Investment & finance

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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.

Norges invests in CEE logistics portfolio

schedule 28 October 2016
Adam Zdrodowski

CEE Norges Bank Real Estate Management has acquired a 50 pct interest in a major Central and Eastern European logistics portfolio from Prologis for EUR 55.3 mln.

Investment & finance

Galeria Warmińska sold for EUR 150 mln

schedule 27 October 2016
Adam Zdrodowski

POLAND Rockcastle has signed a preliminary agreement for the purchase of the Galeria Warmińska shopping centre in Olsztyn in north-eastern Poland from Libra Project 2 for EUR 150 mln.

Gazit-Globe borrows more from Citibank

schedule 27 October 2016
Adam Zdrodowski

WORLD Shopping centre owner, developer and operator Gazit-Globe has increased and extended its credit facility agreement with Citibank by USD 150 mln to a total of USD 360 mln.

Investment & finance

Linstow sells stake in Park Inn hotels

schedule 25 October 2016
Anna Pakulniewicz

LITHUANIA Linstow has sold its stake in Baltijos Parkai, a company that owns Park Inn hotels in Vilnius and Klaipėda, to Green Hotel.

Investment & finance

Chinese investors take a quarter of Hilton

schedule 24 October 2016
Eurobuild CEE

WORLD Chinese conglomerate HNA Group is to acquire a stake of app. 25 pct in Hilton Worldwide Holdings from Blackstone for USD 6.5 bln, which is equivalent to USD 26.25 per share.

BGK prepares for Apartment Plus programme

schedule 24 October 2016
Tomasz Szpyt-Grzegórski

POLAND State-owned BGK Bank subsidiary BGK Nieruchomości has signed seventeen agreements including a number of letters of intent with local government authorities to support the pilot programme of the government’s new ‘Apartment Plus’ scheme.

Polnord to sell office buildings

schedule 24 October 2016
Anna Pakulniewicz

POLAND Polnord is looking for investors for two buildings in the Wilanów Office Park complex with the company hoping to complete the sales by the end of Q2 2017.

Investment & finance

Rockcastle about to merge with NEPI?

schedule 21 October 2016
Alex Hayes
journalist

CEE REGION Both NEPI and Rockcastle have advised their separate shareholders to exercise caution in respect to share dealings with the other company.

GE to invest in aircraft engine HQ

schedule 21 October 2016
Alex Hayes
journalist

CZECH REPUBLIC General Electric and Czech Republic government officials have signed an investment agreement to build GE’s new turboprop headquarters in the Czech Republic.

Dom Development to issue shares

schedule 19 October 2016
Eurobuild CEE

POLAND Dom Development hopes to acquire PLN 120 mln in a new bond issue.

EU approval for SELP acquisition

schedule 18 October 2016
Tomasz Szpyt-Grzegórski

POLAND The EU competition authorities have consented to the acquisition by Segro European Logistics Partnership (SELP) of the Gliwice 5 warehouse.

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