Investment &amp; finance

EUROPE Austrian developer and investor Immofinanz has recorded a EUR 21.9 mln for the first quarter of the 2016 abbreviated financial year (May-December), which represents and 81 pct fall in its net profit.

Gdański changes hands

21 September 2016

Rafał Ostrowski
journalist

POLAND The first stage of the Gdański Business Center office complex is changing hands at a price of EUR 186 mln.

Dragon takes over 16,000 sqm mall in Kyiv

19 September 2016

UKRAINE Dragon Capital Investments has completed the acquisition of the Pyramida shopping centre in Kyiv’s Darnytsia district from a group of American and British investors.

Strabag to take over Austrian developer

19 September 2016

EUROPE Strabag is about to increase its stake in Raiffeisen evolution from 20 pct to 100 pct, pending the necessary corporate approvals.

Waryński considers hotels and creates new strategy

16 September 2016

POLAND After a change in the top management of the group Waryński is preparing a new development strategy. The company is planning a new residential project and wishes to test its strength in new segments.

High quality of life in Warsaw

16 September 2016

POLAND Warsaw was ranked 15th out of 100 cities throughout the world for sustainable social development according to the Arcadis ‘Sustainable Cities Index’.

Riga Plaza sold

15 September 2016

Alex Hayes
journalist

LATVIA Riga Plaza shopping centre has been sold to an unnamed global investment fund for EUR 93.4 mln by a 50 pct owned subsidiary of Plaza Centers.

Zgorzelec Plaza sold

Alex Hayes
journalist

POLAND Plaza Centers has completed the sale of its shares in Zgorzelec Plaza shopping Centre in accordance with its debt restructuring agreement (DRA) signed with Bank Zachodni WBK and announced on June 30th of this year.

CBRE GI acquires 450,000 sqm portfolio from Hillwood

POLAND/GERMANY Hillwood has confirmed that it has agreed to sell a 450,000 sqm portfolio of warehouse and industrial properties to CBRE Global Investors across Germany and Poland.

REINO resumes suspended IPO

POLAND The book building process has resumed for the shares of REINO Dywidenda Plus

Murapol plans new estate in Gdańsk

POLAND Developer Murapol intends to buy a plot on ul. Jabłoniowa in Gdańsk for a residentiak estate of app. 230 apartments with a combined area of app. 8,500 sqm.

Murapol buys land in Gdynia

POLAND Murapol has signed a preliminary agreement to purchase 2.9 ha plot on ul. Starochwaszczyńska in Gdynia.

Echo shares sell like hot cakes

POLAND Echo Polska Properties (EPP) latest share issue was oversubscribed with trading to start on the Johannesburg Stock Exchange from September 13th.

Murapol to buy land for more than 2,000 apartments

Ewa Andrzejewska

POLAND A subsidiary of stock-exchange-listed Murapol has concluded a preliminary contract for the purchase of a property on ul. Wróblewskiego in Łódź.

Loans for two Victoria Dom projects

POLAND Victoria Dom has secured two loan deals worth PLN 28 mln. The two loan agreements have been concluded with Bank Spółdzielczy in Ostrowia Mazowiecka, enabling Victoria Dom to finance the construction of the Viva Garden 3 and Viva Garden 4 residential projects in Warsaw’s Białołęka district.

EPP shares in demand during JSE private placement

SOUTH AFRICA Echo Polska Properties is to list on the Johannesburg Stock Exchange today (September 13th).

Capital Park sees revenues increase

Eurobuild CEE

POLAND Capital Park recorded a consolidated operating revenue of PLN 50.72 mln in H1 this year, a rise on the PLN 36.13 mln registered for the same period of the previous year.

Delta 44, going once... going twice...

POLAND Vantage Development has reported that it has found a buyer for its Delta 44 office building in Wrocław.

HB Reavis scoops EUR 300 mln in a week

09 September 2016