HVB Group buys Euromarket Office Centre in Kraków
The German HVB Group has bought the Euromarket Office Centre in Kraków,
southern Poland, for around EUR 23.9 mln, which represents the city's first
institutional investment deal. The class A, five-storey building, which was
completed in April 2000, includes Motorola, Fortis Bank Polska and BP as its
tenants.
The group's Central European Real Estate Investment Fund, now owns nine
properties in the Central European region, of which the Renault building on ul.
Marynarska in Warsaw is one. EUR 155 mln, of a total of EUR 168 mln, has so far
been spent and the fund will be fully invested by the end of the year, involving
two more acquisitions, one of which will be in Warsaw.
Rodamco Europe owner of half of Galeria Mokotów
Rodamco Europe has acquired 50 % of developer Globe Trade Centre's stake in the
company which owns Galeria Mokotów shopping centre in Warsaw. This