Investment &amp; finance

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.

Poland Wiśniowy Business Park changes hands

15 January 2024

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.

Poland Investment activity set to regain equilibrium

11 January 2024

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.

Poland Yareal obtains financing for Lixa

10 January 2024

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.

Poland Millions for Panattoni

10 January 2024

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.

Serbia The largest single transaction in SEE

10 January 2024

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

CEE 2024 will be better than expected

09 January 2024

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.

Poland Suntago changes hands

05 January 2024

Centerbridge Partners is going to take control of Global Parks Poland, the owner of Suntago – the largest water entertainment park in Europe, located in Wręcza near Warsaw. The U.S. company has filed an application to the OCCP in this regard.

Europe Another hundreds of millions on retail

27 December 2023

Eurobuild CEE

Mitiska REIM has announced the sale of five Belgian and five Portuguese retail parks to First Retail Partners, a newly established fund backed by Partners Group. The new fund has a gross asset value of around EUR 280 million and will be managed by Mitiska REIM and backed by Partners Group.

Czech Republic Olympia changes hands

27 December 2023

Eurobuild CEE

Immofinanz took over two properties from its majority shareholder, CPI Property Group – the Olympia Plzen shopping center and the adjacent retail park, the total value of both properties is EUR 165.5 million.

Romania Drim joins Żabka Group

21 December 2023

Żabka Group concluded the acquisition of a majority stake, forming a partnership with one of the leading FMCG distribution players in Romania – Drim Daniel Distributie. The transaction is subject to the customary regulatory approvals.

Poland 25 million for Panattoni

21 December 2023

Panattoni has been awarded financing to develop Panattoni Park Łódź West II – one of the biggest industrial projects in the western part of Łódź. A loan of EUR 25 mln has been granted by mBank.

Poland Panattoni sells two industrial parks

20 December 2023

Panattoni has finalised the sale of two industrial developments near to the administrative capital of the Lower Silesian region. Together, Panattoni Park Wrocław East, and Panattoni Park Wrocław S8 South comprise a total area of almost 43,000 sqm.

Poland Ghelamco sells Warsaw Hub hotel tower

19 December 2023

Ghelamco has finalised the sale a high-rise building forming part of The Warsaw Hub complex, which houses the Crowne Plaza and Holiday Express Inn hotels, to French fund Corum XL for an undisclosed sum.

Poland Vastint set to buy Arkady Wrocławskie

19 December 2023

Develia and Vastint Poland have signed a preliminary agreement for the sale of Arkady Wrocławskie. The net sale price was set at EUR 42.9 mln, or app. PLN 185.6 mln. The transaction is expected to be finalised by the end of August 2025.

Poland Murapol makes its WSE debut

18 December 2023

Murapol has listed on the main market of the Warsaw Stock Exchange as of today. The debut on the Warsaw trading floor, which took place on Friday, is the culmination of the public offering of its shares, the value of which reached app. PLN 404 mln at the end of trading.

Poland Karuzela and Mitiska REIM make plans together

12 December 2023

Karuzela Holding, together with its Belgian partner Mitiska REIM, plans to open six more joint developments between 2024 and 25. The new projects will bring the joint portfolio to 160,000 sqm of retail space.

Poland Alior lends for the second time

11 December 2023

Panattoni has received its second loan in quick succession from Alior Bank. This time, the developer was granted financing of almost EUR 6.5 mln to build a BTS project for Air Spiralo, manufacturer of ventilation systems.

Romania M Core acquires 25 retail parks

07 December 2023

Mitiska REIM has completed the sale of 25 retail parks in Romania to LCP Group, part of M Core, for EUR 219 mln. This is one of the largest retail real estate transactions in Romania.

Poland Cavatina finalises purchase on ul. Chmielna

06 December 2023