Investment &amp; finance

POLAND Middle East investors are expected to spend an average of USD 15 bln per year on the real estate market globally, according to the latest research from CBRE.

Direkt Invest Polen malls obtain refinancing

POLAND Hamburg-based Direkt Invest Polen Funds has received a EUR 20 mln loan from MBank and MBank Hipoteczny to refinance its three shopping centres in Poland.

Savarin sold to Crestyl amid controversy

Nathan North
managing editor (English section)

CZECH REPUBLIC The Savarin Palace revitalisation project in the centre of Prague has been bought from Irish property investor Ballymore by local developer Crestyl Group for a reported EUR 83 mln.

Morgan Stanley consortium buys AEW Budapest portfolio

Nathan North
managing editor (English section)

HUNGARY A consortium led by Morgan Stanley Real Estate Investing has purchased a portfolio of properties in Budapest from AEW Europe.

Russian crisis hits Immofinanz

EUROPE Immofinanz is expected to see a EUR 361.4 mln loss in its 2014/2015 financial year, compared to a EUR 72 mln profit made last year, according to the company’s preliminary results.

South African investor targets Eastern European malls

SOUTH AFRICA/ CEE REGION South African development and investment holding Atterbury Group has launched a new business that will focus on the shopping centre investments and retail development opportunities in Europe, and particularly the Eastern European region.

Meyer Bergman wants exclusive ownership

POLAND Meyer Bergman, a co-owner of Galeria Katowicka, aims to take over the remaining shares in the mall from Neinver Polska and the Polish State Railways (PKP), its partners in this project.

DTZ-C&W merger awaits EU decision

WORLD The European Commission is set to review the application for the approval of DTZ’s acquisition of Cushman & Wakefield by the DTZ agency by August 28th.

Union Investment acquires Wrocław hotel

POLAND Union Investment has bought the Radisson Blu hotel in Wrocław from its developer UBM Development.

PZU markets six Polish properties

POLAND Investment fund TFI PZU is putting up for sale four retail properties and two office parks with a total of 68,600 sqm of space.

100 ha Warszawianka plots put up for sale

POLAND Nieruchomości Orange Polska aims to sell two adjacent properties located on ul. Urocza in Warszawianka in the Lesznowola district near Warsaw.

Robyg to build apartments in Ursus

POLAND Development company Robyg has purchased a 5.3-ha plot in Warsaw’s Ursus district to build 980 apartments there.

Czech bank disposes of Prague offices

CZECH REPUBLIC The ČSOB bank has sold its eight-floor 9,410 sqm gla office building located at Na Pankráci 310/60 in the Prague 4 district to CIMEX.

AXA fund hits EUR 2.9 bln

EUROPE AXA Real Estate Investment Managers has raised EUR 2.9 bln at the final close of its latest pan-European real estate debt fund Commercial Real Estate Senior 9.

REINO invests in another Skanska project

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

31 July 2015

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

30 July 2015

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.

ECE shopping mall fund makes first purchase

30 July 2015

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

30 July 2015

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.

‘Emilka’ building put up for sale

29 July 2015