Investment &amp; finance

Czech real estate investor Trigea nemovitostní fond has acquired City Logistics Wrocław II from Panattoni for an undisclosed sum.

Poland Greenman takes over Newbridge

01 February 2023

Ireland-based Greenman Group, the parent company of grocery real estate investment fund manager Greenman Investments, has expanded into Poland with the acquisition of retail asset manager and developer Newbridge Poland.

CEE Romania remains an attractive market

30 January 2023

The total volume invested in income-producing real estate assets - office, retail, logistics and industrial spaces and hotels - in the Central and Eastern Europe returned to growth last year. According to Cushman & Wakefield Echinox experts, a positive evolution is mainly driven by the activity recorded in Romania and Slovakia.

CZECH / SLOVAKIA Arete not stopping after EUR 100 mln loan

Opr./edited by NN

Czech industrial real estate investor and developer Arete is to receive more than EUR 100 mln (CZK 2.5 bln) in financing for its portfolio from a consortium of banks made up of Česká spořitelna and Slovenská sporiteľňa.

CENTRAL EUROPE EUR 40 mln in debt financing for Trei

Opr./edited by NN

German residential and retail developer and asset manager Trei Real Estate has obtained EUR 40 mln in debt funding from Berlin Hyp.

Poland Investing in times of uncertainty

The investment volume of 2022 was shaped by five large deals, which accounted for 40 pct of the total result. Market liquidity fell by 27 pct, from a record 166 transactions in 2021 to 122 completed in 2022, according to experts at Avison Young.

Poland Develia sells Wola Retro

Develia has signed a preliminary agreement for the sale of Wola Retro office building in Warsaw. The buyer is WR Office, owned by an investment fund managed by Adventum Group. The sale price was set at EUR 69.8 mln, or app. PLN 328.6 mln.

Poland A heritage site for 1 percent

25 January 2023

Szczecin is putting up for sale the building of a historic oil mill, which could be transformed into an interesting mix-use project. The property can be purchased with a 99 pct. discount on the net sale price.

Europe Enthusiasm remains high for Duodev 2

24 January 2023

Second closing has been sealed for the Duodev 2 fund initiated by the Mestdagh and Mulliez families, proposing to invest in European real estate projects developed by Equilis. Six months after the approval of the first closing, the Duodev 2 fund continues its success.

CENTRAL EUROPE Immofinanz – S Immo merger moves closer

23 January 2023

Austrian real estate companies S Immo and Immofinanz have signed a framework agreement to establish a joint process to review the further alignment, coordination, merger or other forms of integration across the two groups.

Poland Liberty Tower deal done

23 January 2023

AT Capital Group has finalised the acquisition of a plot at the junction of ul. Grzybowska and ul. Żelazna in central Warsaw from Golub GetHouse, which was planning to develop the Liberty Tower hotel and residential development on the site.

POLAND FLE picks up Kopernik Offices

19 January 2023

FLE SICAV FIS has acquired its fifth office property in Poland – the Kopernik Office Buildings complex in Warsaw from DWS for an undisclosed sum.

ROMANIA Olympia Tower changes hands

19 January 2023

Bluehouse Capital has sold the Olympia Tower office building in Bucharest to Gibraltar-based investor Yellow Tree for an undisclosed sum.

Czech Republic Colliers’ prognosis for the Czech market in 2023

13 January 2023

According to Colliers, rising energy prices, construction costs and rents, the crisis of restaurants, pressure for ESG compliance and changes in the Prague high street are the main trends that will affect the Czech real estate market in 2023.

Polska 7R sells to DWS

12 January 2023

7R, a warehouse developer, and DWS, a global real estate manager, have closed a transaction for the transfer of ownership of 7R Park Poznań East II, a warehouse park with a gross leasable area of over 51,000 sqm.

ROMANIA Adventum to add @Expo to its portfolio

04 January 2023

Adventum Group has signed an agreement to buy the @Expo office complex in Bucharest from its developer Atenor for an undisclosed sum.

Polska EUR 1 bln of bonds issued by Berlin Hyp

04 January 2023

Berlin Hyp has issued its first dual tranche of Social Pfandbrief and Green Pfandbrief bonds with a combined value of EUR 1 bln, Orders for the bonds are more than 3.5 times oversubscribed.

CEE REGION Erste lends EUR 160 mln to Globalworth

02 January 2023

Opr./edited by NN

CEE office investor Globalworth has secured two financing facilities for a combined EUR 160 mln from Erste Group.

HUNGARY Immofinanz sells six more office properties to S Immo

29 December 2022

S Immo has completed the purchase of a 124,000 sqm office portfolio in Budapest from Immofinanz for EUR 244.1 mln.