Investment &amp; finance

POLAND Redefine Properties has taken a 75 pct stake in Echo Prime Properties (EPP) – the company that controls all the commercial assets of Echo Investment. The remaining 25 pct will remain with Echo Investment.

Plaza Centers sells Belgrade project

25 May 2016

SERBIA Plaza Centers has sold a plot, formerly occupied by the former Federal Ministry of Internal Affairs (MUP), at the entrance to Belgrade’s old town for EUR 15.9 mln.

Intel seals Allcon Park purchase

03 June 2016

POLAND Global IT giant Intel has finalised its acquisition of Allcon@Park in Gdańsk. Intel Technology Poland now owns its five-building headquarters in Poland – a total area of 24,000 sqm together with land for the possible expansion of the complex.

PHN arm in arm with Waryński

03 June 2016

POLAND Polski Holding Nieruchomości (PHN) and Waryński Grupa Holdingowa have signed a letter of intent over the possibility of cooperating on the real estate market.

Warimpex reduces losses

EUROPE In the first quarter of the year, Warimpex Finanz- und Beteiligungs recorded a EUR 463,000 loss, an improvement on the EUR 5.4 mln loss in the same period of 2015.

Slow Q1 on the investment market

EUROPE European investment activity fell by 14 pct y-o-y to EUR 45.6 bln in the first quarter of the year, according to Cushman & Wakefield’s latest market report.

Valad sells Błonie park to P3

POLAND Valad Europe has completed the sale of Blonie Business Park outside Warsaw to P3 Logistic Parks.

Starwood acquisition under EU scrutiny

WORLD The European Commission is to evaluate the acquisition of Starwood Hotels & Resorts by the Marriott group.

Smyk finally in Bridgepoint’s hands

31 May 2016

POLAND Empik Media & Fashion has finalised the sale of Smyk to UK private equity group Bridgepoint.

Pramerica changes name

31 May 2016

WORLD Pramerica Real Estate Investors is now operating under the name of PGIM Real Estate across all markets.

HB Reavis raises EUR 46 mln in bond issue

31 May 2016

CZECH REPUBLIC Slovakian developer HB Reavis has announced the completion of its first unsecured EUR 46.2 mln (CZK 1.25 bln) bond issue on the Prague Stock Exchange.

I2 after the debut

POLAND Wrocław-based residential developer I2 Development has listed on the Warsaw Stock Exchange today.

Prosta Tower up for sale

POLAND Marvipol is negotiating the sale of Prosta Tower in Warsaw to a unnamed buyer that has exclusive purchasing rights to the property.

Saller sells plot to Bricomarché

Aneta Cichla

POLAND The Saller group, the investor and developer of a retail park project on ul. Południowa in Sulechów near Zielona Góra, has sold a neighbouring plot to Bricomarché.

Deka Immobilien opens Warsaw branch

POLAND Deka Immobilien has opened its first local office in Central and Eastern Europe. Its Warsaw office will be operated by two people, Łukasz Laskowski and Daniel Pater.

Three new investors buy into Echo

POLAND South African fund Pivotal is to acquire from Redefine a 6 pct share in the Echo Prime Properties (EPP) platform.

Caerus buys Cubus

SLOVAKIA UK-based Caerus Investment Management has acquired the Cubus office building in central Bratislava from Savills Investment Management on behalf of a private separate account client.

French pension fund buys Prague high street property for EUR 80 mln

CZECH REPUBLIC LaSalle Investment Management has made its first acquisition in the Czech Republic on behalf of French public service additional pension scheme ERAFP, by purchasing the buildings at Na Příkopě 23, 25 and 27 in central Prague from a private owner for app. EUR 80 mln.

Rafał Ostrowski
journalist

AFI increases income by over 200 pct

27 May 2016

EUROPE In the first quarter of the year, AFI Properties, the parent company of AFI Europe, registered EUR 20 mln of net operating income, representing a 251 pct increase compared to Q1 2015.

AEW and Natixis raise EUR 162 mln

27 May 2016