Investment &amp; finance

Rafał Ostrowski
journalist

EUROPE In the first three quarters of 2015/16 Immofinanz has recorded net profit of EUR -146.1 mln, as compared to EUR 123.8 mln after Q3 2014/2015.

Poland sixth most attractive market in EMEA

16 March 2016

EMEA REGION Poland has been ranked sixth in terms of investment attractiveness in Europe, according to the latest 2016 EMEA Investor Intentions Survey by CBRE.

Confidence strong in non-listed real estate

16 March 2016

Rafał Ostrowski
journalist

EUROPE A record of EUR 123.6 bln in new equity was raised for non-listed real estate in 2015, according to the ‘Capital Raising Survey 2016’ by the European Association for Investors in Non-Listed Real Estate Vehicles (INREV).

CBRE GI to spend EUR 5.3 bln in Europe

15 March 2016

EUROPE CBRE Global Investors is planning to invest EUR 5.3 in new acquisitions across European markets in 2016.

Competition fears over Złote Tarasy acquisition

15 March 2016

Tomasz Szpyt-Grzegórski

POLAND The Polish Office of Competition and Consumer Protection (UOKiK) has expressed a number of reservations concerning the acquisition by Unibail-Rodamco of control over the ZT General Partner and Warsaw III companies, which own the Złote Tarasy shopping centre in Warsaw.

AFI Properties suffers 17 pct profit drop

14 March 2016

EUROPE AFI Properties, the Israeli parent company of AFI Europe, has registered an almost 17 pct drop in profit, from EUR 60 mln last year to EUR 50 mln in 2015, according to the company’s latest yearly financial report.

Inditex trims down new space in prime locations

14 March 2016

WORLD Fashion retail group Inditex expects to open 400 to 460 stores gross this financial year, as it continues to expand both its store and online portfolio.

Panattoni establishes new venture

14 March 2016

POLAND PG Europe, a part of the Panattoni capital group, is joining forces with CSJV CP Logistics Europe, which belongs to the US public retirement fund California State Teachers' Retirement System.

Amrest to open 140 restaurants, pursue M&A opportunities

11 March 2016

POLAND Warsaw-listed restaurant operator Amrest aims to significantly strengthen its position on the CEE markets it operates on, as it posts a 13.1 pct increase in revenues, to PLN 3.33 bln (EUR 798 mln), in FY 2015.

Peakside looking to reach bigger peaks

11 March 2016

Anna Pakulniewicz

CEE REGION Peakside Capital, through its Central and Eastern European team, completed over EUR 550 mln in transactions in 2015, to add to its substantial asset and debt management activities.

Vantage buys plot for estate

10 March 2016

Aneta Cichla

POLAND Vantage Development has purchased a plot from the Municipal Transport Company (MPK) in Wrocław for PLN 11.5 mln. The company aims to develop a residential project there.

Knight Frank wins Transylvania mandate

10 March 2016

ROMANIA Romanian Commercial Bank (BCR), a member of Erste Group, has appointed Knight Frank to market the Silver Mountain residential and hotel complex in Poiana Brasov in Transylvania.

Xcity invitations open for longer

Anna Pakulniewicz

POLAND Xcity Investment has prolonged its invitations to a selection of investors for 15 development projects with an estimated combined commercial area of over 250,000 sqm.

Vantage to build Wrocław project

POLAND Vantage Development, a subsidiary of Promenada VII VD, has concluded a preliminary contract with FSMnW Wrocław for the construction of a building on ul. Zakładowa in Wrocław.

Record-breaking Q4 for Prague offices – Colliers

Nathan North
managing editor (English section)

CZECH REPUBLIC The final quarter of 2015 saw the biggest gross take-up in the history of the Prague office market, according to a report published today by Colliers International on Q4 2015 in the Czech Republic.

Retail driving RE investment market

Anna Pakulniewicz

LATVIA 2015 was a record post-crisis year in terms of real estate investment, with a volume of over EUR 1 bln in the commercial real estate segment of all three Baltic States, according to the latest Colliers International report. The annual review has been published together with Sorainen and KPMG.

Budner takes a leap in new ventures

Ewa Andrzejewska

Recently some changes have been introduced to the Budner shareholder structure. The company has appointed a new management board. Will Budner’s strategy now change? Gregor Sobisch, the president of the board at Budner: Our company, which boasts a 25-year history and experience, has specialized in general construction and execution of housing projects so far. Now we are taking a turn as the company’s profile is to be extended by additional strategic operations. They are to facilitate and speed up further development of the company. General construction will be one of the arms of our business growth.

Jeronimo Martins to spend EUR 600 mln

POLAND In FY 2015 the Jeronimo Martins-owned Biedronka discount grocer has reported revenues of EUR 9.2 bln, a 9.2 pct increase on 2014.

EIB to remain active CEE lender

CEE REGION In 2015 the European Investment Bank (EIB) has backed Polish investment projects with a total of EUR 5.54 bln, including the road, transport and city infrastructure projects. This year the EIB will aim to focus on increasing the pace of modernisation of Polish cities, promoting major investments in the energy sector and supporting SMEs and midcaps.

Penta increases stake in EM&F