News

POLAND Echo Polska Properties has raised ZAR 2.2 bln (app. EUR 150 mln) on the Johannesburg Stock Exchange.

Green projects

POLAND Sky Office Center in on ul. Rzymowskiego in Warsaw’s Mokotów district has been awarded a BREEAM In-Use certificate with an ‘Excellent’ rating in the Building Management and Asset Performance categories.

Etalon sees higher revenue and lower profit

RUSSIA Etalon Group has recorded over RUB 49 bln revenue for 2016 – 16 pct more than in 2015.

EBRD interested in Griffin shares

Tomasz Cudowski
editor-in-chief

POLAND Griffin Premium RE has concluded a framework agreement with the European Bank for Reconstruction and Development for the latter to purchase a stake in the company in a public offer that is currently in progress. EBRD can purchase 5 to 10 pct of Griffin Premium RE’s stock for a maximum price of EUR 20 mln.

Hungary and Romania on the hotel radar

Anna Pakulniewicz

CEE REGION Increasing volumes of capital are being invested in the rapidly growing CEE hotel market, according to research just published by Cushman & Wakefield.

Retail & leisure

Hetmańska extends its tech

Anna Pakulniewicz

POLAND A new section of the Auchan Hetmańska shopping centre in Białystok has been opened.

Residential

Europejskie on the Oder

Tomasz Cudowski
editor-in-chief

POLAND Another 101 apartments have been added to the Europejskie estate in Gorzów as the tenth building in Budnex’s project has obtained its final occupancy permit. The construction of another two buildings is underway and others are at the design stage.

Property and Facility Management

Knight Frank to manage Dukat

Rafał Ostrowski
journalist

POLAND Warsaw-based investment company Bergold Group has chosen Knight Frank as the manager of its Dukat shopping centre in Olsztyn.

“Second-best year in history” claims UBM

EUROPE UBM development has announced the results of the second-best year in its history.

Investment & finance

MLP issues bonds and buys land in Germany

POLAND/GERMANY MLP Group is to issue bonds worth up to EUR 50 mln with the proceeds largely earmarked to finance the company’s planned international expansion.

Two tenants stay in Okopowa 56

POLAND Two tenants have prolonged their leases in the Okopowa 56 building in Warsaw’s Wola district and both have also leased extra space.

Immofinanz ends seven-year dispute

EUROPE Immofinanz has announced that in principle it has reached the settlement of a dispute resulting from the company’s merger in June 2010 with Immoeast.

Echo on target to dominate residential market

Rafał Ostrowski
journalist

POLAND Echo investment sold 259 apartments in the first quarter of the 2017 up by 76 pct y-o-y.

Investment & finance

Seventeen parks sold, eight to go

CEE REGION Luxembourg based fund Pradera European Retail Parks SCSp has finalised the acquisition of 17 retail properties in Germany, France and Poland from Ikea as part of a EUR 900 mln deal negotiated in March to acquire 25 retail parks.

Dana gets into gear

HUNGARY Dana has held the ground breaking ceremony for a new gear factory in Győr.

No more warehouses for CA Immo

HUNGARY/CEE REGION CA Immo has sold its 51 pct stake in the Aerozone logistics park in Budapest to the M7 CEREF I fund completing its strategic withdrawal from the logistics sector.

EUR 1.19 bln spent in the Baltics

Anna Pakulniewicz

BALTIC STATES Investment volume in commercial real estate reached EUR 1.19 bln in 2016, according to figures from Colliers International.

PKP hand in hand with the Post office

POLAND Polish State Railways (PKP), the Polish Post Office and PKP’s developer subsidiary Xcity Investment have signed a letter of intent to jointly develop land owned separately by the state enterprises.

Pin Park to replace rail carriage factory