Investment & finance

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Investment & finance

Office Garden 1 sold

schedule 16 December 2016
Alex Hayes
journalist

HUNGARY FLE, which is part of the LFPI group, has bought the Office Garden I building in Budapest.

Investment & finance

Rockcastle seals Galeria Warmińska purchase

schedule 16 December 2016
Nathan North
managing editor

POLAND Rockcastle Global Real Estate has finalised the acquisition of the Galeria Warmińska shopping centre in Olsztyn, for EUR 150 mln.

TXM issues more shares

schedule 15 December 2016
Eurobuild CEE

POLAND TXM is to issue shares which are to be traded on the WSE by the end of the month having published its prospectus, which has been approved by the Financial Supervision Authority.

Investment & finance

NEPI and Rockcastle tie the knot

schedule 14 December 2016
Alex Hayes
journalist

CEE REGION Rockcastle and NEPI (New Europe Property Investments) have signed the framework agreement to merge their two businesses after having admitted to being in negotiations since the end of October.

Echo on the up

schedule 13 December 2016
Eurobuild CEE

POLAND Echo Investment leased over 50,000 sqm of office space over the first three quarters of the year, representing an increase of 130 pct y-o-y. Apartment sales were also up by 47 pct to 503.

Investment & finance

EPP buys Zakopianka

schedule 12 December 2016

POLAND European Property Investors Special Opportunities 3 fund managed by Tristan Capital Partners is selling the 27,463 sqm Zakopianka shopping centre in Kraków to Echo Polska Properties for EUR 54 mln.

CBRE GI closes shopping centre fund at EUR 753 mln

schedule 12 December 2016
Alex Hayes
journalist

EUROPE The CBRE European Shopping Centre Fund II managed by CBRE Global Investors has raised EUR 753 mln at the final closing, including EUR 71.1 mln of co-investment capital. The fund was oversubscribed and exceeded its original target.

Banu Antonache refinanced

schedule 09 December 2016
Alex Hayes
journalist

ROMANIA Adval Asset Management supported by JLL has secured EUR 6.7mln in refinancing for the Banu Antonache office building.

Expo in Łódź: “City Re:invented”

schedule 09 December 2016
Anna Pakulniewicz

WORLD The city of Łódź has officially applied to host Expo International 2022.

Investment & finance

South Africans take Nova Park

schedule 09 December 2016
Alex Hayes
journalist

POLAND Johannesburg stock exchange listed real estate investor Mas has purchased the Nova Park shopping Centre In Gorzów for EUR 88.5 mln.

Ghelamco to raise PLN 400 mln in bonds

schedule 08 December 2016
Eurobuild CEE

POLAND Ghelamco Invest is to issue bonds worth PLN 400 mln within the year.

Investment & finance

Hansainvest buys Atrium 2 for EUR 88 mln

schedule 08 December 2016
Nathan North
managing editor

POLAND Skanska has sold the Atrium 2 office building in central Warsaw to Hansainvest Hanseatische Investment for app. EUR 88 mln – the German investor’s first purchase in Poland.

Poland attracts lion's share of investment

schedule 06 December 2016
Alex Hayes
journalist

POLAND/CEE REGION Of all the countries in the CEE region Poland is attracting the highest foreign investment accounting for 40 pct (excluding Russia) in H1 2016, or EUR 2.07 bln.

Investment & finance

HB Reavis sells Twin City A to IAD

schedule 06 December 2016
Nathan North
managing editor

SLOVAKIA HB Reavis Group has sold the Twin City A building in Bratislava to Prvý Realitný Fond, which is managed by IAD Investments.

Forte invests PLN 700 mln in Suwałki SEZ

schedule 06 December 2016
Eurobuild CEE

POLAND Forte is developing a furniture factory with warehousing facilities in the Suwałki Special Economic Zone in an investment of PLN 700 mln.

Investment & finance

Hurry up, says former PO finance minister

schedule 06 December 2016
Eurobuild CEE

POLAND “I would advise you to hurry up. Now is the time when interest rates are low and operations can still quite easily be financed,” former Civic Platform minister of finance Jan Vincent-Rostowski told investors during the Annual Commercial Property Market Conference organised by Eurobuild Conferences and Eurobuild CEE in Warsaw.

BIK launches onto WSE

schedule 05 December 2016
Anna Pakulniewicz

POLAND The shares of Biuro Inwestycji Kapitałowych debuted on the main market of Warsaw Stock Exchange on November 31st.

Investment & finance

Many more projects in Katowice Special Economic Zone

schedule 05 December 2016
Anna Pakulniewicz

POLAND Permits have been issued for seven new investment projects with a value in excess of PLN 320 mln involving the creation of 235 new jobs, to be set up in the Katowice Special Economic Zone.

Investment & finance

AFI to sell its Bucharest offices

schedule 05 December 2016

ROMANIA AFI Europe affiliate Africa Israel Investments has signed a letter of intent to sell the five office buildings constructed next to the AFI Palace Cotroceni mall in Bucharest.

Growthpoint takes EUR 186.4 mln stake in Globalworth

schedule 05 December 2016
Alex Hayes
journalist

ROMANIA Growthpoint Properties, a REIT listed on the Johannesburg Stock Exchange, is to pay EUR 186.4 mln for an initial 26.9 pct stake in Globalworth Real Estate Investment, which is listed on the AIM market of the London Stock Exchange.

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