Investment &amp; finance

Swiss-based private equity firm Partners Group, German investment manager Peakside Capital and a group of additional third-party co-investors have acquired a warehouse portfolio in the Warsaw area from Cromwell Property Group for an undisclosed sum.

SLOVAKIA Slovak green light for CPI’s Immofinanz takeover

16 February 2022

The Slovak antimonopoly authority (PMÚ SR) has approved the takeover of Austrian real estate investor Immofinanz by Prague-based CPI Property Group.

CZECH REPUBLIC REICO adds Bořislavka Centrum to portfolio

11 February 2022

Czech real estate investment manager Reico IS ČS (part of the Erste banking group) is to acquire the Bořislavka Centrum office and retail building in Prague 6 on behalf of its ČS Nemovitostní Fond (ČS Real Estate Fund) for an undisclosed sum.

POLAND KGAL seals Fuzja deal

10 February 2022

German fund manager KGAL Investment Management has finalised the purchase of the Fuzja Office I building in Łódź on behalf of a pan-European special alternative investment fund from Echo Investment for EUR 56.4 mln.

CZECH REPUBLIC Portiva buys Smíchoff for a billion

10 February 2022

Brno-based investment group Portivo has acquired the Smíchoff office building in Prague from Penta Real Estate for more than CZK 1 bln (app. EUR 41 mln).

POLAND Patrizia sells Warsaw portfolio to VIG

09 February 2022

German investment manager Patrizia has sold for an undisclosed sum a 15,400 sqm office portfolio in Warsaw to VIG Fund, a real estate vehicle owned by Vienna Insurance Group.

WORLD More than EUR 4 bln transacted by Savills IM in 2021

07 February 2022

UK-based real estate investment manager Savills Investment Management recorded a transaction volume of EUR 4.1 bln in 2021 across its real estate equity and debt platforms.

EUROPE Blackstone acquires EUR 520 mln portfolio

04 February 2022

The Blackstone European Property Income Fund (BEPIF) has acquired a EUR 520 mln pan-European logistics portfolio from Elite Logistics Fund I.

CENTRAL EUROPE CPI buys S Immo stake in Immofinanz

01 February 2022

CPI Property Group has acquired S Immo’s 12.69 pct stake in Immofinanz, bringing to an end S Immo’s rival takeover bid for the Austrian real estate company.

CZECH REPUBLIC Czech investment volume down 39 pct

01 February 2022

Czech commercial real estate investment volumes in 2021 totalled EUR 1.67 bln – down by 39 pct y-o-y and 45 pct lower than the pre-pandemic year of 2019, according to figures provided by Savills.

HUNGARY Wing swoops in for Airport City

01 February 2022

Hungarian developer Wing has acquired the Airport City logistics park near Budapest from CPI PG for an undisclosed sum.

HUNGARY CA Immo sells R70 for EUR 30 mln

31 January 2022

CA Immo has sold the R70 office building in Budapest to local construction firm Épkar for almost EUR 30 mln.

POLAND Strabag RE to replace Galeria Plaza in Kraków

28 January 2022

Strabag Real Estate has acquired the defunct Galeria Plaza shopping centre in Kraków and the 8 ha plot it stands on from Peakside Capital Advisors for an undisclosed sum.

POLAND FLE enters Warsaw to buy Mokotów Plaza

28 January 2022

M7 Real Estate has sold the Mokotów Plaza office building in Warsaw to Vienna-based FLE for an undisclosed sum.

CENTRAL EUROPE Immofinanz rejects CPI’s improved bid

27 January 2022

Austrian real estate company Immofinanz has recommended to its investors reject the share price offered by Prague-based CPI Property Group in its takeover bid, as, in the opinion of its executive and supervisory boards, it is too low – although it “welcomes” CPI’s increased offer to EUR 22.70.

Romania Investment growth in Romania

26 January 2022

The volumes invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech Republic and Hungary saw a downturn compared to 2020, according to data from Cushman & Wakefield Echinox.

POLAND Echo bond issue four times oversubscribed

25 January 2022

The PLN 50 mln bond issue for individual investors by Polish developer Echo Investment has been more than four times oversubscribed.

CTP raises EUR 700 mln in green bond issue

24 January 2022

Warehouse developer CTP has issued four-year green bonds worth EUR 700 mln as part of its EUR 8 bln medium-term note programme.

Europe P3 raises EUR 1 bln through bond issue

24 January 2022

P3 has issued its inaugural senior unsecured dual-tranche Green Bonds worth EUR 1 bln to be traded on the Euro MTF Market and listed on the Luxembourg Stock Exchange.