CZECH REPUBLIC CEE investment and development company CPI Property Group aims to buy five retail assets in Poland for a total amount of app. CZK 500 mln (PLN 70 mln) as it sees retail investment opportunities in the Czech Republic dry up and turns its eyes towards the Polish market, reports the Hospodářské noviny daily.
RUSSIA Russian real estate investment volumes will not exceed USD 3 bln this year, which will equal the lowest level of the last 10 years, says JLL in its latest forecast.
Investment & finance
CZECH REPUBLIC Atrium European Real Estate has completed the sale of 72 small-format retail assets (supermarkets) located in the Czech Republic to a private client account managed by Peakside Capital Advisors for app. EUR 68.5 mln.
Investment & finance
CZECH REPUBLIC Nestlé Česko has sold its 6,500 sqm site with 2,500 sqm built-up area in Nupaky near Prague. Comprised of office and warehouse space, the property was bought by Levné potraviny.
Investment & finance
POLAND Orco Property Group has informed that its earnings from the sale of the Złota 44 luxury apartment building in Warsaw to BBI Development and the US fund Amstar Global Partners will be in fact EUR 13 mln lower due to the claims made by the building’s general contractor, Inso.
Investment & finance
POLAND Luxembourg-based Hines Poland Sustainable Income Fund (HPSIF), which is managed by the US property investor Hines, has acquired the Sky Office Center office building in Warsaw from the 5th Avenue Holding.
Investment & finance
POLAND Warehouse owner, asset manager and developer Segro has acquired a 10-ha land plot in Tychy to build over 40,000 sqm of new production and warehousing space.
POLAND Czerwona Torebka is selling off the Małpka Express grocery chain to its minority shareholder.
Investment & finance
POLAND Marvipol has sold 47 apartments spread across its three residential projects in Warsaw to the Military Residential Agency (WAM) in an over PLN 28.2 mln deal.
Investment & finance
POLAND PKP has launched Xcity Investment, an entity responsible for coordinating development projects on the land plots owned by PKP. The number of the developable PKP plots is estimated at 130.
Investment & finance
POLAND Griffin Group has acquired a 0.8-ha land plot located at the junction of ul. Towarowa and ul. Wolska in Warsaw, the rest of the so-called ‘Serek Wolski’ area it owns. Now the company plans on developing a large mix-use project jointly with Skanska Property Poland in this location.
Investment & finance
POLAND Polish construction and development company Dekpol has debuted on the Warsaw Stock Exchange. The funds raised from the public offering are to be invested in three main areas Dekpol operates in: construction, development and construction equipment manufacturing.
POLAND Development company OKRE Development is changing its ownership structure. The company’s two current shareholders, the Belgian firms Koramic Real Estate and Otreco, have been joined by another Belgian entity, Futurn.
POLAND Black Lion Fund-owned Soho Tetris has been granted a 39 PLN mln loan for another building within Warsaw’s Soho Factory by Getin Noble Bank.
WORLD Poland, the largest CEE market, has been ranked among the top five emerging foreign real estate investment destinations, following such economies as Brazil, China, Mexico and Chile, according to the 23rd annual taken among the members of the US-based Association of Foreign Investors in Real Estate (AFIRE).
Investment & finance
POLAND Griffin Group has attained its plan. The company purchased a plot with an area of 0.6-ha at ul. Towarowa 20 in Warsaw. It currently includes a Statoil petrol station.
Investment & finance
CZECH REPUBLIC Skanska Property Czech Republic has acquired a Hochtief Development office project that was scheduled to provide a 10,500 sqm office building in Prague’s Anděl-Smíchov business district (Prague 5), Five!.
Investment & finance
EUROPE/POLAND Neinver and TIAA Henderson Real Estate (TH Real Estate), on behalf of the New York-based Teachers Insurance and Annuity Association–College Retirement Equities Fund (TIAA–CREF) have set up a joint venture company to specialise in the development of outlet centres across Europe.
Investment & finance
POLAND Developer Mayland Real Estate and its investment partner Foncière Euris have signed an agreement with a consortium of Pekao and Bank Zachodni WBK banks for a EUR 95 mln loan for the construction of the Serenada shopping centre in Kraków.
Investment & finance
CEE REGION Orco Property Group has announced the sale of its shares in Hospitality Invest (HI), the owner of the MaMaison network of boutique hotels, to CPI Property Group.
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