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Investment & finance

North-West Logistic Park finally changes hands

schedule 05 January 2017
Eurobuild CEE

POLAND American investor Exeter Property Group has finalised the purchase of the North-West Logistic Park in Szczecin.

P3 sale completed

schedule 05 January 2017
Rafał Ostrowski
journalist

EUROPE The EUR 2.4 bln acquisition of warehouse developer P3 by Singapore’s sovereign wealth fund GIC from TPG Real Estate and Ivanhoé Cambridge has been completed after the granting of official approval by EU regulators. The deal represents one of the largest European real estate transactions of 2016.

Investment & finance

Echo sells Cracovia to Ministry of Culture

schedule 05 January 2017
Rafał Ostrowski
journalist

POLAND The Ministry of Culture and National Heritage has bought the former Cracovia hotel building in Kraków from Echo Investment for PLN 29 mln plus VAT. The new owner plans to use the property as the location for The National Museum’s gallery of design and architecture.

Investment & finance

Warsaw Westin sold to Qatari group for EUR 56 mln

schedule 02 January 2017
Nathan North
deputy editor

POLAND Skanska has sold the five-star Westin hotel in central Warsaw to Qatari investor Al Sraiya Holding Group for EUR 56 mln.

Investment & finance

Arcona buys Skwer Handlowy chain

schedule 02 January 2017
Nathan North
deputy editor

POLAND Real Estate Central Europe Group (RECE) has finalised the sale of eight Skwer Handlowy retail and service facilities with a combined area of more than 16,000 sqm to Dutch investor Arcona Property Fund for an undisclosed sum.

Investment & finance

Prosta Tower changes hands

schedule 02 January 2017
Tomasz Cudowski
editor-in-chief

POLAND Marvipol has agreed to sell the Prosta Tower office building in Warsaw to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft (CSAM Immobilien KAG) for EUR 26.8 mln net (or PLN 119.26 mln based on that day’s exchange rate).

Funding for Belarus mall

schedule 02 January 2017
Tomasz Szpyt-Grzegórski

BELARUS/POLAND BGK has granted an export loan of PLN 245 mln (EUR 55 mln) to finance the construction of a shopping centre in Grodno to Trinity Invest.

Atal on Catalyst market

schedule 02 January 2017
Eurobuild CEE

POLAND Atal has issued non-secured series W bonds worth PLN 60 mln. The bonds, which are due to mature on December 14th, 2018, will be floated on Warsaw’s alternative Catalyst market.

Investment & finance

Agora sells Warsaw plot

schedule 02 January 2017
Tomasz Szpyt-Grzegórski

POLAND Publishing house Agora has signed a preliminary sale agreement for the perpetual usufruct rights of a plot near its Warsaw headquarters.

Investment & finance

EPP buys three

schedule 31 December 2016
Nathan North
deputy editor

POLAND Echo Polska Properties (EPP) has finalised the purchase of three office buildings in Kraków, Łódź and Gdańsk for EUR 124 mln from Echo Investment.

Investment & finance

Echo seals Towarowa deal

schedule 28 December 2016
Nathan North
deputy editor

POLAND Echo Polska Properties (EPP) and Echo Investment have concluded the final agreements for the EUR 120 mln joint purchase and construction of a retail/mixed-use project at ul. 22 Towarowa in Warsaw.

Investment & finance

Latest loan for Atal

schedule 28 December 2016
Tomasz Szpyt-Grzegórski

POLAND Atal has obtained the financing for the second stage of the Atal Residence estate in Kraków.

Silesia goes to the Swedes

schedule 28 December 2016
Eurobuild CEE

POLAND Vastint signed a preliminary agreement for the purchase of a 0.9 ha plot on ul. ks. Piotra Skargi in Katowice – the site of the former Silesia hotel, which closed in 2006.

Investment & finance

Suwałki Plaza almost sold

schedule 22 December 2016
Alex Hayes
journalist

POLAND Plaza Centers has announced the signing of an agreement to sell the Suwałki Plaza shopping centre to an undisclosed investment fund for EUR 42.3 mln, with the sale to be finalised by the end of January 2017.

Investment & finance

Blackstone sells Hilton Prague Old Town

schedule 22 December 2016
Alex Hayes
journalist

CZECH REPUBLIC Blackstone has sold the five-star Hilton Prague Old Town hotel as well as the adjacent Gestin Centrum mixed use centre with 6,900 sqm gla to Singapore based M&L Hospitality Trust for an undisclosed price.

Investment & finance

“Largest Slovak deal” goes through

schedule 21 December 2016
Nathan North
deputy editor

SLOVAKIA Slovak investor IAD Investments, acting through its fund Prvýrealitný fond, has bought the Laugaricio shopping centre in Trenčín from Mint Investments.

The Park granted financing

schedule 21 December 2016
Alex Hayes
journalist

CZECH REPUBLIC Berlin Hyp in a consortium with Erste Group Bank and its Czech subsidiary Česká spořitelna has provided financing for the The Park office campus with the credit facility being made available to a special fund set up by Deka.

Investment & finance

Skanska sells Nordic Light

schedule 21 December 2016
Alex Hayes
journalist

HUNGARY Skanska has sold the Nordic Light, office complex in Budapest to Erste Alapkezelő.

First Retail International Fund 2 closes at EUR 223 mln

schedule 21 December 2016
Alex Hayes
journalist

EUROPE Mitiska REIM has announced the final closing of its First Retail International 2 (FRI 2) fund at EUR 223 mln, which is substantially above the original target of EUR 120-150 mln.

M7 expands into Zagreb and Budapest

schedule 21 December 2016
Alex Hayes
journalist

CROATIA/HUNGARY M7 Real Estate has bought a number of properties for a total of EUR 14 mln in Zagreb and Budapest for its CEREF I fund.

Edition 5 (288) May 2024

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