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Logicor goes through

Investment & finance
EUROPE The sale of Logicor, Blackstone’s warehouse and logistics platform, to China Investment Corporation has received regulatory approval from the European Commission.

Logicor owns and operates a portfolio of high-quality logistics assets totaling 13 mln sqm, in 17 countries. The deal is worth EUR12.25 bln.

Latest news

Office & mixed-use development

Hungary Green light for Millennium Gardens

schedule 14 March 2024
Opr./edited by JC

Revetas Capital and TriGranit have officially secured the occupancy permit for the second phase of Millennium Gardens in Budapest.

Office & mixed-use development

Romania Timpuri Noi Square twice as big

schedule 14 March 2024
Opr./edited by ANZ

Vastint Romania is starting phase II of the Timpuri Noi Square project in Bucharest. After obtaining the necessary permits, the developer will construct two new office buildings, which will increase the area of the entire complex to more than 100,000 sqm.

Warehouse & industrial

Poland Electronics at Segro Logistics Park Gliwice

schedule 13 March 2024
Opr./edited by JC

Segro has signed an agreement with Centrumelektroniki.eu for the rental of warehouse and office space in Silesia. In the new location, the company will strengthen its existing logistics services, offering more efficient completion and shipment of products to the target customer.

Warehouse & industrial

Poland Construction starts on CTPark Rzeszów

schedule 13 March 2024
Opr./edited by JC

CTP is starting construction of its first manufacturing and logistics complex in the Podkarpackie region. In Rzeszów, the developer will build a complex of two facilities with a total leasable area of nearly 50,000 sqm.

Office & mixed-use development

Poland Konika Minolta stays at The Park Warsaw

schedule 13 March 2024
Opr./edited by ANZ

Konica Minolta Business Solutions has extended its 3,000 sqm office lease at The Park Warsaw complex in the capital's Włochy district. The company will remain in the location for another five years.

Warehouse & industrial

Poland Better second half

schedule 13 March 2024
Opr./edited by JC

After the very successful years of 2021 and 2022, known as the golden period of development of the industrial market in Poland, 2023 was a period of greater challenges due to a change in the macroeconomic situation. Axi Immo presents the "Polish Industrial Market 2023" report.

ESG

Europe We know the winners of Global ESG Awards

schedule 13 March 2024
Opr./edited by JC

The trophy ceremony for the Global ESG Awards took place during MIPIM in Cannes. Following 180 nominations across six categories, 6,801 public votes and 2,177 evaluations done by a global official jury committee, a ranking revealed six  winners.

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.

Retail & leisure

Romania Leroy Merlin to expand in Bucharest

schedule 12 March 2024
Opr./edited by JC

Leroy Merlin leased two retail spaces in Bucharest with a combined area of 21,000 sqm from the Supernova Group.

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. 

Office & mixed-use development

Czech Republic Historical building with a current shine

schedule 11 March 2024
Opr./edited by ANZ

Zeitgeist Asset Management obtained new prestigious tenants. The international law firm CMS and the European Investment Bank have rented office space in the newly renovated Palác Dunaj building in the historical centre of Prague.

Office & mixed-use development

Poland Doctors stay in West Gate

schedule 11 March 2024
Opr./edited by ANZ

Enel-med, a network from the medical services industry, has extended its lease at Wrocław's West Gate building, owned by Globalworth, for another ten years. The tenant will expand dental and rehabilitation services for its patients.

Residential

Poland Bonarka Meadows has been sold

schedule 11 March 2024
Opr./edited by JC

Revetas Capital has recently concluded the disposal of Bonarka Meadows in Krakow, a permitted residential development project, to Henniger Investment.

Warehouse & industrial

Poland Satoia thinks big

schedule 08 March 2024
Opr./edited by JC

Kąty Wrocławskie is becoming home to one of the largest logistics and warehouse hubs in Poland. The development occupies a total area of 80 hectares, with buildings with a target total area of 430,000 sqm.

Hotels

Serbia The first in Southeast Europe

schedule 08 March 2024
Opr./edited by ANZ

Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the Radisson RED brand in Southeast Europe.

Office & mixed-use development

Slovenia Emonika takes off in Ljubljana

schedule 08 March 2024
Opr./edited by JC

Mendota Invest has received the final building permit for the construction of Emonika, an urban complex that will include a shopping centre, business premises, hotels, and apartments. The estimated value of the entire investment is more than EUR 350 mln.

Eurobuild FM

Poland Women in the real estate business – honestly on Women's Day

schedule 07 March 2024
Anna Zamyłka

Can women in business achieve it all? Is there still a glass ceiling in the real estate industry? How do we use empathy, capacity to build relationships, and emotional intelligence at work? Listen to the special edition of Eurobuild FM prepared on the occasion of 8 March!

Material partner

Cannes Silesia invites you to Cannes!

schedule 07 March 2024
Eurobuild CEE

We would like to invite you to the meeting: "Explore Silesia: Where Economic Resilience Meets Opportunity!", held at MIPIM this Wednesday. Silesia and its metropolise are one of the fastest growing and most innovative regions in Europe. During the discussion, the roots of its success and specific future prospects will be discussed.

Warehouse & industrial

Poland Warehousing near the border

schedule 07 March 2024
Opr./edited by ANZ

7R is completing the Beskid III warehouse and logistics park in Czechowice-Dziedzice. The 22,000 sqm facility is located close to the border with the Czech Republic and Slovakia.

Warehouse & industrial

Poland Completion of Logicor Wrocław II expansion

schedule 07 March 2024
Opr./edited by ANZ

Logicor has completed the Logicor Wrocław II warehouse facility. Thanks to the extension by an additional 10,400 sqm, the protective packaging manufacturer Walki has doubled the space it occupies to date. The expansion marks the completion of the investment.

Latest in Investment & finance

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.

schedule 23 January 2024

Imagine to be refinanced

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.

schedule 17 January 2024

In search of higher risk

According to the 2024 Investment Intentions Survey – published by Anrev, Inrev and Prea – on a weighted AUM basis, the current average allocation to real estate globally is 10.6 pct, just slightly above the average target allocation of 10.4 pct.

Edition 3 (286) March 2024

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