POLAND Invesco Real Estate has sold the Raiffeisen Business Center office building at ul. Piekna 20 in Warsaw to Griffin Real Estate.
UNITED STATES CBRE Group has acquired Forum Analytics, a US provider of modeling and mapping solutions that help retailers in planning location strategies.
HUNGARY Warsaw-listed developer GTC has acquired the 31,500 sqm Duna Tower office building in Budapest.
POLAND “In the first three quarters of 2015, Carrefour has consistently implemented its goals in Poland in each of its formats,” claims Ronan Martin, the vice-president of the board at Carrefour Polska responsible for expansion and shopping centres.
RUSSIA Vienna-based real estate investment and development company Warimpex Finanz- und Beteiligungs has sold its 60 pct stake in two hotels at Koltsovo International Airport in Yekaterinburg to a private investor.
WORLD Marriott International and Starwood Hotels & Resorts Worldwide have announced that the boards of directors of both companies have unanimously approved a definitive merger agreement. The acquisition will create the world’s largest hotel conglomerate.
CZECH REPUBLIC CPI Property Group has finalised the sale of the historic former Živnobanka building in Prague to CEFC China Energy Company Limited.
POLAND I2 Development has obtained a loan of PLN 114 mln for the financing of its flagship project – Bulwar Staromiejski in Wrocław.
EUROPE Stockholm-based investment group Kinnevik has sold its Polish agricultural business Rolnyvik, which takes up 6,700 ha of land, to an unnamed Polish agricultural company for app. EUR 43 mln.
CZECH REPUBLIC The Olbrachtova 9 office building (also known as Raiffeisen Centrum) in Prague 4 has been sold district to a local property fund represented by Mint Investments.
CZECH REPUBLIC Triuva Kapitalverwaltungsgesellschaft, formerly IVG Institutional Funds, has completed the sale of City Point – an 8,000 sqm class ‘A’ office building in Pankrác (Prague 4) to a large European institution.
EUROPE Aareal Bank Group has raised the forecast of its results for 2015, which give a projected consolidated operating profit of between EUR 450 mln and EUR 460 mln instead of EUR 400 mln to EUR 430 mln as previously predicted.
ROMANIA Skanska Romania has sold an office building which forms part of the three-building Green Court Bucharest complex to the Guernsey-registered investment company Globalworth for EUR 47 mln.
POLAND In the first three quarters of 2015, Ronson Europe sold 658 apartments – 16 pct more than in the same period last year, when 565 apartments found buyers.
LITHUANIA Synergy Finance is to set up another fund to invest in commercial real estate.
POLAND RREEF Investment, which is owned by Deutsche Bank, has been given the go-ahead for the acquisition of the Stary Browar shopping centre in Poznań by the Office of Competition and Consumer Protection (UOKiK).
POLAND An economic zone with an area equalling 30 football pitches has been opened on ul. Dąbrowa Miejska in Bytom.
POLAND Pekao bank has provided the finance for the acquisition of the five-star Sheraton Warsaw hotel. Lawyers from the banking and finance team of the Dentons law office advised the bank for the loan, which was closed on October 28th 2015.
CEE REGION The Central European Industrial Fund (CEIF), which is managed by Valad Europe and Aviva Investors, could see a change of ownership.
CE REGION Investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania accelerated significantly in the third quarter, with over EUR 1.8 bln invested, compared to EUR 889 mln in the previous quarter, according to Cushman & Wakefield.
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