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Investment & finance

Orco to get less for Złota

schedule 15 January 2015
Tomasz Szpyt-Grzegórski

POLAND Orco Property Group has informed that its earnings from the sale of the Złota 44 luxury apartment building in Warsaw to BBI Development and the US fund Amstar Global Partners will be in fact EUR 13 mln lower due to the claims made by the building’s general contractor, Inso.

Investment & finance

Hines acquires Warsaw’s Sky Office Center

schedule 14 January 2015
Agata Kłapeć

POLAND Luxembourg-based Hines Poland Sustainable Income Fund (HPSIF), which is managed by the US property investor Hines, has acquired the Sky Office Center office building in Warsaw from the 5th Avenue Holding.

Investment & finance

Segro buys 10-ha Tychy site

schedule 14 January 2015
Eurobuild CEE

POLAND Warehouse owner, asset manager and developer Segro has acquired a 10-ha land plot in Tychy to build over 40,000 sqm of new production and warehousing space.

Małpka exits Czerwona Torebka

schedule 13 January 2015
Tomasz Szpyt-Grzegórski

POLAND Czerwona Torebka is selling off the Małpka Express grocery chain to its minority shareholder.

Investment & finance

Military Residential Agency buys Marvipol apartments

schedule 13 January 2015
Tomasz Szpyt-Grzegórski

POLAND Marvipol has sold 47 apartments spread across its three residential projects in Warsaw to the Military Residential Agency (WAM) in an over PLN 28.2 mln deal.

Investment & finance

PKP sets up development company

schedule 08 January 2015
Tomasz Szpyt-Grzegórski

POLAND PKP has launched Xcity Investment, an entity responsible for coordinating development projects on the land plots owned by PKP. The number of the developable PKP plots is estimated at 130.

Investment & finance

Griffin swallows up entire ‘Serek’

schedule 12 January 2015
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has acquired a 0.8-ha land plot located at the junction of ul. Towarowa and ul. Wolska in Warsaw, the rest of the so-called ‘Serek Wolski’ area it owns. Now the company plans on developing a large mix-use project jointly with Skanska Property Poland in this location.

Investment & finance

Dekpol debuts on Warsaw Stock Exchange

schedule 12 January 2015
Aneta Cichla

POLAND Polish construction and development company Dekpol has debuted on the Warsaw Stock Exchange. The funds raised from the public offering are to be invested in three main areas Dekpol operates in: construction, development and construction equipment manufacturing.

OKRE has new Belgian shareholder

schedule 09 January 2015
Aneta Cichla

POLAND Development company OKRE Development is changing its ownership structure. The company’s two current shareholders, the Belgian firms Koramic Real Estate and Otreco, have been joined by another Belgian entity, Futurn.

Soho gets financing

schedule 09 January 2015
Tomasz Szpyt-Grzegórski

POLAND Black Lion Fund-owned Soho Tetris has been granted a 39 PLN mln loan for another building within Warsaw’s Soho Factory by Getin Noble Bank.

Poland among top five emerging investment markets

schedule 09 January 2015
Agata Kłapeć

WORLD Poland, the largest CEE market, has been ranked among the top five emerging foreign real estate investment destinations, following such economies as Brazil, China, Mexico and Chile, according to the 23rd annual taken among the members of the US-based Association of Foreign Investors in Real Estate (AFIRE).

Investment & finance

Griffin fuels up on Towarowa

schedule 08 January 2015
Tomasz Szpyt-Grzegórski

POLAND Griffin Group has attained its plan. The company purchased a plot with an area of 0.6-ha at ul. Towarowa 20 in Warsaw. It currently includes a Statoil petrol station.

Investment & finance

Skanska takes over Hochtief office project

schedule 08 January 2015
Agata Kłapeć

CZECH REPUBLIC Skanska Property Czech Republic has acquired a Hochtief Development office project that was scheduled to provide a 10,500 sqm office building in Prague’s Anděl-Smíchov business district (Prague 5), Five!.

Investment & finance

Neinver partners with American retirement provider

schedule 07 January 2015
Tomasz Szpyt-Grzegórski

EUROPE/POLAND Neinver and TIAA Henderson Real Estate (TH Real Estate), on behalf of the New York-based Teachers Insurance and Annuity Association–College Retirement Equities Fund (TIAA–CREF) have set up a joint venture company to specialise in the development of outlet centres across Europe.

Investment & finance

Serenada financing secured

schedule 07 January 2015
Aneta Cichla

POLAND Developer Mayland Real Estate and its investment partner Foncière Euris have signed an agreement with a consortium of Pekao and Bank Zachodni WBK banks for a EUR 95 mln loan for the construction of the Serenada shopping centre in Kraków.

Investment & finance

Orco sells MaMaison hotels stake to CPI

schedule 29 December 2014
Nathan North
deputy editor

CEE REGION Orco Property Group has announced the sale of its shares in Hospitality Invest (HI), the owner of the MaMaison network of boutique hotels, to CPI Property Group.

Orco buys more land in Prague and Brno

schedule 29 December 2014
Nathan North
deputy editor

CZECH REPUBLIC Orco Property Group has acquired two development projects, one in Prague and the other Brno.

Investment & finance

NEPI buys Aupark Košice complex for EUR 165 mln

schedule 29 December 2014
Nathan North
deputy editor

SLOVAKIA HB Reavis Group has announced the sale of its Aupark Košice shopping centre together with the adjacent Aupark Office Tower to South African property investor New Europe Property Investments (NEPI).

GTC continues to grow

schedule 14 November 2014
Aneta Cichla

CEE REGION In the first nine months of 2014, GTC’s rental and services revenues have reached EUR 82 mln as compared with EUR 83 mln earned last year (EUR 27 mln in Q3 2014 vs EUR 28 mln in Q3 2013), while the company’s margin on rental activities stood at 74 pct (75 pct in Q3 alone).

Investment & finance

Banks to provide PLN 500 mln for Q22

schedule 24 November 2014
Tomasz Szpyt-Grzegórski

POLAND Kielce-based developer Echo Investment has concluded a EUR 116 mln (PLN 500 mln) agreement with two banks, Bank Zachodni WBK and PKO BP, to finance the construction of the Q22 office building in Warsaw.

Edition 11 (293) November 2024

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