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Investment & finance

World Real estate at a pivot point

schedule 18 March 2024
Opr./edited by JC

Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a "pivot point", with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute. 

Investment & finance

CEE NEPI Rockcastle boosts the pipeline

schedule 12 March 2024
Opr./edited by ANZ

NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.

Investment & finance

Poland Rock Park Przeworsk changes owner

schedule 11 March 2024
Opr./edited by ANZ

The Rock Park Przeworsk retail park, opened at the beginning of February, gained a new owner after a month of operation. The transaction took place between RockCapital. and ME Invest, a company owned by TERG S.A., owner of the Media Expert chain. 

Investment & finance

Poland MLP Group announces EUR 41 mln bond issue

schedule 07 March 2024
Opr./edited by ANZ

MLP Group has successfully placed EUR 41 mln worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank.

Investment & finance

Lithuania Technopolis Ozas sold in Vilnius

schedule 05 March 2024
Opr./edited by ANZ

Investment firm Lords LB Asset Management has completed the purchase of the Technopolis Ozas office campus in Vilnius with a total area of over 100,000 sqm. The seller was Technopolis Lietuva.

Investment & finance

Romania Żabka Group concludes formal process of merging

schedule 04 March 2024
Opr./edited by ANZ

Żabka Group has received approval from the Romanian National Authority for Consumer Protection to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result, Żabka Group met all regulatory requirements and finalised the transaction.

Investment & finance

Europe Europe must be ready for "twin transitions"

schedule 29 February 2024
Opr./edited by JC

Erste Group Bank recorded an operating result of 5.5 bln euros in 2023, an increase of 38 pct compared to the previous year. The company expects that economies in CEE region return to growth path in 2024.

Investment & finance

Poland Panattoni builds, Millennium finances

schedule 29 February 2024
Opr./edited by JC

Panattoni has received financing for the expansion of Panattoni Park Ruda Śląska II. The loan of EUR 9.4 mln was granted by Millennium Bank.

Investment & finance

Czech Republic Rebalancing of prices is expected

schedule 26 February 2024
Opr./edited by ANZ

According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.

Investment & finance

Poland Concept Tower changes hands

schedule 22 February 2024
Opr./edited by JC

CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.

Investment & finance

Poland Hoping for smooth waters

schedule 14 February 2024
Opr./edited by ANZ

With a total investment volume of just over EUR 2 bln, performance in 2023 on the commercial real estate investment market in Poland fell by two-thirds compared to volumes in the previous three years. However, Avison Young experts, according to Property investment market in Poland 2023, expect the situation to stabilise this year and investor activity to recover throughout 2024.

Investment & finance

Croatia Immofinanz sells in Zagreb

schedule 09 February 2024
Opr./edited by ANZ

Immofinanz has closed the sale of the Grand Center Zagreb office property to a Croatian real estate company. The parties do not disclose the amount of the transaction.

Investment & finance

Poland Trigea buys Arkády Pankrác

schedule 08 February 2024
Opr./edited by ANZ

Trigea fund has finalised the purchase of the Arkády Pankrác shopping centre in Prague. This is the largest ever retail real estate transaction by domestic funds in the Czech Republic, with a value in excess of CZK 6 bln.

Investment & finance

Poland Sandecja changes hands

schedule 07 February 2024
Opr./edited by JC

A company from the Agat Ejendomme group (formerly TK Development) completed the sale of the Sandecja shopping mall in Nowy Sącz. The new owner of the facility is Focus Estate Fund.

Investment & finance

Europe CTP issues green bonds

schedule 06 February 2024
Opr./edited by JC

CTP announces the successful placement of EUR 750 mln green bond with a six-year maturity and a 4.750 pct fixed coupon. The notes were settled and admitted to trading on Euronext Dublin.

Investment & finance

Poland Palmira goes shopping

schedule 31 January 2024
Opr./edited by JC

Palmira has acquired a property in Krągola, situated between Poznań and Łódź, for the European Core Logistics Fund. Built in 2014 and occupied by Eurocash, the property comprises almost 40,000 sqm of hall and office space.

Investment & finance

Poland Polish PRS goes Dutch

schedule 29 January 2024
Opr./edited by ANZ

Dutch investment fund Van der Vorm has bought around 120 apartments from a Polish developer in Warsaw's Praga Południe district. The completed flats on ul.  Siennicka are intended for long-term rental.

Investment & finance

Czech Republic ZDR goes shopping

schedule 29 January 2024
Opr./edited by ANZ

ZDR Investments Group has completed its first acquisition of the year. The company purchased a Billa grocery store with adjoining retail in the Prague district of Kunratice for its qualified investor fund.

Investment & finance

CEE Colliers’ predictions for 2024

schedule 23 January 2024
Opr./edited by ANZ

The CEE-6 is poised for a significant GDP growth rate surge, tripling from below 1 pct last year to around 2.5 pct, retail parks continue to be a central focus driving market growth, the slowdown in deliveries of new offices will aid in filling vacant spaces, especially in modern/ESG-compliant offices – these are some of the predictions for the CEE-6 in 2024 just revealed by Colliers.

Investment & finance

Poland Imagine to be refinanced

schedule 23 January 2024
Opr./edited by ANZ

Avestus Real Estate has signed a loan agreement for the refinancing of the Imagine office complex in Łódź. The loan, totalling EUR 23.9 mln, was provided by mBank.

Edition 3 (286) March 2024

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