Central Europe

Data Castle, a joint venture between US investment manager Angelo Gordon and Munich-based DCD Data Center Developers GmbH, has acquired the Berlin data center on the site of the Open Innovation Space at Juliusturm from Invesco and Kauri Cab. The „in.grid“ will put the full 40 MVA into operation in the fourth quarter of 2025.

DWU Engineering Polska is moving its Cracow office to Korona Office Complex. Walter Herz advisors supported the company in the relocation process.

The total volume of investment in Czech commercial real estate amounted to €190 million in the third quarter of this year. This was a 48% decline quarter-on-quarter. Czech investors continue to be the most active buyers, accounting for a full 80% of all transactions in the Czech Republic this year.

Accolade Group expands into Croatia, marking the seventh European country in its portfolio. This move is part of the group's strategic goal to grow in regions with high demand and potential for future development.

Better Workplace has decided to open a new distribution center in Poland. The company will lease over 1,000 sqm of warehouse and office/social space in the modern logistics park CTPark Katowice. AXI Immo represented the tenant in the negotiation process.

Multi Corporation appoints Andreas Schmidt-Pöstion as Finance Director for Switzerland, Hungary and Slovakia, effective as of November 13, 2023.

S Immo AG today signed a contract for the acquisition of a portfolio totalling 11 properties from Czech Property Investments, a subsidiary of CPI Property Group, in the Czech Republic.

Panattoni completed and officially opened a BTS facility for Vita Group within Panattoni Park Żary on November 22. The developer plans to expand the park by an additional 7,000 square meters, with the new space being adapted to the specifics of the future tenant's operations.

Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów, near Gliwice, and the construction of the factory has been financed by a loan from Alior Bank of over €24 million. The cornerstone laying ceremony for the investment took place on November, 21.

The pbbIX declined again in the third quarter of 2023, falling to -1.61, the lowest value since Q2 2009. All three components had a negative impact on the index in the summer months: economic output contracted, the demand for office space remained low in an environment of economic weakness, and a pronounced slump prevailed on...

Catella Residential Investment Management GmbH has acquired 49 affordable apartments extending over 4,154 sqm in four energy-efficient buildings in Düren, to the west of Cologne in North Rhine-Westphalia, from the Kloepfel Group, as part of a mandate from one of Germany's largest cooperative banks.

The VGP Group has acquired a plot with over 700,000 m² in Rüsselsheim from Opel's parent company Stellantis, completing the largest brownfield acquisition in the company's history. The project is one of the largest and most central commercial space developments in Germany.

Montano Real Estate has acquired an office and commercial building for a German professional pension fund. The „Haus am Staatstheater“ in Wiesbaden's city center has around 6,000 sqm of rentable space and 34 parking spaces. The main tenant is the State of Hesse. The parties have agreed not to disclose the purchase price.

DWS appoints Ulrich Steinmetz as Head of Real Estate Transactions for Europe. Christian Baecker has taken over Steinmetz’s responsibility as Head of Portfolio Management Real Estate Retail, in particular for the German real estate retail funds business. Ronen Ribak has been appointed to a newly created position as Head of Val...

Panattoni has appointed logistics real estate veteran Nick Preston to diversify and grow its investor base.

Union Investment has let 4,238 m² of warehouse and office space in Mörfelden-Walldorf. JB Logistics Airfreight GmbH, a freight forwarding and airfreight specialist with its main location at Frankfurt Airport, has secured the logistics space at Hessenring 25/Kurhessenstrasse 12 for seven years. The rental agreement begins on 1...

Big deal on the retail investment market: Garbe Institutional Capital is strengthening its commitment in the retail segment with the acquisition of GRR Real Estate GmbH. The company, which specializes in food-anchored retail properties, manages around 500 properties and also has 52 neighborhood supermarkets in its portfolio. ...

Frankfurt's Trianon in Mainzer Landstrasse has been awarded the Platinum Standard and thus the highest certification from the German Sustainable Building Council (DGNB) in the course of the initial DGNB certification in accordance with the DGNB system for buildings in use (2020 version).