Investment & finance

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Investment & finance

REINO invests in another Skanska project

schedule 03 August 2015
Agata Kłapeć

POLAND Skanska has sold its first office development project in Poznań, Malta House, for EUR 38 mln. The buyer is a joint venture between two investment vehicles managed by the Polish fund manager REINO, REINO Dywidenda 2 FIZ and REINO Dywidenda, and a fund managed by the CEE fund manager Bluehouse Capital.

CBRE sees 11 pct revenue growth

schedule 31 July 2015
Rafał Ostrowski
journalist

WORLD In the first half of the year, the real estate consultancy CBRE has registered a 11 pct y-o-y increase in revenues, to USD 4.4 bln.

Acciona explores options including sale

schedule 30 July 2015
Agata Kłapeć

WORLD Spanish construction, energy and development group Acciona is seeking for opportunities to monetize its real estate business, Acciona Inmobiliaria, through an IPO or a strategic partnership.

Investment & finance

ECE shopping mall fund makes first purchase

schedule 30 July 2015
Eurobuild CEE

EUROPE The ECE European Prime Shopping Centre Fund II has acquired the Stern-Center shopping mall in Lüdenscheid in the German state of North-Rhine Westphalia. The property is the first shopping center in the fund’s portfolio.

More than PLN 4 bln secured for affordable housing

schedule 30 July 2015
Aneta Cichla

POLAND The governmental financing programme for affordable housing is most likely to be launched this year. The Polish parliament has adopted a draft of the amendment to the act on some forms of residential construction support.

Investment & finance

‘Emilka’ building put up for sale

schedule 29 July 2015
Aneta Cichla

POLAND Griffin Real Estate, the owner of the iconic Emilia building on ul. Emilii Plater in Warsaw, is putting the structure on sale. The investor has already started the tendering procedure, raising more questions about the building’s future demolition.

Investment & finance

3,200 ha land sale transaction signed

schedule 29 July 2015
Eurobuild CEE

POLAND Agro Brusno has sold a total of 3,200 ha of agricultural land plots spread across several boroughs around Połczyn-Zdrój in Poland’s West Pomeranian province to an unnamed buyer.

Investment & finance

Invesco disposes of Czech mall

schedule 27 July 2015
Agata Kłapeć

CZECH REPUBLIC Invesco Real Estate has sold off its app. 18,000 sqm Varyada shopping centre in Karlovy Vary to European Property Group, which plans on enlarging the asset nearly twofold.

JHM Development buys land for 120-flat project

schedule 24 July 2015
Aneta Cichla

POLAND JHM Development, a Mirbud subsidiary, has signed a preliminary conditional purchase agreement for an app. 6,600 sqm investment plot located on ul. Reymonta in Skierniewice. The contract is to be ultimately concluded by the end of September.

Investment & finance

Pizza Hut, Starbucks operator to change ownership

schedule 24 July 2015
Agata Kłapeć

CEE REGION US-based private equity firm Warburg Pincus is set to sell off its 31.71 pct majority stake in the Wrocław-based fast-food restaurant operator Amrest.

Investment & finance

Lithuanian developer leaves Russia

schedule 24 July 2015
Anna Pakulniewicz

LITHUANIA/RUSSIA Panevėžio Statybos Trestas (PST) is to withdraw from the Russian real estate market, according to the vz.lt online portal.

Investment & finance

Second stage of Ideal Idea III sold

schedule 23 July 2015
Aneta Cichla

POLAND Development company Ideal Idea Formad has sold the second stage of Warsaw’s 10,000 sqm Ideal Idea Park III warehouse complex to a BPH TF subsidiary for EUR 12.5 mln.

Investment & finance

Polish History Museum underway

schedule 23 July 2015
Aneta Cichla

POLAND Polish government has adopted a resolution on the construction of the Polish History Museum that is set to be erected in Warsaw.

Investment & finance

Prologis sheds part of Wrocław portfolio

schedule 22 July 2015
Agata Kłapeć

EUROPE Norway's sovereign wealth fund manager Norges Bank Investment Management has acquired a 50 pct stake in a EUR 310 mln logistics portfolio of eight buildings in Poland, the UK and France through a joint venture with their sole owner, Prologis.

Investment & finance

EIB lends EUR 800 mln for Polish expressways

schedule 21 July 2015
Agata Kłapeć

POLAND The European Investment Bank (EIB) has granted EUR 800 mln (PLN 3.4 bln) loans to the state-owned Bank Gospodarstwa Krajowego (BGK) to help finance the construction of the Warsaw ring road and an expressway in Western Poland.

Investment & finance

Hubertus gets financing

schedule 21 July 2015
Aneta Cichla

POLAND Home Broker Business has been commissioned by Eco-Classic, the developer of Osiedle Hubertus inWarsaw’s Mokotów district, to secure financing and refinancing for the construction of the project.

Investment & finance

AFI Park nears completion

schedule 20 July 2015
Eurobuild CEE

ROMANIA AFI Europe has signed a EUR 39 mln loan agreement with Bank Leumi Romania in order to power the development of two office buildings which are currently being constructed within Bucharest’s AFI Park office complex

Investment & finance

Hines buys another Moscow building

schedule 17 July 2015
Rafał Ostrowski
journalist

RUSSIA Hines has acquired the third office building of the Metropolis mixed-use office complex in Moscow.

Hines Poland Sustainable Income Fund achieves final closing

schedule 17 July 2015
Rafał Ostrowski
journalist

POLAND Hines Poland Sustainable Income Fund has achieved its final closing with a total capital commitment of EUR 155 mln.

Investment & finance

Mayland finds buyer for Gdynia’s Riviera

schedule 16 July 2015
Aneta Cichla

POLAND Foncière Euris and Rallye have signed a preliminary agreement with Union Investment Real Estate on the sale of the Riviera shopping mall in Gdynia.

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