ARTICLES LABELLED WITH TAG investment

Brickblock, a technical service provider based in Berlin, has tokenised a residential real estate vehicle carrying a property in Wiesbaden, Germany. It is the first transaction in the EU for which shares are represented on the blockchain. The sale of the €2 million property was exclusive to eligible investors.

JLL has represented a leading multi-product real estate manager for institutional investors, on the sale transaction of the K1 office building. The project was acquired by the Luxemburg fund FLE SICAV FIS – for investments in CEE and DACH exclusively advised by FLE GmbH, headquartered in Vienna. The value of the transaction is confidential.

Patrizia Immobilien AG has finalized the sale of its Atrium International office building on Jana Pawła II Avenue in Warsaw to Strabag Real Estate. This is a very attractive investment location on the capital's market, as the local development plan allows for the construction of an office tower with a height of up to 135 meters. Experts from JLL represented the vendor in the transaction process.

According to the latest European hotels trend report by Savills, emerging European tourist cities such as Dublin, Lisbon and Madrid and alternative operating structures such as non-leased operating structures offer higher yielding opportunities for those investors willing to take on more risk.

The most prominent investors of the SEE region shared their projections for the upcoming year at the international investment panel at SEE Property Forum 2019, moderated by Tim Wilkinson, Partner at Cushman & Wakefield Echinox.

Globalworth announced that Aroundtown SA has acquired an 11.8% stake in the Company. Aroundtown is a real estate company with a focus on properties with value-add potential in central locations in top tier cities primarily in Germany and the Netherlands. With a commercial real estate portfolio worth more than €13 billion, Aroundtown is the largest and highest rated (BBB+ by S&P) commercial real estate company in Germany and the 4th largest in Europe (based on market cap of €8.6 billion).

Expect retail to regain popularity as an asset class especially in tourism-led locations, Colliers International said at MIPIM 2019. Whilst logistics has benefited from the growth in e-retailing, there are signs that is has hit maximum penetration across Europe. In the meantime, pure-play retailers are resorting to omni-channel strategies to survive and deliver profits. This has put the onus back on the need for retail space supported by modern logistic facilities.

Cushman & Wakefield assisted Generali Real Estate in the acquisition of Palác Špork, a unique scheme in Prague 1. The seller is SEBRE, a.s. The price remains undisclosed. The agreement was signed on 11 March.

Money from East Asia burst on to the CEE scene in 2016-17, mainly via large industrial sector portfolio deals. The industrial sector received the majority of 2018’s flow as well, though diversification via larger single asset deals is beginning to occur. Asian investors appear to need liquidity: looking by CEE-6 destination, Poland presently dominates.

There is a growing global war chest of capital for real estate, with institutional investors looking to increase their real estate allocations and new sources of capital emerging, according to Colliers International’s latest report. Increasing allocations to real estate from global institutions reached at least $840 billion in 2018, adding to the $370 billion in closed-end funds waiting to be deployed to real estate in 2019.