Investment &amp; finance

CZECH REPUBLIC Segro has completed the EUR 8.4 mln acquisition of a 11,800 sqm warehousing property from Damco Czech Republic, which is a part of the Maersk Group.

Good year for Goodman

14 September 2015

CEE REGION As of the end of the 2015 fiscal year, Goodman’s CEE assets under management have reached 833,000 sqm, up 68 pct on the previous year.

Tender for Bemowo site at Military University of Technology

09 September 2015

Tomasz Szpyt-Grzegórski

POLAND The Military University of Technology (WAT) has invited tenders for the sale of a 5.3 ha site in Warsaw’s Bemowo district.

GTC to raise PLN 0.5 bln from the market

09 September 2015

CEE REGION Warsaw-listed developer GTC plans on issuing over 108 mln Series K shares potenitally worth app. PLN 590 mln in total. The company’s prospectus has been already approved by the Securities Commission and publicized.

Piast to change owner

Ewa Andrzejewska

POLAND Mostostal Zabrze Gliwickie Przedsiębiorstwo Budownictwa Przemysłowego is to sell the Piast hotel as part of the restructuring of the assets of the Mostostal Zabrze group.

Tesco to wind down CEE operations?

Agata Kłapeć

WORLD/ CEE REGION Struggling British grocer Tesco is reportedly considering selling off its CEE business, according to the sources approached by Bloomberg.

New foreign investor could buy Eurocentrum

07 September 2015

Anna Pakulniewicz

POLAND Four buildings in the Eurocentrum office complex in Warsaw are to be sold next year and the Royal Wilanów office building is to be sold by 2018, according to the developer of the projects, Capital Park.

Orbis sells Warsaw plot

07 September 2015

Tomasz Szpyt-Grzegórski

POLAND Orbis has signed a preliminary agreement for the sale of land at ul. Łopuszańska 47 in Warsaw.

Eastern Europe and Asia boost Auchan sales

WORLD In H1 2015, Groupe Auchan has seen a 3.4 pct y-o-y increase in consolidated revenue, to EUR 26.9 bln, mostly driven by the Eastern European and Asian sales.

Yields and investment flat as Ukrainian uncertainty continues

Nathan North
managing editor (English section)

UKRAINE In the first half of 2015, total secondary investment volume on the Ukrainian property market amounted to only around USD 40 mln, according to a report by DTZ.

Nathan North
managing editor (English section)

CPI to sell Živnobanka building to Chinese giant

07 September 2015

CZECH REPUBLIC CPI Property Group has entered into a preliminary agreement to sell to CEFC China Energy Company Limited the historic former Živnobanka (Živnostenská bank) building in Prague.

Eurocentrum up for sale

06 September 2015

POLAND Capital Park has decided to sell the Eurocentrum Office Complex in Warsaw.

Krokus to change hands

03 September 2015

Aneta Cichla

POLAND The Krokus shopping centre in Kraków could be about to be sold, according to information obtained by ‘Eurobuild CEE’.

Rockcastle gets USD 90 mln for Polish malls

03 September 2015

Agata Kłapeć

WORLD Mauritius-registered Rockcastle has raised app. USD 90 mln through the issue of new ordinary shares in a one-day accelerated bookbuild aimed at financing acquisitions, including the recent Polish retail transactions.

Intersport happy with H1

Aneta Cichla

POLAND The Intersport Polska chain of sports goods stores had a successful H1 2015.

Erbud doubles profit

Rafał Ostrowski
journalist

POLAND In the first half of the year the Erbud group enjoyed a 96 pct growth in profit, up to PLN 16.3 mln, compared to the same period last year. In H1 its sales revenue increased from PLN 709.1 mln to PLN 839.1 mln and its EBIT margin from 2.34 pct to 3.06 pct.

Warimpex: No spec projects in Russia, but purchases elsewhere

Anna Pakulniewicz

RUSSIA/POLAND/CZECH REPUBLIC Warimpex is willing to buy projects in Poland and the Czech Republic. It is not pulling out of Russia, but is not going to build speculative projects.

C&W and DTZ merger completed