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Germany SVP to acquire Apcoa

Investment & finance
Apcoa Parking Holdings and Strategic Value Partners, LLC and its affiliates (together, SVP), a global alternative investment firm with over USD 18 bln of assets under management, has announced that SVP-managed funds have entered into an agreement to acquire 100 pct of Apcoa, Europe’s leading parking infrastructure operator.

The transaction is expected to close in the next three months, subject to receipt of required regulatory approvals as well as other customary closing conditions.

Apcoa provides car park management services across Europe and operates more than 1.8 mln parking spaces across 13,000 sites in over 400 cities. With app. EUR 900 mln in annual revenues, Apcoa is a trusted partner for private and public real estate owners providing outsourced services for parking centres, electric vehicle charging stations and urban hubs focused on sustainable mobility and logistics solutions for smart cities.

Funds managed by SVP have been a minority shareholder in Apcoa since 2014. As part of this acquisition, SVP funds will acquire shares from current majority shareholder Centerbridge and other minority shareholders.

We see SVP’s investment as a strong vote of confidence in Apcoa's strategy and business model, the strength of our client relationships and the quality of the management team and broader employee base. With this backing, we will continue to focus on maximising the value of our clients’ assets, developing our digital services, and increasing our push into EV charging and inner-city sustainable mobility.
Philippe Op de Beeck, CEO of Apcoa

Latest news

Investment & finance

Czech Republic Rebalancing of prices is expected

schedule 26 February 2024
Opr./edited by ANZ

According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.

Warehouse & industrial

Poland Sweet deal for Eurologis

schedule 26 February 2024
Opr./edited by JC

Agart-Pro has extended its lease of nearly 1,800 sqm of warehouse and office space in Eurologis Logistics Centre. The complex is located 16 km from the centre of Wrocław.

Land acquisitions

Croataia Slovaks invest in Croatia

schedule 23 February 2024
Opr./edited by ANZ

Slovak investment fund Prvý realitný fond, through its company Logis Rugvica, has acquired a plot of land in the area of the village of Sveta Helena near Zagreb. This marks the fund's debut on the Croatian market.

Office & mixed-use development

Poland New tenants on the horizon

schedule 22 February 2024
Opr./edited by ANZ

Warsaw's Horizon office complex has gained four new tenants. In total, the companies will occupy almost 2,500 sqm of space in the facility.

Residential

Czech Republic New residential project in Prague's Vysočany

schedule 22 February 2024
Opr./edited by ANZ

Rezidence Klíčov, a current major SHD Real Estate residential project in Prague, is moving into the construction phase. The project located in Vysočany, Prague 9, is expected to be completed next year.

Eurobuild FM

Poland Special edition of Eurobuild FM – summaries and forecasts (ep. 16)

schedule 22 February 2024
Eurobuild CEE

Henryk Bilski, leasing director at Strabag Real Estate, talks about the difficult office market in Warsaw and the company's new projects in 2024, including its debut in the PRS sector. Welcome to the last episode of the special edition of Eurobuild FM!

Investment & finance

Poland Concept Tower changes hands

schedule 22 February 2024
Opr./edited by JC

CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.

Warehouse & industrial

Poland Ideal Idea is growing in Wrocław

schedule 22 February 2024
Opr./edited by JC

Ideal Idea is commencing the construction of its fifth facility as part of the expansion of City Park Wrocław. The new 15,000 sqm building will increase the total space offered by the developer in Lower Silesian capital to 36,000 sqm.

Warehouse & industrial

Poland More light at CTPark Warsaw South

schedule 22 February 2024
Opr./edited by JC

CTP has expanded the Polish capital’s warehouse market by more than 67,000 sqm through the delivery of two new buildings at CTPark Warsaw South. This completion means the industrial and logistics complex in Mszczonów is now almost 90 pct complete.

Office & mixed-use development

Poland More companies choose Lixa E

schedule 22 February 2024
Opr./edited by JC

Aluprof and Unique Work have joined the tenant roster in the Lixa E building. The two companies occupy a total of nearly 625 sqm in the complex.

Office & mixed-use development

Poland EY has chosen Brain Park

schedule 21 February 2024
Opr./edited by ANZ

EY will move into new premises in Kraków. The company will occupy 2,000 sqm in the Brain Park office building. Echo Investment has thus completed the commercialisation of the first building of the office complex on Al. Pokoju.

Warehouse & industrial

Polska Panattoni Park Tricity East V has its first tenant

schedule 21 February 2024
Opr./edited by ANZ

Panattoni has handed over the first building in the Panattoni Park Tricity East V complex, near to the Port of Gdańsk. Regesta is to start operating in the building.

Eurobuild FM

Poland Special edition of Eurobuild FM – summaries and forecasts (ep. 15)

schedule 19 February 2024
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In the penultimate episode of the special edition of Eurobuild FM, we have a short (!) and clear (!!) tax interpretation for you. Why things can only get better after the "Polish Deal", what new taxes await the real estate industry in 2024 and whether we should be afraid of KSEF (National E-invoice System) – these questions (and some others) were answered by Justyna Bauta-Szostak, tax and legal advisor, partner at MDDP.

Warehouse & industrial

Poland CTPark Weiden is full

schedule 19 February 2024
Opr./edited by JC

CTP has fully leased CTPark Weiden ahead of its completion. The latest tenant is Josef Witt, an international textile trading company based in Weiden.

Warehouse & industrial

Poland BauWatch debuts in Poland

schedule 19 February 2024
Opr./edited by JC

BauWatch has leased 1,650 sqm of warehouse and office space in Panattoni Park Pruszków VI. The company provides CCTV towers with cameras and smart software, and maintains certified monitoring centres.

Warehouse & industrial

Poland Panattoni in the spotlight

schedule 16 February 2024
Opr./edited by JC

The cornerstone has been laid for the construction of the new Trilux factory in Świdnik. The 23,000-square-meter plant, which meets BREEAM certification criteria, will be built by Panattoni.

Eurobuild FM

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schedule 15 February 2024
Eurobuild CEE

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Office & mixed-use development

Czech Republic PKV expands at CTP’s Vlněna complex

schedule 15 February 2024
Opr./edited by ANZ

CTP has signed a lease agreement with PKV Build, a leading player in energy consulting, for 3,000 sqm of new office space which is currently being built by CTP at its premium Vlněna office complex in Brno.

Office & mixed-use development

Poland Smaller offices, more amenities

schedule 15 February 2024
Opr./edited by JC

Although the office development pipeline in Poland’s eight largest regional city markets is clearly shrinking, it is still above that for Warsaw, says BNP Paribas Real Estate Poland in its report “At a Glance – Regional City Office Markets Q4 2023”.

Hotels

Czech Republic Accelerated recovery

schedule 15 February 2024
Opr./edited by ANZ

According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.

Latest in Investment & finance

schedule 26 February 2024

Rebalancing of prices is expected

According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.

schedule 22 February 2024

Concept Tower changes hands

CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.

schedule 14 February 2024

Hoping for smooth waters

With a total investment volume of just over EUR 2 bln, performance in 2023 on the commercial real estate investment market in Poland fell by two-thirds compared to volumes in the previous three years. However, Avison Young experts, according to Property investment market in Poland 2023, expect the situation to stabilise this year and investor activity to recover throughout 2024.

schedule 09 February 2024

Immofinanz sells in Zagreb

Immofinanz has closed the sale of the Grand Center Zagreb office property to a Croatian real estate company. The parties do not disclose the amount of the transaction.

schedule 08 February 2024

Trigea buys Arkády Pankrác

Trigea fund has finalised the purchase of the Arkády Pankrác shopping centre in Prague. This is the largest ever retail real estate transaction by domestic funds in the Czech Republic, with a value in excess of CZK 6 bln.

schedule 07 February 2024

Sandecja changes hands

A company from the Agat Ejendomme group (formerly TK Development) completed the sale of the Sandecja shopping mall in Nowy Sącz. The new owner of the facility is Focus Estate Fund.

schedule 06 February 2024

CTP issues green bonds

CTP announces the successful placement of EUR 750 mln green bond with a six-year maturity and a 4.750 pct fixed coupon. The notes were settled and admitted to trading on Euronext Dublin.

schedule 31 January 2024

Palmira goes shopping

Palmira has acquired a property in Krągola, situated between Poznań and Łódź, for the European Core Logistics Fund. Built in 2014 and occupied by Eurocash, the property comprises almost 40,000 sqm of hall and office space.

schedule 29 January 2024

Polish PRS goes Dutch

Dutch investment fund Van der Vorm has bought around 120 apartments from a Polish developer in Warsaw's Praga Południe district. The completed flats on ul.  Siennicka are intended for long-term rental.

schedule 29 January 2024

ZDR goes shopping

ZDR Investments Group has completed its first acquisition of the year. The company purchased a Billa grocery store with adjoining retail in the Prague district of Kunratice for its qualified investor fund.

schedule 23 January 2024

Colliers’ predictions for 2024

The CEE-6 is poised for a significant GDP growth rate surge, tripling from below 1 pct last year to around 2.5 pct, retail parks continue to be a central focus driving market growth, the slowdown in deliveries of new offices will aid in filling vacant spaces, especially in modern/ESG-compliant offices – these are some of the predictions for the CEE-6 in 2024 just revealed by Colliers.

schedule 23 January 2024

Imagine to be refinanced

Avestus Real Estate has signed a loan agreement for the refinancing of the Imagine office complex in Łódź. The loan, totalling EUR 23.9 mln, was provided by mBank.

schedule 17 January 2024

In search of higher risk

According to the 2024 Investment Intentions Survey – published by Anrev, Inrev and Prea – on a weighted AUM basis, the current average allocation to real estate globally is 10.6 pct, just slightly above the average target allocation of 10.4 pct.

schedule 17 January 2024

BlueRock has sold everything

BlueRock Group has succeeded in selling the remaining properties in the BlueRock Fund PCC Cell H - Berlin Residential Growth to individual private investors. The fund is therefore being liquidated. 

schedule 15 January 2024

Wiśniowy Business Park changes hands

One of the buildings in Warsaw's Wiśniowy Business Park complex has changed ownership. The name the buyer, as well as the amount of the transaction were not disclosed.

schedule 11 January 2024

Investment activity set to regain equilibrium

Uncertainty and volatility have been the two dominant trends shaping the commercial real estate market and buyer sentiment in recent months. However, according to Trends Radar, the latest report from Cushman & Wakefield, the Polish market, whose fundamentals remain strong, is broadly expected to regain equilibrium.

schedule 10 January 2024

Yareal obtains financing for Lixa

Yareal Polska and BNP Paribas Bank Polska have successfully concluded credit agreements totaling EUR 63.8 mln, enabling the development of the Lixa office project.

schedule 10 January 2024

Millions for Panattoni

Panattoni has been awarded bank financing of around EUR 10 mln from Santander for the BTS development in Łubowo. The project will serve as the main European production plant for Maxcess.

schedule 10 January 2024

The largest single transaction in SEE

Diofa Fund Management acquired Indotek’s Belgrade office portfolio including 11 premium office buildings in 5 business parks in Belgrade’s central business district.

schedule 09 January 2024

2024 will be better than expected

Moody’s Investors Service in its latest report has maintained a stable outlook for CEE sovereigns' creditworthiness in 2024. This is driven by a robust macroeconomic outlook, limited economic scarring from Europe's energy crisis and the roughly unchanged fiscal strength of the region.

Edition 1 (285) January 2024

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