Investment & finance

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Pbb Deutsche Pfandbriefbank to float shares on FWB

schedule 12 June 2015
Agata Kłapeć

EUROPE Pbb Deutsche Pfandbriefbank is planning a listing on the prime standard segment of the Frankfurt Stock Exchange (FWB) in July.

Remodeled Westgate Park Rudna sold

schedule 11 June 2015
Agata Kłapeć

THE CZECH REPUBLIC London-based fund manager Europa Capital has sold its 90,000 sqm Westgate Park Rudna logistics project near Prague to Prologis.

Investment & finance

Project Echo: mission almost accomplished

schedule 11 June 2015
Anna Pakulniewicz

POLAND Polish developer Echo Investment been officially taken over.

Investment & finance

PHN buys and leases Kaskada

schedule 11 June 2015
Tomasz Szpyt-Grzegórski

POLAND Polski Holding Nieruchomości (PHN) has bought a section of the Kaskada office building in central Warsaw from Bank Ochrony Środowiska (BOŚ).

Griffin wins and loses over Łazienki barracks plot

schedule 11 June 2015
Tomasz Szpyt-Grzegórski

POLAND The Warsaw appeals court has upheld a decision of the city council to rescind Griffin Real Estate’s perpetual usufruct rights for a plot neighbouring Łazienki Park, while the site development conditions for the land were also annulled by the administrative court.

Investment & finance

Polnord launches bond issue

schedule 10 June 2015
Tomasz Szpyt-Grzegórski

POLAND Residential developer Polnord has floated bonds worth PLN 50 mln as part of a bond issue programme of up to PLN 100 mln.

Investment & finance

Home Broker Business secures finance for KDP Group

schedule 09 June 2015
Aneta Cichla

POLAND Home Broker Business has negotiated PLN 23 mln in financing for developer KDP Group for the Huculska 5 residential project in Warsaw’s Mokotów district.

Europa Capital sells Wawer land plot

schedule 08 June 2015
Eurobuild CEE

POLAND British private equity fund manager Europa Capital has sold off a 25,975 sqm site in Warsaw’s Wawer district to a Polish residential developer, Eko Developments Polska.

Investment & finance

Yareal works on Nowogrodzka Square

schedule 08 June 2015
Ewa Andrzejewska

POLAND Yareal Polska is developing Nowogrodzka Square, a 11,000 sqm gla office building, which is to be erected between Al. Jerozolimskie and ul. Nowogrodzka in Warsaw. The construction work on the project is scheduled to start in Q4 2015 and last for app. 18 months.

Second Ghelamco bond issue

schedule 05 June 2015
Aneta Cichla

POLAND Ghelamco is starting subscriptions for the second issue of bonds for individual investors in the company’s history.

Erbud to pay out 2014 dividend

schedule 03 June 2015
Aneta Cichla

POLAND Polish construction company Erbud has decided to pay dividend for 2014 to its shareholders.

Investment & finance

Atal to debut on Warsaw Stock Exchange

schedule 02 June 2015
Aneta Cichla

POLAND Atal will become listed on the Warsaw Stock Exchange in mid-June. The development company aims to raise app. PLN 160 mln for financing its investments this way.

Łódź revitalization strategy comes into force

schedule 01 June 2015
Aneta Cichla

POLAND Łódź’s City Council has adopted the updated “New Centre of Łódź” programme which assumes the economic, social as well as functional and spatial revitalization of the city’s centre by 2030.

Aareal Bank Group completes WestImmo acquisition

schedule 01 June 2015
Rafał Ostrowski
journalist

EUROPE Aareal Bank Group has completed the acquisition of all the Westdeutsche ImmobilienBank AG (WestImmo) shares.

Investment & finance

Kazimierz Office Center sold

schedule 29 May 2015
Tomasz Szpyt-Grzegórski

POLAND Globe Trade Centre has signed a final agreement on the EUR 42 mln sale of Kazimierz Office Center, the developer informed.

Americans shopping in the CEE region

schedule 29 May 2015
Rafał Ostrowski
journalist

CEE REGION Lone Star Real Estate Fund III has bought a portfolio of ten commercial assets in Central and Eastern Europe from a fund owned by Aviva Investors Central European Property Fund for app. EUR 185 mln.

Investment & finance

Raiffeisen Polbank to finance new Karuzela

schedule 29 May 2015
Aneta Cichla

POLAND Raiffeisen Polbank has granted a loan to the investor of the Karuzela shopping centre that is currently being developed in Września.

Lone Star increases share in GTC

schedule 28 May 2015
Aneta Cichla

POLAND Subscriptions are now taking place for the sale of the Globe Trade Centre (GTC) shares after a call announced by Lone Star, which is the company’s majority shareholder.

Investment & finance

Echo aims to start 17 projects this year

schedule 27 May 2015
Tomasz Szpyt-Grzegórski

POLAND Kielce-based developer Echo Investment intends to launch 17 new project this year, investing mainly in the residential and office sectors. The plans include three retail developments.

Investment & finance

HB Reavis grows strong in CEE

schedule 27 May 2015
Aneta Cichla

CEE REGION In 2014 HB Reavis Group generated a EUR 89 mln consolidated net profit, which accounted for a 26 pct y-o-y growth. At the same time the company recorded a 29 pct increase in operating profit, to EUR 132.6 mln, while its total assets increased by 18 pct, to EUR 1.8 bln and total shareholder equity reached EUR 933 mln.

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