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Investment & finance

Romania M Core acquires 25 retail parks

schedule 07 December 2023
Opr./edited by ANZ

Mitiska REIM has completed the sale of 25 retail parks in Romania to LCP Group, part of M Core, for EUR 219 mln. This is one of the largest retail real estate transactions in Romania.

Investment & finance

Poland Cavatina finalises purchase on ul. Chmielna

schedule 06 December 2023
Opr./edited by ANZ

As previously announced, Cavatina has purchased a site located in the centre of Warsaw at ul. Chmielna 75. The transaction amounts to more than PLN 145 mln. The group intends to develop a mixed-use project in this location, with a predominantly residential function.

Investment & finance

Latvia Six Sunly solar parks in Latvia

schedule 06 December 2023
Opr./edited by ANZ

Estonian renewable energy company and independent energy producer Sunly is planning to build six solar parks in Latvia with a total capacity of 52 MW. The construction is financed by Swedbank with EUR 22 mln. This is Swedbank’s biggest contribution to the solar park sector in Latvia.

Investment & finance

Croatia S Immo sells Eurocenter in Zagreb

schedule 04 December 2023
Opr./edited by ANZ

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm.

Investment & finance

Poland mBank provides loan for 7R

schedule 30 November 2023
Opr./edited by ANZ

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

Investment & finance

Poland Galeria Tarnovia changes hands

schedule 30 November 2023
Opr./edited by ANZ

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).

Investment & finance

Poland Transaction at ul. Cybernetyki

schedule 27 November 2023
Opr./edited by BL

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

Investment & finance

Poland mBank to support MLP Group with EUR 12 mln

schedule 23 November 2023
Opr./edited by ANZ

mBank has provided MLP Group with financing of nearly EUR 12 mln. The funds raised will be used to refinance the construction of a 32,000 sqm warehouse facility at the MLP Pruszków II logistics centre.

Investment & finance

Poland Panattoni has borrowed from Alior

schedule 22 November 2023
Opr./edited by JC

Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów near Gliwice. The construction of the factory has been financed by a loan from Alior Bank of over EUR 24 million.

Investment & finance

Poland Globalworth gets millions

schedule 20 November 2023
Opr./edited by JC

Globalworth has been granted funding in the form of a EUR 145 mln bank loan. The financing covers the Skylight and Lumen buildings on ul. Złota, as well as the Hala Koszyki.

Investment & finance

Czech Republic CTP gets money from pbb

schedule 16 November 2023
Opr./edited by JC

Pbb Deutsche Pfandbriefbank has provided a EUR 113 mln investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic.

Investment & finance

CEE Lucky quarter for Nepi

schedule 16 November 2023
Opr./edited by JC

Nepi Rockcastle’s net operating income rose 23 pct in the first nine months of 2023 to EUR 365 million, versus the same period of 2022. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022.

Investment & finance

Poland EUR 75 mln for Cedet

schedule 09 November 2023
Opr./edited by ANZ

PBB Deutsche Pfandbriefbank has granted a 75 mln euro investment loan to a Polish company managed by Macquarie Asset Management. The loan will be used to refinance the Cedet office building in Warsaw.

Investment & finance

Europe Between uncertainty and optimism

schedule 08 November 2023
Opr./edited by ANZ

According to the latest report from PwC and the Urban Land Institute, 75 pct of real estate leaders agree current valuations “do not accurately reflect” all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.

Investment & finance

Poland Stokado acquires Top Box

schedule 08 November 2023
Opr./edited by ANZ

Stokado, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box self-storage rental company. As a result, Stokado has added 4,500 sqm to its portfolio of operating assets and further 4,500 sqm to development pipeline.

Investment & finance

Poland Brownfield projects get millions

schedule 06 November 2023
Opr./edited by JC

Hillwood Poland has signed a loan agreement worth more than EUR 13 million with BNP Paribas Bank for the development of a logistics park in Syców, as well as an agreement worth more than EUR 35 million for the development of a park in Rawa Mazowiecka.

Investment & finance

Czech Republic LOI signed for Czech portfolio acquisition

schedule 03 November 2023
Opr./edited by ANZ

S Immo has signed a non-binding letter of intent with Czech Property Investments, a subsidiary of CPI Property Group, to acquire a property portfolio in the Czech Republic. 

Investment & finance

CEE Fundamentals in CEE remain fairly robust

schedule 03 November 2023
Opr./edited by ANZ

The pricing gap between buyers’ and sellers' expectations remains a significant barrier to seeing volumes return to the 5 and 10-year average levels of EUR 10-11 bln, however, lower levels of vacancy are being recorded and some good levels of rental growth in certain sectors have been noted, reveals Colliers in its latest “Q3 2023 CEE Investment Scene” report.

Investment & finance

Poland Crestyl takes control of Spravia

schedule 02 November 2023
Opr./edited by JC

Crestyl has completed the acquisition of the remaining 50 pct stake in Spravia from Cornerstone Partners, giving it full control of the company.

Investment & finance

Germany GGC sells to Sonar

schedule 02 November 2023
Opr./edited by JC

Sonar Real Estate has secured an office property in Munich in a joint venture with a global institutional investor. The seller, Global Gate Capital, is an international investment firm that invests across alternative asset classes and public markets.

Edition 3 (286) March 2024

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