Investment & finance

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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.

CBRE buys facility management expert for USD 1.48 bln

schedule 01 April 2015
Agata Kłapeć

WORLD Commercial real estate consultancy CBRE is acquiring the Johnson Controls-owned facility and property management company Global Workplace Solutions (GWS) for USD 1.48 bln.

Murapol buys Kraków land again

schedule 01 April 2015
Tomasz Szpyt-Grzegórski

POLAND Bielsko-Biała based developer Murapol is to buy a 2.1 ha plot in Kraków for the construction of a residential estate.

Investment & finance

Dekpol buys Spichrzów Island plot

schedule 01 April 2015
Aneta Cichla

POLAND Dekpol has purchased a plot on ul. Jaglana on Wyspa Spichrzów in Gdańsk from Eco-Classic for PLN 22 mln.

Investment & finance

GTC disposes of Kraków office property

schedule 01 April 2015
Agata Kłapeć

POLAND A fund managed by GLL Real Estate Partners has signed a preliminary agreement on the EUR 42 mln purchase of Globe Trade Centre’s 15,000 sqm Kazimierz Office Center in Kraków’s Kazimierz district.

Wikana aims to stay in the green

schedule 31 March 2015
Aneta Cichla

POLAND Lublin-based development company Wikana plans on increasing its apartment sales, selling off non-core assets – including some shopping centres – as well as reducing the number of development projects and operating costs this year.

Investment & finance

Yareal buys Wola office project

schedule 31 March 2015
Ewa Andrzejewska

POLAND Yareal Polska has acquired from Deka-S-Property Fund No. 1 an office building in Warsaw’s Wola district.

Globalworth completes EUR 90 mln Bucharest deals

schedule 31 March 2015
Agata Kłapeć

ROMANIA Guernsey-registered real estate investment company Globalworth has closed two Romanian office acquisitions: the EUR 43 mln Unicredit Building purchase and the EUR 46 mln Nusco Tower acquisition.

Investment & finance

GTC tries again to issue 140 mln new shares

schedule 31 March 2015
Nathan North
managing editor

CEE REGION Globe Trade Centre is to propose an increase in its share capital to its shareholders and issue up to 140 mln of new shares.

Investment & finance

Futureal sells off another Vision Towers building

schedule 30 March 2015
Agata Kłapeć

HUNGARY Hungarian developer Futureal has sold yet another part of its Vision Towers complex in Budapest to the Austrian Erste Real Estate Fund.

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