Investment &amp; finance

Nathan North
managing editor (English section)

HUNGARY Atenor has sold building A of Váci Greens in Budapest to a group of private Hungarian investors for an undisclosed sum.

Accor takes Chain Bridge option

HUNGARY Accor, the majority shareholder of Orbis (52.7 pct) is buying the Sofitel Budapest Chain Bridge hotel via a subsidiary.

CEE outperforms rest of Europe

CEE REGION The total commercial real estate investment volume across Central and Eastern Europe grew 11 pct to EUR 11 bln in 2016, bucking the wider trend across Europe, where volumes shrank year-on-year, according to Cushman & Wakefield. In Q4 2016 alone, the total investment across the region reached EUR 4.4 bln, a 27 pct increase on a year ago.

Immofinanz raise EUR 97.4 mln from BUWOG issue

Rafał Ostrowski
journalist

EUROPE Immofinanz has sold app. 4.5 mln of ordinary shares in Austrian residential builder and manager BUWOG.

Rafał Ostrowski
journalist

CBRE GI granted EUR 108 mln loan

02 February 2017

CZECH REPUBLIC CBRE Global Investors has acquired a EUR 108 mln loan from Pbb Deutsche Pfandbriefbank for the acquisition of the Letňany shopping centre in Prague. Letňany,

Nathan North
managing editor (English section)

EPP to buy four Blackstone malls for EUR 166.6 mln

02 February 2017

POLAND Echo Polska Properties (EPP) has announced the signing of a preliminary agreement to acquire four shopping centres across Poland from funds managed by Blackstone.

Hungarian investment doubles

02 February 2017

Rafał Ostrowski
journalist

HUNGARY The Hungarian commercial real estate investment market doubled from EUR 745 mln in 2015 to EUR 1.54 in 2016, according to the latest report by CBRE.

BlackRock to set up in Budapest

30 January 2017

HUNGARY US fund manager BlackRock is to set up an innovation centre in Budapest.

Record sales for Atal

30 January 2017

POLAND Atal has announced that it sold 2,436 apartments in 2016, 44 pct more than the 1,689 apartments sold in the previous year.

Polish Academy of Sciences sells land in Jabłonna

27 January 2017

POLAND A 20 ha near the Jabłonna ring road has been put up for sale by the Polish Academy of Sciences. “The academy is not planning to construction any scientific research facilities on the land, so the decision was made to sell,” says Tadeusz Latała, the chancellor of the Polish Academy of Sciences.

BIG takes Belgrade Plaza

26 January 2017

SERBIA Plaza Centers has signed a sales agreement for the 32,300 sqm Belgrade Plaza shopping centre to BIG Shopping Centers, having signed a letter of intent in November last year.

Preparing for climate change

26 January 2017

POLAND The Ministry of Environment has signed a contract worth PLN 30 mln for plans to be drawn up to prepare Polish towns and cities with populations of over 100,000 people for the challenges posed by climate change.

Historic bank to undergo Moderna -isation

26 January 2017

POLAND Moderna has purchased a historic building, which formerly housed Bank Polski, at the junction of ul. 3 Maja and 10 lutego in Gdynia. Since 1984 the building has been on the list of historic buildings, but it has not been renovated for many years.

Two office blocks for the inland revenue

25 January 2017

Anna Pakulniewicz

POLAND The Polish tax office has acquired two office buildings on ul. Erazma Ciołka in Warsaw’s Wola district from Satoria Group.

Sun & Snow to make debut on capital market

25 January 2017

POLAND The Sun & Snow group has issued PLN 10 mln worth of series A bonds, which will mature in three years time.

NY Residence financed by Raiffeisen Polbank

POLAND Terra Casa has signed a loan agreement with Raiffeisen Polbank to finance 70 pct of the investment costs of the NY Residence project in Kraków.

Five billion over next decade

POLAND Firmus Group has earmarked around PLN 5 bln for projects in Poland over the next 10 to 15 years.

Raven buys three in Petersburg

Nathan North
managing editor (English section)

RUSSIA Subsidiaries of Raven Russia have agreed to acquire three St Petersburg properties from EPI Russia I Ky, a fund managed by Northern Horizon Capital, for RUB 4.9 bln (app. EUR 77 mln).

Investors interested in PKP plots

POLAND A total of 13 investors have expressed interest in jointly developing two plots in Warsaw with Polish State Railways [PKP] affiliate Xcity Investment.

Bricostore becomes warehouse

23 January 2017