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Central Europe

CTP reaches 4 million sqm milestone in Czechia

CTP has reached another milestone in 2023, increasing its total lettable area in Czech Republic to over 4 million sqm. With a 27% share of the Czech market, it remains the largest player in the industrial real estate sector. Occupancy across CTParks remains high at 97%, confirming the continued demand for modern and energy ef...
Friday, 5. April 2024

Publity sells office building near Kiel

Publity AG, as asset manager, has sold an office property in Büdelsdorf near Kiel. The three-storey office property has a total rental area of almost 4,500 square meters. The parties have agreed not to disclose the buyer or the sale price. The property is located in a central commercial location, adjacent to the city of Rends...
Thursday, 4. April 2024

Karimpol appoints Michał Orłowski as Director

Karimpol Polska appoints Michał Orłowski as Director, Head of Leasing and Asset Management. The new Director has taken his position as of April 2024, replacing Jarosław Prawicki, who played an important role in the company's development and success for over six years.
Thursday, 4. April 2024

Vonovia issues 850 million social bond

Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
Thursday, 4. April 2024

Panattoni wins financing for its Park Szczecin V

Panattoni has won financing for the development of its latest development in Western Pomerania. The €20 mln loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
Thursday, 28. March 2024

CPIPG sells 50% stake in Czech hotel subsidiary

CPI Property Group (CPIPG) has sold  a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties. 
Wednesday, 27. March 2024

Real I.S. achieves full investment for SCF I-fund

The latest acquisition of an office property at Innere Wiener Strasse 17 in Munich's Haidhausen district means that the specialised institutional real estate alternative investment fund Real I.S. SCF I is now fully invested and broadly diversified in its target country, Germany, with total investment of more than 250 million ...
Wednesday, 27. March 2024

Branicks finishes negotiations with creditors

Branicks has got green light for the restructuring plan from the lenders of the € 225 million promissory note loans maturing in 2024. In doing so, the promissory note loans in question are extended to June 30, 2025.
Tuesday, 26. March 2024

LHG takes over hotel operations from 12.18.

The Lindner Hotel Group takes over the operation of five hotels previously managed by the 12.18. Group. LHG's portfolio will grow from two to four brands. 12.18. will focus on real estate activities. Both companies consider the merger to be another milestone in their respective growth strategies.
Tuesday, 26. March 2024

Trident expands office space in C200 Office in Gdańsk

Trident BMC will continue as a tenant in C200 Office. It has renewed and expanded its lease to occupy more than 2,200 sqm of office space. The tenant was represented during the renegotiation process by Newmark Polska.
Tuesday, 26. March 2024

GLP completes redevelopment of Schifferstadt Logistics Park

GLP has finalised its redevelopment project in Schifferstadt, with the completion of two logistics buildings with a total area of 54,000 m². Each building has an 8,500 m² mezzanine floor and 2,000 m² of office space. The site features parking spaces for 124 cars and 35 trucks.
Tuesday, 26. March 2024

Real investment volume in Czechia could grow up to 22%

According to Savills research, Q1 2024 real estate investment volumes in the Czech Republic are forecast to reach approximately €350 million and European real estate investment volumes approx. €34 billion. Savills forecasts that year end investment volumes for the Czech Republic will exceed €1.5 billion and for Europe €177-18...
Tuesday, 26. March 2024

Aareal AGM to include squeeze-out resolution

Aareal Bank AG has invited shareholders to its ordinary Annual General Meeting, which will be held on 3 May 2024 as a virtual meeting. A key item on the agenda will be the passing of a resolution on a squeeze-out of minority shareholders. The main shareholder, Atlantic BidCo GmbH, has further specified its transfer request an...
Tuesday, 26. March 2024

Czech regional office market increases attractiveness

Regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high quality, office space outside of Prague. This finding comes from the latest survey by Colliers. According to the market research, net realized demand in Brno grew by 43% year-on-year, while in...
Tuesday, 26. March 2024