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Central Europe

AXI Immo headquarters to stay in Spektrum Tower

AXI Immo decided to extend its current lease and choose a new space for its expanding business lines in the Spektrum Tower office complex. Modernizing the Warsaw office ensures the new interiors are consistent with the company's DNA. Joanna Kowalewska, Bartosz Oleksak and Jakub Potocki from the office department were responsi...
Thursday, 16. May 2024

Cromwell sells retail portfolio for €285m to Star Capital

Cromwell Property Group sells six retail centres across Poland, held by the Cromwell Polish Retail Fund, to Star Capital Finance for €285 million. The portfolio totals more than 219,000 sq m and includes rights in six shopping centres: Janki in Warsaw, Kometa in Toruń, Korona in Wrocław, Tulipan in Łódź, Ster in Szczecin and ...
Thursday, 16. May 2024

Skanska sells Studio B in Warsaw to Stena for €86 m

Skanska has sold the Studio B office building in Warsaw to Stena Real Estate AB. The project, designed and built in accordance with ESG principles, brings to the Wola district not only future-focused architecture but also sustainable construction. This is already third transaction between the two parties in Central and Easter...
Thursday, 16. May 2024

Johnson & Johnson to move into Union Investment's Emporio Tower

Union Investment has let around 1,600 m² of office space in Hamburg's Emporio Tower to the medical technology company Johnson & Johnson MedTech. The office tower is centrally located at Valentinskamp and the back office team of Johnson & Johnson MedTech's German sales organisation will move from Norderstedt to Hamburg city ce...
Wednesday, 15. May 2024

Peach Property general meeting approves all proposals

The shareholders of Peach Property Group AG approved all items on the agenda at today's Annual General Meeting with clear majorities. Around 60.04 percent of the issued share capital, or 81.25 percent of the registered voting rights, were represented at the beginning of this year's Annual General Meeting in Zurich.
Wednesday, 15. May 2024

Nido appoints Carlo Matta as CEO

Student Homes Group Nido has announced the appointment of Carlo Matta as CEO to drive the business as it accelerates its growth strategy. The appointment follows the recent acquisition of Nido by CPP Investments and signals a new phase in the company's expansion plans.
Wednesday, 15. May 2024

CFO Marc Heß leaves Aareal Bank

CFO Marc Heß will not be renewing his contract at the end of the year. According to the company, the decision was made „by mutual agreement“. Parallel to the surprising personnel change in the finance division, Aareal Bank can report a jump in profits for the first quarter, despite high risk provisions.
Wednesday, 15. May 2024

TAG continues positive operating business performance in Q1

In operational terms, the first three months of the financial year 2024 were a very successful quarter for TAG Immobilien AG. FFO I, which includes the German and Polish rental business, rose by 5% year-on-year to €44.6m (€+2.0m).
Tuesday, 14. May 2024

CA Immo extends lease for 2,800 sqm in Berlin

CA Immo has extended its long-term lease with KPMG AG Wirtschaftsprüfungsgesellschaft for a total of around 2,800 m² of rental space in the „Bürogebäude am Kunstcampus“ office building in Berlin's Europacity, not far from the main railway station. The company is the sole tenant of the building.
Tuesday, 14. May 2024

Leonardo Hotels acquires Hamburg's 'Sir Nikolai' from Sircle Hospitality

The Leonardo Hotel Group has acquired the Sir Nikolai Hotel of the Sircle Collection from the lifestyle hotel group Sircle Hospitality Group (SHG). The acquisition marks the debut of the Leonardo Limited Edition brand in Germany for the hotel chain, which is part of the Fattal Hotel Group.
Tuesday, 14. May 2024

Fire destroys Mirbuds shopping center „Marywilska“

A major fire in Warsaw has destroyed the city's largest shopping centre with around 1400 shops. The fire broke out in the Marywilska 44 shopping centre in the Bialoleka district in the early hours of the morning, firefighters said. The shopping centre is part of the portfolio of Mirbud Capital Group.
Monday, 13. May 2024

Neopak opts for Panattoni Park Warsaw South IV

Panattoni has a new tenant for one of its industrial parks in the Warsaw region. Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.
Monday, 13. May 2024

Accentro signs „no action letter“ with bondholders

Accentro Real Estate AG announces that a group of major bondholders of the 2020/2026 bond (ISIN DE000A254YS5 / WKN A254YS, „2020/2026 bond“), which in total account for approx. 41,6 % of the bond capital, have signed a „no action letter“.
Monday, 13. May 2024