Investment & finance

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Investment & finance

CA Immo and O1 to sue Zehetner

schedule 30 March 2015
Nathan North
managing editor

EUROPE The bitter mutual takeover battle between Austrian investor CA Immo and its Russian partner O1 Group on the one side and Austrian investor Immofinanz on the other, has taken a new twist with the announcement that CA Immo and O1 are to take legal action against Immofinanz CEO Eduard Zehetner for “false and misleading statements” made in Austrian publication ‘Profil’.

Investment & finance

Heitman logistics park sold off

schedule 27 March 2015
Agata Kłapeć

ROMANIA Heitman has sold its 34,000 sqm Mercury Logistics Park located near Bucharest. The transaction value was not disclosed.

Investment & finance

Another EUR 300 mln to power European warehouses

schedule 26 March 2015
Tomasz Szpyt-Grzegórski

EUROPE/SINGAPORE/US Singaporean sovereign wealth fund has teamed up with the US property investment manager Exeter Property Group to jointly invest EUR 300 mln into the European warehouse market.

Investment & finance

Two developers buy Kępa Mieszczańska plots

schedule 26 March 2015
Tomasz Szpyt-Grzegórski

POLAND Military Property Agency has announced the results of two tender procedures on the sale of its properties located in Kępa Mieszczańska in Wrocław.

Lokum gets financing for Wrocław estate

schedule 25 March 2015
Tomasz Szpyt-Grzegórski

POLAND Lokum Deweloper has obtained a nearly PLN 22.2 mln loan for the construction of the fifth stage of the Lokum di Trevi residential estate in Wrocław from PKO BP.

Investment & finance

PKP to work with TriGranit again

schedule 25 March 2015
Tomasz Szpyt-Grzegórski

POLAND Polish State Railway (PKP) aims to establish a joint company together with the CEE developer TriGranit. The entity would be involved in the development of a property at ul. Dworcowa 1 in Poznań.

Investment & finance

P.A. Nova to provide three new retail assets

schedule 25 March 2015
Aneta Cichla

POLAND This year the Gliwice-based development company P.A. Nova is planning to open Galeria Galena in Jaworzno and two retail parks: in Krosno and Kamienna Góra.

Carrefour aims to acquire Polish liquor retailer

schedule 24 March 2015
Agata Kłapeć

POLAND Carrefour Poland has submitted an acquisition approval request to the Polish Office of Competition and Consumer Protection (UOKiK) in order to take over a local alcoholic beverages retailer, Galerie Alkoholi.

Investment & finance

Wrocław’s West House 1B changes hands

schedule 23 March 2015
Ewa Andrzejewska

POLAND The West House 1B office building, which was developed by the Archicom group within the West Forum Business Centre complex in Wrocław, has changed its owner. The property was purchased by GNT Ventures Wrocław, a part of the Irish capital group GNT which owns such assets as the Madison shopping centre in Gdańsk and the BPH Office Park complex in Gdańsk.

Investment & finance

Warsaw city hall sells more plots to Ceraco

schedule 23 March 2015
Tomasz Szpyt-Grzegórski

POLAND Warsaw city hall has decided to bypass tender procedure and sell to Ceraco the perpetual usufruct of the plots the development company needed for the construction of an office building located in the city centre. The developer will acquire two small parcels with a combined area of 84 sqm located near ul. Waryńskiego and ul. Polna for PLN 84,000.

Investment & finance

Auchan Polska given green light to sell Reals to Schiever

schedule 23 March 2015
Aneta Cichla

POLAND Auchan Polska has obtained the approval of the Polish Office of Competition and Consumer Protection to sell off eight Real hypermarkets to the French company Anciens Etablissmements Georges Schiever et Fils, which is the dominant entity in the Schiever group.

Immofinanz fires back at unsatisfactory CA Immo bid

schedule 23 March 2015
Agata Kłapeć

EUROPE Immofinanz has made a voluntary partial public offer on the purchase of an up to 29 pct stake in CA Immo. The move comes just a few days after CA Immo and O1 jointly offered to acquire 13.5 pct of the total Immofinanz issued shares for EUR 2.80 per share in a voluntary tender offer, at least EUR 1.20 below Immofinanz’s expectations.

Investment & finance

African investor buys Opole mall, plans extension

schedule 20 March 2015
Tomasz Szpyt-Grzegórski

POLAND/ MAURITIUS Gontar, a subsidiary of the Rockcastle Global Real Estate company which operates in South Africa and Mauritius, has concluded an agreement on the purchase of the Coucal-owned Solaris Centre shopping mall in Opole. The total purchase price for the transaction reached EUR 52 mln at an initial yield of 7.7 pct.

Investment & finance

PKP wins financing for Gliwice station

schedule 20 March 2015
Tomasz Szpyt-Grzegórski

POLAND PKP has signed an app. PLN 81.5 mln contract with the Centre for EU Transport Projects on supplementary financing for the modernization of a railway station in Gliwice.

Investment & finance

Union Investment buys Sarni Stok

schedule 19 March 2015
Rafał Ostrowski
journalist

POLAND Union Investment has acquired the Sarni Stok shopping centre in Bielsko-Biała from CBRE Property Fund Central Europe, which is managed by CBRE Global Investors.

Tristan is starting new EUR 950 mln fund

schedule 17 March 2015
Tomasz Szpyt-Grzegórski

EUROPE London-based real estate investment fund manager Tristan Capital is launching a new EUR 950 mln pan-European value-add fund . So far Tristan raised one third of the targeted equity.

Investment & finance

CBRE GI buys Campus Square from AIG/Lincoln

schedule 17 March 2015
Rafał Ostrowski
journalist

CZECH REPUBLIC A fund managed by CBRE Global Investors has bought the Campus Square retail park in Brno’s Bohunice district from AIG/Lincoln.

MLP looking to double its scale of operations

schedule 17 March 2015
Aneta Cichla

POLAND The value of MLP Group’s assets increased to PLN 557.9 mln at the end of 2014, almost 10 pct more than for the previous year.

CA Immo and O1 raise bid for Immofinanz

schedule 16 March 2015
Agata Kłapeć

EUROPE Vienna-based developer CA Immo and the Russian investment group O1 are willing to buy 13.5 pct of the total Immofinanz issued shares for EUR 2.80 per share in a voluntary tender offer.

C&W boasts record income

schedule 16 March 2015
Rafał Ostrowski
journalist

WORLD Cushman & Wakefield has increased its gross revenue by 14 pct y-o-y to USD 2.85 bln and its net income by 33.3 pct to USD 61.6 mln, according to 2014 financial results.

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Edition 5 (298) May 2025

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