POLAND The annual revenue of discount clothing retailer Txm, the owner of the Textilmarket chain of stores, increased by 20 pct to PLN 377 mln in 2016.
CZECH REPUBLIC/HUNGARY CA Immo has completed the acquisition of 49 pct stakes from its joint venture partner Union Investment Real Estate in the Danube House and Infopark Research Centre office buildings in Prague and Budapest respectively.
POLAND The European Investment Bank (EIB) has granted a loan of EUR 50 mln (around PLN 220 mln) for the construction of the Production Plant of Powdered Dairy Products of the Mlekpol Dairy Cooperative.
CZECH REPUBLIC/POLAND/HUNGARY/ROMANIA CPI Property has signed a framework agreement under which it is to buy a 265,000 sqm portfolio comprising mainly of shopping centres across the Czech Republic, Hungary, Poland and Romania.
POLAND The European Bank of Reconstruction and Development (EBRD) is to grant a loan of PLN 118.83 mln (EUR 27.07 mln) to finance the development of a private student accommodation network – Student Depot.
POLAND Marvipol and Mbank have broken off talks over the acquisition of Mlocum.
EUROPE Vienna-based developer Raiffeisen Evolution Project Development has been renamed Strabag Real Estate (SRE).
CZECH REPUBLIC CBRE Global Investors has acquired, on behalf of a separate account client, the Letňany Shopping Centre in Prague.
CROATIA The European Bank for Reconstruction and Development is together with the Enterprise Expansion Fund to invest EUR 10 mln for the development of the Trgovački centar Max Stoja, a shopping centre in the city of Pula.
EUROPE During the first three quarters of 2016 non-core markets experienced a significant rise y-o-y in retail real estate investment.
EUROPE Immofinanz has announced a EUR 300 mln bond issue (increased from EUR 200 mln) of convertible bonds with a denomination of EUR 100,000 representing 125.4 mln shares in the company or 12.84 pct of the current outstanding share capital of the company.
ROMANIA Colliers has announced that Aberdeen Asset Management Deutschland sold the Construdava building in Bucharest to AdamAmerica in 2016.
RUSSIA Commercial real estate investment volume is expected to grow to USD 4.5 bln this year, according to JLL.
EUROPE Despite economic and political uncertainty investor activity on the European real estate market in 2017 is expected to grow by 6 pct, according to a report by Cushman & Wakefield’s European Capital Markets team. It is likely to be driven by the weakening of bond prices and investors interest in safe but growth-orientated opportunities.
POLAND The Office of Competition and Consumer Protection [UOKiK] has approved the acquisition of Eko Holding by Eurocash on the condition of the sale of three Eko Holding stores: two in Podkarpackie Province (Gniewczyna Łańcucka and Zarzecze) and one in Opolskie Province (Chróścice). e
POLAND Orbis has disposed of two hotels in Częstochowa but both will continue to operate under their current brands.
POLAND Robyg has purchased a 4.6 ha property in Gdańsk’s Sródmieście district for EUR 10 mln.
POLAND Echo Investment is paying out dividends of PLN 400 mln to its shareholders, with the first tranche representing the second such payment made in 2016 after paying dividends worth PLN 2.175 bln earlier that year.
POLAND Rank Progress has signed a preliminary contract to sell the Świdnica shopping centre for PLN 26.7 mln to Calioppe Investments.
POLAND On December 29th, discount clothing store chain Txm issued PLN 20 mln worth of shares on the Warsaw Stock Exchange representing 8.8 pct of the voting rights in the company and 12 pct of the increased capital stock of the firm.
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Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both re ...
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