Investment &amp; finance

POLAND Polski Holding Nieruchomości (PHN) has signed preliminary agreements on the sale of two buildings in Warsaw’s Saska Kępa area.

Erbud signs Echo deal

Tomasz Szpyt-Grzegórski

POLAND Erbud will build the first stage of the Dom Pod Wilgą residential estate in Kraków.

Vantage gets loan for Warsaw resi project

Tomasz Szpyt-Grzegórski

POLAND A subsidiary of Vantage Development has been granted an over PLN 84 mln PKO BP loan for the construction of a residential estate in Warsaw’s Służewiec Przemysłowy district.

SPX Flow shifts production to Poland

Agata Kłapeć

EUROPE US-based manufacturer of engineered flow components, process equipment and turn-key systems SPX Flow is set to open an app. 27,800 sqm production facility in Poland’s Bydgoszcz in 2016.

POLAND Archdiocese of Warsaw and the St Barbara parish in central Warsaw have been given permission to take part in a development SPV. As part of the venture, a 170m office skyscraper is planned to be built at the heart of the city centre.

Prague's Harfa refinanced

Eurobuild CEE

CZECH REPUBLIC C&R Developments has signed a five-year EUR 96 mln loan agreement with two banks: Česká spořitelna and Komerční banka to refinance its Harfa mixed-use project in Prague.

Eften fund goes public

Anna Pakulniewicz

ESTONIA Estonian fund manager Eften aims to raise up to EUR 36 mln from an IPO.

Segro posts strong Q3 results

22 October 2015

EUROPE In the third quarter the British-based warehousing developer Segro has contracted GBP 10.6 mln new lease deals, up from GBP 6.5 mln in Q3 2014, the company’s strongest quarterly performance since 2012.

Rogowski Development to buy land in Warsaw

21 October 2015

Ewa Andrzejewska

POLAND Residential developer Rogowski Development has got PLN 15 mln financing for the purchase of plots in Warsaw.

Polimex back on the trading floor

20 October 2015

POLAND On October 14th shares in Polimex-Mostostal company, which had been listed on the Warsaw Stock Exchange since October 1997, has been listed in continuous trading again after suspending trading on October 1st.

RREEF poised to buy Stary Browar

20 October 2015

POLAND RREEF Investment has filed an application to the Office of Competition and Consumer Protection (UOKiK) to acquire the Stary Browar shopping centre in Poznań.

Accor posts healthy Q3 results

20 October 2015

Agata Kłapeć

WORLD In Q3 2015, French hotelier Accor Group has seen a 2.4 pct y-o-y increase in revenues, to EUR 1.49 bln. In terms of like-for-like (LFL) results, the Group’s revenues went up 3.4 pct.

Nathan North
managing editor (English section)

Atrium granted EUR 125 mln loan

19 October 2015

CEE REGION Shopping centre developer, owner and manager Atrium European Real Estate has been granted a five-year unsecured revolving loan for EUR 125 mln from a syndicate of ING Bank, Citibank and HSBC.

Adgar obtains refinancing loans

16 October 2015

POLAND Adgar Poland has been granted a refinancing package by BZ WBK amounting to EUR 75.2 mln. The agreement comprises two loans: the first, taken out for ten years, amounting to EUR 54.3 mln; and the second EUR 20.9 loan taken out for seven years, including EUR 10.5 mln of additional funding.

Fifth building added to Apartments for Rent Fund

16 October 2015

POLAND BGK Nieruchomości has bought its fifth apartment block through the Apartments for Rent Fund. The new acquisition is located on ul. Gen. Pułaskiego in Katowice, with the seller being HM Inwest.

Hillwood becomes co-owner of 7R warehouses

16 October 2015

POLAND Hillwood Europe, the investment division of an American fund Hillwood Investment Properties for Europe, has become the co-owner of three warehouses located in Gdańsk-Kowale.

Redan sees higher turnover

15 October 2015

Tomasz Szpyt-Grzegórski

POLAND The turnover of Redan Group rose by 8 pct to PLN 45 mln in September, compared to the same month last year.

Rockspring raises EUR 217.5 mln for new fund

15 October 2015

Eurobuild CEE

EUROPE UK-based fund manager Rockspring Property Investment Managers has closed the first round of the Rockspring TransEuropean VI fund raising at EUR 217.5 mln.

BGŻ BNP Paribas Bank to sell property portfolio

14 October 2015

POLAND BGŻ BNP Paribas Bank, through the agency of the group’s consultancy wing BNP Paribas Real Estate, is selling a real estate portfolio of 25 buildings located in Warsaw, Wrocław and Poznań.