Investment & finance

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Investment & finance

Orbis in grand Budapest hotel purchase

schedule 09 June 2017
Tomasz Szpyt-Grzegórski

HUNGARY Orbis has bought the Sofitel Budapest Chain Bridge hotel from Universale International in a transaction valued at EUR 42.25 mln.

Investment & finance

Echo bond issue “heavily over-subscribed”

schedule 09 June 2017
Nathan North
managing editor

POLAND Investors have subscribed for all E-series public bonds Echo Investment plans to list on the Warsaw Stock Exchange’s Catalyst market in July.

Xcity returns to investor search

schedule 09 June 2017
Eurobuild CEE

POLAND At the end of September or in early October this year, the Polish State Railways’ (PKP) real estate investment division Xcity Investment is planning to restart the process for choosing investors for development projects in seven locations across the country.

Blackstone Real Estate Partners Europe V Raises EUR 7.8 bln

schedule 08 June 2017
Alex Hayes
journalist

EUROPE Blackstone has held its final close for its fifth European opportunistic real estate fund, Blackstone Real Estate Partners Europe V.

Last 12 months set CEE investment record

schedule 08 June 2017
Eurobuild CEE

CEE REGION The one-year period between Q2 2016 to Q1 2017 set an all time record for CEE real estate investment with a total of EUR 12.2 bln according to CBRE.

Investment & finance

Danes near Zielona Góra

schedule 08 June 2017
Eurobuild CEE

POLAND A Danish company has purchased a 20 ha plot in Nowa Sól, within the area of the Kostrzyn-Słubice Special Economic Zone, where it is planning to build a factory.

Echo prepares PLN 300 mln bond issue

schedule 07 June 2017
Ewa Andrzejewska

POLAND Echo Investment has announced its Q1 financial results as well as plans for a PLN 300 mln bond issue.

M7 still not stopped shopping

schedule 07 June 2017
Alex Hayes
journalist

HUNGARY/CZECH REPUBLIC M7 Real Estate has acquired a portfolio of eleven light industrial assets in Hungary and the Czech Republic for its CEREF I fund from a joint venture of Partners Group and Cromwell Property Group.

Polnord signs conditional purchase agreement

schedule 06 June 2017

POLAND Polnord has signed a conditional purchase agreement for the right of perpetual usufruct to two plots in Gdańsk.

Warimpex finalises hotel portfolio sale

schedule 05 June 2017
Rafał Ostrowski
journalist

CEE REGION Warimpex has finalised the sale of a hotel portfolio consisting of eight hotels in the Czech Republic, Poland and Romania to the Thai investor U City. The company announced the sale in February, when the purchase contract was still pending subject to the fulfilment of the standard closing conditions for such real estate transactions.

Investment & finance

Echo without Tęcza

schedule 05 June 2017

POLAND The Office of Competition of Consumer Protection [UOKiK] has approved the Echo Polska Properties takeover of shopping centres in Kłodzko, Wrocław and Zamość, however it has not consented to the takeover of Galeria Tęcza in Kalisz.

Investment & finance

LaSalle buys RiGa I for EUR 57 mln

schedule 05 June 2017
Nathan North
managing editor

CZECH REPUBLIC LaSalle Investment Management has acquired the River Garden I (RiGa I) office complex in Prague’s Karlín business district on behalf of its LaVA mandate for app. EUR 57 mln.

Investment & finance

Chinese buy Logicor for EUR 12.25 bln

schedule 05 June 2017
Alex Hayes
journalist

EUROPE Blackstone has sold its European logistics platform Logicor, to China Investment Corporation for EUR12.25 bln.

Investment & finance

Echo seals deal for Galeria Młociny

schedule 02 June 2017
Nathan North
managing editor

POLAND EPP and Echo Investment have finalised the EUR 42 mln purchase from Rosehill Investments of the Galeria Młociny shopping centre, which is under construction in the northern suburbs of Warsaw.

Poland publishes long-awaited REIT legislation

schedule 01 June 2017

POLAND The Ministry of Finance has unveil a proposal for a bill governing companies that are to be structured as ‘Real Estate Leasing Market Companies’ [SRWN], which are to be the equivalent of a Real Estate Investment Trusts on the Polish market.

NewCo to start trading on July12th

schedule 01 June 2017
Alex Hayes
journalist

CEE REGION NEPI and Rockcastle have announced full details of their merger with the prospectus for the merged company NewCo having already been approved by the Johannesburg Stock Exchange.

Mirbud twice as good

schedule 01 June 2017
Tomasz Cudowski
editor-in-chief

POLAND In the first quarter, the Mirbud group generated revenue similar to Q1 last year and a gross profit from sales of almost PLN 4 mln.

Marvipol multiplies by dividing

schedule 31 May 2017
Eurobuild CEE

POLAND The division of the Marvipol group into two stock exchange-listed entities is entering its final phase.

Griffin Premium RE announces loss but plans dividend

schedule 31 May 2017
Eurobuild CEE

POLAND In the first quarter of 2017 the net operating income of Griffin Premium RE was over EUR 5.9 mln, up by 3 pct y-o-y. Nevertheless the company made a net accounting loss of EUR 5.1 mln, which as the company claims was mainly the “result of the strengthening of the Polish złoty against the euro”.

Investment & finance

Galeria Świdnicka sold

schedule 31 May 2017
Alex Hayes
journalist

POLAND Calioppe Investments, owned by Catalyst Capital managed fund CEPF II. has acquired the Galeria Świdnicka mall from Rank Progress in a EUR 26.7 mln transaction that includes EUR 15.2 mln of debt financing.

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