Investment & finance

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Investment & finance

POLAND Strong H1 volumes despite the virus

schedule 01 July 2020
Opr./edited by NN

An investment volume of EUR 2.9 bln was transacted on Polish real estate in the second best H1 on record, according to JLL.

Investment & finance

POLAND Investor confidence set to recover – Cresa

schedule 30 June 2020
Opr./edited by RO

Despite the impact of the pandemic, Poland should continue to be an attractive commercial real estate investment destination, according to Cresa.

Investment & finance

CZECH REPUBLIC City West C1 and C2 sold for CZK 2 bln

schedule 29 June 2020
Nathan North
managing editor (English section)

Czech real estate group Českomoravská Nemovitostní (ČMN) has completed the CZK 2 bln (app. EUR 74.5 mln) acquisition of two office buildings: City West C1 and C2 in Prague’s western Stodůlky district.

Investment & finance

POLAND Tomasz Trzósło approved as EPP CEO

schedule 29 June 2020
Opr./edited by RO

A general meeting of shareholders has approved the appointment of Tomasz Trzósło to the position of CEO of EPP.

Investment & finance

POLAND Corum buys DSV ISS centre

schedule 22 June 2020
Opr./edited by RO

French investor Corum Asset Management has completed the acquisition of the new DSV International Shared Service Centre in Warsaw’s Mokotów business district from DSV in a sale-and-lease-back deal.

Investment & finance

Hungary GalCap picks up Rumbach Center

schedule 19 June 2020
Opr./edited by NN

Vienna-based asset and investment manager GalCap Europe has acquired the Rumbach Center in Budapest’s central VII district for a German pension fund for an undisclosed sum.

Investment & finance

Poland Reino teams up with Brits to buy Logistic City

schedule 18 June 2020
Nathan North
managing editor (English section)

Reino Capital has announced that it has concluded the purchase of the Logistic City complex in Piotrków Trybunalski in central Poland for an undisclosed sum.

Investment & finance

Poland Tesco to sell Polish business to Netto

schedule 19 June 2020
Nathan North
managing editor (English section)

British retailer Tesco has announced the sale of its Polish hypermarket chain to Salling Group, the Danish owner (among others) of the Netto chain.

Investment & finance

Czech Republic Albert sells Čestlice centre to HSTN

schedule 17 June 2020
Nathan North
managing editor (English section)

Albert ČR has sold its shopping centre in Čestlice, on Prague’s southeastern outskirts, to HSTN Holding for an undisclosed sum.

Investment & finance

EUROPE RICS now mediates online

schedule 15 June 2020
Rafał Ostrowski
journalist

RICS has launched an online mediation service as a response to the growing number of real estate market disputes, including rental payment disputes  resulting from the covid 19 crisis.

Europe Market goes from sunny to gloomy – Deloitte

schedule 09 June 2020
Nathan North
managing editor (English section)

The percentage of investors in Europe planning to focus on new markets plummeted from 20 pct in January to zero at the end of April, according to Deloitte’s latest market confidence survey.

Investment & finance

Allianz gets an Eiffel

schedule 05 June 2020
Nathan North
managing editor (English section)

HUNGARY Allianz Real Estate has completed the 100 pct acquisition of the Eiffel Square office building in Budapest.

Investment & finance

Arete secures EUR 80 mln in financing

schedule 04 June 2020
Nathan North
managing editor (English section)

CZECH REPUBLIC The Arete real estate investment group has received a loan of EUR 80 mln from Raiffeisenbank.

Investment & finance

HB Reavis sells and buys in London

schedule 04 June 2020
Nathan North
managing editor (English section)

SLOVAKIA/UK Slovak developer HB Reavis has sold its office building at 20 Farringdon Street in central London and has also announced the acquisition of a new property in the city, which after redevelopment will be become Quick & Tower House, a 135,000 sq ft (12,540 sqm) commercial project in Shoreditch.

Investment & finance

S Immo confident in spite of EUR 31.5 mln write-down

schedule 03 June 2020
Nathan North
managing editor (English section)

CE REGION S Immo enjoyed good operational performance in Q1 2020, but was also impacted by a EUR 31.5 mln write-down in the value of its portfolio due to the pandemic.

Investment & finance

Equal Business Park from Cavatina to Apollo-Rida

schedule 03 June 2020
Nathan North
managing editor (English section)

POLAND The Equal Business Park office complex in Kraków developed by Cavatina Holding has been sold for an undisclosed sum to a consortium managed by Apollo-Rida.

Investment & finance

CPI looking ahead to post-pandemic life

schedule 01 June 2020
Nathan North
managing editor (English section)

CZECH REPUBLIC CPI Property Group saw its net profit increase by 118 pct y-o-y in Q1 2020 to EUR 62 mln.

Investment & finance

City One in Wrocław sold for EUR 33.8 mln

schedule 01 June 2020
Nathan North
managing editor (English section)

POLAND Archicom has finalised the sale of the City One office building in central Wrocław to an undisclosed international institutional investor for EUR 33.8 mln.

Investment & finance

Immofinanz makes EUR 37 mln Q1 loss

schedule 01 June 2020
Nathan North
managing editor (English section)

CE REGION Immofinanz suffered a net loss of EUR 37.6 mln in the first quarter of 2020 – down from a net profit of EUR 30.4 mln in Q1 2019.

Good Q1 for CA Immo

schedule 29 May 2020
Nathan North
managing editor (English section)

CE REGION CA Immo’s results in the first quarter were “barely affected by the Covid-19 pandemic” and showed a significant increase in net income, according to the company.

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