ARTICLES LABELLED WITH TAG investment

Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to €30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands. 

Ryan Wray, Managing Director and Principal at Avison Young, Czech Republic, talked to Property Forum about the perils of today’s macroeconomic conditions investors may reckon with in their decision-making and looked at possible scenarios and working strategies for office occupiers in the Czech office market.

Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers. 

Accolade has completed its first photovoltaic power plant in its Bydgoszcz industrial park. This is a significant milestone in the group's long-term strategy toward energy security in its industrial parks in Europe.

Daniela Lazea, Partner and Co-Head of Real Estate at Romanian law firm Biriș Goran, spoke to Property Forum about Romania’s potential to become a relocation base for companies in the region and the real estate market’s ability to surpass €1 billion transactions in 2022.

The Czech state continues to unsuccessfully trying to sell Prague's functionalist Broadway Palace from the 1930s. The Office for Representation of the State in Property Matters (ÚZSVM) offered it for the third time in an electronic auction, this time with a starting price of CZK 1.05 billion (€43.153 million), but no one took part in the auction, a spokeswoman for the office told the Czech News Agency.

Economic uncertainty is beginning to impact investment activity in Europe’s commercial real estate market, as shown by the data recorded for Q2 2022 in the latest Capital Markets Snapshot for EMEA by Colliers. The Q2 2022 assessment also suggests that the forecast of any impacts will vary widely, with a continued appetite for specific sectors and sub-markets

Deutsche Pfandbriefbank (pbb) has underwritten an investment facility, totalling €120 million to refinance a logistics portfolio located across Poland for EQT Exeter. This is the second deal that pbb has closed with the EQT Exeter team.

7R, in a joint venture partnership with MFC Real Estate and DIL Polska Baumanagement, has finalized the sale of 7R City Flex Warsaw Airport I to Macquarie Asset Management. The facility includes three buildings, comprising 15,900 sqm, and is fully leased. The value of the transaction is approx. €29 million. This is another transaction between Macquarie Asset Management and 7R. In November 2021, the investor also acquired urban warehouses near Wrocław, Gdańsk, and Łódź. 

Bucharest recorded 10 of the 14 major property transactions closed in the first half of 2022, while the overall volume of investment rose by 6% to €323 million compared to the first half of 2021, according to real estate consultancy CBRE.