Investment &amp; finance

EUROPE Immofinanz has decided to continue the suspension of detailed discussions over its possible merger with CA Immobilien Anlagen AG (CA Immo) while it evaluates other strategic options.

Amundi buys Praha City Center

27 February 2018

CZECH REPUBLIC The Curzon Capital Partners III (CCP III) fund managed by Tristan Capital Partners, has completed the EUR 64 mlm sale of the Praha City Center office to Amundi Asset Management.

Marienthal acquired by Eften fund

26 February 2018

ESTONIA The EfTEN Kinnisvarafond II fund will acquire Marienthal commercial centre in Tallinn from the real estate investment company AS Gildhall for an undisclosed sum.

Tomasz Cudowski
editor-in-chief

PA Nova selling Krosno and Myszków

26 February 2018

POLAND PA Nova has accepted the preliminary sales conditions for all the shares of PA Nova Invest Krosno and PA Nova Invest 3, which are the SPV owners of retail parks in Krosno and Myszków.

Hystead buys two Croatian malls

23 February 2018

CROATIA Hystead, which is co-owned by Hyprop Investments and PDI Investment Holdings has acquired a 90 pct interest in two Croatian shopping centres.

Arcona’s bonds redeemed

22 February 2018

EUROPE Arcona Property Fund has redeemed its tranche II 2015 convertible bond, due for repayment on February 20th 2018, in full.

C&W reports record investment for 2017

21 February 2018

CEE REGION According to the latest figures from Cushman & Wakefield, investment volumes in Central and Eastern Europe reached nearly EUR 13 bln.

POLAND The tenant and landlord representation teams of Colliers International closed a total of 200 transactions in Poland in 2017, with 286,000 sqm of office space leased in Warsaw and Poland’s regional cities.

100,000 sqm leased out by Echo Investment

20 February 2018

POLAND Echo Investment signed leases with 75 tenants for a total area of over 100,000 sqm in 2017.

Fitch takes a shine to Bydgoszcz

19 February 2018

POLAND Ratings agency Fitch has raised its assessment of the city of Bydgoszcz from stable to positive and gave it a BBB+ rating for debts in foreign and domestic currencies with a long-term rating of AA.

Investment boom set to continue

16 February 2018

CEE REGION Economic sentiment still suggests a further increase in investment volumes in the CEE-6 (Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia) in 2018, after a high of EUR 12.9 bln in 2017, claims Colliers International in its latest ‘Investment Outlook’ report.

Nathan North
managing editor (English section)

Golub to build Praga student halls

14 February 2018

POLAND Golub GetHouse has bought a 1.15 ha investment plot at ul. Jagiellońska 82 in Warsaw’s Praga-Północ district for a student housing project.

Union on spending spree

12 February 2018

POLAND Union Investment is acquiring two Holiday Inn hotels on behalf of its funds in a total investment that comes to app. EUR 80 mln.

Tomasz Cudowski
editor-in-chief

Robyg (almost) taken over

12 February 2018

POLAND Bricks Acquisitions Limited has obtained subscriptions for over 98 pct of the shares of Robyg SA, allowing the Goldman Sachs group owned company to take over the developer.

Investment up for Romania

12 February 2018

ROMANIA The total investment volume for 2017 was of EUR 930 mln. a 24 pct increase compared to 2016 and the second highest figure since 2008, according to the latest ‘Market View’ report by CBRE.

Agora disappears from Old Market

POLAND Newspaper publisher Agora is selling the perpetual usufruct to an historic building in Gdańsk’s Old Market for PLN 8.65 mln.

Sharp eyes for real estate

POLAND Corelens, which provides lenses for cataract surgery is to enter the real estate market.

UBM in the money

POLAND Over 2017, UBM sold Polish real estate assets worth over EUR 160 mln, including the Kotlarska office building in Krakow to Slovakian investor IAD Investments, for app. EUR 30 mln.

Hansainvest growing larger

Rafał Ostrowski
journalist

WORLD Hamburg-based asset manager Hansainvest Real Assets, which bought the Generation Park X building in Warsaw last year, has announced its 2017 results.