ARTICLES LABELLED WITH TAG investment

South African investor MAS Real Estate has entered into to sell an office building in Scotland to Union Investment for €91 million. The company also agreed to sell a piece of development land in East Sussex for €20.8 million. MAS Real Estate wants to sell all of its remaining Western European assets and reinvest the proceeds in Central & Eastern Europe.  

AFI Europe has completed the €66.5 million acquisition of the Avenir Business Park in Prague 5 from Tristan Capital Partners. The office complex, offering more than 25,600 sqm of premium office space, is close to 100% occupancy. Long-term tenants include companies such as ČSOB (belongs to the KBC Group), ING, Porsche, McDonald's, Conduent, Dermacol, Simac Technik and Coloplast.

Czech real estate fund Trigea bought the Explora Business Centre office building in Prague’s Nové Butovice from Golden Star Group, an international real estate group, in one of the largest real estate transactions performed this year on the local market.

REICO has launched a new real estate fund. REICO ČS Long Lease is a special mutual fund focused mainly on retail clients. Its main investment criterion is buildings with leases secured for at least 10 years, in the logistics, manufacturing, retail and office sectors. The fund is intended as a complement to the investment portfolio mainly to conservative to medium-risk clients who want to increase the return of their real estate component.

The senior living aspect of the European healthcare market continues to attract new capital according to the “European Healthcare - A Growth Market” just released by Colliers. Strong demographic demand and a limited supply of customer options are the drivers of the capital to this sector.

An investment company controlled by UiPath founder Daniel Dines has acquired 5% of the shares of One United Properties, a Romanian real estate development company founded by Victor Căpitanu and Andrei Diaconescu.

Modern mixed-use complexes, open to social interactions and meeting local needs, which today are winning over traditional office buildings, set the direction for the development of investments in the commercial sector 

Savills Investment Management has entered into an agreement to form a strategic investment alliance with Samsung Life, the leading life insurer in Korea, and its real estate asset management subsidiary Samsung SRA. As part of this agreement, Samsung Life will acquire a minority interest in Savills IM Holdings Limited and commit capital of US$1 billion to Savills IM's investment strategies over the initial four years of the relationship. The transaction, which is conditional on various regulatory approvals and other customary closing conditions, is expected to complete in Q4, 2021.

Hungarian investor Indotek Group is ready to spend hundreds of millions of euros on diversifying its portfolio geographically. Krisztián Hornok, Transaction Director and Florin Tirla, Country Head for Romania & Bulgaria shared with Property Forum the details of the company’s ambitious international expansion strategy and also discussed the pandemic’s effects on the attractiveness of different asset classes.

According to Savills latest research, London City and West End, Paris and Warsaw’s office markets appear most attractively priced in Europe this year due to the opportunity for yield compression and/or attractive yield spreads to risk free rates.