PL

Europe Garbe sets up European residential fund

Residential
Garbe Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume of around EUR 800 mln.

The investment focus of the German open-ended alternative investment fund is on Germany, the Netherlands, France, the UK as well as in the cities of Prague and Warsaw. The target equity volume of the core fund is between EUR 400 mln and EUR 500 mln and the maximum debt ratio is 50 pct.

Compared to equities or bonds, European residential markets show stable returns. Our fund will focus on markets with long-term rising income and rental development to grow our cash flows and distribution yields. For asset allocation, we rely on our in-house research and a local presence in our target markets.
Andreas Höfner, Head of Strategy at GARBE Institutional Capital

Latest news

Green projects

POLAND Hala Koszyki upgraded to ‘Excellent’

schedule 21 January 2022
Nathan North
deputy editor

The food hall of Hala Koszyki in Warsaw has been upgraded to a BREEAM ‘Excellent’ certificate.

Office & mixed-use development

POLAND Warsaw Unit banishes barriers

schedule 21 January 2022
Opr./edited by NN

The Warsaw Unit office tower has been awarded a Building Without Barriers certificate by the Integration Foundation.

Investment & finance

POLAND West 4 Business Hub I sold for EUR 40 mln

schedule 21 January 2022
Nathan North
deputy editor

The 15,500 sqm West 4 Business Hub I office building in Wrocław has been sold by Echo Investment to Solida Capital for almost EUR 40 mln.

Office & mixed-use development

CZECH REPUBLIC Largest VR centre opens in BB Centrum

schedule 21 January 2022
Opr./edited by NN

Avatar VR Park, the largest virtual and augmented reality centre in the Czech Republic, has opened in the BB Centrum office park in Prague.

Green projects

Poland Well health and safety awarded to Nowy Rynek buiding D

schedule 20 January 2022

Building D of the Nowy Rynek office complex in Poznań has been awarded a WELL Health-Safety Rating certificate.

Residential

Slovakia Klingerka building completed

schedule 20 January 2022

Developer J&T Real Estate completed the construction of Bratislava’s tallest residential building.

Events

Poland Paulina needs YOUR help

schedule 20 January 2022
Eurobuild CEE

For several years now, on each of her birthdays, Paulina Krasnopolska has organised a fundraiser for the Alivia Foundation, which is dedicated to the fight against cancer. Today Paulina needs help herself.

Investment & finance

HUNGARY Newmark takes in VLK

schedule 20 January 2022
Nathan North
deputy editor

New York-based consultancy Newmark has entered into a strategic partnership with Budapest-based VLK Consulting, which has now become Newmark VLK Hungary.

Warehouse & industrial

POLAND MLP to add three big boxes in Poznań West

schedule 20 January 2022
Opr./edited by NN

MLP Group has started the construction of three big-box warehouses with a total area of more than 90,000 sqm at MLP Poznań West.

Warehouse & industrial

CZECH REPUBLIC CTP expands Brno-Líšeň park

schedule 19 January 2022
Opr./edited by NN

Czech industrial developer CTP has added 69,000 sqm of buildings and development land to CTPark Brno Líšeň as part of its EUR 125 mln investment in the former brownfield site.

Warehouse & industrial

POLAND LPP takes 70k in Panattoni Rzeszów North

schedule 19 January 2022
Nathan North
deputy editor

Polish fashion retail group LPP has leased 69,000 sqm in Panattoni Park Rzeszów North in south-east Poland. With this lease, Panattoni is currently preparing 133,000 sqm of warehousing space for the company.

Office & mixed-use development

POLAND Infinity takes shape in Wrocław

schedule 19 January 2022
Opr./edited by NN

General contractor Eiffage Polska Budownictwo has completed the foundation plate of the Infinity office building in Wrocław.

Office & mixed-use development

Poland Pratia to open medical centre in Ocean Office Park

schedule 18 January 2022

Pratia is to open a medical centre in the Ocean Office Park in Kraków developed by Cavatina Holding.

Architecture and urban planning

Romania/Poland Globalworth extends student competition

schedule 18 January 2022

Globalworth Foundation and the Igloo – Habitat and Architecture Association have extended the deadline extension for the ‘2031 NOW_our cities in 10 years’ student competition to February 1st 2022.

Investment & finance

Europe CPI links bonds to performance on green goals

schedule 18 January 2022

CPI Property Group has issued sustainability-linked bonds worth EUR 700 mln with an annual coupon of 1.75 pct and a maturity date of 14th January 2030.

Warehouse & industrial

POLAND Fortress REIT invests in MDC2 Park Łódź South

schedule 18 January 2022
Nathan North
deputy editor

Polish industrial developer MDC2 has announced an agreement with South African-based Fortress REIT Limited for the development of MDC2 Park Łódź South.

Office & mixed-use development

ROMANIA One Cotroceni Park phase I makes its bow

schedule 18 January 2022
Opr./edited by NN

One United Properties has completed the first building of its large-scale One Cotroceni Park mixed-use development in Bucharest’s central Cotroceni district.

Architecture and urban planning

CZECH REPUBLIC Penta to work with PSN on Transgas replacement

schedule 18 January 2022
Nathan North
deputy editor

Penta Real Estate is to work together with developer PSN on the project that is to replace the former Transgas building in Prague’s Vinohrady district.

Office & mixed-use development

Poland FitFabric to take up entire building in Wima complex

schedule 17 January 2022

FitFabric is to open a fitness club in the WIMA Widzewska Manufaktura mixed-use complex under development by Cavatina Holding on al. Piłsudskiego in Łódź.

Warehouse & industrial

Poland Stokrotka to open in Bydgoszcz

schedule 17 January 2022

The Stokrotka grocery chain has leased almost 3,000 sqm including 125 sqm of office space in 7R Park Bydgoszcz I.

Latest in Residential

schedule 20 January 2022

Klingerka building completed

Developer J&T Real Estate completed the construction of Bratislava’s tallest residential building.

schedule 11 January 2022

Echo Investment residential sales up by 16 pct

Echo Investment has reported 3,000 apartment sales over 2021 up by 16 pct y-o-y.

schedule 30 December 2021

Garbe sets up European residential fund

Garbe Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume of around EUR 800 mln.

schedule 27 December 2021

TAG buys Robyg for PLN 2.5 bln

German real estate company TAG Immobilien has provisionally acquired Polish residential developer Robyg for an estimated PLN 2.5 bln.

schedule 30 November 2021

CTP opens Domeq II and III

Czech industrial developer has continued its foray into the residential market with the opening of Domeq II and III in Brno, designed for young professionals and families

schedule 09 November 2021

Housing market tightens

The residential market’s third-quarter performance was markedly weaker than the first six months of 2021, both in terms of sales and new supply, according to the Residential Market in Poland - Q3 2021 report by JLL.

schedule 08 November 2021

Smartti gets started

Danish investor NREP and Finnish developer YIT have laid the foundation stone for the Smartti Mokotów PRS development in Warsaw.

schedule 28 October 2021

You too can live in the White House

The final apartments are being handed over for the White House [Biały Dom] development by Kompania Domowa in Warsaw’s Białołęka district.

schedule 06 October 2021

Atrium buys first resi-for-rent projects – in Poland

Atrium European Real Estate has announced that it has signed its first two residential transactions, for two properties with around 650 apartments for rent in Warsaw and Kraków – for a combined EUR 53 mln.

schedule 20 September 2021

Spravia starts PRS work for Heimstaden

Spravia (formerly known as Budimex Nieruchomości) has started construction work on two, new stages of its Mińska 69 housing estate in Warsaw.

schedule 02 September 2021

AFI enters Polish PRS

AFI Europe has purchased 132 finished apartments for private rentals from Atal in the Bagry Park Lokale Inwestycyjne residential development at ul. Bagrowa 6 in Kraków.

schedule 25 August 2021

Robyg on spending spree

Robyg is starting a new project in Warsaw’s Wilanów district and has already completed the purchase of the 11.9 ha site for PLN 263.2 mln.

schedule 17 August 2021

Marvipol buys Ochota plot for EUR 20 mln

Marvipol Development has bought a 0.6 ha plot in Warsaw's Ochota district from Capital Park for EUR 20 mln.

schedule 06 August 2021

Malta project building completed

The second building of Murapol’s Malta project on ul. W. Dymka in Poznań has been granted an occupancy certificate.

schedule 03 August 2021

PRS still nascent

In 2019, the highest overcrowding rates (based on the availability of rooms per person and the average size of household) were in Romania (45.8 pct), Latvia (42.2 pct) and Bulgaria (41.1 pct), and the lowest in Cyprus (2.2 pct), according to the ‘The Private Rental Sector: Has it found a home in CEE?’ study published by Colliers Greenberg Traurig and Kinstellar.

schedule 14 July 2021

Czech and Poland leading the way to PRS

Poland and the Czech Republic lead the way in the development of the PRS market in the CEE region, according to ‘The Private Rental Sector: Has it found a home in the CEE?' report published by Colliers in collaboration with Greenberg Traurig and Kinstellar.

schedule 07 July 2021

Echo with 907 apartment sales

In the first half of 2021, Echo Investment sold 907 apartments, improving its sales by almost 40 pct on the same period last year.

schedule 05 July 2021

Home rentals bigger than expected

Polish people are increasingly choosing to rent because home prices have reached sky-high levels, claims Cushman & Wakefield based on a survey by SW Research.

schedule 01 July 2021

Echo Investment to develop Boho

Echo Investment is to deliver two six-storey residential building on ul. Wodna in Łódź.

schedule 28 June 2021

Trei starts on two projects

Trei Real Estate has recently launched two residential projects.

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