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Echo Investment has more than met its goals for 2019, selling 1357 apartments and handing over the keys to 1263 apartments to its clients. In the last quarter alone, the company sold 418 apartments and handed over 672 to clients, which enabled it to achieve a 38% better annual sales result than in 2018.
Vastint Poland has signed a contract with CFE Polska to execute and coordinate the construction of an office building with the leasable area of 11,400 m² at 2 Kielecka Street in Gdynia. Ground breaking will begin at the start of this year. The project is planned to be completed by mid-2022.
Skanska ends 2019 with a divestment of a second office building in the Nowy Rynek complex. The contract worth €36m was signed with Corum in August, which was the first office transaction in Central Eastern Europe between the two companies.
Mira Matusiak, Wojciech Przybylak and Tomasz Bulej have joined the Industrial and Logistics Agency of global real estate services firm Cushman & Wakefield.
GIC, Singapore's sovereign wealth fund, has signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management's affiliates for approx. €950 million. GIC said the deal would help scale up its P3 logistics platform. „As a long-term value investor, logistics continues to be...
Patrizia AG has sold Feniks office building in Warsaw with a total rental space of 10,000 m² to the Korean investor Eugene Investment & Securities. The building is located in Wola and is 85 percent leased to the “BOS” environmental bank. Other tenants include a supermarket, a drugstore and a coffee shop. The parties have agre...
Europa Capital has sold the Radisson Collection hotel in Warsaw on behalf of its value add fund, Europa Fund V to Wenaas Hotels Europe A/S, part of Wenaasgruppen. The sale follows the comprehensive refurbishment of the property, which has been upgraded from a Radisson Blu to a five star Radisson Collection branded hotel, the ...
A joint venture between Curzon Capital Partners III (CCP III), a core-plus real estate fund advised by Tristan Capital Partners and Allianz Real Estate, acting on behalf of several Allianz group companies, has sold one of Warsaw’s most prestigious skyscrapers, Warsaw Financial Center (WFC) to CPI PG. Financial details were no...
TriGranit has laid the foundation stone of the first phase of its new Class-A office development, the Silesia for Business in Katowice, Poland. The office building will be the final element of the mixed-use development project of TriGranit, started 15 years ago and realised on a 30 hectares large brownfield area. The post-min...
Panattoni has built a facility for Amazon in Gliwice of record-breaking size and functionality. The project, featuring in excess of 210,000 m² and four storeys, is the company’s largest building in the country and has been fitted out with advanced Amazon Robotics technology.
M7 Real Estate has fully invested its first dedicated Polish investment fund, M7 POLAF. The Fund comprises nine office, light industrial and logistics assets totalling 93,536 m² across Poland. The Fund’s portfolio has a total value in excess of €120 million and is 90% let with a WALT of 3 years.
Sale and leaseback (SLB) transactions across Europe accounted for 11.1% of total retail investment volumes in the first three quarters of 2019, according to a recent report from Savills. This is a record high since 2007 (11.3%) and 30% above the average of the past ten Q1-Q3s. Data from the real estate advisor shows that SLB ...
Commerz Real has repositioned the Warsaw office property Tulipan House in line with modern work concepts. To this end the building – which was erected in 2008 and has been in the Hausinvest portfolio since 2013 – was in part comprehensively converted and fitted with a variety of community and service offerings for the tenants...
The warehouse sector in Poland has recorded another good quarter. In June to September 2019, over 830,000 m² of modern warehouse space was rented, of which 56% constituted new lease agreements. 990,000 m² were delivered on the market, and 1.85 million m² remains under construction. The availability of space increased slightly...
Apsys has refinanced its Centrum Posnania with a 10-year maturity, €300 million senior loan from Allianz - completed by Allianz Real Estate on behalf of several Allianz companies - and that it now owns 100 per cent of the 100,000 sq m property in retail property in Poznan. According to Roland Fuchs, Head of European Real Esta...
Today, TAG Immobilien AG signed via TAG Beteiligungs- und Immobilienverwaltungs GmbH, a 100% owned subsidiary, an investment agreement to acquire 100% of the shares in Vantage Development S.A. („Vantage Development“) with a simultaneous carve-out of its commercial real estate business which will be repurchased by the selling ...
Globalworth has acquired Chmielna 89 office building in Warsaw and Tischnera Office in Krakow. The office projects, both developed by Cavatina Holding, will offer a total of approx. 60,000 m² of leasable space. The purchase price was not disclosed.
Azora Europa has sold two office projects located in Krakow, Green Office and Avatar, to Cromwell European Real Estate Investment Trust (CEREIT) for €78.2 million. Savills advised the vendor on the disposal of both assets.
