Investment &amp; finance

POLAND Valad Europe has acquired the MEAG-owned Warsaw Corporate Center on behalf of its VCERP fund.

Land at the top

04 February 2016

POLAND At least PLN 2.5 bln was invested in land for development in Poland in 2015, according to research by JLL, and this year the land market is expected to perform as well if not better.

Stratos Office Center changes hands

03 February 2016

Tomasz Szpyt-Grzegórski

POLAND GNT Ventures Warszawa has bought Warsaw's Stratos Office Center building from Kulczyk Silverstein Properties.

Investment to reach EUR 2.8 bln in 2016

03 February 2016

RUSSIA Commercial real estate investment volume in Russia is expected to reach app. USD 2.8 bln in 2016, remaining at the same level as last year, according to the latest CBRE report.

Capital Park teams up with Akron to modernise ETC Swarzędz

03 February 2016

POLAND The Capital Park Group and the Akron Group have signed a joint venture agreement for the refurbishment of ETC Swarzędz, the first shopping centre built in Wielkopolska region.

Financing secured for reconstruction of Prudential

Tomasz Szpyt-Grzegórski

POLAND Alior Bank has provided a loan to finance the reconstruction of the first skyscraper in Warsaw – the former Hotel Warszawa and the pre-war Prudential building.

Finep sells two buildings in City West to JV partner

Nathan North
managing editor (English section)

CZECH REPUBLIC Finep Hilding has agreed to sell the C1 and C2 office buildings of its City West complex in Prague's Stodůlky district to its partner in the development, Ungelt Group, for an undisclosed sum.

CPI buys Bondy in Mladá Boleslav

Nathan North
managing editor (English section)

CZECH REPUBLIC CPI Property Group has acquired Bondy, the largest shopping centre in the city of Mladá Boleslav in central Bohemia for an undisclosed sum.

Scandinavians come to Tryton

POLAND Scandinavian IT company Ciklum has leased 1,000 sqm in the the Tryton Business House office building, which is being developed by Echo Investment in Gdańsk.

CCC posts strong results, buys online store

EUROPE Total monthly revenues of the Polish footwear retail group CCC have increased by 36.7 pct y-o-y, to PLN 173.2 mln, in January 2016.

Immofinanz finalizes sale of logistics portfolio

EUROPE Immofinanz has financed the sale of its EUR 536 mln logistics portfolio to Blackstone.

Annopol Business Park sold

01 February 2016

POLAND Hines Poland Sustainable Income Fund (HPSIF) has purchased the Annopol Business Park warehouse and office center in Warsaw from Europejskie Centrum Inwestycyjne (ECI).

Slight improvement in investor sentiment

UKRAINE Commercial real estate investment in Ukraine increased in 2015 to USD 65 mln, from USD 47 mln in 2014, according to DTZ Ukraine.

Echo still in one piece... for now

Tomasz Szpyt-Grzegórski

POLAND At an extraordinary meeting of the shareholders of Echo Investment, the decision was taken not to move forward with plans to sell the residential operations of the company to a separate Echo subsidiary, thus dividing the company.

GTC makes EUR 32 mln acquisition

POLAND GTC has finalised the acquisition of the Pixel office building in Poznań from Garvest Real Estate fund for EUR 32.2 mln.

Construction law major barrier for investors

POLAND Defects in the construction law are among the biggest barriers in the way of direct foreign investment in Poland, claims the latest report by the Polish Information and Foreign Investment Agency (PAIiIZ).

BIK to enter WSE later

28 January 2016

Ewa Andrzejewska

POLAND Biuro Inwestycji Kapitałowych (BIK) has decided to postpone its flotation on the Warsaw trading floor due to unfavourable market conditions.

Transneft buys Evolution Tower

27 January 2016

RUSSIA Oil giant Transneft has bought the Evolution Tower office building in Moscow City. According to CBRE, which included the transaction in its latest office market report, the deal was closed in December.

Estonians buy and sell in Lithuania

27 January 2016

Anna Pakulniewicz

LITHUANIA Eften Real Estate Fund III has acquired the Saulės Miestas shopping centre in Šiauliai.

JLL: Hungarian transactions hit EUR 790 mln

27 January 2016