Investment &amp; finance

Cavatina has announced EUR 206.5 mln in completed transactions over 2020.

Frito Lay sells Warsaw land

15 January 2021

Frito Lay Poland, a subsidiary of PepsiCo is selling 5,388 sqm of land and buildings held in perpetual usufruct at ul. Zamojskiego 24/26 in Warsaw.

CZECH REPUBLIC Albtatros swoops into Mayhouse

13 January 2021

Albatros Media, the biggest publishing house in the Czech Republic, is moving its headquarters to the Mayhouse office building in Prague 4.

Romania One takes stake in Glass Rom

12 January 2021

Real estate developer One United Properties has taken a stake of over 20 pct in Glass Rom Impex, having purchased the shares from the owner of the company, Adrian Zamfir.

CENTRAL EUROPE Starwood poised to launch CA Immo takeover bid

11 January 2021

US financial investor Starwood intends to launch an anticipatory mandatory takeover offer for all CA Immo shares and convertible bonds not yet held by the company.

Ronson buys Warsaw land

10 January 2021

Ronson Development signed has acquired 2,715 sqm on ul. Studzienna in Warsaw for PLN 13.5 mln net.

Avison Young teams up with Limehouse to enter Hungary

09 January 2021

Avison Young has announced a strategic affiliation with real estate advisory and asset management group Limehouse, which will now run its advisory services in Hungary under the Avison Young brand.

POLAND Yareal sells two Lixa buildings to Koreans for EUR 82.2 mln

04 January 2021

Yareal has finalised the sale of the first phase the Lixa office complex in central Warsaw for EUR 82.2 mln to Hana Investment, a South Korean consortium represented by Commerz Real.

CEE REGION GTC coping with portfolio value slide

31 December 2020

Opr./edited by NN

The value of Globe Trade Centre’s real estate portfolio is expected by the group to have decreased by app. EUR 74 mln in the three-month period ending December 31st, 2020 – a decline of 3.4 pct on the appraised value of EUR 2.161 bln at the end of September.

CEE REGION Poland and Romania weather the storm

28 December 2020

Opr./edited by NN

The real estate investment volume for 2020 in the main CEE countries is expected to reach EUR 9.4 bln, a third down on last year’s figure, according to Cushman & Wakefield.

POLAND GalCap picks up Koszykowa 54

22 December 2020

Viennese real estate investor Galleon Capital Management (GalCap) has acquired the Koszykowa 54 office building in central Warsaw from the UBS Real Estate Kapitalanlagegesellschaft fund for an undisclosed sum.

CZECH REPUBLIC Churchill Square sold in largest office deal of 2020

22 December 2020

Penta Real Estate has sold the Churchill Square office complex in Prague to a joint venture between Českomoravská Nemovitostní (ČMN) and Middle Eastern investor Corporate Finance House Group (CFH) for more than CZK 4 bln (app. EUR 152 mln).

Poland MIRA invests over EUR 300 mln in 2020

17 December 2020

MIRA Real Estate, which includes the former GLL Real Estate Partners, has continued to expand its presence in logistics real estate with more than EUR 300 mln in European transactions agreed over 2020.

Czech Republic Aareal refinances two CTP parks

17 December 2020

Aareal Bank has arranged and underwritten the EUR 403.5 mln refinancing of two logistics and industrial parks in the Czech Republic on behalf of CTP.

LITHUANIA Lords sells Vilnius SEB HQ to Luxembourg fund

17 December 2020

Closed-ended real estate investment fund Lords LB Special Fund II has sold SEB Bank’s headquarter building in Vilnius to DEREIF SICAV FIS, which is managed by Luxembourgish asset and investment specialist REInvest Asset Management.

Poland Warehouses stay top of the investment charts

16 December 2020

This year’s total commercial property investment volume in Poland is likely to be around EUR 5.5 bln, a 30 pct decrease year-on-year, according to the latest figures from Savills.

Poland EIB supports Poland in battle with Covid

15 December 2020

The Polish Development Fund (Polski Fundusz Rozwoju - PFR) has issued debt securities with a nominal value of PLN 500 mln, which have been fully subscribed by the European Investment Bank (EIB).

CEE region Office market in the doldrums

15 December 2020

The first three quarters of 2020 across the CEE saw a 37.5 pct decrease in overall office investment volumes compared to the same period of 2019, according to figures published by Colliers International.

ROMANIA S Immo to buy Campus 6 second stage

14 December 2020

Austrian-based real estate company S Immo is to acquire the Campus 6.2 and 6.3 office buildings in Bucharest from Skanska for an undisclosed sum.