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Investment & finance

Healthy Q1, not so healthy Q2, healthier Q3? - Colliers

schedule 30 April 2020
Nathan North
deputy editor

CEE REGION In Q1, the residential sector topped the investment market in a single deal across the CEE region, according to Colliers International’s ‘CEE Investment Scene Q1 2020’ report. Offices maintained their position in the ranking (with a 27 pct share), closely followed by industrial and logistics (26 pct).

Investment & finance

Optimism tentatively returns – Savills

schedule 29 April 2020
Nathan North
deputy editor

WORLD Savills, in its latest global sentiment survey of the impact of Covid-19, concludes that the outlook has improved slightly.

Investment & finance

Cordia raises Polnord stake above 90 pct

schedule 28 April 2020
Nathan North
deputy editor

POLAND/HUNGARY Hungarian real estate company Cordia International has raised its stake in Polish residential developer Polnord to 92.92 pct.

Investment & finance

UBS optimistic about CEE

schedule 28 April 2020
Nathan North
deputy editor

CEE REGION Despite the turbulence surrounding the Covid-19 pandemic, the prospects remain good for certain segments of the CEE real estate market in terms of returns for investors, according to research by UBS Global Wealth Management.

Investment & finance

Reico buys two Sered’ sheds

schedule 27 April 2020
Nathan North
deputy editor

SLOVAKIA Reico IS ČS has bought two modern industrial buildings with a total area of 45,000 sqm for EUR 30.6 mln in the PNK Park Sered’ complex near Bratislava.

Investment & finance

CPI revealed as buyer of over half of Warsaw tower

schedule 24 April 2020
Nathan North
deputy editor

POLAND CPI Property Group has announced that it has acquired a 50.3 pct stake in the Chałubinskiego 8 office tower in central Warsaw.

Investment & finance

Immofinanz stokes merger rumours with new CEO

schedule 23 April 2020
Nathan North
deputy editor

CENTRAL EUROPE Ronny Pecik has been appointed to the executive board for three years and to the position of CEO of Austrian real estate group Immofinanz, starting May 4th.

Investment & finance

Record Q1 for Polish investment volumes

schedule 20 April 2020
Nathan North
deputy editor

POLAND The total investment volume on the Polish real estate market in Q1 2020 came to almost EUR 1.8 bln, the second highest figure on record for the quarter, according to JLL.

Investment & finance

Elite closes first fund with Polish acquisition

schedule 16 April 2020
Nathan North
deputy editor

POLAND Singapore-based alternative asset managers Elite Partners Capital has announced the first close of its pure play Elite Logistics Fund.

Investment & finance

Amundi enters Poland to buy Nowogrodzka Square

schedule 16 April 2020
Nathan North
deputy editor

POLAND French investor Amundi Real Estate, on behalf of its managed funds, has completed the acquisition of the Nowogrodzka Square office building in central Warsaw from French developer Yareal.

Investment & finance

Penta sells D48 offices to IAD

schedule 15 April 2020
Nathan North
deputy editor

POLAND Penta Real Estate has sold the D48 office building in Warsaw’s Służewiec business district to fellow Slovak company IAD Investments for an undisclosed sum.

Investment & finance

Aurec acquires PRS tower in Warsaw

schedule 14 April 2020
Nathan North
deputy editor

POLAND Aurec Capital has completed the acquisition of the Puławska 186 project in Warsaw’s Mokotów district from Matexi Polska for more than PLN 100 mln.

Retail portfolio deals continue to grow

schedule 14 April 2020
Nathan North
deputy editor

POLAND Portfolio transactions have been increasing on the Polish retail market, according to real estate advisory Cresa’s recent ‘Retail Occupier Economics 2019’ report.

Investment & finance

Optima to take over GTC

schedule 09 April 2020
Nathan North
deputy editor

CEE REGION The Optimum Ventures Private Equity Fund, which is owned by the National Bank of Hungary’s fund manager Optima, has announced that it has entered into a conditional share purchase agreement to acquire Lone Star's majority shareholding in Globe Trade Centre S.A.

Immofinanz moves AGM to October

schedule 08 April 2020
Nathan North
deputy editor

CENTRAL EUROPE Austrian-based real estate investor Immofinanz has decided to reschedule the 27th annual general meeting, originally planned for May 22nd, due to the Covid-19 pandemic.

Ups and downs for Budimex

schedule 07 April 2020
Opr./edited by AKL

POLAND Budimex’s net revenue from the sales of products and materials amounted to slightly more than PLN 6.9 bln in 2019.

Investment & finance

Generali buys iconic Prague department store

schedule 06 April 2020
Nathan North
deputy editor

CZECH REPUBLIC Generali Real Estate has acquired the Kotva department store in Prague for an undisclosed sum from Pražská Správa Nemovitostí (PSN) through its pan-European fund Generali Real Estate Asset Repositioning SA (GREAR). According to local media, the property changed hands for CZK 4 bln (app. EUR 150 mln), which would make it the largest real estate deal on the Czech market this year.

Aareal suspends dividends

schedule 06 April 2020
Nathan North
deputy editor

CENTRAL EUROPE Aareal Bank’s management board has resolved to suspend the payment of dividends for the 2019 and 2020 financial years at least until October 1st 2020.

Investment & finance

Hines sells warehouse portfolio and Nord Point

schedule 03 April 2020
Opr./edited by TC

POLAND Hines Poland Sustainable Income Fund (HPSIF), an investment fund managed by Hines Polska, has finalised the sale of a portfolio of six distribution parks and the Nord Point office building in Warsaw’s Białołęka district to CGL Investment Holdings Corporation Limited.

Investment & finance

Record revenues for CDRL

schedule 02 April 2020
Opr./edited by AKL

POLAND CDRL group, the owner of the Coccodrillo and Buslik clothing and accessories chains, generated record-high consolidated sales revenues of PLN 514.1 mln in 2019. This is an increase of almost 105 pct compared to the PLN 251.3 mln it earned a year earlier.

Edition 11 (293) November 2024

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