Investment &amp; finance

Rafał Ostrowski
journalist

POLAND The Archicom group sold almost 440 apartments in H1, an increase of 56 pct on the same period of the previous year.

Banks provide huge Magnolia Park loan

POLAND The owners of the Magnolia Park shopping centre in Wrocław have secured a EUR 210 mln refinancing facility.

High five for J.W. Construction

POLAND In H1 this year, the J.W. Construction Holding Group recorded a net profit of PLN 26.1 mln, a more than five-fold increase on the same period of the previous year (PLN 5.1 mln).

Luxembourg Echo

Tomasz Szpyt-Grzegórski

POLAND/LUXEMBOURG/RSA Shares in Echo Polska Properties (EPP) have been listed on the Luxembourg Stock Exchange.

Revenue boost for Central Park

POLAND Capital Park has reported consolidated operating revenue of PLN 50.72 mln for H1 this year, which compares to PLN 36.13 mln for the same period of the previous year.

Segro share issue to boost expansion

02 September 2016

EUROPE Segro hoping to generate GBP 340 mln from latest share issue, wants to fund new development opportunities.

Less revenue, more profit for Erbud

06 September 2016

Rafał Ostrowski
journalist

POLAND Erbud has reported revenue of over PLN 788 mln for H1, representing a decline on the PLN 806 reported for the same period of the previous year.

Increasing revenue for largest companies in CEE

06 September 2016

CEE REGION According to a survey by Deloitte, the revenue of the 500 largest companies of the region came to EUR 695 bln last year, representing an increase of 1.7 pct on the previous year (EUR 673 bln).

Archicom revitalises Piastowski Brewery

06 September 2016

POLAND The site of the former Piatowski brewery in Wrocław has changed hands.

Nathan North
managing editor (English section)

HB Reavis sells Konstruktorska

05 September 2016

POLAND HB Reavis has sold the Konstruktorska Business Center in Warsaw to Netherlands-based investment company Golden Star for an undisclosed sum.

Good times for Mostostal Warszawa

05 September 2016

POLAND Mostostal Warszawa registered gross revenue of app. PLN 636 mln in H1 this year, representing a rise of app. PLN 140 mln on H1 the previous year (PLN 495 mln).

Echo releases H1 results

01 September 2016

POLAND Echo Investment Group has released its results for H1 2016 recording a revenue of PLN 280.5 mln compared to PLN 273.8 mln for the same period of the previous year. Gross sales profit was up by PLN 10.5 mln to PLN 145.4 mln with an operating profit up from PLN 31.3 mln to PLN 404 mln and net profit up from PLN 22.7 mln to PLN 299 mln.

Ronson convinces bond buyers

01 September 2016

POLAND Ronson Europe has issued P-series bonds with a nominal value of PLN 10 mln in a public offer – the first public bond issue by the developer, with others set to follow.

GTC debuts in South Africa

31 August 2016

POLAND/SOUTH AFRICA Central European developer and property owner Globe Trade Centre, which has so far been listed on the Warsaw Stock Exchange, is the first Polish company to list on the Johannesburg Stock Exchange (JSE).

Orco finally merged into CPI

Nathan North
managing editor (English section)

CZECH REPUBLIC CPI Property Group has obtained merger clearance for the acquisition of Orco Property Group from the Czech Office for the Protection of Competition (ÚOHS).

Dekada willing to buy

Ewa Andrzejewska

POLAND Aleksander Walczak, the president of Dekada, has announced plans for the acquisition of shopping centres in Poland.

Improved Q2 for YIT

EUROPE Finnish developer and builder YIT Corporation generated revenue of EUR 463.7 mln (based on segment reporting) in Q2 2016, which marked an 11 pct increase on the same period of last year.

Kleba sells Olsztynek properties

POLAND KI Siedem, a subsidiary of Kleba Invest, has sold properties in Olsztynek for PLN 15 mln to an as yet undisclosed buyer.

REIT awareness to be promoted

26 August 2016

POLAND A group of real estate market experts has set up the REIT Poland association.

BZ WBK finances Ochota apartments

26 August 2016