A Plaza Centers subsidiary has signed a non-binding letter of intent with an unnamed investment fund regarding the sale of the Torun Plaza shopping and entertainment centre in Poland. The LOI binds the purchaser to a strict timeline for undertaking a comprehensive due diligence process which would result in the transaction being completed by the middle of September 2017.

Skanska has sold the office building Five in Prague, to a real estate fund managed by TRIUVA Kapitalverwaltungsgesellschaft for €50 million. The transaction will be recorded by Skanska Commercial Development Europe in Q2 2017, with the transfer of the property scheduled for Q4 2017.

The Industrial division of Colliers International Hungary sold the Scanfil building in Rozália Park to Reál food store chain. The building totalling 14 500 sqm was used by Scanfil for the production of mechanics and integrated products and will be now used by Reál as distribution centre for the greater Budapest area.

Echo Polska Properties announced the conclusion of the acquisition of three retail assets, Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek in Poland, from real estate funds managed by Blackstone for €141.60 million.

Iulius Group and South African investor Atterbury Europe have set up an equal partnership to develop the Openville Timişoara mixed-use project. 

Through its subsidiary NEPI has concluded agreements to acquire the Serdika Center and Serdika Office buildings in Sofia, Bulgaria for €207.4 million.

Deutsche Asset Management, on behalf of its German funds, has acquired three Fashion House shopping outlets in Poland from a fund managed by Peakside Capital. The outlets are located in Warsaw, Gdansk and Sosnowiec.

Occupier and investment sentiment continues to be positive across Central and Eastern Europe according to the RICS Commercial Property Monitor for Q1 2017. Similarly to last quarter, Hungary remains the most upbeat market globally with the Czech Republic also performing remarkably well. The picture is slightly more mixed in Croatia and Romania, still, near term momentum remains positive in the two markets.

M7 Real Estate has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic, on behalf of M7 CEREF I, from a joint venture between Partners Group and Cromwell Property Group. The portfolio comprises 209,832 sqm, with seven of the assets located in Hungary and the remaining four in the Czech Republic.

LaSalle Investment Management has acquired the River Garden I office complex in Prague’s Karlín business district on behalf of its LaVA mandate for approximately €57 million. The seller is Slovak asset management company IAD Investments on behalf of Prvý realitný fond.