POLAND In accordance with the announcement from two days ago, Polnord has today issued unsecured MB2-series bonds for a total amount of PLN 20 mln.
RUSSIA Immofinanz is about to sell its EUR 1.1 bln portfolio of shopping centres in Moscow. “Since the Russian properties have distinct market characteristics and a different risk profile than the remainder of the portfolio, Immofinanz plans either to sell or spin off the Moscow shopping centres,” the company stated in its recent 2015/2016 annual report.
POLAND Upper Finance has raised PLN 5 mln through the issue of three-year bearer bonds for a company from the 7R Logistic capital group. This is the third issue from which 7R Logistic has acquired funds. The money will make it possible to expand the Kraków-Kokotów logistics park that was launched in December 2015.
POLAND Polnord has issued unsecured O-series bonds as part of a private issue. They are worth PLN 20 mln and were all taken up by two financial institutions.
BULGARIA This year’s total transactions volume should surpass the 2015 level.
Investment & finance
EUROPE Immofinanz has completed the purchase of 25,690,163 bearer shares, representing 26 pct stake in CA Immobilien Anlagen from Terim Limited (Cyprus) and four registered shares of CA Immo from O1 Group Limited (Cyprus). The closing took place today, on Tuesday, August 2nd, 2016.
POLAND Lokum Deweloper has carried out a private issue of three-year C-series bonds with a total nominal value of PLN 40 mln.
Investment & finance
THE WORLD AccorHotels group has finalised the acquisition of FRHI Hotels & Resorts and three brands of luxury hotels owned by the company, Fairmont, Raffles and Swissôtel, in a transaction Eurobuild has previously published information on, in December 2015.
WORLD CBRE Group recorded a 34 pct revenue increase (35 pct in local currency) to USD 3.2 bln in Q2 2016.
CE REGION Immofinanz recorded net loss of EUR 390.4 mln for the 2015/16 financial year (2014/15: a loss of EUR 376.6 mln).
Investment & finance
LATVIA Baltic Horizon has signed a binding agreement to acquire the Upmala Biroji office building from Bauplan Nord in Riga.
POLAND The European Investment Bank (EIB) is lending PLN 250 mln (app. EUR 59 mln) to finance municipal infrastructure projects in Zielona Góra in western Poland.
Investment & finance
POLAND Valad Europe in partnership with funds managed by Oaktree Capital Management has acquired the Wiśniowy Business Park (buildings ‘C’, ‘D’, ‘E’ and ‘F’) in Warsaw for an undisclosed sum.
Investment & finance
POLAND Deutsche Hypothekenbank as the sole lender is providing a loan for the purchase of the Prime Corporate Center office building in Warsaw.
POLAND Tower Investments has listed on Warsaw’s NewConnect stock exchange and is now planning new projects.
POLAND Marvipol has issued a stock exchange announcement for the purchase of the perpetual usufruct right of a 0.88 ha plot in Warsaw’s Praga-Południe district.
Investment & finance
POLAND Echo Polska Properties (EPP), which is jointly owned by Echo Investment and South Africa’s Redefine Properties, is aiming to list on the Luxembourg Stock Exchange (LuxSE) in August 2016 followed by a listing on the Johannesburg Stock Exchange (JSE) in September 2016.
CEE REGION/POLAND According to JLL, the volume of real estate investment transactions concluded across Central and Eastern Europe (excluding Russia) in H1 2016 amounted to app. EUR 5.1 bln, with Poland accounting for EUR 2.07 bln of the total, followed by the Czech Republic (EUR 950 mln), Hungary (EUR 910 mln), Romania (EUR 340 mln) and Slovakia (EUR 310 mln). The remaining SEE markets registered EUR 540 mln in finalised deals.
POLAND Unibep has issued D-series bonds with a total value of PLN 30 mln.
Investment & finance
SLOVAKIA Tatra Banka has granted a EUR 250 mln syndicated loan to refinance the Eurovea multifunctional complex in Bratislava – the largest real estate loan in the history of the Slovakian market.
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October 2026