Investment & finance

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Berlin Hyp happy with half-year results

schedule 11 August 2016
Adam Zdrodowski

GERMANY Berlin Hyp has reported an operating profit before tax of EUR 31.5 mln for H1 2016, compared with the EUR 39.9 mln recorded in the same period last year.

Sonae Sierra sees recovery in Europe

schedule 11 August 2016
Adam Zdrodowski

EUROPE Sonae Sierra posted a net profit of EUR 59 mln, improved its tenant sales in Europe in H1 2016.

Investment & finance

Aviva offloading warehouse building in Łódź

schedule 10 August 2016
Rafał Ostrowski
journalist

POLAND Aviva Investors has sold the B1 building and a 3.5 ha plot of land at the Łódź Business Park to Panattoni Europe, with Savills having brokered the transaction on behalf of the vendor. The value of the transaction has not been disclosed.

Ronson issues bonds worth PLN 15 mln

schedule 09 August 2016
Adam Zdrodowski

POLAND Ronson issued Q-series bonds on July 29th with a nominal value of PLN 15 mln.

Skanska buys land for skyscrapers in Wola

schedule 09 August 2016
Tomasz Szpyt-Grzegórski

POLAND Eastside – Bis from the Impexmetal group has concluded contracts with companies from the Skanska Group concerning the sale of an investment project which could be carried out on a property located at ul. Łucka 7/9 in Warsaw with an area of 5,727 sqm. The new owner is to spend a net amount of app. PLN 96 mln.

Extra PLN 20 mln bonds for Polnord

schedule 08 August 2016
Eurobuild CEE

POLAND In accordance with the announcement from two days ago, Polnord has today issued unsecured MB2-series bonds for a total amount of PLN 20 mln.

Immofinanz to leave Russian market

schedule 08 August 2016
Rafał Ostrowski
journalist

RUSSIA Immofinanz is about to sell its EUR 1.1 bln portfolio of shopping centres in Moscow. “Since the Russian properties have distinct market characteristics and a different risk profile than the remainder of the portfolio, Immofinanz plans either to sell or spin off the Moscow shopping centres,” the company stated in its recent 2015/2016 annual report.

7R Logistic obtains funds from bonds

schedule 05 August 2016
Ewa Andrzejewska

POLAND Upper Finance has raised PLN 5 mln through the issue of three-year bearer bonds for a company from the 7R Logistic capital group. This is the third issue from which 7R Logistic has acquired funds. The money will make it possible to expand the Kraków-Kokotów logistics park that was launched in December 2015.

Polnord gaining millions thanks to bonds

schedule 05 August 2016
Ewa Andrzejewska

POLAND Polnord has issued unsecured O-series bonds as part of a private issue. They are worth PLN 20 mln and were all taken up by two financial institutions.

Positive developments on Bulgarian investment market: report

schedule 04 August 2016
Adam Zdrodowski

BULGARIA This year’s total transactions volume should surpass the 2015 level.

Investment & finance

Immofinanz buys 26 pct stake in CA Immo

schedule 02 August 2016
Eurobuild CEE

EUROPE Immofinanz has completed the purchase of 25,690,163 bearer shares, representing 26 pct stake in CA Immobilien Anlagen from Terim Limited (Cyprus) and four registered shares of CA Immo from O1 Group Limited (Cyprus). The closing took place today, on Tuesday, August 2nd, 2016.

Lokum Deweloper allocates C-series bonds

schedule 01 August 2016
Eurobuild CEE

POLAND Lokum Deweloper has carried out a private issue of three-year C-series bonds with a total nominal value of PLN 40 mln.

Investment & finance

Accor attains its goals

schedule 29 July 2016
Tomasz Szpyt-Grzegórski

THE WORLD AccorHotels group has finalised the acquisition of FRHI Hotels & Resorts and three brands of luxury hotels owned by the company, Fairmont, Raffles and Swissôtel, in a transaction Eurobuild has previously published information on, in December 2015.

CBRE enjoys 34 pct revenue boost

schedule 29 July 2016
Eurobuild CEE

WORLD CBRE Group recorded a 34 pct revenue increase (35 pct in local currency) to USD 3.2 bln in Q2 2016.

Losses for Immofinanz

schedule 28 July 2016
Nathan North
managing editor

CE REGION Immofinanz recorded net loss of EUR 390.4 mln for the 2015/16 financial year (2014/15: a loss of EUR 376.6 mln).

Investment & finance

Baltic Horizon adds Riga offices to portfolio

schedule 28 July 2016
Nathan North
managing editor

LATVIA Baltic Horizon has signed a binding agreement to acquire the Upmala Biroji office building from Bauplan Nord in Riga.

EU loan of EUR 59 mln for Zielona Góra

schedule 28 July 2016
Eurobuild CEE

POLAND The European Investment Bank (EIB) is lending PLN 250 mln (app. EUR 59 mln) to finance municipal infrastructure projects in Zielona Góra in western Poland.

Investment & finance

Valad swoops for Wiśniowy Business Park

schedule 28 July 2016
Nathan North
managing editor

POLAND Valad Europe in partnership with funds managed by Oaktree Capital Management has acquired the Wiśniowy Business Park (buildings ‘C’, ‘D’, ‘E’ and ‘F’) in Warsaw for an undisclosed sum.

Investment & finance

Deutsche Hypo finances PCC purchase

schedule 28 July 2016
Rafał Ostrowski
journalist

POLAND Deutsche Hypothekenbank as the sole lender is providing a loan for the purchase of the Prime Corporate Center office building in Warsaw.

Tower Investments lists and plans ahead

schedule 28 July 2016
Anna Pakulniewicz

POLAND Tower Investments has listed on Warsaw’s NewConnect stock exchange and is now planning new projects.

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