Investment & finance

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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
managing 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
managing 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
managing 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.

TriGranit to return to Romanian development market

schedule 22 December 2014
Agata Kłapeć

ROMANIA CEE development and asset management company TriGranit is eyeing new retail and office development projects in Romania, especially those of app. 40,000 sqm of space, as it would like to resume its development business activity in the country.

Another Łódź office project underway

schedule 02 December 2014
Eurobuild CEE

POLAND Skanska has signed a preliminary purchase agreement for a 6,000 sqm parcel situated on ul. Składowa in Łódź, where the developer is planning to construct an office building.

Investment & finance

Pollena to fly once again

schedule 23 December 2014
Tomasz Szpyt-Grzegórski

POLAND Okam Capital has purchased the 4.3 ha site of the former Pollena-Uroda factory in Warsaw’s Praga district.

Investment & finance

Skanska sells EUR 66 mln Łódź office complex

schedule 23 December 2014
Agata Kłapeć

POLAND A Griffin Group-managed fund has acquired Skanska’s Green Horizon office complex in Łódź for EUR 66 mln.

Bilfinger sells off its construction division

schedule 22 December 2014
Agata Kłapeć

GERMANY German real estate, engineering and construction expert Bilfinger is selling “a significant portion” of its civil engineering business, the construction division, to the Swiss construction and construction services company Implenia as the German giant aims to focus on servicing industrial facilities.

Investment & finance

Globalworth acquires Unicredit headquarters for EUR 43 mln

schedule 22 December 2014
Agata Kłapeć

ROMANIA Globalworth Real Estate Investments has bought Unicredit Building, a 15,500 sqm gla office building in Bucharest, for app. EUR 43 mln.

Investment & finance

Invesco Real Estate buys Plac Unii for EUR 226 mln

schedule 19 December 2014
Eurobuild CEE

POLAND Liebrecht & Wood Group and BBI Development SA have signed a final agreement on the sale of Plac Unii, a mix-use complex in Warsaw, to the real estate investment manager Invesco Real Estate (IRE). The transaction was estimated at EUR 226 mln.

Investment & finance

Skanska sells 40,000 sqm Wrocław office project

schedule 19 December 2014
Agata Kłapeć

POLAND Skanska Property Poland has sold its Dominikański office complex that is currently being developed in Wrocław to the German asset manager Union Investment.

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