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Investment & finance

YIT offloads Grand Office in Vilnius

schedule 01 October 2014
Nathan North
deputy editor

LITHUANIA Finnish construction and development giant YIT has signed agreements to sell three properties, including Grand Office in Vilnius, to different parties.

Russian real estate investment 10 pct down in Q3

schedule 01 October 2014
Rafał Ostrowski
journalist

RUSSIA Investment volumes on the Russian real estate market in Q3 reached USD 1.4 bln, 10 pct down y-o-y, according to the latest research by JLL.

Another bank calls in EFH debt

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND Bank Zachodni WBK has terminated the loan agreement concluded with Europejski Fundusz Hipoteczny (EFH) for the construction of Hotel Król Kazimierz in Kazimierz Dolny.

Murapol adds to land bank

schedule 01 October 2014
Aneta Cichla

POLAND Murapol has purchased two new properties: a 1.5 ha plot on ul. Niepołomnicka in Gdańsk and 0.6 ha on ul. Polskiego Czerwonego Krzyża in Toruń.

Lumi Capital buys Tallinn office building

schedule 30 September 2014
Agata Kłapeć

ESTONIA Baltics real estate investment company Lumi Capital and a private Estonian investor have acquired Flora, an office building located on Tulika street in Tallinn.

Warsaw city hall to sell ‘Pekin’

schedule 30 September 2014
Tomasz Szpyt-Grzegórski

POLAND The mayor of Warsaw has signed a directive putting up for sale a tenement building and plot at ul. Złota 83 in Warsaw’s Wola district.

Investment & finance

PGNiG Termika sells Warsaw office building

schedule 30 September 2014
Tomasz Szpyt-Grzegórski

POLAND Power supplier PGNiG Termika has put a property up for sale at ul. Wybrzeże Kościuszkowskie 43 in Warsaw’s Powiśle district.

Inter IKEA Property Division creates Vastint platform

schedule 30 September 2014
Aneta Cichla

EUROPE Nine business units owned by Inter IKEA Property Division have been rebranded under its Vastint platform.

Unidevelopment raises PLN 20 mln from bonds

schedule 30 September 2014
Aneta Cichla

POLAND Unidevelopment, the development arm of Unibep, has raised PLN 20 mln from placing ‘A’ series bonds on the Catalyst market.

Mitiska REIM buys Serbian retail park

schedule 26 September 2014
Rafał Ostrowski
journalist

SERBIA Brussels-based Mitiska REIM on behalf of its specialist real estate fund First Retail International (FRI) has bought an 85 pct stake in the Capitol Park Šabac retail park in Serbia.

Investment & finance

Futureal sells Budapest office building

schedule 26 September 2014
Agata Kłapeć

HUNGARY CEE developer Futureal has sold a Vision Towers office building in Budapest, which accommodates KPMG’s Hungarian headquarters, to Erste Real Estate Fund. The 11,125 sqm North building makes the first stage of the Vision Towers complex.

Investment & finance

BGK and JESSICA to support Hala Koszyki

schedule 25 September 2014
Aneta Cichla

POLAND Bank Gospodarstwa Krajowego (BGK) has arranged an app. EUR 81 mln financing for Hala Koszyki, the revitalization project that is currently being developed in Warsaw by Griffin Group.

HM Inwest issues shares to speed up

schedule 24 September 2014
Aneta Cichla

POLAND Polish residential developer HM Inwest plans on issuing PLN 9.5 mln shares. The money raised would help the company with purchasing 3-4 plots for new residential projects in Warsaw and Katowice.

Murapol buys in Katowice

schedule 22 September 2014
Tomasz Szpyt-Grzegórski

POLAND Bielsko-based developer Murapol is purchasing a land plot in Katowice. The company has signed a preliminary contract for buying a 1.77-ha parcel on ul. Bażantów in Katowice with a net worth of PLN 5 mln.

GTC aims to issue more shares to invest in CEE

schedule 19 September 2014

CEE REGION Warsaw-listed real estate investor Globe Trade Centre (GTC) is planning to issue 140 mln of new shares. The general meeting of shareholders, when the decision is set to be made, will take place on October 13th, 2014.

Investment & finance

PHN plans major purchases in new strategy

schedule 15 September 2014
Tomasz Szpyt-Grzegórski

POLAND Polski Holding Nieruchomości (PHN) has announced its new strategy to take it up to 2023. By this time the company wants to have increased the net value of its assets by almost 75 pct and spend app. PLN 1 bln on acquiring office buildings that generate revenue from leasing.

Investment & finance

Bullish twelve months ahead for CEE

schedule 15 September 2014
Agata Kłapeć

CEE REGION While in Q2 2014 most of the CEE real estate markets still had to face post crisis challenges, their long-term forecasts have continued to improve, says RICS in its latest report.

Investment & finance

Ghelamco in talks with Hajdarowicz over Kraków project

schedule 15 September 2014
Tomasz Szpyt-Grzegórski

POLAND Ghelamco Poland is planning to build an office complex with a leasable area of app. 50,000 sqm in Kraków.

Investment & finance

TriGranit sells Millennium Gate

schedule 12 September 2014
Nathan North
deputy editor

HUNGARY TriGranit has sold the Millennium Gate building in Budapest to Dutch-registered International Medical Centers for an undisclosed sum.

EIB grants CZK 1 bln infrastructure loan for Ostrava

schedule 12 September 2014
Nathan North
deputy editor

CZECH REPUBLIC The European Investment Bank (EIB) is to provide a loan of CZK 1 bln (app. EUR 37 mln) to finance the development of municipal infrastructure in Ostrava.

Edition 11 (293) November 2024

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