PL

Romania K+K Elisabeta bought for Peakture

Investment & finance
Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.

Opened in 2006 by the Austrian-based Koller brothers, the hotel had been owned since 2019 by InterGlobe, an Indian conglomerate active in the aviation, hospitality, and tourism sectors. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company.

Located between Piata Universitatii and Piata Rosetti, the hotel has a 4-star classification with 67 rooms, as well as a bar, a restaurant with breakfast facilities, meeting rooms and a fitness area.

InterGlobe was assisted in this transaction by Cushman & Wakefield, along with the Wolf Theiss law firm and the Vitalis Consulting project management firm (TDD vendor). The buyer was assisted by Vulpoi & Toader Management, Carmen Călin and Alexandru Mnohoghitnei.

Latest news

Residential

Czech Republic Affordable housing project in Prague

schedule 07 June 2023
Opr./edited by ANZ

Wolf Theiss Prague's real estate team successfully advised Sekyra Group in connection with the forward sale of residential project Opatov II to Dostupné bydlení České spořitelny and Kooperativa pojišťovna, Vienna Insurance Group as buyers.

Warehouse & industrial

CZECH REPUBLIC Packed into Pardubice hall

schedule 07 June 2023
Opr./edited by NN

Packaging producer Ire-Tex Praha has signed a five-year lease for a 7,500 sqm production hall in the Fáblovka industrial zone in Pardubice.

Office & mixed-use development

HUNGARY Lightware alights in Hungária

schedule 07 June 2023
Opr./edited by NN

Audio visual equipment supplier Lightware has leased 7,000 sqm in Hungária Office Park in Budapest for its new headquarters.

Events

Poland Save the date!

schedule 06 June 2023
Opr./edited by ANZ

It's that time of year when it is once again our great pleasure to invite you to the longest-running and most prestigious conference on the Polish office real estate market.

Warehouse & industrial

Poland Ekonip chooses a warehouse in Mszczonów

schedule 06 June 2023
Opr./edited by JC

Ekonip Logistics, a company specializing in logistics services for hazardous materials, has decided to lease 9,200 sqm of warehouse and office space at the Logicor logistics park in Mszczonów.

Warehouse & industrial

Romania MLP Bucharest West is growing

schedule 06 June 2023
Opr./edited by ANZ

MLP Group is expanding the MLP Bucharest West logistics park. A new facility of approx. 16,000 sqm is being built on a speculative basis. The investment will be put into operation by the end of this year.

Investment & finance

Serbia CA Immo sells Belgrade Office Park

schedule 05 June 2023
Opr./edited by ANZ

CA Immo has successfully signed and closed the sale of the Serbian office complex Belgrade Office Park to a domestic investor. With two buildings and an underground car park, the complex comprises approx. 27,200 sqm of total lettable space.

Office & mixed-use development

Poland Glovo takes an entire floor

schedule 05 June 2023
Opr./edited by ANZ

Delivery platform Glovo has leased more than 2,000 sqm in Warsaw's Q22 office building. The company will occupy an entire floor in the facility.

Warehouse & industrial

Poland Victaulic stays in Poznań

schedule 05 June 2023
Opr./edited by ANZ

GLP has signed a contract with Victaulic, which has leased 7,500 sqm of space in the newest building of GLP's warehouse park at Poznań's Ławica airport.

Warehouse & industrial

Poland For the sixth time with K-Flex

schedule 05 June 2023
Opr./edited by ANZ

Panattoni has opened the sixth BTS facility within the K-Flex manufacturing and warehouse campus in Uniejów. With the new 33,000 sqm warehouse, the Uniejów complex has now exceeded 100,000 sqm.

Eurobuild FM

Poland Samuel Vetrak on the PBSA market in Poland

schedule 05 June 2023
Anna Zamyłka

In the latest episode of Eurobuild FM, Samuel Vetrak of Bonard consultancy firm talks exclusively to Eurobuild about the rapidly growing PBSA market in Poland.

Office & mixed-use development

Poland Ingage reaches for Infinity

schedule 02 June 2023
Opr./edited by JC

Investor relations (IR) software specialist Ingage Poland has leased almost 700 sqm of office space in the Infinity building in Wrocław.

Residential

POLAND Develia to take over Nexity Polska

schedule 01 June 2023
Eurobuild CEE

Polish developer Develia has signed a preliminary agreement to acquire 100 pct stakes in the Polish subsidiaries of French developer Nexity for EUR 100 mln (app. PLN 453 mln).

Eurobuild FM

Poland Gianluca Romano on the European investment market

schedule 01 June 2023
Magda Rachwald

In the latest episode of Eurobuild FM, Gianluca Romano, the head of capital raising at Swedish real estate investor Catella, tells us about the current situation on the investment market in Poland, the CEE region and Europe as a whole, as well as his expectations and forecasts for 2023.

Investment & finance

Poland Neptune gets funding

schedule 01 June 2023
Opr./edited by ANZ

Neinver and Nuveen Real Estate have successfully raised around EUR 170 mln in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

Retail & leisure

Czech Republic CBRE on the state of Czech retail

schedule 01 June 2023
Opr./edited by ANZ

The rapid rise in prices (inflation increased by 15.1 pct y-o-y) and energy expenses have been met by a further decline in already weakened customer confidence. How did this affect shopping centres in the Czech Republic?

Warehouse & industrial

Poland Robod chooses 7R City Park Gdańsk South II

schedule 01 June 2023
Opr./edited by JC

7R has provided space at 7R City Park Gdańsk South II to Robod, a manufacturer and distributor of occupational health and safety products.

ESG

Czech Republic ESG is both a challenge and an opportunity

schedule 01 June 2023
Opr./edited by ANZ

The real estate market in the Czech Republic is not yet fully prepared for the new ESG-related requirements, according to Colliers. Even construction projects planned over the next few years will not resolve this issue, since meeting strict standards is both procedurally and financially demanding.

Warehouse & industrial

Poland PepsiCo opens its fifth plant

schedule 01 June 2023
Opr./edited by ANZ

PepsiCo has opened its fifth production plant in Poland in Święte, Lower Silesia. The investment, worth more than PLN 1 bln, will help expand the company's product range and increase the scale of production targeting 20 European markets.

Residential

Poland New huge housing estate on the Warta River

schedule 01 June 2023
Opr./edited by ANZ

Construction will soon start on the Portowo na Starołęce project, the largest residential development in right-bank Poznań in years. The estate will be built on a 19-ha plot by the Warta River. The investor is Vastint Poland.

Latest in Investment & finance

schedule 05 June 2023

CA Immo sells Belgrade Office Park

CA Immo has successfully signed and closed the sale of the Serbian office complex Belgrade Office Park to a domestic investor. With two buildings and an underground car park, the complex comprises approx. 27,200 sqm of total lettable space.

schedule 01 June 2023

Neptune gets funding

Neinver and Nuveen Real Estate have successfully raised around EUR 170 mln in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

schedule 31 May 2023

Rohan BC sold to Fio fund

Reico Čs Nemovitostní (RČSN) has sold the Rohan Business Centre in Prague to the recently established Fio realitní fund for app. CZK 740 mln (EUR 31.3 mln).

schedule 29 May 2023

New deals for LeadCrest

LeadCrest Capital Partners announces two transactions in Poland: new industrial sale-leaseback as well as EUR 20 mln sale-leaseback acquisition of three retail warehouses.

schedule 29 May 2023

IAD buys on the Danube

The First Real Estate Fund, managed by IAD Investments, has purchased the Pribinova 19 building in Bratislava from JTRE. The office building is part of the Eurovea City office and retail complex located on the banks of the Danube.

schedule 22 May 2023

Panattoni granted EUR 64 mln

Panattoni has been granted a EUR 64 mln loan by Bank Gospodarstwa Krajowego for next projects. The financing is to be used to develop a strategic complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.

schedule 18 May 2023

Duetto I and II change hands for EUR 37 mln

Baltic Horizon Fund has agreed to sell for app. EUR 37 mln its entire stake in BH Duetto UAB, the vehicle that owns the Duetto I and II office buildings in Vilnius, to Luxembourg-registered fund ECRE IV.

schedule 17 May 2023

CTP to double Polish and German portfolios

Czech logistics developer and operator CTP is to invest a combined EUR 600 mln in Poland and Germany as it plans to double its portfolio in both markets to 20 mln sqm by 2030.

schedule 15 May 2023

Griffin and Madison sell German asset

International Industrial Properties, the logistics platform owned by Madison International Realty and Griffin Capital Partners, has sold a single-lease logistics property in Germany. This is the company's second transaction in Germany, the first having been completed in June last year.

schedule 12 May 2023

CEE investment volumes on the slide

The 2023 real estate investment volume across the CEE-6 region could reach EUR 5-6 bln, suggests Colliers in its latest 'Q1 2023 Investment Scene' report, significantly down from the estimated EUR 10.7 bln transacted in 2022.

schedule 10 May 2023

Wing and Griffin complete Bauwert takeover

Hungarian real estate group Wing together with Warsaw-based private equity manager Griffin Capital Partners have completed the acquisition of a 60 pct stake in German developer Bauwert.

schedule 09 May 2023

Let's go to the movies

Reverest Fund Management has purchased the Forum Cinemas Vingis cinema complex in Vilnius in a leaseback transaction. The previous owner, the cinema operator, will continue operations under a long-term lease agreement.

schedule 08 May 2023

S Immo adds offices and hotel to portfolio

Austrian real estate investor S Immo has completed the acquisition of three office buildings and a hotel in the Czech Republic from its majority shareholder CPI Property Group.

schedule 28 April 2023

Panattoni with over EUR 48 mln loan

Panattoni has been granted financing for Panattoni Park Lublin II – a comprehensive business platform with an area of around 84,000 sqm. The EUR 48 mln loan, including VAT, was granted by Bank Pekao SA.

schedule 26 April 2023

Retail parks bring profits

According to Walter Herz, investments in the real estate market are coming through regardless of the difficulties in the economy, but housing construction has temporarily slowed down. Warehouses have slowed down, while retail parks are still gaining momentum.

schedule 18 April 2023

EUR 92 mln for renewable energy

The investment company Atsinaujinančios Energetikos Investicijos (AEI) raised almost EUR 92 mln in just two years. Its manager Grėtė Bukauskaitė says they are delighted but not surprised by the popularity of renewable energy investments.

schedule 18 April 2023

NREP poised to buy major 7R stake

Danish real estate investor NREP has submitted an application to the Polish competition authority UOKiK to acquire “joint control” of Polish warehouse developer 7R.

schedule 13 April 2023

CTP to double in size by 2030

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.

schedule 12 April 2023

P3 pleased with results

P3 Group has announced record operational results and strong financials for full year 2022. The European investor and developer of warehouse properties increased Gross Asset Value to EUR 8.3 bln, only modestly impacted by a 2.3 pct valuation decline. Operationally, the company’s portfolio grew to 7.6 mln sqm across 11 European countries, registering an all-time high occupancy rate of 98 pct.

schedule 12 April 2023

Panattoni with a EUR 57 mln loan

Panattoni is building another strategic development for the Warsaw market. The developer has been granted EUR 57 mln in financing from Bank Pekao for the development of Panattoni Park Nadarzyn II, which is to become one of the largest business and industrial platforms in the region.

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