ARTICLES LABELLED WITH TAG investment

Diófa Fund Management has announced the purchase of Europark shopping centre in Budapest from Unibail Rodamco. The acquisition is a result of a one year long and constructive cooperation between the parties and was entirely funded by own capital. Due to new investment fund restrictions it is highly possible that this was the first and last shared deal on the market.  

HB Reavis Group and HB Reavis CE REIF fund have jointly sold for €79 million a 132,000 sqm portfolio of logistics centres in the Czech Republic and Slovakia to Macquarie Infrastructure and Real Assets, part of the Macquarie Group, one of the largest global investment banking and diversified financial services groups in the world. The fully-occupied portfolio consists of 2 assets owned by HB Reavis Group and 2 assets held by HBR CE REIF.

Within two months OTP Real Estate Investment Fund has already added the second logistics property to its portfolio. The 35,000 sqm warehouse complex is located in South-Pest, within the Gyál Business Park, near the M5 motorway and several multinational companies. The transaction is part of OTP Real Estate Investment Fund Management’s ongoing portfolio development, therefore further transactions can be expected in 2016.

German asset and investment manager KGAL has purchased the Eiffel Square office building located in Budapest, representing the largest office transaction in Hungary in 2016 and marking the return of core investors in Hungary. 

Immofinanz today sold approx. 18.5 million BUWOG shares to SAPINDA Group, a company located in Amsterdam, London and Luxembourg. The price of EUR 19.00 per share – for a total of approx. EUR 352 million – is 3.5% higher than yesterday’s closing price of EUR 18.36. 

Cushman & Wakefield Hospitality have been appointed by Cube Sp. z o.o. to sell the 4-star Mercure Sepia Hotel located in Bydgoszcz, Poland. The property was opened in December 2014 as a new hotel, combining a historical building dated late 19th century and a new building.

The first quarter of 2016 in the Czech Republic was characterized by a lack of logistics and industrial space, demand for office space and high volume of investment into real estate. Colliers International released its latest report summarizing trends on the investment, office and industrial markets.

Globalworth Real Estate Investments has signed an agreement to offer real estate secured bonds worth a total of 180 million euros. 150 million euros will be subscribed by Canada Pension Plan Investment Board (CPPIB) and the remaining 30 million euros by funds managed by Cairn Capital (“Cairn”). 

Acting in its capacity as advisor for a German depositary bank, who is currently administrating the German Special-AIF UBS (D) Sector 3 Real Estate Europe, UBS Real Estate GmbH has sold the Nova Praga office building in Warsaw to Mazovia Capital. Cushman & Wakefield and Magnusson Law represented the vendor in the transaction. The building will now be known as Mazovia Plaza.

According to Cushman & Wakefield, strong investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the first quarter of 2016, with EUR 1.4 billion invested. The slight decrease in transaction volume of 5% compared to the corresponding period of 2015 was smaller than the 14% fall recorded for Europe overall. Q1 activity was also above the long-run average of EUR 1.2 billion since 2007.