ARTICLES IN Investment  TOPIC

News US and Hungarian investors spend the most in Budapest
02
Feb
2017

US and Hungarian investors spend the most in Budapest

by Ákos Budai
Investors spent €1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107%. Last year both office properties and retail properties were in request, thus CBRE is expecting a similar or even higher turnover for 2017.
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News AEW sells Prague office building to Czech investor
23
Jan
2017

AEW sells Prague office building to Czech investor

by Ákos Budai
AEW has sold the Smíchov Gate office building in Prague 5 after almost ten years of ownership on behalf of one of the funds managed by AEW. The new owner is Redside, manager of real estate open-ended investment fund NOVA Real Estate (SICAV). Cushman & Wakefield facilitated the sale of the property.
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News Colliers sells former warehouse unit near Budapest
23
Jan
2017

Colliers sells former warehouse unit near Budapest

by Ákos Budai
At the end of last year Colliers sold the former Bricostore DIY-unit in Törökbálint to Régió, a Hungarian toy company. The building has approx. 12,000 sqm of GLA and will be used by Régió for warehousing purposes.
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News Arcona Capital acquires 3 more Polish shopping centres
19
Jan
2017

Arcona Capital acquires 3 more Polish shopping centres

by Ákos Budai
Arcona Capital has announced that its Arcona Property Fund is on course to complete the acquisition from RECE of a portfolio of 11 neighbourhood shopping centres in Poland for €25.9 million. Arcona has already completed on eight of the centres and will complete on the other three centres by the end of the first quarter of 2017.
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News CA Immo becomes sole owner of two CEE office buildings
18
Jan
2017

CA Immo becomes sole owner of two CEE office buildings

by Ákos Budai
CA Immo has completed negotiations with Union Investment Real Estate GmbH on acquiring 49% of shares each in the office buildings Danube House in Prague and Building A of Infopark in Budapest, both so far part of the open-ended property fund UniImmo: Europe. The deal, which has already been closed, will make an immediate positive contribution to long-term profitability by around €3 million.
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News CPI Property Group to acquire CEE retail portfolio from CBRE GI
17
Jan
2017

CPI Property Group to acquire CEE retail portfolio from CBRE GI

by Ákos Budai
CPI Property Group anticipates the acquisition of a retail portfolio located in the Czech Republic, Hungary, Poland and Romania from funds managed by CBRE Global Investors. If completed, this can become the largest real estate deal of the region in 2017.
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News CBRE GI acquires Prague shopping centre from Tesco
16
Jan
2017

CBRE GI acquires Prague shopping centre from Tesco

by Ákos Budai
CBRE Global Investors has acquired, on behalf of a separate account client, Prague’s Letňany Shopping Centre from Tesco. The value of the transaction has not been disclosed.
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News Aberdeen Asset Management sells Bucharest office building
12
Jan
2017

Aberdeen Asset Management sells Bucharest office building

by Ákos Budai
Aberdeen Asset Management Deutschland AG has signed an agreement to sell the Construdava office building in Bucharest to AdamAmerica, the advisor of the seller, Colliers International reported.
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News Retail investors go for non-core markets in Europe
12
Jan
2017

Retail investors go for non-core markets in Europe

by Ákos Budai
International real estate advisor Savills has reported that investors into Europe’s retail sector are shifting their interest to some of the continent’s non-core markets. Investment into Europe’s retail sector during Q1-Q3 2016 reached €33.3 billion across the 15 markets that Savills covers, down 28% from the 2015 record volume. However, despite the overall drop of total turnover in the two largest markets of the UK (-18%) and Germany (-46%) during this time period, Europe’s non-core markets in contrast have experienced a significant rise in retail investment. These include: Ireland (223% to €1.46 billion); Poland (126% to €1.4 billion) and Italy (119% to €1.8 billion).
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News Exeter acquires logistic park in Szczecin
12
Jan
2017

Exeter acquires logistic park in Szczecin

by Ákos Budai
American investor Exeter Property Group has finalized its acquisition of the North-West Logistic Park warehouse and production complex in Szczecin, Poland from Waimea Holding. The value of the transaction has not been disclosed. 
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Latest news


New leases

  • ECO3, a prepress and printing solutions provider has become the latest tenant of the Oxygen Park office complex in Warsaw. The company has leased over 1,140 square meters of office space on the 4th floor of Building B.
  • At the end of the year, Empik is opening its 54th store in Warsaw - in the Ursynów Centre at 427 Puławska St. The store is 146 sqm in size.
  • Arcade Bee's newest store will soon open in Krakow's Unity Centre complex. The food and service chain will occupy a unit on the ground floor (470 sqm) and the first floor (670 sqm) of the complex.

New appointments

  • CPI Property Group announced the appointment of Agnieszka Baczyńska, the current Head of Leasing Retail, to the newly created position of Business Excellence Director in Poland. She will be responsible for implementing the operational efficiency strategy and monitoring its progress, as well as supervising projects related to business transformation.
  • Marta Busłajew joined the 7R team as Head of Marketing and Communications, where she will oversee the development and execution of marketing and communication strategies aligned with 7R's growth plans.
  • Savills announced that Wojciech Mazur has joined the Office Agency - Landlord Representation. He will support commercial property owners in the processes of leasing.

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