Investment &amp; finance

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

09 December 2016

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”

09 December 2016

Anna Pakulniewicz

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

South Africans take Nova Park

09 December 2016

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

08 December 2016

Eurobuild CEE

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

Nathan North
managing editor (English section)

Hansainvest buys Atrium 2 for EUR 88 mln

08 December 2016

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

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.

HB Reavis sells Twin City A to IAD

Nathan North
managing editor (English section)

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

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.

Hurry up, says former PO finance minister

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

Anna Pakulniewicz

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

Many more projects in Katowice Special Economic Zone

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.

AFI to sell its Bucharest offices

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

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.

NEPI and Rockcastle closer to fusion

CEE REGION New Europe Property Investments and Rockcastle have announced further details of their forthcoming merger, which is to be conducted through a share-swap based on the two company’s financial results.

Kruszwica in talks over Targówek plot

Tomasz Szpyt-Grzegórski

POLAND A subsidiary of Kruszwica–ZTK Property Management has found a party interested in an 8.4-ha plot at ul. Radzymińska 122/124 in Warsaw’s Targówek district.

CTP buys WestLog Distribution Centre

HUNGARY CTP has recently signed an agreement to purchase the 63,000 sqm WestLog distribution centre at Biatorbagy from Industrial Securities.

Rockcastle acquires two malls

POLAND Rockcastle Global Real Estate has acquired a retail portfolio of 62,000 sqm from Aviva Investors, worth EUR 160 mln.

Skanska buys Ilmet and Warsaw One