Investment &amp; finance

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

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.

POLAND AFI buys T-Mobile Office Park for EUR 100 mln

Opr./edited by NN

AFI Properties has signed an agreement to acquire T-Mobile Office Park in Warsaw for around EUR 100 mln.

Czech Republic Accolade refinances four parks

Česká Spořitelna bank has provided a refinancing loan to the Accolade Industrial Fund worth CZK 2 bln (app. EUR 76 mln) while Slovenská Sporiteľňa bank is helping the fund with its expansion in Slovakia.

CEE REGION Cromwell buys EUR 113.2 mln Czech-Slovak portfolio

Cromwell European Real Estate Investment Trust has announced that it will be acquiring a portfolio comprising eleven Czech and Slovak logistics and light industrial properties with almost 125,500 sqm for EUR 113.2 mln from Arete Invest.

Poland TDJ to remove PGO from stock exchange

10 December 2020

TDJ is to purchase the 30,157,629 outstanding shares in PGO for PLN 1.25 a share, which represents a 9.6 pct premium on the six-month average price.

Europe EQT snaps up Apleona

09 December 2020

Apleona is to be acquired by French private-equity company PAI Partners from Swedish-based investment company EQT.

Poland Land purchases to begin for Port Solidarność

07 December 2020

The government has announced its Voluntary Acquisition Programme (PDN) for purchasing the land on which the Port Solidarność, airport and transport hub is to be built. Those wishing to sell land within the designated area should apply to public company CPK. Land purchases are expected to continue until 2023.

CEE REGION GTC issues EUR 110 mln of green bonds

07 December 2020

Globe Trade Centre’s Hungarian subsidiary, GTC Real Estate Development Hungary, has issued 792 senior unsecured ‘green bonds’ with a nominal value of HUF 50 mln each (app. EUR 140,000) and a total value of HUF 39.6 bln (app. EUR 110 mln).

Waiting for the rebound

04 December 2020

By the end of the year, the Polish economy is expected to have contracted by 3-3.5 pct compared to 2019. Nevertheless, Poland’s GDP is expected to start growing again in 2021 and expand by around 4 pct in 2021, according to Cushman & Wakefield.

Poland Cordia to finish Polnord takeover

04 December 2020

Cordia has applied to buy all the outstanding shares in Polnord in a public tender.

Poland Tesco sells city sites to Echo

03 December 2020

Echo Investment has bought properties from the Tesco group in Poznań, Łódź and Kraków and is planning to use the sites for open city quarter placemaking projects with a total of 240,000 sqm of residential, office and retail space.

POLAND Spark B sold to Stena for EUR 70 mln

03 December 2020

Skanska has sold the second building of the Spark office complex in Warsaw to Swedish company Stena Fastigheter for EUR 70 mln.

World Savills IM foresees recovery

01 December 2020

Around 59 pct of global real estate investors expect real estate markets in Europe to recover in 2021, with 52 pct expecting the recovery to begin between Q2 and Q4 next year according to the latest research published by Savills IM in the 'Building resilience in global real estate portfolios' report.

CEE REGION CTP raises EUR 400 mln in second green bond issue

01 December 2020

Czech industrial developer CTP carried out its second, EUR 400 mln, green bond issue on November 27th.

EUROPE Savills IM partners with Vestas for EUR 226 mln logistics fund

30 November 2020

Savills Investment Management and Vestas Investment Management haves launched The Vestas European Strategic Allocation Logistics Fund (VESALF I).

CZECH REPUBLIC IBC finally sold to Generali

30 November 2020

Generali Real Estate has finalised the acquisition of International Business Centre in central Prague for an undisclosed sum

HUNGARY Resolution debuts on the Danube

23 November 2020