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» Chronological View: " Central Europe " «

Apleona GVA extended project management contract for Sheraton Grand Hotel in Krakow

Apleona GVA extended project management contract for Sheraton Grand Hotel in Krakow

Apleona GVA extended the contract with the asset owner Invesco Real Estate for project management of Sheraton Grand Hotel in Krakow. Apleona GVA team, led by Grzegorz Kaleta, Director of Hotel Advisory and Technical Advisory, was initially responsible on the property for technical due diligence during Invesco Real Estate’s ac...
Monday, 12. February 2018

New people join EPP’s legal department

Two new persons joined EPP’s legal department - Michal Barzyk and Lukasz Cieśla who will take Associate/Legal Advisor’s post and will work directly with Rafal Kwiatkowski, COO, and the management board member. Both Michal Barzyk and Lukasz Cieśla will be involved with the legal advisory work in the property management closely...
Monday, 12. February 2018
Two companies move to the reborn Lokomotív Ház

Two companies move to the reborn Lokomotív Ház

Akadémiai Kiadó and Wolters Kluwer Ltd chose their new headquarters at the presently renewing Lokomotív Ház on Budafoki út 189 in Budapest, which is located in the most popular office area of Újbuda. CBRE Hungary has advised them to find the best office solution. They will become the biggest tenants of the office park from th...
Friday, 9. February 2018

A busy year on the Polish office market

Advisory firm JLL summarized the situation on the Polish office market in 2017. Poland is a very attractive location for international investors. This is illustrated by the excellent results and dynamic development of regional office markets in 2017.
Friday, 9. February 2018

City BKK lease surrender agreed in Hamburg

Schroder European Real Estate Investment Trust Plc has agreed terms for City BKK to surrender its lease at the Hamburg office asset in Germany, in return for a cash payment to the Company of €3.9 million. This cash payment represents 4.7 years of annual rental income from City BKK.
Friday, 9. February 2018

DIC Asset doubles consolidated income

This friday, DIC Asset AG presented its figures for the 2017 financial year. The company has achieved the targets set for the key performance indicators even after these had been raised in the course of the year. The refinancing of the Commercial Portfolio that was completed in late 2016, and the achieved investment income fr...
Friday, 9. February 2018

Panattoni Europe expands 73,300 sqm at Central European Logistics Hub

Panattoni Europe is expanding Central European Logistics Hub. The new tenant at the developer’s largest distribution centre is the Media Expert chain, which will take up a facility with approx. 73,300 sqm of space. Construction works will start in Q2 of 2018.
Friday, 9. February 2018

Hamborner increases FFO

Hamborner REIT AG has again enjoyed a highly successful financial year. According to preliminary annual financial statement figures that have not yet been audited, income from rents and leases amounted to €74.1 million in the 2017 financial year, up by €12.3 million or 19.8% on 2016 as a result of new investments in particula...
Thursday, 8. February 2018

M7 completes sale of Oregon House

M7 Real Estate Ltd has completed the sale of Oregon House in Prague on behalf of M7 Central European Real Estate Fund I to BHS German Real Estate Fund.
Wednesday, 7. February 2018

Corestate: Immoscout24 MD Dr Michael Bütter new CEO

As of 1 May 2018 Dr Michael Bütter will become successor to the incumbent Chief Executive Officer Sascha M. Wilhelm, who will leave the Company as of 30 April 2018 in best mutual consent. Sascha M. Wilhelm: „It is a good and appropriate time to hand over a successful Company into new hands. I know and appreciate Michael Bütte...
Wednesday, 7. February 2018

Macquarie to acquire real estate fund manager GLL

Macquarie Infrastructure and Real Assets (MIRA), a division of the Macquarie Group, and GLL Real Estate Partners (GLL), the Munich-based real estate fund manager, have signed an agreement which will see GLL become the real estate equity investment platform for MIRA in Europe and the Americas operating under its own brand. The...
Wednesday, 7. February 2018

Cromwell Property Group sells Warsaw Corporate Centre

Cromwell Property Group has sold the Warsaw Corporate Centre to Raiffeisen Immobilien Kapitalanlagesellschaft. “The sale of the Warsaw Corporate Centre with significantly improved occupation marks a smart turn-around of a well-located city centre office asset over a two-year period. We are currently experiencing strong demand...
Wednesday, 7. February 2018
Aerium sells three shopping centres to Newbridge

Aerium sells three shopping centres to Newbridge

Aerium disposed of three shopping centers in Poland to Newbridge. Apleona GVA advised Aerium on the sale of these assets. Located in Krakow (CH Czyżyny, opened in 2002), Torun (CH Bielawy, opened in 2002) and Lodz (CH Guliwer, opened in 1997) and totaling over 72,000 sqm of GLA each asset is anchored by Carrefour on a long te...
Wednesday, 7. February 2018
Cycas Hospitality boosts senior development team as part of European rollout

Cycas Hospitality boosts senior development team as part of European rollout

Cycas Hospitality has commited to its European expansion by opening its first property in continental Europe and growing its acquisition and development team through three new appointments. Cycas Hospitality has opened a dual-branded property under Marriott’s Moxy and Residence Inn brands. The hotels are located on Amsterdam’...
Wednesday, 7. February 2018
Galeria Mlociny already three quarters leased

Galeria Mlociny already three quarters leased

Galeria Mlociny is a new, multifunctional centre of Bielany. The place will include 220 favourite shops and service outlets, comfortable offices, a medical centre, play areas for children, a fitness club, restaurants and cafes, a trampoline park and the first multi-screen cinema in the district.
Wednesday, 7. February 2018
Prologis develops CO2-neutral logistics facility for L’Oréal

Prologis develops CO2-neutral logistics facility for L’Oréal

Prologis announced the construction start of a CO2-neutral logistics center for L’Oréal. At completion, the facility, located in Muggensturm near Karlsruhe, will comprise approximately 101,000 square meters of logistics space. Prologis purchased the land in January 2018 and repurposed what had previously been used as agricult...
Wednesday, 7. February 2018

Bundeskartellamt gives green light to Vonovia-Buwog takeover

The Austrian Federal Competition Authority has cleared the planned merger of Vonovia SE and Buwog AG on 5 February 2018. The German Federal Cartel Office already gave its approval on 25 January 2018. The approval of both competition authorities is a condition precedent for the completion of the voluntary public takeover offer...
Tuesday, 6. February 2018