PL

Investment & finance

Investment & finance

POLAND Echo enjoys 17 pct rise in portfolio value over H1

schedule 24 September 2020
Opr./edited by NN

Polish developer Echo Investment generated a net profit of PLN 10.4 mln in Q2 2020, mainly due to the appreciation in the value of its projects under construction and the handover of 222 apartments to buyers.

Investment & finance

CZECH REPUBLIC Portivo picks up Brno Mall

schedule 21 September 2020
Nathan North
deputy editor

Czech investment group Portiva and Micronix have bought the Central Kladno shopping centre in Brno from Crestyl for CZK 2 bln (app. EUR 74.8 mln).

Investment & finance

CZECH/ SLOVAKIA/ UK Vesa starts buying at Sainsbury’s

schedule 21 September 2020
Nathan North
deputy editor

Prague-based Vesa Equity Investment has announced the acquisition of a 3.05 pct share in British supermarket chain Sainsbury’s, becoming its fourth largest shareholder.

Investment & finance

POLAND Madison buys Chmielna 89 stake

schedule 18 September 2020
Nathan North
deputy editor

A fund managed by US investor Madison International Realty has bought a 65 pct stake in the newly completed Chmielna 89 office project in central Warsaw from Cavatina Holding.

Investment & finance

CENTRAL EUROPE Trei takes out EUR 54 mln loan from Helaba

schedule 17 September 2020
Opr./edited by NN

Düsseldorf-based retail park developer Trei Real Estate has been granted an unsecured EUR 42 mln loan from German bank Helaba.

Investment & finance

ROMANIA Romanian RE investment rockets despite the pandemic

schedule 14 September 2020
Opr./edited by NN

More than EUR 400 mln worth of real estate transactions closed in Romania the last weeks, confirming both that the investment market in the country has remained vigorous during the pandemic and that it is no longer just seen as a fringe Central European market, according to Cushman & Wakefield Echinox.

Investment & finance

ROMANIA SIF Banat-Crișana makes largest ever land purchase

schedule 10 September 2020
Nathan North
deputy editor

Closed-end investment company SIF Banat-Crișana has agreed to buy for an undisclosed sum a 99.92 pct stake in South Korean-owned metallurgical firm Doosan IMGB.

Investment & finance

SLOVAKIA HB Reavis issues 15,000 five-year bonds

schedule 09 September 2020
Nathan North
deputy editor

HB Reavis Group has launched its latest bond issue through Slovenská sporiteľňa bank.

Investment & finance

CEE REGION CEE real estate volumes up in H1 – Savills

schedule 09 September 2020
Opr./edited by NN

Real estate investment turnover grew across the CEE region in H1 2020, despite the impact of Covid-19 in Q2, according to Savills’ latest European Investment Spotlight report.

Investment & finance

CEE REGION NY court throws out suit over CPI’s Orco takeover

schedule 07 September 2020
Nathan North
deputy editor

A New York court has dismissed the lawsuit against CPI Property Group brought by Kingstown group companies Investhold and Verali, concerning CPI’s takeover of Orco in 2013/14.

Investment & finance

EUROPE Immofinanz invests EUR 2 mln in SpaceOS

schedule 04 September 2020
Nathan North
deputy editor

Immofinanz has invested EUR 2 mln in connected workspace platform provider SpaceOS.

Investment & finance

Poland Savills IM buys again in Łódź

schedule 02 September 2020
Opr./edited by AH

Savills Investment Management has acquired a 38,000 sqm logistics building in the Central European Logistics Hub in Łódź.

Investment & finance

Europe ECE to become ECE Group

schedule 02 September 2020
Opr./edited by AH

ECE is restructuring and, from January 1st 2021, will become ECE Group: an integrated group of companies operating in the real estate and investment sectors, offering services including asset management, development expertise and investment management.  

Investment & finance

POLAND Accolade awarded EUR 153 mln for Polish parks

schedule 01 September 2020
Nathan North
deputy editor

Czech industrial developer Accolade has received a EUR 153 mln refinancing loan for its Polish portfolio from German real estate bank Aareal.

Investment & finance

CEE REGION Cordia raises EUR 105 mln from second bond issue

schedule 01 September 2020
Opr./edited by NN

Cordia International, the residential development platform of Futureal Group, has completed its second bond issue on the Budapest Stock Exchange to finance its further expansion, predominantly in the CEE region.

Investment & finance

Ukraine EBRD backs Novus with USD 100 mln loan

schedule 01 September 2020
Opr./edited by AH

The European Bank for Reconstruction and Development has agreed to finance food retailer Novus Group with a USD 100 mln loan, of which USD 35 mln is to be syndicated to commercial banks.

Investment & finance

CEE REGION Robust H1 results for CPI

schedule 01 September 2020
Opr./edited by NN

CPI Property Group saw its net rental income increase by 13 pct y-o-y in H1 2020 to EUR 164 mln.

Investment & finance

CEE REGION Warimpex sees value in switch to offices

schedule 31 August 2020
Opr./edited by NN

Warimpex Finanz- und Beteiligungs suffered a 44 pct y-o-y reduction in total revenues and a 23 pct fall in gross income from revenues in H1 2020.

Investment & finance

Poland CPI embraces Concept

schedule 27 August 2020
Opr./edited by AH

Czech real estate investor CPI Property Group has announced the acquisition for an undisclosed sum of the Concept Tower office building on ul. Grzybowska in Warsaw from Concept Development Group.

Investment & finance

CZECH REPUBLIC Pankrác plot sells for online record

schedule 17 August 2020
Nathan North
deputy editor

An almost 1 ha plot in Prague 4 has been sold for a record sum for an online auction of CZK 497 mln (app. EUR 19 mln), according to the auction house, Elektronické Dražby.

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