Average prime industrial and prime shopping centre yields across mainland Europe have converged for the first time in recorded history, as demand for logistics soars due to the e-commerce boom, according to research by Savills.
AFI Europe’s EUR 300 mln deal to buy NEPI Rockcastle’s Romanian office portfolio has fallen through with the seller insisting that Covid-19 restrictions have prevented the purchase – a claim denied by NEPI Rockcastle, which is now demanding EUR 15 mln compensation from the Israeli-owned company.
East Capital Real Estate IV has acquired SEB's head office in central Tallinn from Partners Group and Northern Horizon for EUR 45.75 mln.
An investment volume of EUR 2.9 bln was transacted on Polish real estate in the second best H1 on record, according to JLL.
Arrow Capital Partners has acquired Airport House in Warsaw for its USD 3 bln European Strategic Industrial Real Estate (SIRE) platform for an undisclosed sum.
Despite the impact of the pandemic, Poland should continue to be an attractive commercial real estate investment destination, according to Cresa.
A general meeting of shareholders has approved the appointment of Tomasz Trzósło to the position of CEO of EPP.
Czech real estate group Českomoravská Nemovitostní (ČMN) has completed the CZK 2 bln (app. EUR 74.5 mln) acquisition of two office buildings: City West C1 and C2 in Prague’s western Stodůlky district.
French investor Corum Asset Management has completed the acquisition of the new DSV International Shared Service Centre in Warsaw’s Mokotów business district from DSV in a sale-and-lease-back deal.
British retailer Tesco has announced the sale of its Polish hypermarket chain to Salling Group, the Danish owner (among others) of the Netto chain.
Vienna-based asset and investment manager GalCap Europe has acquired the Rumbach Center in Budapest’s central VII district for a German pension fund for an undisclosed sum.
Reino Capital has announced that it has concluded the purchase of the Logistic City complex in Piotrków Trybunalski in central Poland for an undisclosed sum.
Albert ČR has sold its shopping centre in Čestlice, on Prague’s southeastern outskirts, to HSTN Holding for an undisclosed sum.
RICS has launched an online mediation service as a response to the growing number of real estate market disputes, including rental payment disputes resulting from the covid 19 crisis.
The percentage of investors in Europe planning to focus on new markets plummeted from 20 pct in January to zero at the end of April, according to Deloitte’s latest market confidence survey.
HUNGARY Allianz Real Estate has completed the 100 pct acquisition of the Eiffel Square office building in Budapest.
SLOVAKIA/UK Slovak developer HB Reavis has sold its office building at 20 Farringdon Street in central London and has also announced the acquisition of a new property in the city, which after redevelopment will be become Quick & Tower House, a 135,000 sq ft (12,540 sqm) commercial project in Shoreditch.
CZECH REPUBLIC The Arete real estate investment group has received a loan of EUR 80 mln from Raiffeisenbank.
POLAND The Equal Business Park office complex in Kraków developed by Cavatina Holding has been sold for an undisclosed sum to a consortium managed by Apollo-Rida.
CE REGION S Immo enjoyed good operational performance in Q1 2020, but was also impacted by a EUR 31.5 mln write-down in the value of its portfolio due to the pandemic.
Hungarian-based serviced office operator New Work has gone from strength-to-strength in the CEE region since its foundation eight years ago in the aftermath of the credit crunch. N ...Editorial
Guess who’s on the front cover? If you don’t know him, and probably you don’t, he’s the building manager of a certain residential project in Warsaw. You could see him as symbolisin ...Warehouse & industrial
POLAND This spring saw Panattoni both complete and launch work on several new buildings.
POLAND Mirbud’s contract has been finalised for the construction of a Bi1 grocery hypermarket and petrol station next to the Karuzela shopping c ...
The European construction industry expected to recover in second half of 2020, according to data and analytics specialists GlobalData.
Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its ...
POLAND Wildberries, the Russian online retailer that debuted on the Polish market in January, has revealed some of its initial Polish sales figures.
The aim of the Eurobuild Awards is to promote the key players of the real estate sector by recognising their achievements. Our long-term goal is also ...
It is our immense pleasure to present to you the new, improved Eurobuild website. And this won't be the last thing we have to say on this subject!
Great news for tennis fans. Eurobuild’s 15th Annual Tennis Tournament, which unfortunately had to be postponed because of the pandemic, will now take ...
The European Investment Bank (EIB) has approved a grant for the Verde business centre complex in Riga, developed by SBA Group company Capitalica Asset ...
Accor has signed a management agreement with Alexandra Residence Design to open 144-room Ibis hotel near the future Terminal 2 of Bucharest’s main Hen ...
POLAND Reina Partners is the latest advisory to emerge on the Polish commercial real estate market.
CZECH REPUBLIC A consortium comprising Eurovia and Hochtief has been awarded a CZK 835 mln (app. EUR 30.826 mln) contract to expand the second termina ...
EUROPE Gala Collezione has a range of reclining armchairs perfect for reading, watching movies and talking on the phone.
Average prime industrial and prime shopping centre yields across mainland Europe have converged for the first time in recorded history, as demand for ...
Globalworth has signed contracts for more than 25,000 sqm of office space in Bucharest in the last three months, despite the pandemic and social dista ...
POLAND Local Heroes has opened its first fashion store of 81 sqm at ul. Mokotowska 49 in the Mokotowska Square building in Warsaw.
Rondo Business Park in Kraków is to be managed by Globalworth’s in-house team from July.
POLAND Skanska has completed the new home of the National Archives in Kraków, which according to the company is the largest complex of its type in Pol ...
Echo Investment has completed the renovation of the historic palace within its Ogrody Graua residential development in Wrocław, which now contains eig ...
The Polish Council of Shopping Centres (PRCH) has published its latest average weekly footfall figures for centres across Poland.
As many as 88 pct of EMEA occupiers intend to invest more in technology designed specifically to aid home working, according to CBRE’s 2020 EMEA Occup ...
The CEE-6’s share of EU manufacturing output has more than doubled since 2004, when the first group of these countries joined the European Union, acco ...