Trei Real Estate to develop residential complex with 82 apartments in Northern Munich

Trei Real Estate GmbH has received the building permit for its Weyprechthof residential development in the Milbertshofen-Am Hart district of northern Munich. Located on Max-Liebermann-Strasse, the project will deliver 82 rental apartments along with ground-floor gastronomy units and an outdoor beer garden. Construction is scheduled to begin in July 2025, with completion expected in 2027. The total investment volume is approximately €50 million.

The development will include a mix of one- to four-room apartments across two buildings: a six-story northern block and a five-story southern block. Together, the apartments will cover around 4,400 square meters of living space. Each unit will feature modern fittings and balconies. A shared roof terrace on the southern building will be accessible to all residents.

Additional amenities include a two-level underground car park with 75 spaces, roughly one-third of which will have charging stations for electric vehicles. The ground-floor restaurant space and adjoining beer garden are designed to contribute to the area’s urban atmosphere.

The project will incorporate sustainable construction methods and meet current energy standards. Features will include a photovoltaic system and ventilation with heat recovery. The building is expected to meet the requirements for QNG-PLUS and DGNB Gold certifications.

Situated near the Allianz Arena and Olympic Park, the site benefits from strong public transport connections to Munich’s city center, universities, and airport. The area is also surrounded by parks and local services, including schools, shops, and healthcare facilities.

CTP develops 18,000 sqm facility in Serbia for SCHOTT Pharma

CTP has completed an 18,000 sqm build-to-suit production facility for SCHOTT Pharma at CTPark Jagodina in Serbia. The new site expands SCHOTT Pharma’s manufacturing network, which now spans 15 countries, and will focus on the production of glass ampoules used in vaccines and other injectable medications.

The facility will employ 180 people and adds to SCHOTT Pharma’s existing network of ten ampoule production sites worldwide. The building was developed according to CTP’s modern industrial standards, which include sustainability-focused features and energy-efficient infrastructure.

CTPark Jagodina is located near the A1 highway and offers access to key cities including Belgrade and Niš, as well as multiple EU markets through direct road connections. The park is also situated within a region with a population of approximately 400,000 and close to the university city of Kragujevac, providing access to a skilled workforce.

The park includes BREEAM Very Good-certified buildings and features such as rooftop solar panels, water reuse systems, and amenities designed to support employee wellbeing. It spans 22.9 hectares, with 33,000 sqm of space already built and 88,000 sqm planned for future development.

Petar Kolognat, Business Development Director for CTP Serbia, stated that the partnership with SCHOTT Pharma supports the wider industrial network in the region and offers flexibility for future expansion.

Denis Nikitin, Plant Manager at SCHOTT Pharma, noted the suitability of the site and the cooperation with CTP throughout the project, highlighting the location’s industrial relevance and access to qualified personnel.

CTP manages 600,000 sqm of industrial and logistics space in Serbia, with 200,000 sqm of new space expected to be delivered by the end of 2025. The company continues to develop facilities across Serbia’s main cities, including Belgrade, Novi Sad, Kragujevac, and Niš, as demand grows from multinational manufacturers seeking to relocate production closer to European markets.

ROBYG developments reflect local identity in Gdańsk and Gdynia

The Tri-City region, encompassing Gdańsk, Gdynia, and Sopot, is known for its distinctive coastal character, shaped by maritime heritage and modern urban growth. Within this context, ROBYG has delivered residential projects that respond to the local environment rather than dominate it. Drawing on the cultural and architectural traditions of the Polish coast, the company’s premium developments in Gdańsk and Gdynia aim to balance historical continuity with contemporary design.

In Gdańsk, the Nadmotławie development is one of ROBYG’s flagship projects. Located on the revitalised post-industrial site of the Polish Hook, where the Motława and Martwa Wisła rivers meet, the project has transformed the area into a modern residential zone. Inspired by the city’s Hanseatic past and its shipbuilding legacy, the design integrates industrial motifs with contemporary features. Elements such as Corten steel façades, large-scale glazing, and industrial details reference the form of ship hulls and port equipment. A suspended footbridge over the courtyard adds visual interest while offering recreational space and views of the river. Nadmotławie has received recognition at both national and European levels, including a finalist position in the European Baumit Life Challenge 2024 and an award in the Polish Facade of the Year 2023.

In neighbouring Gdynia, the WENDY project continues this approach by referencing the city’s modernist architectural tradition and its maritime setting. Situated in the centre of Gdynia, near the port and major transport routes, WENDY is designed with the principles of a compact, accessible “15-minute city.” The layout of five buildings draws inspiration from the structure of shipping containers and warehouse stacking. The design features a palette of cool tones and metallic finishes, reflecting the city’s modernist roots while introducing subtle contemporary contrasts. High-quality materials, spacious common areas, and a distinctive four-storey lobby contribute to the development’s premium character.

Both projects reflect ROBYG’s broader approach to urban development. Beyond providing housing, the company seeks to shape new cityscapes that incorporate architectural heritage and urban functionality. Nadmotławie and WENDY illustrate how modern residential development can coexist with historical and cultural identity, creating sustainable and livable communities rooted in their local context.

Periskop Partners appoints Carlo Richardt as Head of ESG

Periskop Partners has appointed Carlo Richardt as the new Head of ESG at its Berlin headquarters. In this role, Richardt will be responsible for guiding the company’s environmental, social, and governance strategy, with a focus on long-term value preservation and sustainable risk management across the group and its subsidiaries.

Richardt, 38, is a certified Sustainable Finance Manager with a background in real estate and sustainability management. He brings expertise in ESG integration, data handling, and development financing. Prior to joining Periskop Partners, he worked as an ESG Specialist at ZBI GmbH, where he developed sustainability concepts at the property level, established CO₂ tracking across portfolios, and supported investor reporting based on CRREM decarbonization pathways.

Earlier in his career, Richardt held various positions at Deutsche Kreditbank AG, working in real estate services with a focus on digitising property valuations and monitoring CO₂ emissions across the financed portfolio.

Lars Meisinger, CEO of Periskop Partners, stated that Richardt’s appointment strengthens the firm’s ability to manage ESG risks and maintain long-term value for investors. “A credible and pragmatic ESG strategy is essential. With Carlo Richardt, we enhance our capacity to identify and manage sustainability-related risks early and effectively,” Meisinger said.

Originally from Potsdam, Richardt studied Real Estate Management (B.A.) and later completed an MBA in Real Estate Management in Berlin.

INTREAL reports renewed growth in first quarter of 2025

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) recorded a renewed upswing in growth during the first quarter of 2025. Assets under administration (AuA) rose to approximately €67.7 billion as of 31 March 2025, up from €66.6 billion at the end of December 2024, marking a 1.7% increase.

The total number of properties under management increased by 39 during the quarter, reaching 2,773. At the same time, the number of investment funds rose from 321 to 325. Staff numbers across INTREAL’s offices in Hamburg, Frankfurt, and Luxembourg also grew slightly to 539 employees by the end of March.

INTREAL’s leadership reaffirmed its positive outlook for the remainder of 2025. Camille Dufieux, Managing Director, noted that the company’s performance reflects improving market conditions, with increases in both AuA and fund volumes. She also acknowledged ongoing uncertainties, including geopolitical risks and the slow pace of economic growth in Germany.

Malte Priester, also a Managing Director at INTREAL, pointed to increased investor interest in real assets and signs of price stabilisation in the real estate market. He highlighted growing activity in the Real Estate Private Debt segment, driven by tighter lending standards among banks, as well as continued interest in infrastructure investments linked to the energy transition and digitisation efforts.

The Partner Funds division remained INTREAL’s largest business unit, managing 158 funds with assets totalling around €36.4 billion—approximately 54% of the company’s total AuA. The unit, which supports clients without AIFM licences, grew its assets by €178 million in Q1.

The AIFM Services division saw stronger growth, with AuA rising by €971 million to reach €31.3 billion, representing a 3.2% increase. This division, which supports licensed AIFMs by handling administrative and regulatory tasks, added two new funds during the period, bringing its total to 167.

Overall, INTREAL’s first-quarter results reflect stable investor demand for regulated real estate vehicles and sustained momentum across its core business lines.

Photos: Camille Dufieux, Managing Director and Malte Priester, Managing Director at INTREAL

Presidential elections 2025: Poland at a crossroads – between uncertainty and monolithic power

The results of the first round of the 2025 presidential elections held on Sunday indicate that Poland is at a crucial decision point, both from a political perspective and regarding the stability of the entire political system. Rafał Trzaskowski received 31.36% of the votes, while Karol Nawrocki garnered 29.54%. The margin is slim, but the stakes are high. Amid this rivalry, new political forces are emerging from both the right and the left—Sławomir Mentzen from the right-wing Konfederacja with 14.8% and Adrian Zandberg from the left-wing Razem with 5.2%. This shift reflects a growing fatigue among voters with the dominance of the two traditional political blocs.

Mentzen’s unexpectedly strong showing indicates that a free-market, sovereign electorate is not only present but expanding, particularly among younger and entrepreneurial individuals. Conversely, Zandberg has successfully appealed to voters seeking a clear progressive and radically leftist alternative. Both groups could play a crucial role in the second round, provided that one of the leading candidates addresses their real interests rather than relying solely on slogans.

However, the upcoming second round poses risks not only for the candidates but for the entire Polish political system. Should Rafał Trzaskowski win, the executive and legislative powers will be concentrated within one liberal-left camp. This scenario could lead to a mono-power structure, where the governing coalition controls the Sejm, Senate, and the Presidential Palace. While this might appear stable, it threatens to undermine the mechanisms of checks and balances, eliminate institutional safeguards, and subjugate the state to the prevailing political agenda. Past experiences show that excessive concentration of power can foster the temptation to abuse it. There are growing concerns among free-market, civic, and freedom-oriented groups that, rather than achieving decentralization and respect for institutions, Poland may experience increased centralization and further partisan polarization in key decision-making.

On the other hand, a victory for Karol Nawrocki could restore political balance. A president from a different camp would play a critical political oversight role, potentially blocking extreme legislative initiatives, stabilizing the political landscape, and compelling the government to seek compromises. However, the situation could also lead to a complete standstill in the state’s legislative functions. Current dynamics indicate that neither of Poland’s two largest political blocs is willing to compromise. At the same time, there is also a struggle over the ruling coalition’s future. If Rafał Trzaskowski loses, it could result in a political crisis, potentially causing the collapse of the liberal-left parliamentary majority and requiring new elections.

Thus, the 2025 elections represent a pivotal moment for the entire political system. The outcome will determine not only who occupies the Presidential Palace but also whether Poland will maintain an institutional balance or devolve into a state of autocracy, where the risk of power abuse becomes systemic. For advocates of freedom and effective governance, the message is clear: an effective state must be limited, not omnipotent. The concentration of power poses a threat, regardless of who wields it.

Source: WEI

HIH Invest and Nrep acquire logistics development in Herten

HIH Invest Real Estate has acquired a logistics development project in Herten, North Rhine-Westphalia, through a joint venture with international private equity investor Nrep and its logistics platform, Logicenters. The property was purchased from developer E-Group under a forward funding agreement. HIH Invest initiated and structured the transaction and financing, and will serve as asset manager.

The project is being developed on a 65,220-square-metre site at Emscherbruch 10. The logistics park will offer 36,821 square metres of total rental space, including 33,416 square metres of logistics space, 1,153 square metres of offices, and 2,252 square metres of mezzanine. Construction is already underway, with completion expected by mid-2026. Around half of the space has been pre-let, with further lease negotiations ongoing.

The facility is designed to meet high environmental and operational standards. It will include a rooftop photovoltaic system with a capacity of approximately 2.2 megawatts and will incorporate modern heat pump technology. The building is targeting DGNB Gold certification and will be suitable for 24/7 use, offering a clear internal height of 12.2 metres and floor loading of five tonnes per square metre. The site will also include 170 car parking spaces and five truck spaces.

HIH Invest’s partnership with Nrep is part of a broader strategy focused on value-add investments in logistics and residential real estate across Germany. Nrep is contributing capital through its Nordic Strategies Fund V, which is the largest value-add real estate fund in Europe.

The logistics park is located near the border of Herne and benefits from direct motorway connections to the A42, A43, and A2. It is also close to the Herne container terminal, a key regional transport hub. The site itself is a former brownfield, previously used for coal slag disposal, and is being redeveloped as part of the ‘Green Hub Emscher’ initiative—a sustainable industrial zone featuring low-emission logistics and planned loading infrastructure.

Legal due diligence for the transaction was handled by Ashurst, while CBRE and Dress & Sommer provided commercial and technical advisory services, respectively.

HIH Invest currently manages over €1.2 billion in logistics assets, making it one of the leading logistics property investment managers in Germany.

Demand for luxury resort properties in Poland on the rise

Poland’s premium real estate market in resort locations is experiencing steady growth, with increasing numbers of investors shifting their focus from foreign destinations to domestic holiday areas such as Masuria, the Baltic coast, and the mountains. Once drawn to apartments in Spain or villas in Dubai, affluent Polish buyers are now showing stronger interest in properties located closer to home, driven by accessibility, regulatory predictability, and lifestyle preferences.

Sales data confirm a decline in interest in overseas markets. In Spain, for example, property purchases by Poles dropped by 23% in 2023 compared to the previous year, with traditional hotspots like the Costa del Sol and Costa Blanca particularly affected. According to a Deloitte report, rising maintenance costs, political and economic instability, growing environmental concerns, and complex tax procedures are contributing to the reduced appetite for foreign investments.

In contrast, Polish resort areas are gaining appeal. Demand is being fuelled by buyers prioritising convenience, flexibility, and secure legal frameworks. Mixed-use developments with access to nature and recreational infrastructure—such as private marinas, wellness facilities, or lakefront locations—are especially attractive. Properties that combine comfort with investment potential are seeing the most interest.

Developers and brokers report record quarterly sales. At Marshall Real Estate, transactions in resort destinations totalled over PLN 30 million in Q1 2025. The firm recently sold a lakefront property in Masuria for nearly PLN 1.8 million. According to the company’s representatives, today’s premium clients are increasingly well-informed, seeking clarity on return on investment, zoning, and management standards before committing.

The Polish luxury market is also becoming more diverse. Reports from Poland Sotheby’s International Realty and Knight Frank indicate that buyers are not only looking for traditional high-end apartments, but also for properties that offer a distinctive experience. This includes boutique developments, revitalised estates, and sustainable homes designed with long-term use in mind.

Developers are adjusting accordingly. In some cases, planned features such as marinas or community infrastructure have been added during the design phase based on consultation with experienced brokers. This shift reflects a deeper collaboration between sales teams and developers, aimed at tailoring projects to actual buyer needs rather than relying solely on marketing narratives.

Looking ahead, analysts expect the premium resort property segment to continue expanding. EY forecasts suggest the market could grow by up to 40% by 2028, driven by interest in locations that offer both exclusivity and well-integrated amenities. With land availability near prime lakes and coastlines becoming more limited, developers are focusing on smaller, high-quality projects designed to offer not just living space, but an overall lifestyle.

Source: Tomasz Kozioł and Karol Szumański, Marshall Real Estate

MLP Group begins construction of logistics park in Spreenhagen

MLP Group has launched construction of a new logistics and industrial park in Spreenhagen, located in the German state of Brandenburg, approximately 15 kilometers from Berlin. The groundbreaking ceremony, attended by representatives of MLP Group, the general contractor LIST Bau Bielefeld, and local officials including Mayor Christine Reinhold, marked the start of the MLP Park Spreenhagen project. Completion is expected by the end of 2025.

The development is taking place on an 8.4-hectare site near the A12 motorway, which links Berlin with Frankfurt (Oder) and Poland. The location also offers access to Berlin Brandenburg Airport, situated roughly 20 kilometers away, enabling connections across both Eastern and Western Europe.

MLP Park Spreenhagen will provide around 39,000 m² of warehouse space upon completion. The facility will feature a clear height of over 12 meters and flexible unit sizes from 3,500 m² to 33,800 m². The design targets companies in sectors such as light manufacturing, logistics, retail, and e-commerce.

This is MLP Group’s second project in the Berlin-Brandenburg metropolitan area and will complement the company’s fully leased MLP Business Park Berlin in Ludwigsfelde. It is also the first collaboration with LIST Bau Bielefeld as general contractor.

The project will be built in accordance with sustainable development standards, including the use of photovoltaic systems, electric vehicle charging infrastructure, and heat pumps. MLP Group is aiming to obtain DGNB Gold certification for the building.

MLP Group currently has five projects in Germany, with additional developments planned.

REALIA FUND adds Šumperk retail park to growing portfolio

REALIA FUND SICAV has added a newly developed retail park in Šumperk to its investment portfolio, further strengthening its position in the Czech retail property market. With this acquisition, the fund now holds 21 retail parks, with a total portfolio value exceeding CZK 2.8 billion.

Completed in 2024, the Šumperk retail park comprises 3,100 m² of leasable space across five units. Tenants include PENNY supermarket, ACTION, TETA drogerie, SINSAY, and TRAFICON. The property benefits from modern design, a diverse tenant mix, and convenient transport accessibility.

“This is a modern project with strong tenant appeal and a strategic location. We expect it to provide stable, long-term returns,” said Tomáš Oplíštil, a member of the investment committee and commercial director of REALIA GROUP.

REALIA FUND SICAV maintains a conservative investment strategy, focusing exclusively on fully leased retail parks that provide sustainable income. Its financing model relies on fixed-rate loans, typically with five-year terms, and all lease agreements include inflation indexation clauses. This risk-managed approach has allowed the fund to deliver consistent returns despite broader market fluctuations.

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