Investment & finance
POLAND UBM Development has sold the Pegaz office building at ul. Kazimierza Wielkiego 3 in Wrocław to an institutional fund managed by Warburg-HIH Invest Real Estate (Warburg-HIH Invest) for an undisclosed sum
Investment & finance
POLAND/CZECH REPUBLIC Construction company P.A. Nova is preparing for the construction of three retail parks: in Jaworzno, Sosnowiec and Kłodzko, which will have a total area of 9,000 sqm. It also has plans to construct more residential buildings and a hotel. In the Czech Republic the company is to redevelop and modernise properties owned by the Globus retail chain.
POLAND Murapol has signed preliminary contracts to purchase 3.2 ha of investment land on ul. Buforowa in Wrocław for PLN 23.3 mln.
POLAND Echo Investment has placed PLN 125 mln of F-series bonds.
EUROPE The sale of Logicor, Blackstone’s warehouse and logistics platform, to China Investment Corporation has received regulatory approval from the European Commission.
POLAND The Q Hotel chain has signed a contract with the Pekao bank for an investment loan, which is to be used by the company for its next project as well as to meet its current debt obligations.
Investment & finance
CEE REGION Czech real estate investor CPI Property Group has issued EUR 600 mln of seven-year notes on the Irish Stock Exchange.
LITHUANIA The city of Vilnius, being the first local authority in Lithuania to publicly auction its real estate online, sold unused property for EUR 2.5 mln over the first six months of the year.
Investment & finance
ROMANIA CTP has purchased Chitila Logistic Park for EUR 17.3 mln from UBM Development.
SLOVAKIA Deutsche Pfandbriefbank has granted a EUR 22 mln medium-term credit facility to CBRE Property Fund Central and Eastern Europe to refinance the Europa Shopping Center in Banská Bystrica.
ROMANIA Atenor is to purchase an 11,600 sqm site located in Bucharest and plans to develop a 44,000 sqm office project.
Investment & finance
POLAND Romanian investor Globalworth Asset Managers has signed a conditional investment agreement to buy a majority stake in Griffin Premium RE of between 50.01 pct and 67.9 pct.
EUROPE The output volume of Strabag rose up by 10 pct in the first half of 2017. The company has an order pipeline at a record level of EUR 16.5 bln – and it is 7 pct more than in the same period of last year. Strabag has also confirmed its outlook for 2017 – it is aiming for higher output volume, while its EBIT margin has been targeted at over 3 pct.
Investment & finance
LITHUANIA Icor has sold the Pentagon office building in Vilnius and the grounds around it to the Finnish company Technopolis for app. EUR 32 mln.
Investment & finance
HUNGARY Savills has re-entered the Hungarian market by forming a partnership with property advisor Eston International.
Investment & finance
SLOVAKIA Pbb Deutsche Pfandbriefbank has provided a EUR 22 mln medium term loan to CBRE Property Fund Central and Eastern Europe (CBRE PFCEE) to refinance the Europa SC mall in Banská Bystrica.
Investment & finance
CZECH REPUBLIC Unibail-Rodamco is aiming to acquire a stake in the Metropole Zličín shopping centre in Prague 5.
Investment & finance
POLAND Eurocash has signed a preliminary purchase agreement for a 100 pct stake in Demelius Limited, which owns the more than 180-store Mila supermarket chain.
Investment & finance
POLAND J.P. Morgan, the bank with the highest market capitalisation in the world, is to open an office in the centre of Warsaw. It will employ 3,000 people over the next few years.
RUSSIA In the first three quarters of the year, Russia’s real estate investment declined by 13 pct compared to the same period of the previous year, reaching USD 2.7 bln, JLL reports.
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