Investment &amp; finance

The investment company Atsinaujinančios Energetikos Investicijos (AEI) raised almost EUR 92 mln in just two years. Its manager Grėtė Bukauskaitė says they are delighted but not surprised by the popularity of renewable energy investments.

Poland NREP poised to buy major 7R stake

18 April 2023

Eurobuild CEE

Danish real estate investor NREP has submitted an application to the Polish competition authority UOKiK to acquire “joint control” of Polish warehouse developer 7R.

Europe CTP to double in size by 2030

13 April 2023

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.

Poland P3 pleased with results

12 April 2023

P3 Group has announced record operational results and strong financials for full year 2022. The European investor and developer of warehouse properties increased Gross Asset Value to EUR 8.3 bln, only modestly impacted by a 2.3 pct valuation decline. Operationally, the company’s portfolio grew to 7.6 mln sqm across 11 European countries, registering an all-time high occupancy rate of 98 pct.

Poland Panattoni with a EUR 57 mln loan

12 April 2023

Panattoni is building another strategic development for the Warsaw market. The developer has been granted EUR 57 mln in financing from Bank Pekao for the development of Panattoni Park Nadarzyn II, which is to become one of the largest business and industrial platforms in the region.

CEE REGION Nepi Rockcastle raises EUR 143 mln

11 April 2023

Nepi Rockcastle has raised the equivalent of EUR 143 mln in equity from its latest scrip dividend (when new shares are issued to shareholders instead of a dividend), corresponding to app. 85 pct of the final dividend payment at the end of 2022.

Poland Four shopping centres change hands

11 April 2023

An international investment fund has sold four retail centres: Stara Cegielnia in Szczecin, Galeria Kosmos in Koszalin, OK Centrum Wałbrzych and OK Centrum Strzegom, with a total area of app. 15,000 sqm. They are to be partly renovated and re-commercialised by the buyer.

Poland Financing for solar plants

06 April 2023

Lithuanian company JSC Atsinaujinančios Energetikos Investicijos has signed a PLN 105 mln (EUR 22.4 mln) agreement with Bank Pekao to finance the construction of 67.8 MW solar PV plants in Poland.

Romania Investment volume up 72 pct in Q1

05 April 2023

The real estate investment volume in Q1 2023 in Romania exceeded EUR 153 mln – 72 pct higher than the same period last year, according to Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance.

Poland BNP Paribas to finance expansion of MLP Czeladź

05 April 2023

MLP has signed a new financing agreement with BNP Paribas Bank. The bank has agreed to lend more than EUR 19.7 mln in accordance with the transaction terms. The facility will be used to finance and partially refinance the MLP Czeladź project with a target leasable area of approx. 68,000 sqm.

Poland Panattoni sells to LCN for 26 million

04 April 2023

A manufacturing and warehouse BTS facility built by Panattoni in Tczew (about 30 km south of Gdańsk) has been sold for EUR 26 mln to US investor LCN Capital Partners.

Poland Newport Logistics Fund II takes off

31 March 2023

Newport Logistics Fund II, a fund investing in development of warehouses in Europe, was established in Luxembourg as an investment company. Second fund is looking to raise 100 mln EUR for further investments in Western Europe.

Poland Mitiska makes Europa Centralna purchase

31 March 2023

Belgian investor Mitiska REIM has acquired the 67,000 sqm gla Europa Centralna shopping complex in Gliwice from Sierra Balmain for an undisclosed sum.

Poland Moje Miejsce II changes hands

30 March 2023

Moje Miejsce II, the second office building of Echo Investment’s multifunctional project in Warsaw, has been acquired by Czech investor Trigea Real Estate Fund for EUR 45 mln.

Poland Echo-Archicom with scores and with strategy

30 March 2023

The Echo-Archicom Group closes the year 2022 with a strong cash position and further reduced net debt of the company. This is the result of sale of seven office buildings worth nearly EUR 320 mln.

Czech Republic Strong CTP in the Czech Republic

23 March 2023

2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the impact of global events on the European market. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 mln sqm. Rental income increased by 13 pct year-on-year to EUR 230.3 mln. At present, CTP is the largest player in the Czech industrial-logistics property market with a 28 pct share.

Romania K+K Elisabeta bought for Peakture

23 March 2023

Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.

Poland MLP has plans and has outcome

20 March 2023

The value of MLP group’s investment properties rose 31 pct, to more than PLN 4.4 bln (EUR 945 mln). Consolidated revenue improved 39 pct y-o-y, to PLN 279.1 mln (EUR 59.5 mln), driven by an increase in leased area combined with higher rental rates. Last year, MLP group earned PLN 422.4 mln (EUR 90.1 mln) in net profit.

Poland Kajima and Griffin invest in green energy

14 March 2023

Kajima Europe together with Griffin Capital Partners acquired a 70 pct stake in Hymon, a photovoltaic installation company. This is the second joint initiative by these partners in Poland's renewable energy market, having taken a majority stake in Pad RES, a developer in Poland's clean energy asset space, in 2021.