PL

X5 enjoys first quarter growth

Investment & finance
RUSSIA X5 Retail Group achieved a 7.5 pct y-o-y increase in net sales to USD 4.16 bln in the first quarter. Gross profit for the company was also up 7.3 pct on Q1 2012 to USD 1.016 bln, with a gross profit margin of 24.4 pct.
EBIDTA grew by 3.7 pct y-o-y over the period to USD 284.2 mln, while operating profit was up 1.6 pct to USD 173.7 mln. Net profit was USD 65.1 mln – a 1.8 pct increase on Q1 2012. X5 Retail operates the Karusel hypermarket chain and the Perekrestok supermarket chain, among others.

Latest news

ESG

Romania U-Center 2 is WELL

schedule 28 March 2024
Opr./edited by ANZ

Forte Partners has announced WELL Health-Safety Rating certification for U-Center 2, the office building the developer put into operation in September 2023.

Warehouse & industrial

Poland Panattoni has secured millions

schedule 28 March 2024
Opr./edited by JC

Panattoni has won financing for the development of its latest development in Western Pomerania. The EUR 20 mln loan was granted by mBank.

Retail & leisure

Poland Smart Parks are springing out

schedule 28 March 2024
Opr./edited by JC

Smart Park Poland and RG Leasing announced the latest progress in the implementation of their investment projects. After last year's openings in Mława and Wąbrzeźno, more locations are coming up.

Warehouse & industrial

Poland Malaysian debut in Poland

schedule 27 March 2024
Opr./edited by JC

Malaysian retail chain, MR D.I.Y., begins operations in Polish market at Hillwood Zgierz I. The company has leased nearly 5,000 sqm at the park to set up its first logistics center in Central Europe.

Warehouse & industrial

The Czech Republic For the first time in the Czech Republic

schedule 27 March 2024
Opr./edited by ANZ

The 7R Group has been granted permission to build a warehouse in the Czech Republic. This is the first foreign project for the company, which has been growing dynamically in Poland for 15 years. The value of the investment is more than EUR 30 mln.

Warehouse & industrial

Poland Outsourcing for e-commerce in Syców

schedule 26 March 2024
Opr./edited by ANZ

Logistics operator 3LP, specialising in automated outsourcing of logistics services for e-commerce sector, is opening its next location. The company has leased 17,000 sqm in the Hillwood Syców logistics park.

Property and Facility Management

Romania Joint venture management for Romanian portfolio

schedule 26 March 2024
Opr./edited by ANZ

M Core announces the launch of ‘Square 7 part of M Core’, a strategic joint venture between M Core and Square 7 Properties, to establish a new management platform for the M Core portfolio of 25 retail parks across Romania.

ESG

Albania First BREEAM certificate in Albania

schedule 26 March 2024
Opr./edited by JC

Park Avenue Tower in Tirana has become the first Albanian office project to secure BREEAM Design Stage certification with an Excellent rating.

Office & mixed-use development

Poland Trident is staying in Tricity

schedule 26 March 2024
Opr./edited by JC

Trident BMC, which cooperates with maritime, shipbuilding and offshore industry clients, will continue as a tenant in C200 Office. It has renewed and expanded its lease to occupy more than 2,200 sqm of office space.

Office & mixed-use development

The Czech Republic Regional market increasingly attractive

schedule 25 March 2024
Opr./edited by ANZ

According to the latest survey by Colliers, regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high quality, office space outside of Prague.

Office & mixed-use development

Poland Hybrid is still going strong

schedule 25 March 2024
Opr./edited by JC

After four years of a pandemic-induced disruption it is now clear that hybrid working is here to stay. New research from Cushman & Wakefield has found that 27 pct of Polish people combine in-office attendance with home office.

Warehouse & industrial

Romania Yusen Logistics chooses CTPark Bucharest

schedule 25 March 2024
Opr./edited by ANZ

CTP has agreed a five-year lease for 19,000 sqm of warehouse space at CTPark Bucharest in Romania to Yusen Logistics, a global logistics provider.

Warehouse & industrial

Poland Panattoni sells in Wrocław

schedule 25 March 2024
Opr./edited by ANZ

Panattoni has finalised the sale of a centre in Lower Silesia. An international real estate company has purchased Panattoni Park Wrocław West Gate with a total area of 46,900 sqm.

Office & mixed-use development

Poland Quorum A is completed

schedule 25 March 2024
Opr./edited by ANZ

Cavatina Holding has obtained an occupancy permit for the Quorum A office building, one of the five buildings forming a multifunctional development on the banks of the Odra River. The building provides the Wrocław office market with 18,000 sqm of space spread over 12 storeys.

Property and Facility Management

Romania Cushman rules at Expo Business Park

schedule 25 March 2024
Opr./edited by JC

The Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, located in the Expozitiei area of Bucharest. As a result, the portfolio managed by the company’s asset services department reached almost 500,000 sqm.

Corporate social responsibility

Poland Not only for horses

schedule 22 March 2024
Opr./edited by JC

Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.

Eurobuild FM

Cannes / Poland Big business under the palm trees (ep. 3)

schedule 21 March 2024
Eurobuild CEE

We invite you to the third and last episode of the special podcast from Cannes! Today, three different views on different market segments, united by one approach – quite healthy optimism!

Material partner

Cannes New opportunities emerge in uncertain times

schedule 21 March 2024
Eurobuild CEE

Over 20,000 delegates representing 90 countries gathered in Cannes for the 34th edition of MIPIM, the global urban festival that brings investors, political leaders and the real estate community together to facilitate relationships and find solutions to the challenges facing the built environment.

Office & mixed-use development

Germany Die Bayerische chooses The Source 

schedule 21 March 2024
Opr./edited by ANZ

The Empira Group has secured the insurance company die Bayerische as a long-term tenant for 11,550 sqm of commercial space in the office complex The Source, currently being modernised in Munich.

Office & mixed-use development

Germany 11,600 sqm leased in Berlin

schedule 21 March 2024
Opr./edited by JC

Sonar Real Estate, acting in its capacity as asset manager, has let around 11,600 sqm of office space in three properties in Berlin. Five leases have been agreed.

Latest in Investment & finance

schedule 20 March 2024

Another quarter of negative performance

Inrev’s Quarterly Fund Index confirms an ongoing correction in the European real estate market. The Q4 2023 performance was yet again negative, a total return of -1.70 pct, and a sharp decline from -0.56 pct reported in Q3 2023.

schedule 18 March 2024

Real estate at a pivot point

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. 

schedule 12 March 2024

NEPI Rockcastle boosts the pipeline

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.

schedule 11 March 2024

Rock Park Przeworsk changes owner

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. 

schedule 07 March 2024

MLP Group announces EUR 41 mln bond issue

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.

schedule 05 March 2024

Technopolis Ozas sold in Vilnius

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.

schedule 04 March 2024

Żabka Group concludes formal process of merging

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.

schedule 29 February 2024

Europe must be ready for "twin transitions"

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.

schedule 29 February 2024

Panattoni builds, Millennium finances

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.

schedule 26 February 2024

Rebalancing of prices is expected

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.

schedule 22 February 2024

Concept Tower changes hands

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.

schedule 14 February 2024

Hoping for smooth waters

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.

schedule 09 February 2024

Immofinanz sells in Zagreb

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.

schedule 08 February 2024

Trigea buys Arkády Pankrác

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.

schedule 07 February 2024

Sandecja changes hands

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.

schedule 06 February 2024

CTP issues green bonds

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.

schedule 31 January 2024

Palmira goes shopping

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.

schedule 29 January 2024

Polish PRS goes Dutch

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.

schedule 29 January 2024

ZDR goes shopping

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.

schedule 23 January 2024

Colliers’ predictions for 2024

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.

Edition 3 (286) March 2024

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