Investment &amp; finance

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.

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.

Blackstone sells Hilton Prague Old Town

22 December 2016

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.

“Largest Slovak deal” goes through

Nathan North
managing editor (English section)

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

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.

Skanska sells Nordic Light

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

First Retail International Fund 2 closes at EUR 223 mln

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

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.

Baltic Horizon buys shopping centre

ESTONIA Northern Horizon Capital has announced the acquisition of the Piirita shopping centre for its Baltic Horizon Fund.

Immofinanz takes its Russian time over CA Immo merger

CEE REGION Immofinanz is to delay its planned merger with CA Immo to give the company more time to divest itself of its Russian portfolio, which is a condition of the deal.

Dino prepares for launch

Tomasz Cudowski
editor-in-chief

POLAND Dino Polska has submitted its prospectus to the Polish Financial Supervision Authority and is to debut on Warsaw Stock Exchange in H1 next year.

Modernisations and extensions now account for 15 pct of retail space supply

POLAND In both 2016 and 2017 as much as 15 pct of retail space supply of retail space has or will come from extensions and modernisations, claims Colliers International.

Banks still willing to finance projects

EUROPE According to a KPMG survey of nearly 100 financial institutions in 21 countries, financing on European real estate markets is still readily available, despite the decrease in optimism within the industry.

Echo and Echo on ul. Towarowa

Rafał Ostrowski
journalist

POLAND The Office of Competition and Consumer Protection [UOKiK] has approved the formation of a joint venture company by Echo Investment and Echo Polska Properties, which is to develop a shopping centre at ul. Towarowa 22 in Warsaw.

AFI announces 6,000 sqm of leases

ROMANIA AFI Europe Romania has leased out over 6,000 sqm of office spaces in AFI Park 4 and AFI Park 5 in Bucharest bringing the total space leased over the year in the buildings to 19,000 sqm.

Office Garden 1 sold

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

Rockcastle seals Galeria Warmińska purchase

Nathan North
managing editor (English section)

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

15 December 2016

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.

NEPI and Rockcastle tie the knot

14 December 2016

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

13 December 2016