Investment &amp; finance

POLAND A subsidiary of Vantage Development has obtained the perpetual usufruct rights to an area of 0.6 ha on ul. Kobierzycka in Wrocław for PLN 3.8 mln.

Pensioners want more for Robyg

26 January 2018

POLAND The pension funds which collectively hold the majority stake in Polish residential developer Robyg are refusing to sell to Goldman Sachs subsidiary Bricks Acquisitions at a price of PLN 3.55 per share.

Takeover cast in reinforced concrete

Anna Pakulniewicz

LITHUANIA Following the approval of the Lithuanian competition authorities, Axis Industries has purchased all the shares of Veikmės Statyba to become one of the main construction companies in Lithuania with over 300 employees and one of the largest teams specialising in monolithic concrete construction in the country, the company claims.

The man from UOKiK says yes

POLAND The Office of Competition and Consumer Protection [UOKiK] has agreed to the takeover of Doraco by Polski Holding Nieruchomości (PHN).

Robyg closer to acquisition

POLAND Goldman Sachs subsidiary Bricks Acquisitions has received approval from the Office of Competition and Consumer Protection [UOKiK] to take over residential developer Robyg.

Altus ups stake in Tower Investments

Aneta Cichla

POLAND Altus TFI has reported that it has acquired a right to purchase series C shares in retail chain developer Tower Investments. This will result in Altus increasing its stake from 5 pct (which it has held since 2017) to 11.22 pct in the Warsaw based company.

Romanian investment environment improves

ROMANIA Last year’s property investment volume for Romania is estimated at almost EUR1 bln, which is 10 pct higher than in 2016 (EUR 890 mln), according to figures from Jll.

Orco buys 380 ha

24 January 2018

CZECH REPUBLIC Orco has purchased plots with a combined area of 380-ha in the north and west of the Czech Republic from its mother company CPI Property Group.

Lokum buys grain plant

24 January 2018

POLAND Olczyk Lokum 13 A subsidiary of Lokum Deweloper has purchased the perpetual usufruct to a former industrial complex of Polskie Zakłady Zboźowe [Polish Grain Plant] on ul. Klimeckiego in Kraków.

Rafał Ostrowski
journalist

Slovak investor enters Poland

24 January 2018

POLAND Real estate investment fund ZFP realitní fond managed by ZFP Investments, which is part of the Slovak asset manager IAD Investments, has finalised the acquisition of the Kotlarska 11 office project in Kraków from UBM for EUR 30 mln.

Dom Development announces preliminary results

POLAND Dom Development has announced preliminary results of 3,975 apartments net sold in 2017, which includes 1,049 in Q4.

Kraków Special Economic Zone with new investors

POLAND On the 27th of December 2017 the Kraków Special Economic Zone issued permits for two companies to set up in the Kraków Technological Park in Jędrzejów, which has been a subzone of the SEZ since 2016.

InfoPark A changes hands

Alex Hayes
journalist

HUNGARY Diófa Alapkezelő has bought the 14 000 sqm InfoPark A office building on behalf of the Magyar Posta Takarék Real Estate Investment Fund from CA Immo.

pbb refinances Futurama

Alex Hayes
journalist

CZECH REPUBLIC Caerus IM on behalf of and together with,a private separate account client has concluded the third phase of a medium-term acquisition and re-financing debt facility with Germany’s pbb Deutsche Pfandbriefbank for ‘Futurama Business Park’ in Prague 8. The total value of the loan has not been disclosed.

Union Investment buys two Holiday Inn hotels in Poland

Rafał Ostrowski
journalist

POLAND Hamburg-based real estate investment manager Union Investment has announced the purchase of two hotel properties on behalf of two of its funds from UBM for EUR 80 mln. The properties, include the Holiday Inn Gdańsk City Centre project, which is being built in Gdańsk and the recently opened Holiday Inn Warsaw City Centre in the capital.

EPP prepares another acquisition

POLAND Echo Polska Properties (EPP) intends to buy the King Cross Marcelin shopping centre in Poznań through the takeover of the mall’s owner Poznań Żonkil.

Angel Care changes hands

Aneta Cichla

POLAND The Angel Care care home for the elderly in Wrocław, has been purchased by Medi-System from Angel Poland Group.

Mirbud officially solvent

POLAND A District Court in Łódź has thrown out a petition for the bankruptcy of Mirbud filed by Fabryka Biznesu as being groundless and as having been submitted mala fides.

Golden Star acquires DOT Office

Rafał Ostrowski
journalist

POLAND Amsterdam-based investment firm Golden Star Estate has acquired the DOT Office complex in Kraków from Grupa Buma for an undisclosed sum.

Waryński looking for Eqlibrium buyers