Central Europe

Panattoni has completed a logistics centre for DHL Parcel. The 32,000 sqm centre in Robaków is going to be the developer’s third industrial development in Poland to be awarded a BREEAM certification rating of Outstanding.

AXI Immo is strengthening its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.

Large-volume new financing concluded for Munich prime office building Kontorhaus in attractive inner-city location in a difficult market environment.

Trei Real Estate has disposed of a convenience center in Starnberg (Bavaria). The buyer, GRR Group, will add the property to its Article-8 fund, GRR Future Retail Properties 1. The transaction took the form of an asset deal. The two parties agreed not to disclose the selling price.

M7 Real Estate has agreed to sell a 42,000 sq m commercial building comprising warehouse and office space as well as development land in Westerstede, northern Germany, to Ammerland Molkerei, a dairy farm cooperative. The sale has been completed on behalf of Azure, a separate account mandate, which is close to being fully exited.

CA Immo has successfully sold the ZigZag office building in Mainz. The new owner is Berenberg Real Estate, which acquired the building on behalf of an open-ended special real estate fund with focus on German real estate. According to Ca Immo, the sale took place above the book value as of June 30, 2023.

CTP announces plans to develop a modern 60,771 m² logistics park through a partial refurbishment of an existing business park in Krefeld West.

S Immo AG successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 m². The transaction of the centrally located and well communicated mixed use office building in Miramar...

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH continued to show steady growth during the third quarter of 2023. Over the summer months from July through the end of September, assets under administration (AuA) increased by c. 522 million euros to 65.3 billion euros as of 30 September 2023. It was the fir...

CPI Property Group reports the signing of a binding agreement for the sale of approximately 84% of the shares of Remontées Mécaniques Crans Montana Aminona (CMA) SA, the company owning and operating the Crans Montana ski lifts, as well as several assets and properties relating to the on-mountain activities, including restaura...

Marcus Schulte (54), member of the Management Board of Deutsche Pfandbriefbank AG (pbb), will become Chief Financial Officer as of 1 December 2023. He will take over this function from Andreas Arndt, who previously held the roles of both Chief Executive Officer and Chief Financial Officer. As reported, Andreas Arndt will reti...

International Workplace Group expands its footprint in Budapest and Debrecen with the additon of two new workspaces planned for 2024.

It is a fresh start with handbrakes on: After a quiet first half of the year, the German investment market for logistics real estate saw more activity in the third quarter. Foreign investors in particular are increasingly acting as buyers again.

CTP has signed a 10-year lease for 21,000 sqm at CTPark Gdańsk Port with major Polish cargo operator Morska Agencja Gdynia.

Last Thursday Warimpex celebrated the opening of its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 m² of space, is located in the immediate vicinity of the city centre and is named after its address on Mogilska Street. There are also Warimpex office buildings at numbers 4...

pbb Deutsche Pfandbriefbank has provided a €120mn investment loan facility to a Logistics Fund, managed by GLP Capital Partners. The fund will utilise the proceeds for the refinancing of the development of a logistics portfolio in the Czech Republic, Poland and Hungary. pbb acted as arranger and sole lender under the facility.

Panattoni had developed 21,700 sqm in Zgierz for Regesta. The logistics operator is to start using around 16,000 sqm already this year, after which it is planning to expand by a further 5,670 sqm in the first half of 2024. Newmark Polska represented the tenant during the negotiations.

Deutsche Euroshop plans to pay a special dividend of €1.35 per share. The company's Supervisory Board approved the proposal to pay the special dividend today. Based on the number of 76,464,319 shares issued in the company, this corresponds to an amount of over €103m to be distributed from the net retained profits for the 2022...