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Central Europe

Corestate records loss in the first half of 2022

Corestate Capital Group reports results for the first half of 2022. The group posted earnings after taxes from continued operations of € -521.8 million (previous year: € 3.2 million).
Tuesday, 9. August 2022

pbb achieves solid results in the first half of 2022

Deutsche Pfandbriefbank AG (pbb) posted a stable result in the second quarter of the current financial year 2022. At € 65 million, the pre-tax result slightly exceeded the same quarter of the previous year (Q2 2021: € 62 million; consolidated figures in accordance with IFRS). In the first six months of 2022, the pre-tax resul...
Tuesday, 9. August 2022

Alstria announced solid results

Alstria Office REIT-AG remains on course in the first half of the year: The revenues developed as planned and reached € 91.6 million in the first half of 2022 (6M 2021: € 90.0 million). The increase by 1.7% is mainly due to revenues from new leases, indexations as well as revenues from leases of the properties acquired in 202...
Tuesday, 9. August 2022

Hamborner REIT approved full-year forecast

Hamborner REIT AG reported business development as planned for the first half of the year and confirmed its forecast for the 2022 financial year and the distribution of an „attractive dividend“.
Tuesday, 9. August 2022

Newmark relocates its Warsaw headquarters

Newmark Polska has relocated its Warsaw headquarters. Its new office is located in Centrum Marszałkowska, a modern complex in the business heart of the Polish capital.
Monday, 8. August 2022

IntReal increases AuA to €57.2bn

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH looks back on a successful first half-year of 2022. Notwithstanding inflation, interest rate moves, the war in Ukraine and the energy crisis, the Hamburg-based administration specialist managed to increase its assets under administration (AuA) by c. €6.0 bil...
Monday, 8. August 2022

Investment volume hits €2.88bn in H1 2022

Cushman & Wakefield has released a summary of the first half of 2022 on the Polish investment market. In the first two quarters of the year, Poland’s total commercial property investment volume was 44% higher than in the same period last year. Below are other key summary findings.
Monday, 8. August 2022

Intriva Capital launches SpaceGenie

Intriva Capital today announces the launch of its German drive-up self-storage company, SpaceGenie. The new company plans to build and operate more than 50 self-storage facilities across Germany, representing one of the largest platforms of its kind in the country. The independent alternative asset manager also announces the ...
Monday, 8. August 2022

German hotel market comes out of the crisis strengthened

All of Germany’s nine key hotel markets still suffered significantly in 2021. However, 6 out of the 9 top cities were able to record improvement in occupancies. Hotel real estate specialist Christie & Co reviews an eventful year in Germany's 9 key hotel markets Berlin, Munich, Frankfurt, Hamburg, Cologne, Dusseldorf, Stuttgar...
Monday, 8. August 2022

Schroders Capital strengthens platform with Europa Capital team

Schroders Capital’s Real Estate Debt team has strengthened its investment platform with a team from Europa Capital. The team consists of Mike Birch as Lead Investment Manager, Robert Game as Portfolio Manager, Louise Standring-Smith as Investment Manager and Sunny Vaghela as Analyst.
Monday, 8. August 2022

Cofinimmo to acquire nursing and care home in Jülich

The Cofinimmo group (Euronext Brussels: COFB) signed an agreement to acquire, under certain conditions, a nursing and care home in Jülich, in the Land of North Rhine-Westphalia. The investment budget amounts to approximately €18 million (real estate transfer taxes and refurbishment works included). The asset is currently in o...
Monday, 8. August 2022

pbb provides €50 m investment facility to Macquarie

pbb Deutsche Pfandbriefbank has provided a €50 mn credit facility to Macquarie Asset Management on behalf of one of its managed accounts. The facility will be used to refinance the acquisition of a portfolio of newly built City Flex logistics properties in Poland. pbb acted as arranger and sole lender under the facility.
Monday, 8. August 2022

Savills appointed to manage Widok Towers in Warsaw

Savills has been appointed as property manager for Widok Towers, the most centrally located skyscraper in Warsaw. The mandate follows many years of cooperation with Commerz Real AG, the owner of the property, on Tulipan House and Millennium Park A.
Monday, 8. August 2022

Panattoni almost triples production facility

Panattoni has completed the extension of a factory for a European hygiene products manufacturer in the Lodz region. The company, which previously occupied 26,000 sqm, will now benefit from a further 43,000 sqm, of which as much as 16,200 sqm will be manufacturing space. The handover of the factory took place at the beginning ...
Friday, 5. August 2022

pbb provides €120m refinancing facility to EQT Exeter

pbb Deutsche Pfandbriefbank (pbb) have underwritten an investment facility, totalling €120mn 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.
Friday, 5. August 2022

Multi leases 883 sqm to Wroclaw City Hall

Multi Corporation has signed a lease agreement for the Resident Service Centre (RSC) of the Wrocław City Hall in the Magnolia Park shopping centre the company manages.
Thursday, 4. August 2022