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CZECH REPUBLIC Corso Karlín caught by Nemo

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

The four-storey building in Prague’s Karlín district is the reconstruction of a former tin factory hall built in 1890 that was part of the erstwhile ČKD engineering complex. In 2000 it was converted into an office building (as part of the Nový Karlín plan to revitalise the entire area), according to a design by Ricardo Bofill Levi and Jean Pierre Carniaux.

Corso Karlín now offers 9,340 sqm of leasable space and 148 parking spaces. It is fully-leased, with the largest tenants being Quantcom, Euro-Center Prague and Icon Communication Centres.

Revetas Capital sold the property to Nemo, along with the neighbouring Apeiron (12,000 sqm) and Zirkon (11,000 sqm) office buildings (the ‘Project Papa’ portfolio), in a deal that was reported on by ‘Eurobuild CEE’ last November.

The Nemo fund is managed by Českomoravská Nemovitostní (ČNM), which specialises mainly in office projects in Prague.

Corso Karlín is a premium project that meets all the criteria required by the Nemo fund as part of its investment strategy. The building is adapted to modern standards, it is located in a sought-after location in Karlín and of course it is fully occupied. Investing in real estate funds is nowadays one of the most sought-after investment instruments thanks to clauses that help protect investors against inflation.
Josef Eim, the vice-chairman of the board of directors of ČMN

Following the completion of the acquisition of Corso Karlín, the total value of Nemo’s portfolio exceeds CZK 3 bln (app. EUR 155 mln), while the area of commercial space it owns comes to almost 40,000 sqm.

Latest news

Warehouse & industrial

POLAND DTA (almost) doubles up with MLP in Pruszków

schedule 27 September 2022
Opr./edited by NN

Contract logistics, customs and shipment specialist DTA Group is to almost double the space it leases from MLP in Pruszków on the western outskirts of Warsaw to almost 7,000 sqm.

Warehouse & industrial

POLAND Four still fine in P3 Poznań

schedule 27 September 2022
Opr./edited by NN

Westwing, PF Logo Express, CEVA Logistics, and British American Tobacco have all decided to extend leases in the P3 Poznań logistics park – a combined area of 94,400 sqm.

Retail & leisure

POLAND Stop Shop comes to Zielona Góra

schedule 27 September 2022
Opr./edited by NN

Immofinanz has opened its eleventh Stop Shop strip mall in Poland – in Zielona Góra.

Warehouse & industrial

POLAND Panattoni to build Reynaers plant near Grodzisk

schedule 27 September 2022
Opr./edited by NN

Panattoni is developing a 29,000 sqm plant for Belgian manufacturer Reynaers Aluminium in Żaba Wola near Grodzisk Mazowiecki.

Office & mixed-use development

POLAND Liebrecht & Wood to revitalise Praga again

schedule 26 September 2022
Nathan North
deputy editor

Liebrecht & Wood has started preparing its latest project in Warsaw’s Praga-Północ district – Drucianka Campus, which will involve the revitalisation of the Drucianka wire, pin and nail factory.

Retail & leisure

ROMANIA Scallier polishes off Turda park

schedule 26 September 2022
Opr./edited by NN

Polish developer Scallier has opened a retail park with a leasable area of 9,000 sqm in Turda in northern Romania – the fourth location for the company in the country.

Warehouse & industrial

CZECH REPUBLIC Panattoni completes huge Moravian Amazon centre

schedule 26 September 2022
Nathan North
deputy editor

Panattoni has handed over a 187,000 sqm fulfilment centre to Amazon in Kojetín (Olomouc region) in Moravia.

Office & mixed-use development

POLAND Lawyers lease more in North Gate

schedule 23 September 2022
Opr./edited by NN

Law firm JDP is increasing the area of its offices in the North Gate building in Warsaw to around 1,600 sqm.

Warehouse & industrial

POLAND Panattoni puts the lid on fifth Zalando centre

schedule 23 September 2022
Opr./edited by NN

The roofing ceremony has taken place for online fashion retailer Zalando’s 140,000 sqm fulfilment centre in Bydgoszcz., which is being developed by Panattoni.

Green projects

POLAND Well renewal for Spark C

schedule 23 September 2022
Opr./edited by NN

The fifth floor of the Spark C building in Warsaw, which houses the head office of the Skanska’s commercial development business unit in the CEE region, has just been obtained a renewal of its Well Commercial Interior certificate. This is the first such recertification in Poland and the CEE region, and the second in Europe.

Eurobuild Awards

Poland The Eurobuild Gala is almost upon us!

schedule 23 September 2022
Eurobuild CEE

The Eurobuild Awards 2022 Gala is almost upon us! Almost 900 people will be present at the largest celebration of the year of the real estate market. They will all be crossng the threshold of the Double Tree by Hilton hotel ballroom on Tuesday, September 27th.

Warehouse & industrial

POLAND More pet love from Fera in Prologis Wrocław

schedule 22 September 2022
Opr./edited by NN

Online pet store Fera.pl has renewed and expanded its lease to 9,100 sqm of warehouse and office space in Prologis Park Wrocław.

Investment & finance

ROMANIA Iulius granted biggest ever real estate loan

schedule 22 September 2022
Nathan North
deputy editor

Romanian developer Iulius has obtained a EUR 410 mln real estate loan – the largest ever granted in the country’s history.

Warehouse & industrial

POLAND Uniq doubling of space in MLP parks

schedule 22 September 2022
Opr./edited by NN

Polish logistics operator Uniq Logistic has signed leases for 20,500 sqm of additional space in MLP Pruszków II and MLP Łódź, bringing the total area it occupies in the two parks up to almost 44,000 sqm.

Investment & finance

POLAND Generali buys MDC2 Kraków South

schedule 21 September 2022
Nathan North
deputy editor

Italian investor Generali Real Estate has completed the acquisition of MDC2 Park Kraków South, which has a planned area of more than 90,000 sqm gla, for an undisclosed sum.

Investment & finance

CENTRAL EUROPE S Immo to sell to reinvest in CPI offices in Hungary

schedule 21 September 2022
Nathan North
deputy editor

S Immo has announced details of the change in its strategy following its recent takeover by CPI Property Group. This will involve the sell-off of its German residential properties.

Warehouse & industrial

POLAND Work begins on Hager plant in Bieruń

schedule 21 September 2022
Opr./edited by NN

Panattoni has begun the construction work on a 21,000 sqm production plant in Bieruń for Hager Group, a German manufacturer of electrical products for industry and real estate.

Warehouse & industrial

HUNGARY Wing adds to Airport City Business Park

schedule 21 September 2022
Opr./edited by NN

Hungarian developer Wing has completed the 6,000 sqm hall ‘I’ at Airport City Business Park, close to Budapest’s Liszt Ferenc Airport.

Retail & leisure

CEE REGION Immofinanz acquires CPI retail portfolio for EUR 324 mln

schedule 20 September 2022
Nathan North
deputy editor

Immofinanz has acquired 53 retail properties with app. 217,000 sqm of leasable space in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group for EUR 324.2 mln.

Office & mixed-use development

SERBIA Tenderly touched by GTC X

schedule 20 September 2022
Opr./edited by NN

Serbian software company Tenderly has pre-leased 3,400 sqm of office space in the GTC X building in Belgrade, which is due to come into use in Q3 2022.

Latest in Investment & finance

schedule 22 September 2022

Iulius granted biggest ever real estate loan

Romanian developer Iulius has obtained a EUR 410 mln real estate loan – the largest ever granted in the country’s history.

schedule 21 September 2022

Generali buys MDC2 Kraków South

Italian investor Generali Real Estate has completed the acquisition of MDC2 Park Kraków South, which has a planned area of more than 90,000 sqm gla, for an undisclosed sum.

schedule 21 September 2022

S Immo to sell to reinvest in CPI offices in Hungary

S Immo has announced details of the change in its strategy following its recent takeover by CPI Property Group. This will involve the sell-off of its German residential properties.

schedule 19 September 2022

Accolade adds four parks to fund

Four warehousing parks – three in Poland and one in the Czech Republic – have been added to the portfolio of the Accolade Industrial Fund.

schedule 16 September 2022

Panattoni sells TEDi Stargard centre for EUR 53 mln

Panattoni has sold a BTS development project in Stargard in northwestern Poland to a Dortmund-based investor for EUR 53 mln.

schedule 15 September 2022

Prologis acquires million sqm from Crossbay

Prologis has acquired a warehouse portfolio across Europe of 1.14 mln sqm from Crossbay for EUR 1.585 bln – including a logistics park in Łódź – in one of the largest transactions in the sector this year.

schedule 06 September 2022

Passerinvest buys back Gamma

Czech developer and investor Passerinvest has re-acquired the Gamma building in the Brumlovka office park in Michle (Prague 4) from Austrian real estate group Immofinanz.

schedule 29 August 2022

Orpea changes tack to sell Polish projects

French long-term care and rehabilitation operator Orpea Group has decided to changes in its investment strategy in Poland and sell six of its projects in the country's largest cities.

schedule 29 August 2022

First Property sells Tureni centre back to Teconnex

London-based fund manager and investor First Property Group has sold its warehousing property in Tureni near Cluj-Napoca to its main tenant Teconnex for EUR 3.6 mln.

schedule 26 August 2022

Zeitgeist receives EUR 113 mln refinancing loan

Česká spořitelna, the Czech subsidiary of Vienna-based Erste Bank, has provided a EUR 113 mln (CZK 2.7 bln) refinancing loan for the Czech real estate portfolio managed by Zeitgeist Asset Management.

schedule 24 August 2022

DIG takeover done and dusted for CTP

Czech industrial developer CTP has announced that it now holds a 100 pct stake in German company Deutsche Industrie Grundbesitz AG, which has now ceased to exist as an entity.

schedule 24 August 2022

Cavatina seals office portfolio sale to Lone Star

Cavatina Holding has finalised the sale of Carbon Tower in Wrocław as well as Ocean Office Park A and Tischnera Office in Kraków to affiliates of Lone Star Funds for more than EUR 139 mln.

schedule 22 August 2022

Corwin sells Blumental in Bratislava

Slovak developer Corwin has sold the Blumental office building in Bratislava to ZFP realitní fond managed by ZFP Investments for an undisclosed sum.

schedule 22 August 2022

GTC exits the Matrix (A&B)

Globe Trade Centre has agreed to sell its Matrix A and B office buildings in Zagreb to an undisclosed local real estate group.

schedule 19 August 2022

First Property takes control of Blue Tower

First Property Group has acquired another 7,171 sqm (or 32.1 pct) of Blue Tower in Warsaw city centre, bringing its ownership of the property up to 80.3 pct (17,937 sqm).

schedule 18 August 2022

CPI seals S Immo takeover

Prague-based CPI Property Group has completed the first stage of its takeover bid for Austrian counterpart S Immo, by securing a majority stake of 79.2 pct of its share capital and 82.67 pct of its voting rights.

schedule 16 August 2022

Elite acquires Jysk hall in Radomsko

Elite Partners has acquired a warehouse building in Radomsko in the southern part of central Poland for almost EUR 30 mln.

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.

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