POLAND Griffin Premium RE has concluded a framework agreement with the European Bank for Reconstruction and Development for the latter to purchase a stake in the company in a public offer that is currently in progress. EBRD can purchase 5 to 10 pct of Griffin Premium RE’s stock for a maximum price of EUR 20 mln.
EUROPE UBM development has announced the results of the second-best year in its history.
Investment & finance
POLAND/GERMANY MLP Group is to issue bonds worth up to EUR 50 mln with the proceeds largely earmarked to finance the company’s planned international expansion.
EUROPE Immofinanz has announced that in principle it has reached the settlement of a dispute resulting from the company’s merger in June 2010 with Immoeast.
Investment & finance
CEE REGION Luxembourg based fund Pradera European Retail Parks SCSp has finalised the acquisition of 17 retail properties in Germany, France and Poland from Ikea as part of a EUR 900 mln deal negotiated in March to acquire 25 retail parks.
BALTIC STATES Investment volume in commercial real estate reached EUR 1.19 bln in 2016, according to figures from Colliers International.
POLAND Polish State Railways (PKP), the Polish Post Office and PKP’s developer subsidiary Xcity Investment have signed a letter of intent to jointly develop land owned separately by the state enterprises.
POLAND Institutional investor Altus Investment Fund has bought a 5.49 pct stake in commercial developer Tower Investments. It is the second investment fund, after Trigon TFI, to invest in Tower Investment shares.
RUSSIA In Q1 2017, Russia’s real estate investment volume reached USD 830 mln, down 18 pct y-o-y, according to JLL. However, the agency expects investments to grow in the near future. According to its forecasts for 2017, this figure will reach USD 4.5 bln compared to USD 4.2 bln in 2016.
Investment & finance
POLAND J.W. Construction Holding has obtained a loan for the construction of the third stage of an estate in Katowice.
EUROPE Philips Lighting has announced its results for 2016, its first year of operations as a standalone company.
POLAND PDC Industrial Center 63, a joint venture company of Marvipol and PG Europe has signed a loan agreement with BGŻ BNP Paribas to develop 70,000 sqm logistic and warehouse complex near Grodzisk
POLAND/CZECH REPUBLIC Helaba has granted CPI Property Group a loan of EUR 354m loan for the purchase of three shopping centres and one mixed use building.
Investment & finance
ESTONIA Following a capital raising, the Baltic Horizon evergreen fund has purchased the headquarters of Danish security company G4S in Tallinn and now has a portfolio of six buildings in the Baltic capital cities worth over EUR 100 mln.
POLAND TriCity-based developer Inpro Group generated PLN 29.3 mln of consolidated net profit in 2016 (up from PLN 25.8 mln in 2015) and sales revenue of PLN 204.6 mln – 3 pct less than last year, but with a net increase in profitability from 12 pct to 14 pct. Apartments sold by the group brought in app. PLN 178 mln gross. In 2017 the group intends to have 718 new apartments and houses available for purchase.
POLAND Murapol Group has finalised the purchase of a 0.77 ha plot on ul. Karpia in Poznań.
POLAND At the end of last year, Erbud Group had a record number of orders on its books, worth more than PLN 2 bln. The group also increased its revenue last year to almost PLN 1.79 mln, which was 4.34 pct higher than 2015. Its operating income (EBIT) rose 12.53 pct to PLN 45.8 mln.
POLAND The Office of Competition and Consumer Protection [UOKiK] has decided to analyse the potential effects of the proposed takeover of Platon by Empik in greater detail.
POLAND Atal has reported good results for the previous year and has recommended paying a dividend to investors.
Investment & finance
POLAND/CZECH REPUBLIC/HUNGARY/ROMANIA CBRE Global Investors has completed its planned sale of an 11 property portfolio mostly made up of shopping centres located in the Czech Republic, Poland, Romania and Hungary to CPI Property Group for around EUR 650 mln.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Warsaw's Studio B building has been awarded SmartScore and WiredScore certificates. Skanska has thus become the first company in Poland to receive the ...
Who won this year's 14th edition of the Eurobuild Awards? The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's ...
As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will ...
Today, we bring you another brief recording from Expo Real 2024. Tune to listen to our experts' opinions. and immerse yourself in the event's atmosphe ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
Viterra has moved into its new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is ...
The purchaser of the recently completed logistics property which was planned, developed and realised by ECE Work & Live is a German investor, represen ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Transporeon, an international logistics company, has extended its lease agreement at Porto Office A building in Kraków, where it occupies over 1,900 ...
Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate ...
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a ...
According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Eur ...
Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
CTP has signed new leases with two logistics businesses on almost 30,000 sqm of space across CTPark Bremen and CTPark Oschersleben in Germany.
