Investment &amp; finance

POLAND A 119,000 sqm Amazon Wrocław warehouse, developed by Panattoni Europe, has been sold off, while another Amazon Polish fulfilment centre is to be sold soon.

Investors optimistic about the future

26 February 2016

EUROPE Only 7 pct of the surveyed real estate professionals expect their profits to decrease in 2016, according to the “Emerging Trends in Real Estate. Europe 2016” report by PwC and Urban Land Institute.

Global real estate investment likely to increase

10 January 2016

WORLD Over a half (52 pct) of the 600 investors surveyed by Colliers International is planning to increase real estate fund allocations in 2016, while only 11 pct of the respondents to decrease their investment, according to the “Global Investor Outlook” report.

Veranda gets EUR 25 mln financing

24 February 2016

ROMANIA Veranda shopping centre, situated in Bucharest’s Obor area, has secured a EUR 25.5 mln development loan from Raiffeisen Bank and Raiffeisen Bank International.

Centerscape buys four Polish assets

24 February 2016

POLAND Centerscape Group has acquired four small retail properties in Chorzów, Prudnik, Rawa Mazowiecka and Trzcianka.

PKP earns over PLN 200 mln selling real estate

POLAND The Polish State Railways (PKP) has announced that in 2015 the company carried out 22 projects.

Griffin raises funds for new acquisitions

POLAND The Griffin Real Estate Group is aiming to raise PLN 300 mln from a bond issue programme and is planning more acquisitions. Griffin Real Estate is the company issuing the bond.

CEE investment volumes hit EUR 7.37 bln

CEE REGION According to Cushman & Wakefield, investment activity in the major CEE markets, namely in Poland, the Czech Republic, Slovakia, Hungary and Romania, has increased to EUR 3.16 bln in Q4 2015, surpassing the pre-crisis 2006 levels.

Colliers acquires property management specialist

EUROPE/ NETHERLANDS Colliers International has acquired the Netherlands-based property and asset management company WPM Groep.

Military hotel group privatisation halted

16 February 2016

POLAND The Polish state treasury has suspended the privatisation process of Grupa Hoteli WAM – a hotel network owned by the AMW (Military Property Agency).

Consolidation time for property firms

15 February 2016

WORLD CBRE is currently conducting negotiations over the acquisition of a Billfinger Real Estate-owned advisory GVA, while it might also want to take over some other Bilfinger real estate units, informs PropertyWeek.com.

South Africans buy two malls for EUR 200 mln

15 February 2016

SERBIA/MONTENEGRO South African shopping centre REIT Hyprop Investments has acquired a 60 pct stake in Serbian mall Delta City Belgrade purchased from Delta Real Estate Group (Delta), and Montenegrin mall, Delta City Podgorica, purchased from Hemslade Trading Limited Cyprus (Hemslade) and Delta. Homestead Group Holdings Limited, a company associated with Louis Norval, a non-executive director of Hyprop, has acquired the remaining 40 pct of both shopping centres.

Skanska maintains momentum in CEE

15 February 2016

CEE REGION Skanska completed the sale of eleven office buildings in three CEE countries in 2015, achieving a total transaction volume of almost EUR 500 mln for the year.

Polish real estate set for another good year

12 February 2016

POLAND An increasing number of investors entering Poland, almost 1 mln sqm of office space planned for delivery, and a rising supply of hotel facilities – are just some these are among the predictions made by Colliers International for Polish the real estate market in 2016, in its latest Market Insights report.

Half of Erbud’s profits could be paid in dividends

11 February 2016

POLAND After its application has been assessed by the supervisory board, the management board of Erbud will recommend a dividend ranging from 30 to 50 pct of the net financial result generated in the previous financial year at a company general meeting.

Atrium sells ten Czech retail centres

11 February 2016

CZECH REPUBLIC Atrium European Real Estate has completed the sale of a portfolio of ten retail assets in the Czech Republic to a private client account managed by Palmer Capital for EUR 102.6 mln.

E.Leclerc buys Aviator mall

10 February 2016

POLAND Pergranso, a subsidiary of the SOFILEC group (the owner of the E.Leclerc grocery chain), has acquired the Galeria Aviator shopping centre project which is currently being developed in Mielec.

Kotva sold for EUR 80 mln

10 February 2016

CZECH REPUBLIC The Kotva department store on Naměstí Republiky in central Prague has been bought by Pražská Správa Nemovitostí, a company owned by property magnate Václav Skala – according to E15.

Foreign investment hits historic lows

09 February 2016

RUSSIA In 2015 foreign investment in commercial real estate in Russia amounted to USD 540 mln, according to research by Knight Frank.

Slovakian investment reaches EUR 412 mln in 2015 – JLL

09 February 2016