Investment &amp; finance

CZECH REPUBLIC BMO Real Estate Partners has acquired a 12,000 sqm department store on Václavské náměstí in Prague’s historic centre from MTK Developments, a Vienna-based European real estate firm.

Echo raises PLN 300 mln from bond issue

24 October 2017

POLAND Echo Investment has completed its second public bond issue programme, raising a total of PLN 300 mln.

Berlin Hyp’s EUR 500 mln green bond oversubscribed

EUROPE In just two and a half hours 138 orders worth around EUR 1.3 bln were made for Berlin Hyp’s ten year green bond. The bond issue worth EUR 500 mln offers a coupon of 1.125 pct and was rated A1 and A+ by Moody’s and Fitch respectively.

Money for Galeria Młociny

20 October 2017

Anna Pakulniewicz

POLAND Echo Investment and Echo Polska Properties have been granted a loan worth EUR 175 mln as well as a VAT loan of PLN 34 mln by a consortium of banks including Bank Zachodni WBK (which acted as the agent) as well as PKO Bank Polski and Bank Gospodarstwa Krajowego.

Prologis sets up megafund

20 October 2017

EUROPE Prologis has combined two of its warehouse funds – Prologis Targeted Europe Logistics Fund (PTELF) and Prologis European Property Fund II (PEPF II) – into Prologis European Logistics Fund (PELF), an EUR 8.2 bln open-ended fund.

Another EUR 500 mln raised by Self II

Alex Hayes
journalist

EUROPE AEW and Natixis Asset Management have completed the third closing of their pan European debt fund SELF II with commitments of over EUR 500 mln.

Focus goes on shopping

CZECH REPUBLIC Focus Estate Fund has acquired Most Retail Park in Most from TK Development.

Vantage sees 50 pct improvement

POLAND Vantage Development has reported that it sold 257 apartments in Q3 this year, 50 pct more than in 2016.

Capital Park not selling

Alex Hayes
journalist

POLAND Capital Park has announced that it intends to start issuing dividends with the first payment to be made either in 2018 or 2019 and that it has no intention of selling its assets.

Abadon releases results

POLAND Abadon Real Estate group has recorded a revenue of PLN 155.1 mln for H1 this year. Its operating profit came to PLN 17.4 mln while its net profit was PLN 15.6 mln.

Via Outlets with EUR 50 mln loan

18 October 2017

CZECH REPUBLIC Via Outlets has obtained a EURO 50 mln loan to refinance its Fashion Arena Prague Outlet centre near Prague.

PIMCO and Oaktree reduce Echo holding

18 October 2017

POLAND Echo Investment has reported that its majority shareholder Lisala (which is controlled by PIMCO and Oaktree) is considering the sale of around half its shareholding in the company.

More bonds from Atal

18 October 2017

POLAND Atal has issued unsecured bonds (series AF) worth PLN 80 mln.

Etalon ups its sales

16 October 2017

RUSSIA Etalon saw the area of its sales contracts increase in the third quarter by 7 pct y-o-y to 114,000 sqm.

Fabryka Biznesu responds to bankruptcy petition

16 October 2017

Aneta Cichla

POLAND Fabryka Biznesu, the owner of the Sukcesja shopping centre in Łódź, has commented on the motion to appoint receivers to the company.

Keeping tabs on bankers

13 October 2017

POLAND The Polish Association of Developers [PZFD] has published the results of its 12th annual ranking of banks.

EPP buys EUR 692 mln portfolio

13 October 2017

POLAND Echo Polska Properties (EPP) has issued a (JSE) stock exchange announcement informing that it has reached an agreement to acquire a Polish portfolio of eight shopping centres and four retail parks from Chariot Top Group, owned by Pimco (37,5 pct), Oaktree Capital Management (37,5 pct) and Redefine Properties (25 pct). The portfolio comprises around 450,000 sqm of gla with 620 stores.

Green Day for Triuva

13 October 2017