News

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.
October 2015
Bluehouse sold the Victoria office center in Bucharest, Romania to GLL Real Estate Partners, a German-based asset management firm. Victoria was developed by Bluehouse and is one of the most prestigious office buildings in the CBD of Bucharest. It is currently leased to international tenants such as Citibank, Starbucks, Jones Lang LaSalle, AON and AIG. Victoria was voted the Best Office Development in Romania in 2009, and was awarded Green Accreditation by BREEAM, in line with our commitment to high environmental standards as a means to add value.  The sale of the Victoria center is another successful exit for Fund I, and is evidence of the shift in investor sentiment towards the country.
September 2015
Bluehouse sold three Czech retail assets in Hradec Králové, Znojmo and Jablonec to Redside Funds, a Czech institutional investor.  The retail parks were acquired by Bluehouse in two separate transactions, in April 2012 and February 2013, and were grouped as a portfolio with common investment characteristics.  The investments were part of the Fund’s strategy to assemble an institutional quality retail park portfolio leased to well-established, multinational-tenants, which offered income security and upside potential from technical and leasing repositioning. This portfolio sale further validates our strategy of repositioning assets suitable for institutional buyers focused on yield, and is another significant realization for Fund III.
August 2015
Bluehouse sold Infopark E to a fund managed by Diófa Fund Management. The transaction represents the largest single asset deal in Hungary in 2015.  Infopark E is the newest building within the prominent Infopark development project, located in the best performing South-Buda submarket. Since acquiring the asset Bluehouse successfully repositioned the building by improving its tenant mix, achieving full occupancy and increasing the WALD.  The transaction is a great impetus to the local real estate market, which has regained its momentum in the last two years.  For more information see the following CBRE press release
July 2015
Bluehouse completed the acquisition of Malta House office building located in the Central Business District of the city center of Poznan, Poland. Malta House is a modern Grade A five-story office building offering 14,270 sqm of office space, 1,254 sqm of retail space, and 273 parking places on 2 levels of underground parking. It was developed in July 2013 by Skanska and is of a very high standard, with modern specifications and state of the art architecture.  The largest tenants include: Franklin Templeton Investments, Ciber Polska and Skanska. Malta House was awarded with a prestigious “LEED PLATINUM” certificate, thus becoming the 3rd office building in Poland and 1st in Poznan with this certification; and  in line with Bluehouse’ commitment to environmental sustainability. 
July 2015
Bluehouse completed the acquisition of Alchemia I, a modern Grade A multifunctional complex in Tricity, Poland. Alchemia I was completed in December 2013 and consists of two towers (of eight and six stories respectively) with a total GLA of 24,647 sqm. Alchemia I benefits from a diverse and strong tenant line-up covering a wide range of sectors, the 3 largest tenants include: Dynatrace, Kemira Gdansk and Gdańskie Wydawnictwo Oświatowe. The building incorporates a wide array of state-of-the-art technical solutions, which means reduced environmental impact, reduced operating costs and a top-quality work environment. Alchemia I is the first in Tricity, and one of the few projects in Poland, which has been granted LEED Platinum pre-certification, the highest level achievable under the rating for Leadership in Energy and Environmental Design.
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