Investment & finance

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Investment & finance

PHN buys 14,000 sqm ABC building in Poznań

schedule 02 July 2015
Rafał Ostrowski
journalist

POLAND Polski Holding Nieruchomości (PHN) has completed the acquisition of the Andersia Business Centre (ABC) office building in Poznań from Von der Heyden Group.

US investors buy EUR 2.9 bln European loans

schedule 02 July 2015
Agata Kłapeć

EUROPE A consortium of J.P. Morgan and Lone Star has purchased Commerzbank’s EUR 2.2 bln European portfolio of both performing and non-performing commercial real estate loans. The portfolio comprises assets in 14 European countries, including Slovakia, the Czech Republic, Hungary and Romania.

Investment & finance

Sales to help Rank Progress regain liquidity

schedule 03 June 2015
Aneta Cichla

POLAND Rank Progress is conducting negotiations on the sale of its retail properties.

Investment & finance

Layetana to spread wings with new partner

schedule 01 July 2015
Tomasz Szpyt-Grzegórski

POLAND Spanish developer Layetana Developments Polska has partnered up with an international private equity investor, Aventicum, as it plans new investments.

LC Corp buys plot for 1,100 apartments

schedule 01 June 2015
Aneta Cichla

POLAND LC Corp has purchased through one of its subsidiaries the perpetual usufruct rights for properties located on ul. Sowińskiego and ul. Człuchowska in Warsaw’s Wola district for PLN 76.2 mln net.

Investment & finance

AERE closes Arkády Pankrác acquisition

schedule 01 July 2015
Rafał Ostrowski
journalist

CZECH REPUBLIC Atrium European Real Estate has finalised its purchase of a 75 pct stake in the Arkády Pankrác shopping centre in Prague from Unibail-Rodamco.

Green Court deal finalized

schedule 01 July 2015
Agata Kłapeć

ROMANIA Globalworth has completed the purchase of the 19,500 sqm Green Court Building A, the first of the three office buildings that form the 52,000 sqm Green Court office complex in Bucharest.

Russian investment market 33 pct down in H1

schedule 30 June 2015
Rafał Ostrowski
journalist

RUSSIA In the first half of the year investment volumes on the Russian real estate market reached USD 1.1 bln, according to research by JLL.

IKEA buys 13.7-ha Bucharest site

schedule 29 June 2015
Agata Kłapeć

ROMANIA Swedish furniture manufacturer and retailer IKEA is set to construct the second Romanian store. The company has just acquired a 13.7-ha land plot on Pallady Boulevard in Bucharest’s District 3.

Investment & finance

Dekpol secures financing for Młoda Morena

schedule 24 June 2015
Aneta Cichla

POLAND Dekpol, the developer of the Młoda Morena residential estate in Gdańsk, has acquired a PLN 49 mln loan from Getin Bank for the construction of the project.

Plaza disposes of yet another Romanian plot

schedule 24 June 2015
Agata Kłapeć

ROMANIA Israeli-financed shopping centre developer Plaza Centers is selling off a 46,500 sqm development site in Iasi to an undisclosed buyer for EUR 7.3 mln.

Bilfinger sheds two more divisions

schedule 24 June 2015
Agata Kłapeć

EUROPE German real estate, engineering and construction company Bilfinger has sold its infrastructure division to the Austrian construction company Porr for app. EUR 20 mln net. Bilfinger also plans on starting a structured selling process for its loss-making power division by the end of this year.

Investment & finance

GE sells Futurum Kolín to CPI for EUR 23 mln

schedule 23 June 2015
Nathan North
managing editor

CZECH REPUBLIC CPI Property Group has acquired the Futurum shopping centre in Kolín.

HB Reavis to develop 120,000 sqm Budapest project

schedule 19 June 2015
Agata Kłapeć

HUNGARY HB Reavis has acquired 3-ha land plots located in Budapest's 13th district. The Slovakia-based developer is set to develop a 120,000 sqm gla office project there in the future.

GTC in Lone Star’s arms

schedule 18 June 2015
Tomasz Szpyt-Grzegórski

POLAND More than half of the Globe Trade Centre (GTC) shares is now owned by the companies that belong to the Lone Star group.

Investment & finance

Echo taken over for more than PLN 1.1 bln

schedule 17 June 2015
Tomasz Szpyt-Grzegórski

POLAND Michał Sołowow has sold his 41.55 pct stake in Kielce-based developer Echo Investment for PLN 1.114 bln (PLN 6.5 per share).

Orbis to issue bonds

schedule 17 June 2015
Aneta Cichla

POLAND Orbis has launched the subscriptions for a bond issue.

Investment & finance

ING to refinance Blue City

schedule 17 June 2015
Tomasz Szpyt-Grzegórski

POLAND ING Bank NV and ING Bank Śląski have provided a loan for the refinancing of the Blue City retail and office complex in Warsaw.

Savills partners up with Chinese investors

schedule 17 June 2015
Agata Kłapeć

WORLD Savills Group’s investment management company, Savills Investment Management, has entered into a joint venture with China Minsheng Investment Capital (CMIC), a part of the Chinese private investment company China Minsheng Investment, to invest in property assets through “a series of funds and investment vehicles” worldwide.

Investment & finance

Colliers spins itself into two

schedule 17 June 2015
Nathan North
managing editor

WORLD Colliers International Group has announced the completion its separation into two independent, publicly traded companies: Colliers International Group Inc. (Colliers) and FirstService Corporation.

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