News

Investment & finance

POLAND GalCap picks up Koszykowa 54

schedule 22 December 2020
Nathan North
managing editor

Viennese real estate investor Galleon Capital Management (GalCap) has acquired the Koszykowa 54 office building in central Warsaw from the UBS Real Estate Kapitalanlagegesellschaft fund for an undisclosed sum.

Investment & finance

CZECH REPUBLIC Churchill Square sold in largest office deal of 2020

schedule 22 December 2020
Nathan North
managing editor

Penta Real Estate has sold the Churchill Square office complex in Prague to a joint venture between Českomoravská Nemovitostní (ČMN) and Middle Eastern investor Corporate Finance House Group (CFH) for more than CZK 4 bln (app. EUR 152 mln).

Retail & leisure

CENTRAL EUROPE Immofinanz adds eight parks to Stop Shop network

schedule 22 December 2020
Nathan North
managing editor

Austrian real estate investor Immofinanz has added eight locations in Serbia, Czech Republic, Croatia and Austria to its Stop Shop retail park network.

Warehouse & industrial

POLAND Panattoni launches first Kalisz park

schedule 22 December 2020
Opr./edited by NN

Construction work has started on Panattoni Park Kalisz in the city’s southwestern industrial district. This will be the first class A industrial complex in the area and will eventually comprise 35,000 sqm in two buildings.

Office & mixed-use development

CZECH REPUBLIC J&T Banka buys its own Prague HQ

schedule 22 December 2020
Nathan North
managing editor

J&T Banka has completed the acquisition of its new headquarter building in the of Rustonka office complex in Prague, for CZK 2.1 bln (app. EUR 79.8 mln).

Office & mixed-use development

Poland Hi Piotrkowska ready for use

schedule 17 December 2020
Opr./edited by AH

Master Management Group has been granted an occupancy permit for its Hi Piotrkowska mixed-use complex in Łódź and leases have been signed with drugstore Rossmann and florist Badylarz.

Investment & finance

Poland MIRA invests over EUR 300 mln in 2020

schedule 17 December 2020
Opr./edited by AH

MIRA Real Estate, which includes the former GLL Real Estate Partners, has continued to expand its presence in logistics real estate with more than EUR 300 mln in European transactions agreed over 2020.

Investment & finance

Czech Republic Aareal refinances two CTP parks

schedule 17 December 2020
Opr./edited by AH

Aareal Bank has arranged and underwritten the EUR 403.5 mln refinancing of two logistics and industrial parks in the Czech Republic on behalf of CTP.

Warehouse & industrial

POLAND Broadcasting from MLP Pruszków II

schedule 17 December 2020
Nathan North
managing editor

A leading pay-TV broadcaster and producer has leased 2,700 sqm at the MLP Pruszków II logistics centre, on Warsaw’s western outskirts.

Warehouse & industrial

CZECH REPUBLIC Green light for first Panattoni park in Ostrava

schedule 17 December 2020
Opr./edited by NN

Ostrava City Council has approved the plans to build Panattoni Park Ostrava Airport near Leoš Janáček Ostrava Airport.

Investment & finance

LITHUANIA Lords sells Vilnius SEB HQ to Luxembourg fund

schedule 17 December 2020
Nathan North
managing editor

Closed-ended real estate investment fund Lords LB Special Fund II has sold SEB Bank’s headquarter building in Vilnius to DEREIF SICAV FIS, which is managed by Luxembourgish asset and investment specialist REInvest Asset Management.

Investment & finance

Poland Warehouses stay top of the investment charts

schedule 16 December 2020
Opr./edited by AH

This year’s total commercial property investment volume in Poland is likely to be around EUR 5.5 bln, a 30 pct decrease year-on-year, according to the latest figures from Savills.

Warehouse & industrial

Poland Record investment for warehousing

schedule 16 December 2020
Opr./edited by AH

A record total EUR 1.9 bln of warehouse and production assets changed hands between January and September in Poland, according to figures from Axi Immo.

Warehouse & industrial

Poland Two brownfield projects for Panattoni

schedule 16 December 2020
Opr./edited by AH

Panattoni is to build City Logistics Kraków I on the site of a former cement plant. The new industrial park will have an area of 36,500 sqm. The developer is also planning a park in Konin on the site of a former grain elevator.

Office & mixed-use development

HUNGARY HumanField in ZenGarden

schedule 16 December 2020
Nathan North
managing editor

HumanField Executive and Specialist Search has leased 500 sqm for its new headquarters in the ZenGarden office building in Budapest.

Retail & leisure

SLOVAKIA Fidurock almost ready for resi-retail project

schedule 16 December 2020
Nathan North
managing editor

Dutch-Czech investment company Fidurock has obtained a zoning permit for a retail park development in the spa town of Piešťany in western Slovakia.

Investment & finance

Poland EIB supports Poland in battle with Covid

schedule 15 December 2020
Opr./edited by AH

The Polish Development Fund (Polski Fundusz Rozwoju - PFR) has issued debt securities with a nominal value of PLN 500 mln, which have been fully subscribed by the European Investment Bank (EIB).

Investment & finance

CEE region Office market in the doldrums

schedule 15 December 2020
Opr./edited by AH

The first three quarters of 2020 across the CEE saw a 37.5 pct decrease in overall office investment volumes compared to the same period of 2019, according to figures published by Colliers International.

Construction

CZECH REPUBLIC Strabag gets started on Smíchov City

schedule 15 December 2020
Nathan North
managing editor

A consortium led by Strabag has started the construction of the first phase of Sekyra Group’s large scale Smíchov City urban development on a 40 ha plot in Prague.

Hotels

RUSSIA Raffles comes to Moscow

schedule 15 December 2020
Opr./edited by NN

Accor and Kievskaya Ploshchad Group have announced that they will be opening the Raffles Moscow hotel in H2 2022.

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