News

Investment & finance

EBRD invests EUR 10 mln in Pula shopping centre

schedule 13 January 2017
Alex Hayes
journalist

CROATIA The European Bank for Reconstruction and Development is together with the Enterprise Expansion Fund to invest EUR 10 mln for the development of the Trgovački centar Max Stoja, a shopping centre in the city of Pula.

More retail investment in Poland, Ireland and Italy

schedule 13 January 2017
Rafał Ostrowski
journalist

EUROPE During the first three quarters of 2016 non-core markets experienced a significant rise y-o-y in retail real estate investment.

Immofinanz goes after cash

schedule 13 January 2017
Alex Hayes
journalist

EUROPE Immofinanz has announced a EUR 300 mln bond issue (increased from EUR 200 mln) of convertible bonds with a denomination of EUR 100,000 representing 125.4 mln shares in the company or 12.84 pct of the current outstanding share capital of the company.

LPP to fight for Serbian wallets

schedule 12 January 2017
Eurobuild CEE

SERBIA The LPP chain is to expand into Serbia and has registered a subsidiary with a Belgrade office, LPP Reserved doo Beograd.

Aberdeen Asset Management sells Construdava

schedule 13 January 2017
Alex Hayes
journalist

ROMANIA Colliers has announced that Aberdeen Asset Management Deutschland sold the Construdava building in Bucharest to AdamAmerica in 2016.

Residential

Sielska 22 in Poznań

schedule 12 January 2017
Rafał Ostrowski
journalist

POLAND Grupa Partner together with a number of co-investors, including Atrium Sielska 22, is to develop the Atrium Sielska 22 project in Poznań.

Smart Home market picking up tempo

schedule 12 January 2017
Eurobuild CEE

POLAND The value of the global smart home industry has been growing steadily with the value of the current market now estimated at over USD 16 bln. However, according to internet portal Statista, by 2021 the market will have increased nearly fivefold.

Warehouse & industrial

Prologis buys two buildings close to Budapest

schedule 12 January 2017
Rafał Ostrowski
journalist

HUNGARY Prologis European Properties Fund II (PEPFII) has acquired the M0 Central Business Park from IDI Gazeley.

Russian investment forecast to grow to USD 4.5 bln this year

schedule 12 January 2017
Eurobuild CEE

RUSSIA Commercial real estate investment volume is expected to grow to USD 4.5 bln this year, according to JLL.

Green projects

Saski awarded BREEAM-In-Use

schedule 12 January 2017
Rafał Ostrowski
journalist

POLAND CA Immo has obtained a BREEAM In-Use certificate for its Saski Point office with a “Very Good” rating in the Building Management and Asset Performance categories.

Office & mixed-use development

Servier in White Gardens

schedule 12 January 2017
Rafał Ostrowski
journalist

RUSSIA French pharmaceutical company Servier has leased 6,600 sqm for its Moscow head office and training centre in the White Gardens Office Centre.

C&W: Investment expected to grow by 6 pct

schedule 12 January 2017
Eurobuild CEE

EUROPE Despite economic and political uncertainty investor activity on the European real estate market in 2017 is expected to grow by 6 pct, according to a report by Cushman & Wakefield’s European Capital Markets team. It is likely to be driven by the weakening of bond prices and investors interest in safe but growth-orientated opportunities.

Office & mixed-use development

HB Reavis sells two buildings in Prague

schedule 11 January 2017
Rafał Ostrowski
journalist

CZECH REPUBLIC Slovakian real estate developer HB Reavis has sold two office buildings River Garden II and III in Prague’s Karlin district for EUR 84 mln.

Office & mixed-use development

HB Reavis starts construction of flagship project

schedule 11 January 2017
Alex Hayes
journalist

POLAND Slovakian developer HB Reavis has announced that the 140,000 sqm complex that will include the European Union’s tallest skyscraper with 53 storeys is to be called Varso.

Official approval for Eko Holding takeover

schedule 11 January 2017
Eurobuild CEE

POLAND The Office of Competition and Consumer Protection [UOKiK] has approved the acquisition of Eko Holding by Eurocash on the condition of the sale of three Eko Holding stores: two in Podkarpackie Province (Gniewczyna Łańcucka and Zarzecze) and one in Opolskie Province (Chróścice). e

Small project in Wrocław

schedule 11 January 2017
Tomasz Szpyt-Grzegórski

POLAND Archicom is planning to construct a residential project in Wrocław.

Tacit launches hotel

schedule 11 January 2017
Tomasz Szpyt-Grzegórski

POLAND Plac Katedralny JS, a subsidiary of Tacit Development, has appointed Strabag as the general contractor to build a hotel on Katedralny Square in Wrocław.

Retail & leisure

Shopping centre in Góraszka in two years’ time

schedule 11 January 2017
Tomasz Szpyt-Grzegórski

POLAND Auchan is to open the Kolorowe Życie shopping centre in Góraszka near Warsaw around the end of 2018.

Residential

Building permit for Yacht Park

schedule 11 January 2017
Eurobuild CEE

POLAND Polski Holding Nieruchomości (PHN) has obtained a final building permit for its Yacht Park residential complex in Gdynia.

Orbis sells two hotels

schedule 11 January 2017
Tomasz Szpyt-Grzegórski

POLAND Orbis has disposed of two hotels in Częstochowa but both will continue to operate under their current brands.

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