Investment & finance

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Russia and Hungary among IKEA’s fastest growing markets

schedule 28 January 2015
Agata Kłapeć

CEE REGION In its last financial year, the Swedish furniture retailer and shopping centre developer IKEA Group has seen a 5.9 pct increase in sales, while registering 270 mln visits to its 14 Russian shopping centres and over 700 mln visits to its 315 IKEA stores worldwide.

Bankrupt developer sells Poznań plot

schedule 28 January 2015
Agata Kłapeć

POLAND Bankruptcy trustee of the Kostrzyn-based developer PBO Anioła has sold a Poznań land plot together with the perpetual usufruct rights to the property to Terra Haus.

CEE investment rose almost by a third

schedule 28 January 2015
Rafał Ostrowski
journalist

CEE REGION Commercial real estate investment in Central and Eastern Europe excluding Russia reached just over EUR 7.7 bln in 2014, according to research by CBRE.

Investment & finance

GTC gets financing for Fortyone

schedule 28 January 2015
Agata Kłapeć

SERBIA GTC Serbia has signed a EUR 9,5 mln construction loan agreement with Raiffeisen Bank to finance the first stage of its Fortyone office project that is currently being developed in Belgrade.

Investment & finance

Military Property Agency puts Kraków plots up for sale

schedule 28 January 2015
Tomasz Szpyt-Grzegórski

POLAND The Military Property Agency (AMW) has put some of the most attractive investment plots in Kraków up for sale.

Investment & finance

Cromwell takes over Valad

schedule 27 January 2015
Nathan North
managing editor

EUROPE Australian fund manager Cromwell Property Group has today announced the acquisition of pan-European property fund manager Valad Europe for EUR 145 mln.

Investment & finance

European investment to hit record levels in 2015

schedule 27 January 2015
Rafał Ostrowski
journalist

EUROPE Commercial real estate European investment volumes are set to reach record levels in 2015, fueled by the European Central Bank’s quantitative easing programme.

Special zones thriving

schedule 26 January 2015
Aneta Cichla

POLAND The Suwałki Special Economic Zone issued 16 permits for business operations last year

Dekpol extends land bank in Gdańsk

schedule 26 January 2015
Aneta Cichla

POLAND Construction and development company Dekpol has concluded a conditional agreement with Jaglana 3-5 for the purchase of the perpetual usufruct of a plot on ul. Jaglana in Gdańsk.

Investment & finance

AEW buys Panattoni Prague Airport for EUR 150 mln

schedule 26 January 2015
Nathan North
managing editor

CZECH REPUBLIC AEW Europe has acquired the 255,000 sqm Panattoni Park Prague Airport logistics complex close to the city’s Václav Havel Airport for its Logistis fund for EUR 150 mln.

Kleba Invest to develop Białogard project

schedule 26 January 2015
Tomasz Szpyt-Grzegórski

POLAND KI Projekt 5, a subsidiary of Kleba Invest, has purchased a plot in Białogard. The PLN 2.75 mln net property will houses a retail and service facility.

Investment & finance

BPT sells Warsaw and Gdynia buildings

schedule 23 January 2015
Nathan North
managing editor

POLAND BPT Optima has sold two buildings from its Polish office real estate portfolio to the Octava FIZAN investment fund: the Obrzeżna Building in Warsaw and the Baltic Business Center in Gdynia.

Investment & finance

Gliwice to sell A1/A4 land

schedule 23 January 2015
Aneta Cichla

POLAND Gliwice city council has invited tenders for the purchase of a plot at the interchange of the A1 and A4 motorways.

Investment & finance

GTC: down EUR 132 mln in three months

schedule 23 January 2015
Tomasz Szpyt-Grzegórski

CEE REGION The management board of Globe Trade Centre (GTC) has informed that the fair value of GTC’s property portfolio which is to be included in the company’s financial report for 2014 (ended December 31st, 2014) would be app. EUR 132 mln lower than the value indicated in the financial statement published at the end of September 2014.

Investment & finance

Colliers to manage Warsaw’s Metropolitan

schedule 23 January 2015
Agata Kłapeć

POLAND Deutsche Asset & Wealth Management-owned and Cushman & Wakefield-managed Metropolitan, a 38,000 sqm gla office building in central Warsaw, will now be managed by Colliers International.

Investment & finance

Atrium agrees to buy Arkády Pankrác

schedule 22 January 2015
Nathan North
managing editor

CZECH REPUBLIC Atrium European Real Estate Limited has signed an agreement to acquire a 75 pct stake in the Arkády Pankrác shopping centre in Prague for EUR 162 mln.

Gazit-Globe becomes Atrium’s majority shareholder

schedule 22 January 2015
Agata Kłapeć

WORLD Gazit-Globe, an Israeli real estate investor that holds a 39.99-pct stake in Atrium European Real Estate (AERE), is acquiring 52,069,622 ordinary shares of AERE, which account for an app. 13.87 pct stake in the company. The shares are being taken over from a consortium managed by CPI CEE Management, which will now have no AERE shares, for a total of app. EUR 229 mln in an off-market transaction.

Warsaw continues to dominate the region

schedule 22 January 2015
Aneta Cichla

POLAND Warsaw has been ranked 14th in the most attractive places in Europe for investing in real estate, in the Emerging Trends in Real Estate Europe 2015 survey that has just been published by PwC and the Urban Land Institute (ULI).

Murapol planning another Kraków project

schedule 22 January 2015
Tomasz Szpyt-Grzegórski

POLAND Murapol has finalised the purchase of a 0.85 ha site on ul. Poznańska in Kraków.

Investment & finance

Kingstown goes to court over Orco

schedule 21 January 2015
Nathan North
managing editor

CEE REGION CPI Group and Orco Property Group (OPG) have both announced that they have been served with a legal summons by Delaware-based Kingstown Partners and affiliated companies for damages due to alleged violation of minority OPG shareholder rights.

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Edition 5 (298) May 2025

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