Investment &amp; finance

ROMANIA Real estate investor Globalworth will start trading on the main market of the Bucharest Stock Exchange on 31st July, 2017, with 5,500 bonds, nominative, dematerialized, freely transferable, at a nominal value of EUR 100,000 and a total value worth EUR 550 mln.

Bill to form KZN enters Sejm

27 July 2017

POLAND A governmental bill on the establishment of the National Property Holding, (Krajowy Zasób Nieruchomości), which is to manage government real estate and is to support the Apartment Plus programme, has been introduced to the Sejm.

SPDI walks away from land and bank loan

26 July 2017

ROMANIA Secure Property Development and Investment (SPDI) has disposed of Delia Lebada, a 4 ha plot in east Bucharest on the shore of Pantelimon Lake.

Billion for pet food factory

25 July 2017

POLAND Nestlé Polska has completed the fourth stage of its Purina PetCare factory in Nowa Wieś Wrocławska.

Nathan North
managing editor (English section)

Mint and Tristan buy Prague office complex

25 July 2017

CZECH REPUBLIC Opportunistic fund EPISO 4, advised by Tristan Capital Partners, partnered with local investor Mint Investments, has acquired the Avenir Business Park office complex in Nové Butovice (Prague 5) from debt restructuring firm Lone Star for an undisclosed sum.

Financing for Ada

24 July 2017

SERBIA GTC has signed a binding term sheet with Banca Intesa Beograd, VUB and PBZ for EUR 64 mln in financing of for Mall in Belgrade. Ada Mall will offer 34,400 sqm of retail space.

Rafał Ostrowski
journalist

Hystead buys mall in Sofia

24 July 2017

BULGARIA UK-based Hystead, acting through its subsidiary Balkan Retail, has purchased The Mall shopping centre in Sofia for EUR 156 mln, through the purchase of all the shares of AP Retail I EOOD , the company that owns the building.

Carrefour Mall to be auctioned

21 July 2017

BULGARIA The Carrefour City Mall in Stara Zagora, which was developed by Евробилд [Eurobuild] is up for sale due to bankruptcy proceedings.

SEB finances Colonna purchase

21 July 2017

LATVIA SEB Latvia has issued a long-term loan of EUR 3.6 mln to Estonian based investment company Colonna for the purchase of an office building at 10 Stabu street, Riga.

Finns look to Białołęka

21 July 2017

POLAND Finnish developer YIT Development has concluded a preliminary purchase contract for two plots in Warsaw’s Białołeka district.

Rafał Ostrowski
journalist

Warburg buys Sagittarius

20 July 2017

POLAND German-based real estate investment manager Warburg-HIH Invest Real Estate has signed a preliminary purchase agreement to buy the Sagittarius Business House office project in Wrocław.

EIB finances university upgrade

20 July 2017

LATVIA The European Investment Bank (EIB) has provided a loan of up to EUR 30 mln to the University of Latvia in Riga's Torņakalns district for the further development of its new Academic Centre campus.

GTC buys office building in Bucharest

20 July 2017

ROMANIA Globe Trade Center (GTC) purchased the Cascade Office Building in Bucharest from Adval Properties for EUR 9 mln.

Wedding bells for NEPI (and) Rockcastle

19 July 2017

CEE REGION The merger of New Europe Property Investments and Rockcastle Global Real Estate Company has been concluded with effect from 11th July 2017.

Strong margins for Atal

Eurobuild CEE

POLAND Atal sold 1,364 apartments in H1 2017, up by almost 16 pct y-o-y. In H1 the company handed over 1,080 apartments (according to preliminary figures), 44 pct more y-o-y.

No reason to complain for Murapol

POLAND Murapol Group signed sales contracts for 1,609 apartments in H1 2017, up 24 pct y-o-y. In Q2 the developer signed 795 contracts (compared to 593 in Q2 2016).

Dom Development sees rising demand

POLAND Dom Development has released its initial sales figures for Q2 2017 with a record-breaking 850 apartments net having been sold, 21 pct up y-o-y.

CA Immo with EUR 700 mln loans