Investment & finance

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New fund of Lords LB Asset Management

schedule 16 December 2014
Anna Pakulniewicz

LITHUANIA Lords LB Asset Management has been granted permission by the Bank of Lithuania to form a closed-end real estate investment fund, Lords LB Baltic Fund IV.

Main shareholders consider selling off Ronson stakes

schedule 16 December 2014
Tomasz Szpyt-Grzegórski

POLAND Global City Holdings and U. Dori Group – the main shareholders of stock-exchange listed Ronson – are considering the sale of their shares in the residential developer.

AEW Europe raises millions for logistics shopping

schedule 16 December 2014
Tomasz Szpyt-Grzegórski

EUROPE AEW Europe has raised EUR 820 mln from investors to buy logistics and warehouse facilities in Europe.

Conwert converts properties into cash

schedule 15 December 2014
Nathan North
managing editor

CZECH REPUBLIC/SLOVAKIA Vienna-listed Conwert Immobilien Invest has sold its entire Czech property portfolio of 46,249 sqm to a Czech company, as well as two properties in Žilina and an undeveloped plot in Bratislava to a Slovakian investor in a share deal.

Investment & finance

German asset manager takes over new Warsaw hotel

schedule 15 December 2014
Agata Kłapeć

POLAND CEE developer S+B Gruppe AG is selling a newly-opened 300-room Hampton by Hilton hotel in Warsaw to the German asset manager Union Investment.

Capital Park strengthens retail presence in Warsaw

schedule 12 December 2014
Aneta Cichla

POLAND Capital Park has bought two retail facilities in Warsaw’s Ursynów district. One is located on the ground floor of a residential building at the junction of ul. Belgradzka and ul. Rosola.

Investment & finance

VIG buys two Warsaw office buildings from Mermaid

schedule 12 December 2014
Nathan North
managing editor

POLAND The Vienna Insurance Group (VIG) has acquired the Jasna 26 and Libra Business Centre office buildings in Warsaw.

Investment & finance

Union Investment “buys Palladium”

schedule 12 December 2014
Nathan North
managing editor

CZECH REPUBLIC German investor Union Investment is to buy the Palladium shopping centre on Náměstí Republiky in Prague 1 for EUR 565 mln – the highest price ever paid for a single building in the country’s history, according to ‘Hospodářské noviny’.

Investment & finance

Chmielna 25 in IVG fund’s hands

schedule 11 December 2014
Aneta Cichla

POLAND IVG Warschau Fonds has finalised its acquisition of the Chmielna 25 office and retail building in Warsaw.

Passerinvest completes EUR 20 mln bond issue

schedule 11 December 2014
Nathan North
managing editor

CZECH REPUBLIC Passerinvest Group has successfully underwritten a CZK 550 mln (app. EUR 20 mln) corporate bond issue.

PZU buys EUR 140 mln warehouse assets

schedule 08 December 2014
Aneta Cichla

POLAND A PZU closed-end investment fund, Fundusz Inwestycyjny Zamknięty Sektora Nieruchomości 2, has purchased a EUR 140 mln logistics property portfolio from Panattoni.

Investment & finance

Atrium sells 72 smaller centres

schedule 10 December 2014
Nathan North
managing editor

CZECH REPUBLIC Atrium European Real Estate Limited has announced that it has agreed to sell a portfolio of 72 Czech retail assets to a private client account managed by Peakside Capital Advisors for app. EUR 70 mln.

Investment & finance

Meyer Bergman buys Futurum Hradec Králové

schedule 10 December 2014
Nathan North
managing editor

CZECH REPUBLIC Euro Mall Hradec Králové Real Estate has conditionally sold the Futurum Hradec Králové shopping centre to Meyer Bergman for EUR 87.6 mln.

Investment & finance

CBRE Global Investors takes over 30,000 sqm Warsaw park

schedule 08 December 2014
Agata Kłapeć

POLAND A CBRE Global Investors-managed fund has bought the Ideal Idea logistics and business complex in Warsaw from the BPH TFI investment fund for app. EUR 32 mln.

Globalworth acquires another Bucharest office project

schedule 08 December 2014
Agata Kłapeć

ROMANIA Globalworth Real Estate Investments has bought Nusco Tower, a 23,000 sqm gla office building in Bucharest, for EUR 46 mln. The transaction is scheduled to close in Q2 2015.

Investment & finance

Atrium completes Focus Mall purchase

schedule 04 December 2014
Agata Kłapeć

POLAND CEE shopping centre developer Atrium European Real Estate has finalized the EUR 122 mln acquisition of Focus Mall, a 41,000 sqm gla shopping mall in Bydgoszcz, from the Aviva Investors investment fund.

Investment & finance

BGK buys first flats for renting

schedule 03 December 2014
Aneta Cichla

POLAND Bank Gospodarstwa Krajowego has bought up the first apartments for a new governmental programme – the housing rental fund.

Decision on division of Marvipol

schedule 03 December 2014
Tomasz Szpyt-Grzegórski

POLAND The management board of development and automotive group Marvipol has passed a resolution on starting the process for the division of the company into two separate entities.

CPI offloads plots

schedule 03 December 2014
Nathan North
managing editor

CZECH REPUBLIC CPI Property Group has sold two development sites to an undisclosed outside investor for EUR 20 mln.

IDI Gazeley buys French and Hungarian portfolio

schedule 03 December 2014
Nathan North
managing editor

HUNGARY US investor Brookfield Logistics Properties’ global logistics platform IDI Gazeley has today announced the acquisition of a portfolio of logistics assets totalling 228,000 sqm and comprising 13 buildings located in France and Hungary.

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