Investment & finance

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Investment & finance

Palladium sale to Union Investment goes through

schedule 06 March 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC Hamburg-based Union Investment has completed its acquisition of a majority stake in the Palladium building on Náměstí Republiky in Prague 1 for around EUR 570 mln.

Investment & finance

TriGranit secures EUR 193 mln loan for BCC

schedule 05 March 2015
Nathan North
managing editor (English section)

POLAND TriGranit Development Corporation has been granted a EUR 193 mln term loan facility from ING Bank Śląski S.A. and ING Bank N.V. to refinance senior debt related to the Bonarka City Center in Kraków.

Investment & finance

Europa shopping centre changes hands

schedule 04 March 2015
Rafał Ostrowski
journalist

LITHUANIA The Baltic Opportunity Fund, which is managed by Northern Horizon Capital, has acquired the Europa shopping centre in Vilnius CBD from Baltic Property Trust Secura A/S for an undisclosed sum.

Investment & finance

Skanska puts four Polish office assets up for sale

schedule 04 March 2015
Agata Kłapeć

POLAND Skanska Property Poland is seeking for buyers for four of its Polish office buildings with a total of 62,000 sqm gla.

Investment & finance

TREI sells Penny Market centre

schedule 04 March 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC TREI Real Estate Czech Republic has signed an agreement for the sale of the Penny Market distribution centre in Radonice (Prague-East) to a company controlled by ZFP Investments, acting on behalf of the ZFP realitní fond.

Investment & finance

Trinfico completes Airportcity purchase

schedule 02 March 2015
Rafał Ostrowski
journalist

RUSSIA A subsidiary of the Trinfico Investment Group-managed private Russian pension fund Blagosostoyanie has completed the EUR 70 mln acquisition of two buildings located within the Airportcity business centre in St Petersburg.

New retail park to open in Kamienna Góra

schedule 27 February 2015
Tomasz Szpyt-Grzegórski

POLAND Gliwice-based developer P.A. Nova has received a PLN 37.5 mln financing for a retail park which is being developed on the post-industrial area of Kamienna Góra.

Warsaw Chopin Airport gets PLN 600 mln

schedule 27 February 2015
Tomasz Szpyt-Grzegórski

POLAND Bank Pekao and Przedsiębiorstwo Porty Lotnicze (PPL) have signed a contract on the financing of the extension of the Warsaw Chopin Airport. The planned work will be financed with the support of a PLN 600 mln bond issue, with the final redemption date set for 2022, arranged by the Bank.

Investment & finance

Slovak property investment volumes hit record high

schedule 26 February 2015
Agata Kłapeć

SLOVAKIA In 2014, the real estate investment activity in Slovakia increased to over EUR 610 mln, the highest level since 2005, says JLL.

CA Immo and O1 Group to buy 15 pct Immofinanz stake

schedule 26 February 2015
Rafał Ostrowski
journalist

EUROPE CA Immobilien Anlagen and O1 Group are considering the joint acquisition of a 15 pct stake in Immofinanz AG.

Investment & finance

Cushman & Wakefield to be sold off?

schedule 26 February 2015
Agata Kłapeć

WORLD Real estate agent Cushman & Wakefield is being put up for sale in the face of growing property prices and competition, according sources cited by the World Street Journal. The company’s majority owner has reportedly hired Goldman Sachs and Morgan Stanley to find buyer for its stake.

Investment & finance

Kapelanka goes green and golden

schedule 26 February 2015
Rafał Ostrowski
journalist

POLAND The Kapelanka 42 office complex which was developed by Skanska Property Poland in Kraków has been awarded LEED Core&Shell certificate with ‘Gold’ rating.

O1 raises its stake in CA Immo to 26 pct

schedule 26 February 2015
Rafał Ostrowski
journalist

EUROPE Russian investment holding O1 Group has increased its stake in the Austrian commercial real estate investor CA Immo from 16.1 pct to 26 pct.

Ronson to spend PLN 50 mln on land

schedule 25 February 2015
Agata Kłapeć

POLAND Ronson is planning to spend a total of PLN 50 mln on extending its land bank in 2015. The residential developer, which has already concluded a PLN 21 mln preliminary agreement on the purchase in Warsaw’s Wola district this year, is mostly interested in the Warsaw market.

Investment & finance

Prosperus Real Estate Fund I buys North Star

schedule 25 February 2015
Anna Pakulniewicz

LITHUANIA Real estate company MG Valda has sold its shares in BCU2, the owner of the North Star business center in Vilnius, to the real estate investment fund Prosperus Real Estate Fund I.

Investment & finance

Segro posts 72 pct revenue drop in Poland

schedule 25 February 2015
Agata Kłapeć

CEE REGION In its last financial year, Segro has seen its Central European portfolio growing by 5.9 pct y-o-y, while the UK-based warehouse developer’s revenues from the Polish business fell by app. 72 pct, to GBP 8.2 mln, as compared to GBP 30.1 mln in 2013.

Investment & finance

Galeria Metropolia gets PLN 91 mln

schedule 24 February 2015
Aneta Cichla

POLAND Przedsiębiorstwo Budowlane Górski, which is the developer of the Galeria Metropolia shopping centre that is currently being developed in Gdańsk Wrzeszcz, has been given a PLN 91 mln financing for the construction of the project.

Investment & finance

Pbb Deutsche Pfandbriefbank goes private again

schedule 24 February 2015
Tomasz Szpyt-Grzegórski

EUROPE German state-owned Hypo Real Estate Holding has put up for sale a 100-pct stake in Pbb Deutsche Pfandbriefbank, which had been nationalized after the financial turmoil caused by the collapse of Lehman Brothers.

Investment & finance

BIK announces new projects

schedule 24 February 2015
Tomasz Szpyt-Grzegórski

POLAND Biuro Inwestycji Kapitałowych (BIK) is planning to start the construction of two logistic parks and a shopping centre. The new facilities are to be located in the southern part of the country.

Wikana sells Piaseczno plot

schedule 24 February 2015
Aneta Cichla

POLAND Wikana Property, a subsidiary of Wikana, has signed PLN 4.3 mln preliminary sales agreement concerning a land plot located on ul. Żeromskiego in Piaseczno near Warsaw, where it intended to build the Osiedle Żeromskiego residential building. The buyer is Bud-Rim Development.

Edition 9 (301) September 2025

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