PL

ROMANIA Hili handover for Miro

Investment & finance
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.

The majority shareholding was acquired from the Belgian developer of the building, Speedwell. Hili Properties has also entered into an agreement for the acquisition of the remaining 25 pct stake from Speedwell in two years’ time.

Miro, which came into use late last year, is situated in Bucharest’s northern Băneasa district. The five-storey building comprises 23,000 sqm of leasable space along with a 1,700 sqm outdoor plaza. Tenants of the BREEAM ‘Excellent’ and WELL ‘Platinum’ certified building include KPMG, Rovere, COS, Eaton, Neoclinique, Speedwell, Stradale/Mitzu, Jura and HiSky. Speedwell is to remain as the property manager of the building.

This transaction once again proves that a quality asset always attracts a quality buyer, not least because it attracts high-quality tenants. We are very happy to have Hili Properties as our partner for Miro, knowing that our visions are aligned in properly managing, maintaining and further developing Miro as one of the key office locations in the Băneasa area.
Didier Balcaen, the CEO and co-founder of Speedwell

Speedwell was advised by Ţuca Zbârcea & Asociaţii for this transaction, and Hili Properties by Muşat şi Asociaţii, Deloitte and Colliers.

We are delighted to extend our portfolio in Romania with this prime asset. We look forward to collaborating with Speedwell on the management of Miro and increasing tenant satisfaction. Miro presents us with a solid, long-term investment and perfectly fits our strategy of building on the potential of assets for the benefit of our shareholders, tenants and the local community.
George Kakouras, the managing director of Hili Properties

The addition of Miro increases Hili Properties’ portfolio value from EUR 173.8 mln to EUR 234.2 mln and brings its total leasable area up to 119,092 sqm. The portfolio comprises shopping centres, private medical clinics, F&B properties, industrial real estate and office buildings in Malta, Latvia, Lithuania Estonia and Romania. The company is the strategic real estate investment subsidiary of Malta-registered Hili Ventures.

Latest news

Warehouse & industrial

HUNGARY HelloParks Páty on its way

schedule 05 October 2022
Opr./edited by NN

With the pillar installation ceremony, HelloParks has officially started the construction of the first, 58,000 sqm warehouse (PT1) of its Páty “megapark” on the western outskirts of Budapest. The big box facility is expected to be completed in summer 2023.

Property and Facility Management

POLAND Apleona takes over FM Solutions

schedule 05 October 2022
Opr./edited by NN

German facility management specialist Apleona has acquired Polish counterpart FM Solutions. The terms of the deal have not been disclosed.

Office & mixed-use development

POLAND Nowy Rynek E topped off

schedule 05 October 2022
Opr./edited by NN

The topping out ceremony has taken place for building E of the Nowy Rynek complex, which Skanska is developing in central Poznań.

Eurobuild FM

Warsaw / Munich Big business bei einem Weissbier (ep. 1)

schedule 05 October 2022
Eurobuild CEE

A special series of podcasts straight from EXPO Real! The latest comments and forecasts, as well as premiere projects – every morning exclusively at www.eurobuildcee.com!

Property and Facility Management

POLAND Savills acquires Knight Frank's PM business

schedule 04 October 2022
Opr./edited by NN

Savills has acquired Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills while its Polish PM portfolio has surpassed 1.2 mln sqm.

Office & mixed-use development

POLAND Greenberg Traurig makes Varso move

schedule 04 October 2022
Opr./edited by NN

Law firm Greenberg Traurig in Poland has moved into its new offices in Varso Tower in Warsaw city centre.

Office & mixed-use development

POLAND Skanska brings P180 into use

schedule 04 October 2022
Opr./edited by NN

Skanska has completed the P180 office building, which is located above Wilanowska metro station in Warsaw’s Mokotów district.

Warehouse & industrial

POLAND Bigger Hart in MLP Poznań West

schedule 04 October 2022
Opr./edited by NN

Polish logistics and freight forwarding services provider Hart Logistics has leased around 2,000 sqm of additional space at MLP Poznań West. Once the new space is delivered next June, it will occupy a total of almost 12,000 sqm.

Office & mixed-use development

Poland Cotton Warehouse in the making

schedule 04 October 2022
Opr./edited by JC

At the Expo Real fair, which is currently taking place in Munich, A&A Holding has just announced a new mixed-use development in Łódź – Magazyn Bawełny [Cotton Warehouse] in the Manufaktura complex. The project, which will involve the revitalisation of the former warehouse building, is expected to obtain BREEAM ‘Outstanding’ certification.

Office & mixed-use development

POLAND Red Tower gets the Memos

schedule 03 October 2022
Opr./edited by NN

Memos has opened a Cowork centre on the 12th floor of the Red Tower office building on ul. Piotrkowska in central Łódź.

Office & mixed-use development

POLAND Greener horizons for C&W

schedule 03 October 2022
Opr./edited by NN

Cushman & Wakefield has been appointed by Globalworth to be the exclusive agent of the Green Horizon office building in central Łódź.

Office & mixed-use development

POLAND Samsung R&D stays longer in Warsaw Spire

schedule 03 October 2022
Nathan North
deputy editor

Samsung R&D Institute Poland, the research and development department of Samsung Electronics Polska, is to remain a tenant of the building for a further five years.

Warehouse & industrial

POLAND GLP Warsaw III already full

schedule 03 October 2022
Opr./edited by NN

With the securing of two new tenants, GLP Warsaw III Logistics Centre in Kobyłka is now fully leased, only four months into its operation.

Office & mixed-use development

HUNGARY Budapest One 2,3 almost done

schedule 30 September 2022
Nathan North
deputy editor

Futureal has obtained occupancy permits for the second and third phases of the Budapest One office development as the construction work approaches completion.

Green projects

ROMANIA Outstanding in the Clubhaus

schedule 30 September 2022
Opr./edited by NN

Czech developer CTP has obtained the first BREEAM ‘Outstanding’ certification – the highest possible level – of its Romanian portfolio for the Clubhaus multifunctional building, part of the CTPark Bucharest West industrial park.

Retail & leisure

HUNGARY Multi modernisation complete for Allee

schedule 30 September 2022
Opr./edited by NN

Multi Corporation has completed the EUR 18 mln refurbishment of the Allee shopping centre, which it manages in Budapest.

Warehouse & industrial

POLAND Shiny new shed for Solaris

schedule 30 September 2022
Opr./edited by NN

Panattoni has completed a 10,000 sqm warehouse building for Solaris Bus & Coach in Bolechowo, north of Poznań.

Investment & finance

POLAND Macquarie lends EUR 123 mln to DL Invest

schedule 30 September 2022
Nathan North
deputy editor

Macquarie Capital has provided Polish developer and investor DL Invest Group with a EUR 123.4 mln loan to finance the further growth of its portfolio.

Office & mixed-use development

SLOVAKIA Klingerka offices bought by Erste fund

schedule 30 September 2022
Nathan North
deputy editor

J&T Real Estate has sold for an undisclosed sum the Klingerka office building in Bratislava to Erste Realitná Renta, a fund managed by Austrian group Erste’s local subsidiary Asset Management Slovenskej sporiteľne.

Warehouse & industrial

SLOVAKIA GLP plans Bratislava Airport project

schedule 29 September 2022
Opr./edited by NN

Industrial developer GLP has announced that it is planning to build a complex in the Pharos industrial zone near Bratislava Airport. GLP Bratislava Business Zone [Obchodná zóna GLP Bratislava] will consist of five single-storey, low-energy buildings.

Latest in Investment & finance

schedule 30 September 2022

Macquarie lends EUR 123 mln to DL Invest

Macquarie Capital has provided Polish developer and investor DL Invest Group with a EUR 123.4 mln loan to finance the further growth of its portfolio.

schedule 28 September 2022

S Immo to take over CPI and Immofinanz Budapest offices

S Immo has signed a letter of intent with Hungarian subsidiaries of CPI Property Group and Immofinanz to acquire a portfolio of 15 office properties in Budapest with a total leasable area of almost 250,000 sqm.

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.

Categories