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Interest continues to grow for industrial plots - CBRE

schedule 10 April 2015
Nathan North
deputy editor

POLAND The investment land market in Poland is currently stable, but demand for the best locations is continuing to grow – according to the ‘ViewPoint Land Market in Poland 2015’ report just published by CBRE.

Investment & finance

Bucharest office project gets EUR 30 mln loan

schedule 09 April 2015
Agata Kłapeć

ROMANIA JLL has helped to secure EUR 30 mln financing for Atenor Group’s Hermes Business Campus office complex in Bucharest. The funds were provided by a local bank.

Echo secures plots for construction of DIY store

schedule 09 April 2015
Aneta Cichla

POLAND Echo Investment, which is developing Galeria Sudecka in Jelenia Góra, purchased a property which is located north-east of the newly-built centre.

Deflation “not so bad” (for tenants)

schedule 09 April 2015
Aneta Cichla

POLAND Deflation could have an influence on rent rates. In combination with the increasing supply of new commercial space it could contribute to the strengthening of the position of tenants in rent negotiations.

Wawel Service raises PLN 11 mln for land purchases

schedule 09 April 2015
Aneta Cichla

POLAND The Wawel Service group has completed a PLN 11 mln bond issue.

Investment & finance

Cooperation on Spichrzów Island sealed

schedule 09 April 2015
Aneta Cichla

POLAND Representatives of the city of Gdańsk and of the consortium of Immobel and Multibud W. Ciurzyński have signed a public private partnership agreement for the development of the northern tip of the Wyspa Spichrzów island in the city – a project that has already been announced.

Immofinanz board warns shareholders of CA Immo/O1 bid

schedule 09 April 2015
Nathan North
deputy editor

EUROPE Immofinanz’s executive board has recommended non-acceptance of CA Immo/O1’s partial public offer of EUR 2.80 per Immofinanz share, claiming that this is “not in the interests of all shareholders.”

HB Reavis raises EUR 40 mln

schedule 09 April 2015
Nathan North
deputy editor

SLOVAKIA HB Reavis Group has closed its first transaction of unsecured bond issue in Slovakia by raising EUR 40 mln.

Robyg shareholders sell up

schedule 08 April 2015
Aneta Cichla

POLAND A total of more than 20 pct of Robyg’s shares have been sold by Nanette Real Estate Group and Lbpol William II.

Budimex plans new Gdańsk project

schedule 08 April 2015
Tomasz Szpyt-Grzegórski

POLAND Budimex Nieruchomości has purchased an undeveloped 5.1 ha plot on ul. Jana Pawła II in Gdańsk for a net price of EUR 11.4 mln (PLN 46.4 mln) from its own equity.

Investment & finance

Polnord sells more and reduces debt

schedule 08 April 2015
Aneta Cichla

POLAND Polnord finished Q1 2015 with a 12 pct increase in sales of apartments compared to the same period in 2014.

Investment & finance

Investors more risk averse in CEE

schedule 07 April 2015
Agata Kłapeć

EUROPE 40 pct of EMEA investors will be looking to take more risk in 2015 than in 2014, while 9 pct of them assess their appetite as lower than last year. However, their higher risk tolerance doesn’t seem to spill over to the central part of Europe, says CBRE in its “Investor Intentions Survey 2015” report.

Investment & finance

Wikana puts retail portfolio up for sale

schedule 07 April 2015
Aneta Cichla

POLAND Robert Pydzik, the president of the board of developer Wikana, has announced that in line with its current strategy the company intends to sell its retail portfolio.

Investment & finance

PLN 1.5 bln to revitalise Praga

schedule 03 April 2015
Tomasz Szpyt-Grzegórski

POLAND Warsaw city council has announced that app. PLN 1.5 bln has been designated for the revitalisation of Warsaw’s right-bank.

Investment & finance

Klépierre posts income slide, swallows Corio

schedule 03 April 2015
Agata Kłapeć

EUROPE Pan-European shopping centre operator Klépierre, which runs 22 malls across the CEE region, has officially completed the EUR 7.2 bln acquisition of app. 60 shopping malls owned by a Western European retail developer, Corio.

Investment & finance

CPI revenues up 44 pct

schedule 03 April 2015
Agata Kłapeć

EUROPE It is last financial year, the investment and development company CPI Property Group has recorded a 24 pct y-o-y net rental income increase, to EUR 187 mln. The holding’s total revenues climbed to EUR 269 mln, a 44 pct y-o-y surge.

Investment & finance

Skanska finalizes Green Horizon deal

schedule 02 April 2015
Agata Kłapeć

POLAND Skanska Property Poland has finalized the sale of its two-building Green Horizon office complex in Łódź which was acquired by a Griffin Real Estate-managed fund for EUR 66 mln.

Investment & finance

Capital Park hoping to start Norblin project this year

schedule 03 April 2015
Anna Pakulniewicz

POLAND Capital Park is aiming to increase its revenue from leasing in 2015, as well as to start the construction of the ArtN project by the end of the year.

Investment & finance

Warsaw’s Universal sold again

schedule 02 April 2015
Tomasz Szpyt-Grzegórski

POLAND Commerz Real has bought Warsaw’s Universal office building and right of perpetual usufruct for the land plot which houses the project from S+B Gruppe AG. The buyer plans on developing a EUR 95 mln mixed-use project in that place.

Xcity chooses Archicom in Wrocław

schedule 02 April 2015
Ewa Andrzejewska

POLAND Archicom Invest has been chosen by Xcity Investment for further negotiations over the implementation of the Wrocław Świebodzki project. The partners are to revitalise the historic building of the Świebodzki railway station and commercially develop the surrounding area. They also plan to return railway traffic to the station.

Edition 11 (293) November 2024

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