Investment & finance

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Name change for Apleona

schedule 14 August 2018
Eurobuild CEE

POLAND Since July 5th Apleona GVA has been operating under the abbreviated name – GVA.

Cinema3D sells up in Poland

schedule 14 August 2018
Anna Pakulniewicz

POLAND Cinema3D is selling its portfolio of multiplexes in Poland to Vue International.

Investment in CEE still on the rise

schedule 14 August 2018
Eurobuild CEE

CEE REGION Investment in the CEE-6 region, which comprises Poland, Czech Republic, Slovakia, Bulgaria, Romania and Hungary, rose in the first half of the year by 4 pct y-o-y, Colliers International reports.

Investment & finance

HB Reavis buys fifth London project

schedule 13 August 2018
Nathan North
managing editor (English section)

EUROPE Slovakian developer HB Reavis has acquired the 12,800 sqm Crossrail Over-Site Development (OSD) office development in the Farringdon West integrated train station development, in Clerkenwell in Central London.

Nowy Styl expands to Dubai

schedule 10 August 2018
Anna Pakulniewicz

POLAND/UNITED ARAB EMIRATES Office furniture suppliers and interior designers Nowy Styl has taken a 60 pct stake in Stylis Dubai in a joint venture with Saudi Arabian partner Stylis which holds a 40 pct stake.

Poland not quite so transparent

schedule 10 August 2018
Rafał Ostrowski
journalist

POLAND Poland is a less transparent real estate market than it was two years ago.

Investment & finance

Pałac Jabłonowskich sold to S+B Gruppe

schedule 09 August 2018
Rafał Ostrowski
journalist

POLAND Closed end fund CFB-Fonds 148, which is managed by Commerz Real, has sold the Pałac Jabłonowskich office building at ul. Senatorska 18 and 18A – directly opposite the National Theatre. The property has been bought by S+B Gruppe.

Investment & finance

Two Gdański Business Center buildings sold

schedule 09 August 2018
Alex Hayes
journalist

POLAND HB Reavis has sold buildings B and C of the Gdański Business Center in Warsaw for over EUR 200 mln to Savills Investment Management, acting on behalf of a global pension fund client.

Investors glum in Western Europe

schedule 08 August 2018
Eurobuild CEE

EUROPE Property investors believe the cyclical turning point will soon be reached in European real estate markets and professional investors are increasingly worried about misallocating capital, claims Union Investment in its latest report.

Business still good in Romania

schedule 08 August 2018
Alex Hayes
journalist

ROMANIA Over the first half of 2018, a total of 33,000 sqm was delivered to the Bucharest office market with over 150,000 sqm to be delivered over the rest of the year, according to figures from Colliers International.

Zalando publishes results

schedule 08 August 2018
Alex Hayes
journalist

EUROPE Zalando has reported increased revenues in Q2 of 20.9 pct to EUR 1,330.0 mln, a rise which is in line with its 20-25 pct growth target. The company’s adjusted EBIT came in at EUR 94 mln representing a margin of 7.1 pct.

LNK Centre changes hands

schedule 08 August 2018
Anna Pakulniewicz

LATVIA Baltic Horizon Fund has bought the LNK Centre office building in Riga.

Investment & finance

Erste fund snaps up Mill Park

schedule 08 August 2018
Alex Hayes
journalist

HUNGARY Skanska has sold Mill Park, a two-building office project in Budapest to Erste Alapkezelő, a real estate fund of Erste Asset Management.

Marvipol takes out loan for warehouses

schedule 07 August 2018
Eurobuild CEE

POLAND PDC Industrial Center 82, a joint venture company set up by Marvipol Logistics and Panattoni Europe, has secured a loan agreement with BGŻ BNP Paribas to develop a warehousing project near Warsaw.

Investment & finance

Polish investment has record in its sights

schedule 06 August 2018
Nathan North
managing editor (English section)

POLAND By the end of July 2018, the total investment volume this year in Poland amounted to almost EUR 3.88 bln, according to JLL.

JHM looks again at Bydgoszcz

schedule 06 August 2018
Eurobuild CEE

POLAND JHM Development has bought a 0.4 ha plot on ul. Bohaterów Kragujewca where it intends to build a residential block.

Investment & finance

Atrium sold

schedule 06 August 2018
Alex Hayes
journalist

POLAND AEW Europe has sold the Atrium Tower office building at al. Jana Pawła II 25 in Warsaw to the VIG Fund of the Vienna Insurance Group for an undisclosed sum.

Próchnik officially bankrupt

schedule 03 August 2018
Eurobuild CEE

POLAND Próchnik has been officially declared bankrupt.

Metropolitan has land to build on

schedule 03 August 2018
Aneta Cichla

POLAND Metropolitan Investment has extended its land bank with three plots in Siedlce, Ostrów Wielkopolski and Warsaw’s Wawer district. The plots, which were sold as a block, have a combined area of 4.7 ha.

LC Corp buys Praga plot

schedule 03 August 2018
Eurobuild CEE

POLAND LC Corp has purchased a 0.74 ha plot on ul. Siennicka in Warsaw’s Praga Południe district for a net amount of PLN 9.5 mln.

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