News

August 2017
Panattoni Park, Poznań - Poland: Bluehouse initiated the development of a modern class A multi-tenant logistics centre offering 86,871 sqm of warehouse space and 3,761 sqm of office space within the Poznan-Jaryszki logistics cluster. The industrial park is going to be constructed in 4 phases with the last phase to be completed in 2019. The development will take place in cooperation with Panattoni Europe, one of the leading industrial developers in CEE.
 
Jaryszki – approximately 12km from Poznań is the fifth largest city in Poland, an important and upcoming industrial hub strategically located halfway between Berlin and Warsaw. The region has one of the lowest unemployment rates in Poland (1.8%), offering good quality infrastructure and business-related services.
July 2017
Alchemia I, Gdańsk - Poland: Alchemia I was sold to Deutsche Alternative Asset Management, a subsidiary of Deutsche Bank and one of the largest international real estate managers. Alchemia I was acquired in July 2015 and during the holding period Bluehouse added value by institutionalizing the asset in terms of its technical position, increasing the building’s occupancy and re-gearing existing leases with all tenants being retained.
July 2016
Bluehouse completed the acquisition of one Grade A and two Grade B+ office buildings in Hungary. The portfolio consists of Margit Palace, a Grade A office building located in the city center of Buda, which was completed in 2003 with a GLA of 17,193 sqm of office space, 1,889 sqm of storage space and 229 underground parking spaces;  and Terraparks A&B, located in Budaor, which were completed in 2002, and combined have a GLA of  26,216 of office space, 3,834 sqm of storage, 70 underground parking spaces and 242 above-ground parking spaces.  Tenants include Roche, Dupont, Invitel, Emea Remote and Justice Table, to name a few.  This latest acquisition demonstrates our unique access to off-market deals as a result of our longstanding relationships in the region.  Having pre-negotiated with the bank the optimal capital structure for the buildings, we will now pursue an active management strategy to include vacancy reduction, lease extensions and refurbishment work which, when completed, will enable us to benefit from stable, recurring income, and from yield improvement as a result of their institutionalization.
July 2016
Bluehouse is nominated for  “Best Real Estate Investment Manager – Emerging Europe 2016” by CFI.co, an organization that seeks out organizations that contribute significantly to the convergence of economies and truly add value. The Awards Program aims to identify and reward excellence wherever it is found in the hopes of inspiring others to further improve their own performance. Bluehouse was nominated following voting from CFI.co readers, subscribers and contributors such as the World Bank Group and various UN organizations, EU bodies and other prominent entities.
June 2016
Bluehouse is nominated for “Investor of the Year” at the 6th Annual EuropaProperty CEE Investment & Green Building Awards Gala, which will be held in Warsaw, October 27th, 2016 at the Intercontinental Hotel.
February 2016
Bluehouse is nominated for “Investor of the Year” at the 9th Annual EuropaProperty SEE Real Estate Awards Gala & Forum, which will be held in Bucharest, April  21, 2016 at the Radisson Blu Hotel.  
January 2016
Bluehouse sold its stake in City Gate to GTC in January 2016 to GTC, one of the leading commercial real estate companies in Central, Eastern and Southern Europe. City Gate was developed in a joint venture between Bluehouse and GTC, and is one of the most prestigious office buildings in the central business district of Bucharest. It is currently leased to international tenants such as Microsoft, Millennium, Knauf, Roche, Romtelecom and Rompetrol. The land plot was acquired in June 2006, and two Grade A office towers totaling 47,638 sqm were delivered in November 2009. City Gate was voted Building and Office Development of the Year in 2009 by CEE Quality Awards, was given the Green Building Award at the Europa Property SEE Real Estate Awards in 2011, and also received Green LEED “Gold” accreditation, in line with our commitment to high environmental standards as a means to add value.
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