Investment &amp; finance

POLAND Echo Investment has secured a loan agreement with Berlin Hyp and ING Bank Śląski worth almost PLN 600 mln. The acquired funds, i.e. an investment loan of EUR 132 mln, will be used to refinance Echo’s four office projects: Malta Office Park, Park Rozwoju, West Gate and A4 Business Park.

Skyscraper plot sold for PLN 100 mln

24 June 2016

POLAND A plot for two skyscrapers at ul. Łucka 7/9 in Warsaw, owned by Eastside-Bis, a subsidiary of the Boryszew group, is to be sold for PLN 100 mln net.

Diófa buys retail park and Europark

23 June 2016

Rafał Ostrowski
journalist

HUNGARY Diófa Fund Management has finalised its acquisition of the Europark shopping centre in Budapest from Unibail-Rodamco after over a year of negotiations.

Metropol goes to Hillwood

22 June 2016

POLAND Hillwood Europe has bought the Metropol Park Błonie logistics complex 25 km west of Warsaw city centre for an undisclosed sum.

Robyg buys more land in Gdańsk

22 June 2016

Ewa Andrzejewska

POLAND Robyg has purchased a 6.3 ha site in the Letnica district in Gdańsk for PLN 53 mln net.

Brexit would have short term impact on real estate

Rafał Ostrowski
journalist

Andy Rofe, the managing director of Invesco Real Estate in Europe, believes that the property repricing a Brexit would cause could represent a buying opportunity for investors.

Hotel to be built on ul. Chmielna

Ewa Andrzejewska

POLAND A plot at ul. Chmielna 89 in the centre of Warsaw is to be sold by Kulczyk Real Estate Holding to Green House Development, Eurobuild CEE has discovered.

Feniks financed

POLAND An SPV company of the Soho Development group has acquired financing for the Feniks building, which is being developed as part of the Soho Factory complex in Warsaw’s Praga-Południe district.

Contractor sells developer

POLAND Construction company Erbud is selling its development company subsidiary, Budlex of Toruń.

Vantage to build estate near Magnolia Park

POLAND Vantage Development has signed a preliminary deal for the purchase of a plot for a new estate to be built on ul. Małopanewska in Wrocław, near the Magnolia Park shopping centre.

HB Reavis sells logistics portfolio to Macquarie

CZECH REPUBLIC/SLOVAKIA HB Reavis Group and the HB Reavis CE REIF fund have jointly sold a 132,000 sqm portfolio of logistics centres in the Czech Republic and Slovakia to Macquarie Infrastructure and Real Assets, part of the Macquarie Group, for EUR 79 mln.

EUR 117 mln loan for Janki extension

POLAND Pbb and HSBC have jointly underwritten a EUR 117 mln investment and development facility for the Centrum Janki shopping centre on Warsaw’s south-western outskirts.

Victoria Dom raises PLN 20 mln from bonds

POLAND Warsaw-based residential developer Victoria Dom has placed 20,000 four-year secured corporate bonds with a value of PLN 20 mln.

Rank Progress loan for bonds – but no dividend

POLAND Rank Progress has revealed that it has secured loans worth PLN 106.3 mln from Bank Ochrony Środowiska.

HB Reavis issues first Czech bonds

16 June 2016

Eurobuild CEE

CZECH REPUBLIC Slovak developer HB Reavis has completed its first issue of EUR 46.2 mln unsecured bonds on the Czech capital market. This brings the total funds raised by HB Reavis on Central European capital markets since November 2013 to almost EUR 150 mln.

450 new properties for sale

15 June 2016

Anna Pakulniewicz

POLAND Orange Polska is planning to sell another 450 properties across Poland. These will mainly be located in Warsaw and its immediate area as well as many other places across the country.

Realia and Ober-Haus in new hands

14 June 2016

Anna Pakulniewicz

THE BALTICS Realia Group, a real estate management and brokerage services provider, is to be acquired by Altor Fund IV.

KGAL buys Eiffel

14 June 2016

HUNGARY German-based asset and investment manager KGAL has bought the Eiffel Square office building in central Budapest from Europa Capital and local partners ConvergenCE, for an undisclosed sum.

Kotva sale to PSN completed

14 June 2016