GTC has signed an €11.4 million investment loan with Berlin Hyp Bank for the refinancing of the previous loan agreement for the Corius office building. The Class A office building offers a total leasable area of over 9,700 sqm and is GOLD LEED certificated.

NEPI is planning to invest €40 million on the development of a new shopping centre in the Romanian city of Satu Mare. 

M7 Real Estate announced that its first Central European fund for third party investors, M7 Central European Real Estate Fund I (M7 CEREF I), has now completed its final close, reaching its target raise of €60 million of investor capital. This follows investor commitments of more than €35 million at its first close in October 2016.

P3 has started the construction of a new warehouse at P3 Bucharest Park. The 13,900 sqm logistics facility will include 400 sqm of offices. P3 is already in advanced discussions with a potential customer interested in leasing the whole building.

Caerus Investment Management has announced that on behalf of a private separate account client, it has advised and structured the acquisition of Phase 1 of the Futurama Office Park located in Prague 8, Czech Republic adjacent to the Invalidovna metro station.

Panattoni Europe is to build another distribution centre for Castorama Polska. The project, one of the biggest in Poland, will be delivered in Stryków. Contruction works will commence later this April. The lease was mediated by experts from JLL.

In Q1 2017, industrial space totalling 162,400 sqm was completed within 10 industrial parks across the Czech Republic, bringing the total stock of modern industrial and logistics space to 6.47 million sqm. The Industrial Research Forum announced its preliminary industrial market figures for Q1 2017.

€1280 million was invested in commercial real estate in the Czech Republic in the first quarter of 2017. This is the largest ever amount of investment registered for a first quarter. The result is mainly attributed to three major transactions: the sale of the Letňany Shopping Centre the CBRE GI portfolio and the change of the Olympia Brno owner. The Czech National Bank’s exit from currency interventions should not slow the strong demand for commercial real estate down.  

2016’s record-breaking €12.2 billion investment in the real estate sector in the CEE region is likely to be surpassed in 2017 – this is according to CEE Real Estate Investment Compass 2017 published by Colliers International and CMS. The sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and CEE investors becoming increasingly active in the real estate market.

The departure of ICU Medical from the manufacturing complex in the southwestern Slovak city of Vráble, made a modern light–industrial facility available for sale on a vacant possession basis. The complex consists of facility with a gross usable area of 7,000 sqm and 3 ha of available land for further development The new owner, Slovak company TESGAL, provides surface treatments of metal parts used mostly in the automotive and consumer industry.