October 30, 2025

Avison Young Announces PSPA for Sky Tower in Wroclaw

On October 6, 2021, Avison Young announced that a PSPA has been signed between Develia and Adventum Group for Sky Tower, the highest skyscraper in Wroclaw.

Avison Young informed that they acted as the exclusive sales agent representing Develia (formerly LC Corp) in the transaction that amounted to EUR 84.4 million. The purchaser is Adventum Group – a fund management company focused on Central European real estate investments.

According to Avison Young, Sky Tower is a multifunctional complex comprising office, retail and residential functions. The property was erected in 2012 and offers approximately 54,000 square meters GLA.

Get the memo – every week

Essential real estate market updates, straight to your inbox.

PPF Real Estate Secures Merger Clearance for Diplomat Hotel Acquisition

PPF Real Estate Group has acquired Diplomat Prague RE, the owner of the four-star, full-service Diplomat Prague hotel, from Lombard Real Estate.

Develia and PFI Global Enter Joint Venture for Wroclaw Development

Develia and PFI Global have entered a joint venture for a multi-stage project to develop and commercialize residential and commercial units totaling approximately 29,191 square meters of usable area on Lotnicza Street in Wroclaw. 

Hinitsa Bay Four Seasons Resort Secures Financing from CrediaBank

CrediaBank has provided financing for the reconstruction, development, and refurbishment of a luxury resort in Porto Heli, Argolida, to be operated by Four Seasons.