Investment &amp; finance

Estonian renewable energy company and independent energy producer Sunly is planning to build six solar parks in Latvia with a total capacity of 52 MW. The construction is financed by Swedbank with EUR 22 mln. This is Swedbank’s biggest contribution to the solar park sector in Latvia.

Croatia S Immo sells Eurocenter in Zagreb

04 December 2023

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm.

Poland mBank provides loan for 7R

30 November 2023

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

Poland Galeria Tarnovia changes hands

30 November 2023

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).

Poland Transaction at ul. Cybernetyki

27 November 2023

Opr./edited by BL

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

Poland mBank to support MLP Group with EUR 12 mln

23 November 2023

mBank has provided MLP Group with financing of nearly EUR 12 mln. The funds raised will be used to refinance the construction of a 32,000 sqm warehouse facility at the MLP Pruszków II logistics centre.

Poland Panattoni has borrowed from Alior

22 November 2023

Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów near Gliwice. The construction of the factory has been financed by a loan from Alior Bank of over EUR 24 million.

Poland Globalworth gets millions

20 November 2023

Globalworth has been granted funding in the form of a EUR 145 mln bank loan. The financing covers the Skylight and Lumen buildings on ul. Złota, as well as the Hala Koszyki.

Czech Republic CTP gets money from pbb

16 November 2023

Pbb Deutsche Pfandbriefbank has provided a EUR 113 mln investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic.

CEE Lucky quarter for Nepi

16 November 2023

Nepi Rockcastle’s net operating income rose 23 pct in the first nine months of 2023 to EUR 365 million, versus the same period of 2022. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022.

Poland EUR 75 mln for Cedet

09 November 2023

PBB Deutsche Pfandbriefbank has granted a 75 mln euro investment loan to a Polish company managed by Macquarie Asset Management. The loan will be used to refinance the Cedet office building in Warsaw.

Europe Between uncertainty and optimism

08 November 2023

According to the latest report from PwC and the Urban Land Institute, 75 pct of real estate leaders agree current valuations “do not accurately reflect” all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.

Poland Stokado acquires Top Box

08 November 2023

Stokado, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box self-storage rental company. As a result, Stokado has added 4,500 sqm to its portfolio of operating assets and further 4,500 sqm to development pipeline.

Poland Brownfield projects get millions

06 November 2023

Hillwood Poland has signed a loan agreement worth more than EUR 13 million with BNP Paribas Bank for the development of a logistics park in Syców, as well as an agreement worth more than EUR 35 million for the development of a park in Rawa Mazowiecka.

Czech Republic LOI signed for Czech portfolio acquisition

03 November 2023

S Immo has signed a non-binding letter of intent with Czech Property Investments, a subsidiary of CPI Property Group, to acquire a property portfolio in the Czech Republic.

CEE Fundamentals in CEE remain fairly robust

03 November 2023

The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of EUR 10-11 bln, however, lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest “Q3 2023 CEE Investment Scene” report.

Poland Crestyl takes control of Spravia

02 November 2023

Crestyl has completed the acquisition of the remaining 50 pct stake in Spravia from Cornerstone Partners, giving it full control of the company.

Germany GGC sells to Sonar

02 November 2023

Sonar Real Estate has secured an office property in Munich in a joint venture with a global institutional investor. The seller, Global Gate Capital, is an international investment firm that invests across alternative asset classes and public markets.

Romania Profi sale breaks record

30 October 2023

MidEuropa, a European private equity investor, has entered into an agreement to sell Romanian food retailer Profi Rom Food to Ahold Delhaize. The value of the enterprise was estimated at about EUR 1.3 bln pre-IFRS16 (EUR1.8 bln post-IFRS 16).

Poland Octava sells Warsaw airport plot

26 October 2023