene products manufacturer, bringing the total area up to 70,000 sqm.

Office & mixed-use development

POLAND Euro-net takes in more in The Park

schedule 04 August 2022
Opr./edited by NN

Euro-net, the owner of the RTV Euro AGD electronic goods store network, is to move its headquarters into ninth building of The Park Warsaw in mid-2023, occupying 80 pct of its total area.

Investment & finance

POLAND Macquarie AM acquires 7R complex and loan

schedule 04 August 2022
Nathan North
deputy editor

Macquarie Asset Management has acquired 7R City Flex Warsaw Airport I for around EUR 29 mln. The warehousing and logistics complex includes three buildings comprising 15,900 sqm and is fully leased.

Eurobuild Awards

Poland Shh, the jury is in session!

schedule 04 August 2022
Eurobuild CEE

On August 1st this year, the nominations for the Eurobuild Awards 2022 were announced. Due to the recent pandemic, this year’s competition recognises achievements over a longer period than the usual twelve months. This time, companies, projects and individuals are to be judged for their achievements over the last 20 months.

Warehouse & industrial

POLAND P3 buys fourth plot in southern Poland

schedule 03 August 2022
Opr./edited by NN

Prague-based P3 Logistic Parks has purchased a plot of more than 22 ha in Dębieńsko in Silesia, about 35 km southwest of Katowice, for the development of almost 110,000 sqm of warehousing.

Investment & finance

POLAND REICO buys battery plant in Gniezno

schedule 03 August 2022
Opr./edited by NN

REICO ČS Long Lease, managed by Czech real estate investment group REICO IS ČS, has acquired the APS consumer battery manufacturing centre in Gniezno in a sale-leaseback deal for app. CZK 511 mln (PLN 97.4 mln or EUR 20.4 mln).

Property and Facility Management

POLAND Savills to manage Widok Towers

schedule 03 August 2022
Opr./edited by NN

Savills has been appointed as property manager for Widok Towers in Warsaw city centre.

Latest in Investment & finance

schedule 09 August 2022

Hili handover for Miro

Hili Properties has acquired, for around EUR 50 mln, a 75 pct stake in Băneasa Real Estate SRL, the special purpose vehicle that owns the Miro office building in Bucharest.

schedule 08 August 2022

One United raises EUR 51.5 mln on BVB

Romanian developer One United Properties has raised EUR 51.5 mln in what the company claims is the largest ever capital increase from a share issue of a company listed on the Bucharest Stock Exchange (BVB).

schedule 08 August 2022

CA Immo begins Romanian sell-off

Austrian real estate investor CA Immo has officially announced that it is selling its office portfolio in Romania.

schedule 05 August 2022

Pbb loans EUR 120 mln to EQT in Poland

Pbb Deutsche Pfandbriefbank has provided a EUR 120 mln refinancing loan to EQT Exeter for its Polish logistics portfolio.

schedule 05 August 2022

CEE investment up 33 pct in H2 – C&W

In H1 2022, the total CEE commercial real estate investment volume reached EUR 5.5 bln – an increase of 32.8 pct y-o-y, according to Cushman & Wakefield.

schedule 04 August 2022

Macquarie AM acquires 7R complex and loan

Macquarie Asset Management has acquired 7R City Flex Warsaw Airport I for around EUR 29 mln. The warehousing and logistics complex includes three buildings comprising 15,900 sqm and is fully leased.

schedule 03 August 2022

REICO buys battery plant in Gniezno

REICO ČS Long Lease, managed by Czech real estate investment group REICO IS ČS, has acquired the APS consumer battery manufacturing centre in Gniezno in a sale-leaseback deal for app. CZK 511 mln (PLN 97.4 mln or EUR 20.4 mln).

schedule 01 August 2022

S Immo recommends CPI takeover

The management and supervisory boards of Austrian real estate developer S Immo have officially recommended to the company’s shareholders that they accept the takeover offer of Prague-based CPI Property Group.

schedule 29 July 2022

Two Panattoni parks change hands

Panattoni has sold two of its Polish logistics parks to a North American private equity investor for an undisclosed sum.

schedule 29 July 2022

One United buys First Bank HQ for EUR 28 mln

One United Properties has acquired the headquarter building of First Bank in Bucharest for around EUR 28 mln.

schedule 28 July 2022

Cascade sold for EUR 10 mln

GTC has sold the Cascade Office Building in Bucharest to Hungarian real estate investor Crown Holding for EUR 10.1 mln.

schedule 27 July 2022

Wood & Company buys Green Point

A sub-fund of Wood & Company has acquired the Green Point in Prague’s Smíchov district for an undisclosed sum. The building, which has 7,500 sqm of leasable office space, is the tenth office building and the third in Prague to be added to the sub-fund’s portfolio.

schedule 18 July 2022

CPI makes its move for S Immo

Czech real estate company CPI Property Group has published its offer document for the mandatory takeover of Austrian group S Immo.

schedule 15 July 2022

Corso Karlín caught by Nemo

The Nemo real estate fund has finalised the purchase of the Corso Karlín office building in Prague 8 from Revetas Capital Advisors.

schedule 14 July 2022

Historic buy for Wing

Hungarian developer Wing has acquired two historic office buildings in central Budapest for an undisclosed sum from Teichmann & Compagnons, acting on behalf of the properties’ American owners.

schedule 13 July 2022

First closing of Garbe fund raises EUR 400 mln

German warehousing investor and developer Garbe Industrial Real Estate has raised EUR 400 mln in equity from investors for its Garbe Logistics Real Estate Fund Plus III investment fund.

schedule 12 July 2022

Echo Investment issues PLN 40 mln of bonds

Polish developer Echo Investment has issued PLN 40 mln of N-series bonds to individual investors. The reduction rate is 37 pct and the interest rate comes to 4 pct above WIBOR 6M.

schedule 11 July 2022

Peakside completes EUR 160 mln portfolio disposal

German investment manager Peakside Capital Advisors has completed the disposal of a 240,000 sqm portfolio in the CEE region for more than EUR 160 mln.

schedule 07 July 2022

Warimpex takes the Red Tower

Warimpex Group has acquired Red Tower in Łódź from Octa RT for an undisclosed sum. The property is situated on the city’s main thoroughfare, ul. Piotrkowska, and is one of its tallest office buildings.

schedule 05 July 2022

Panattoni sells five parks for EUR 160 mln

Panattoni has finalised the sale of five fully-leased logistics parks in Poland to an undisclosed North American real estate investment manager for EUR 160 mln.

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