Briefs

EDE buys Ostrobramska 79 Israeli capital fund EDE has purchased a retail-office building at ul. Ostrobramska 79 in Warsaw from owner/developer Dentacon in a deal worth approximately EUR 12,450 mln. The anchor tenant of the 10,444-sqm scheme is Media Markt Polska with a store of 7,600 sqm. The transaction was co-financed by Immoconsult (a subsidiary of Oesterreichische Volksbanken). Property agency GVA Immoconsult Polska represented Dentacon in the transaction. Land doesn't cut it: Unsuccessful share launch for Skarbiec fund The launch of Poland's first domestic property fund ended in failure after TFI Skarbiec was unable to raise the required PLN 30 million from its share issue. The fund raised only PLN 20 million, said Lukasz Piasta of Feeria PR, which represents Skarbiec. According to Piasta there were two reasons why the fund was unsuccessful: the recession and unlucky timing. The fund had hoped to launch last year before a