Investment & finance

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Investment & finance

Passerinvest buys back two BB Centrum buildings

schedule 14 November 2016
Nathan North
managing editor

CZECH REPUBLIC Passerinvest group has completed buying two office buildings back from Immofinanz in BB Centrum office park in Prague’s Michle district.

Investment & finance

Immofinanz extends Top Shop portfolio

schedule 14 November 2016
Alex Hayes
journalist

SLOVAKIA/HUNGARY Immofinanz has announced the acquisition of eight properties for its Stop Shop retail park portfolio with a combined purchase price of EUR 79 mln.

Ghelamco outbids everyone in Łódż

schedule 10 November 2016
Tomasz Szpyt-Grzegórski

POLAND Belgian developer Ghelamco has purchased a parcel with an area of over 2 ha in the centre of Łódź.

Investment & finance

Mitiska looking for projects in CEE

schedule 10 November 2016
Tomasz Szpyt-Grzegórski

CEE REGION Interview with David Tejml, head of Mitiska REIM’s CEE operations and Stefan Klug, Germany investment director, Mitiska-REIM.

Investment & finance

Arcona to buy eleven Polish shopping centres

schedule 10 November 2016
Rafał Ostrowski
journalist

POLAND Arcona Property Fund is planning to acquire a portfolio of eleven small shopping centres in Poland for EUR 25.9 mln.

Budner raises funds for student halls of residence

schedule 08 November 2016

POLAND Budner has raised PLN 25 mln from a bond issue.

Plaza Centers asks bondholders for time

schedule 08 November 2016
Alex Hayes
journalist

EUROPE Plaza Centers has applied to its bondholders to postpone repayment of some of its debts that fall due on December 1st 2017 under its debt restructuring deal.

Investment & finance

Stockmann to sell Nevsky Center

schedule 07 November 2016
Rafał Ostrowski
journalist

RUSSIA Stockmann Group is investigating a possible disposal of the Nevsky Center located in the heart of Saint Petersburg.

Lords LB Baltic Fund I closed

schedule 07 November 2016
Alex Hayes
journalist

LITHUANIA/LATVIA/ESTONIA Closed-end real estate investment fund Lords LB Baltic Fund I has ceased its activities, having sold its final asset, a Prisma supermarket in Kaunas, to Lithuanian investors.

BIK closer to stock exchange

schedule 07 November 2016

POLAND Warehouse developer Biuro Inwestycji Kapitałowych has finished collecting subscriptions for its upcoming public offering with a share issue price set at PLN 18.

Investment & finance

NEPI buys Arena Centar

schedule 07 November 2016
Alex Hayes
journalist

CROATIA New Europe Property Investments has bought the Arena Centar shopping centre in Zagreb for EUR 218.5 mln as well as additional development land for EUR 19 mln from Laniste.

Investment & finance

GIC takes P3 for EUR 2.4 bln

schedule 07 November 2016
Alex Hayes
journalist

EUROPE Warehouse developer P3 has been sold to GIC, the Sovereign Wealth Fund of Singapore, for EUR 2.4 bln.

Investment & finance

Belgrade Plaza going... going… not yet gone

schedule 04 November 2016
Alex Hayes
journalist

SERBIA Plaza Centers has found yet another buyer for its Belgrade Plaza shopping centre project In Belgrade.

Investment & finance

Q22 sold to Invesco

schedule 03 November 2016
Eurobuild CEE

POLAND The Q22 skyscraper in Warsaw, which has been developed by Echo Investment, is to be acquired by Invesco Real Estate European Fund (IREEF).

Investment & finance

Sold three years after bankruptcy

schedule 03 November 2016
Tomasz Szpyt-Grzegórski

ROMANIA The Swan Office & Technology Park in Bucharest has finally been sold – in an auction to Smartown Investments.

Investment & finance

Hystead buys Skopje City Mall

schedule 03 November 2016
Alex Hayes
journalist

MACEDONIA Hystead, a company jointly owned by Hyprop Investments and PDI Investment Holdings has acquired the Skopje City Mall from Balfin Finance for EUR 92 mln.

Arco Vara pulls out of Latvia

schedule 02 November 2016
Alex Hayes
journalist

LATVIA Arco Vara has sold a 70 pct stake in its subsidiary Arco Real Estate in a management buyout to chairman of the board Aigars Smits for an undisclosed price.

Colliers’ revenue up by 10 pct

schedule 02 November 2016
Rafał Ostrowski
journalist

WORLD Colliers International reported USD 462.1 mln revenue for the third quarter of this year – a 10 pct increase on the same quarter of the previous year.

L3 sold

schedule 02 November 2016
Alex Hayes
journalist

LITHUANIA Eften Real Estate Fund III has purchased the L3 office building in Vilnius from E.L.L. Real Estate subsidiary UAB Centresta for an undisclosed price.

CBRE touts Q3 performance

schedule 28 October 2016
Adam Zdrodowski

WORLD Real estate services firm CBRE has announced that its revenue for the third quarter of this year came USD 3.2 bln, a y-o-y increase of 18 pct.

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