Investment & finance

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Corum buys Prisma supermarket

schedule 22 June 2017
Alex Hayes
journalist

ESTONIA Eften Kinnisvarafond fund has sold a Prisma supermarket in Narva, to French asset management company Corum for EUR 16.7 mln euros.

Investment & finance

Toruń Plaza to be sold

schedule 22 June 2017
Rafał Ostrowski
journalist

POLAND Plaza Centers has signed a non-binding letter of intent with an unnamed investment fund to sell the Toruń Plaza shopping centre.

Investment & finance

Skanska high Fives Triuva

schedule 22 June 2017
Alex Hayes
journalist

CZECH REPUBLIC Skanska has sold the Five office building to a real estate fund managed by Triuva for eur 50 mln.

More space for investment in Lublin

schedule 22 June 2017
Eurobuild CEE

POLAND Lublin is to change zoning conditions throughout the entire city to provide more space for development.

J.W. Construction buys Gdańsk plot

schedule 21 June 2017
Tomasz Szpyt-Grzegórski

POLAND J.W. Construction Holding (JWCH) has announced the signing of a preliminary purchase agreement for a site at ul. Starowiejska 67 in Gdańsk.

Going going going and still not gone for Hyatt Regency

schedule 20 June 2017
Eurobuild CEE

BELARUS The Hyatt Regency hotel in the centre of Minsk, the construction of which has not been completed has been put up for auction for a third time.

Investment & finance

PKO BP to finance Sagittarius

schedule 20 June 2017
Rafał Ostrowski
journalist

POLAND Echo Investment has received a EUR 38 mln loan (including EUR 6 mln to pay VAT) from PKO BP for the construction of the Sagittarius Business House office project in Wrocław.

Investment & finance

EPP concludes purchase of three malls

schedule 19 June 2017
Rafał Ostrowski
journalist

POLAND Echo Polska Properties has bought three shopping centres in Poland, including Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek, from real estate funds managed by Blackstone for EUR 141.60 mln.

Redan keeping its head above water

schedule 19 June 2017
Eurobuild CEE

POLAND/UKRAINE Clothing retail group Redan has reported turnover of PLN 54 mln for May – 2 pct lower than a year ago. However, the figures for its TXM discount segment still reflect issues with the adequate stocking of these stores, although this situation has seen some improvement.

Investment & finance

South Africans team up with Iulius

schedule 16 June 2017
Alex Hayes
journalist

ROMANIA Iulius Group and South African investor Atterbury Europe have set up an equal partnership to develop the Openville Timişoara mixed-use project.

Plaza Centers sells plot in Łódź

schedule 16 June 2017
Eurobuild CEE

POLAND Plaza Centers has announced a preliminary sale of a plot of nearly 1.4 ha in Łódź for EUR 1.2 mln.

Investment & finance

Dom Development takes over Euro Styl

schedule 16 June 2017
Tomasz Cudowski
editor-in-chief

POLAND Dom Development has completed its PLN 260 mln purchase of 100 pct of Gdańsk-based companies Euro Styl and Euro Styl Development.

Shares better than money

schedule 14 June 2017
Anna Pakulniewicz

CEE GTC has paid out a dividend of PLN 0.27 per share.

Investment & finance

NEPI acquires Serdika

schedule 14 June 2017
Alex Hayes
journalist

BULGARIA New Europe Property Investments has purchased the mixed-use Serdika Center development in Sofia subject to the approval of the Bulgarian competition authorities.

Bond issue for Globalworth with planned Polish market entry

schedule 13 June 2017
Alex Hayes
journalist

CEE REGION Globalworth Real Estate Investment has successfully priced EUR 550 mln Eurobond issue, which is to mature on 20th June 2022 and carries a fixed interest rate of 2.875 pct payable annually beginning on 20th June 2018.

AEW to spend pensioners’ money

schedule 13 June 2017
Alex Hayes
journalist

EUROPE AEW is to set up a pan-European portfolio of commercial and residential real estate assets for a German pension fund, which has made an initial commitment of EUR 100 mln.

First closing of Internos Hotel Fund II

schedule 13 June 2017
Anna Pakulniewicz

EUROPE Fund manager Internos Global Investors has announced the first closing of its second hotel real estate fund with EUR 133 mln in equity from seven German institutional investors. All but one of these seven investors had already invested in Internos’ first hotel real estate fund which has recently reached EUR 500 mln of assets under management.

Murapol in Skarbiec

schedule 12 June 2017

POLAND The Murapol group has purchased a stake of over 32.9 pct totalling 2,251,152 shares in Skarbiec Holding, which owns the associated Skarbiec TFI investment funds.

Investment & finance

Penta refinances Mokotów project

schedule 12 June 2017
Eurobuild CEE

POLAND Penta Investments has obtained financing for D48 office building, which is under construction on ul. Domaniewska in Warsaw’s Służewiec district.

Archicom poised to take over Mlocum

schedule 12 June 2017
Eurobuild CEE

POLAND Archicom has signed a preliminary contract to buy an 80 pct stake in developer Mlocum, which has branches in Warsaw, Kraków, Wrocław, the TriCity, Poznań and Łódź.

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