Investment &amp; finance

One United Properties has acquired for EUR 3.73 mln three historic buildings in the centre of Bucharest, which it now plans to redevelop.

POLAND Union sells Poznań Maraton

20 December 2022

Hamburg-based Union Investment has sold the Maraton office building in Poznań to a subsidiary of Austrian company Uniqa Real Estate for an undisclosed sum.

World Savills IM prognosis for 2023

14 December 2022

Savills has presented its Investment Management Outlook for real estate investment markets in 2023. Urban Industrial and logistics, essential retail, affordable housing, and real estate debt likely to be safest havens in the coming year.

POLAND EUR 30 mln EBRD loan for DL Invest

09 December 2022

The European Bank for Reconstruction and Development is extending a EUR 30 mln mezzanine loan facility to Polish real estate developer DL Invest Group to support the development of sustainable industrial and logistics real estate in the Polish regions.

World Stabilisation predicted from mid-2023

07 December 2022

In its latest Global Investor Outlook Colliers anticipates the process of stabilisation of the global real estate market to take hold by mid-2023. After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, survey findings point towards the potential for regression before stabilisation, with markets and sectors shifting at different velocities.

Poland Focus turns focus on Płock

06 December 2022

Ukrainian investor Focus Estate Fund has acquired the Atrium Mosty shopping centre in Płock, about 110 km northwest of Warsaw, for an undisclosed sum.

Poland Facing new challenges in 2023

05 December 2022

Savills has presented a preliminary summary of 2022 predicting key trends for the coming months. The commercial property market in Poland is facing uncertainty and rising prices but remains underpinned by strong fundamentals, which bodes well for the future, reveals Savills.

POLAND MLP raises PLN 183.5 mln in share offer

02 December 2022

Polish industrial developer MLP Group has raised PLN 183.5 mln in a public offering of 2,621,343 series F shares by way of a private placement on the Warsaw Stock Exchange directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of EUR 100,000. Based on an accelerated bookbuild process, the issue price of the shares was set at PLN 70.

POLAND LCP buys second retail park from Ghelamco

01 December 2022

Ghelamco has sold the Plac Vogla retail park in Warsaw’s Wilanów district to LCP Properties for an undisclosed sum.

CZECH REPUBLIC Penta secures loan for Metalica and Legatica

30 November 2022

Penta Real Estate has received a CZK 1.8 bln (app. EUR 73.9 mln) for the construction of two additional office buildings in its Nová Waltrovka development in Prague.

EUROPE Allianz moves into Polish and Finnish sheds

29 November 2022

Munich-based Allianz Real Estate has entered into a forward-purchase agreement with German logistics provider DHL for a portfolio of five logistics facilities under construction in Poland, the Netherlands and Finland.

HUNGARY Green Court Offices sold to French investor

28 November 2022

Groupama Gan REIM, on behalf of French investor SCPI Affinités Pierre, has acquired the Green Court Office complex in Budapest from Belgian developer Codic Hungary and its partners Picton Group and Pesti Házak for EUR 77.1 mln.

CENTRAL EUROPE CPI set to merge S Immo into Immofinanz

23 November 2022

Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo.

ROMANIA CA Immo exits Romania with largest ever deal

22 November 2022

Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.

Europe Increased sale and leaseback activity

21 November 2022

Despite a slowdown in commercial real estate (CRE) markets, a tough macroeconomic backdrop and tighter lending conditions are set to make property an increasingly attractive means to raise capital, according to new research from Colliers. Corporates can explore a variety of methods to monetise real estate assets, with sale and leaseback emerging as one of the most attractive.

Europe Strabag forecasts higher output for 2022

16 November 2022

Strabag, a European-based technology group for construction services, has announced its figures for the first nine months of 2022. The company expects to generate an output volume of at least 17 billion euro in the full year – the guidance in the half-year was 16.6 billion euro.

Poland EQT Exeter buys in Szczecin

16 November 2022

Eurobuild CEE

Waimea Holding has sold North-West Logistic Park 2 Szczecin, a complex of three fully commercialized warehouses in Szczecin, to a fund managed by EQT Exeter. The total area of the land and the property is over 27,000 sqm.

EuropE Q4 expected to be less active

15 November 2022

In its latest Global Capital Markets report Collier’s has analysed investment volumes across the Central and Eastern Europe region. According to the overview, investment volumes for the first three quarters of 2022 in CEE region were up by 3 pct year-on-year, but a noticeable slowdown from Q2 has been recorded.

SLOVAKIA EUR 100 mln loan for Bory Mall

14 November 2022

Penta Real Estate has obtained a EUR 100 mln bank loan to refinance the debt of Bory Mall in Bratislava.

Europę PBSA market sets records

10 November 2022