ARTICLES LABELLED WITH TAG investment

Net lease real estate investment trust W.P. Carey has added seven DIY retail stores in Poland to its portfolio. The NYSE-listed company has bought the newly built assets totalling 70,000 sqm from private real estate firm Supernova Group for an undisclosed sum. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases.

Commercial real estate market in Poland has come a long way since the spring of 2020. Never before have so many changes been made in such a short time. Adaptation to new conditions turned out to be the most difficult for hotels and retail. For the warehouse market, in turn, the reshuffling of sales and deliveries became a springboard for a series of records. The offices returned in a new form. Nowadays, the new trends that will shape the market in the upcoming years, lead the way for the real estate sector. Experts from Walter Herz consulting company comment on what is changing.

Total investments in commercial real estate in Slovakia in 2021 exceeded €750 million which exceeded the volume of investments in the pre-crisis year 2019. Prime yields decreased over the past year, confirming the attractiveness of investing in the commercial real estate market in Slovakia, says Cushman & Wakefield.

Garbe Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume (GAV) of around €800 million. The Garbe European Residential Fund (Garbe EUResi) invests in real estate developments and selectively also in properties undergoing energy rehabilitation. The investment strategy follows a "boots on the ground" approach: the fund only invests in locations where Garbe can act as a local investor through a local presence. The fund’s launch is a milestone in Garbe Institutional Capital’s move to expand into a European residential real estate platform. Garbe EUResi has already received equity commitments of €82.5 million.

Ukrainian real estate investment fund Focus Estate Fund has acquired the Turawa Park shopping center in Opole, Poland from international investment management group abrdn for an undisclosed sum. Turawa Park with a total area of 35,138 sqm is the fourth asset of the Fund’s portfolio in Poland.

ČS NEMOVITOSTNÍ FOND, managed by REICO investiční společnost České spořitelny, a.s., is expanding its portfolio with the addition of the second phase of the Panattoni Park Tychy located between the Polish cities of Tychy and Bieruň, Poland. The total number of properties in the fund’s portfolio thus increased to 20, with the share of industrial properties in the fund’s portfolio reaching approximately 14%.

Colliers reveals that 67% of EMEA investors (and 60% of global investors) chose quality office assets in major markets as their top strategy picks. European cities like London, Paris, Berlin and Munich have retained their allure and will be in high demand next year.

Allianz Real Estate, acting on behalf of several Allianz group companies, and logistics developer VGP have agreed to form a new 50/50 joint venture. The vehicle, the fourth such venture between Allianz Real Estate and VGP since 2016, will develop a portfolio of prime logistics assets in Germany, the Czech Republic, Hungary and Slovakia.

CBRE Investment Management and Hillwood Investment Properties announced a definitive agreement whereby entities affiliated with CBRE Investment Management will acquire a 57-asset, 2.6 million sqm portfolio of state-of-the-art logistics properties in the United States and Europe valued at approximately $4.9 billion from Hillwood.

Echo Investment is launching a new bond series for individual investors. The developer will issue the securities for a total of PLN 50 million.