Investment &amp; finance

EUROPE An Ares Real Estate Group fund has acquired two Warsaw office properties from IVG Institutional Funds: the app. 8,000 sqm gla three-building Jerozolimskie Business Park complex and the app. 8,000 sqm gla Jerozolimskie Offices building.

Robyg shops in Gdańsk again

09 February 2015

POLAND Robyg group has signed a conditional for the purchase of plots with a combined area of app. 1.5 ha in Gdańsk.

PKP plans to invest PLN 350 mln in stations

06 February 2015

POLAND In 2014 the Polish State Railways (PKP) made PLN 363 mln on the sale of real estate (PLN 203 mln in 2013). PKP also carried out 21 station projects in an investment of PLN 220 mln. It also sold properties on ul. Targowa in Siedlce (PLN 28.7 mln), ul. Toruńska in Gdańsk (PLN 26.2 mln), ul. Głowackiego in Sochaczew (PLN 12.1 mln), ul. Bokserska in Warsaw (PLN 6.7 mln) and a leisure centre in Jachranka for PLN 13.8 mln, among others.

LafargeHolcim to sell off EUR 6.5 bln assets to CRH

04 February 2015

CEE REGION Two merging cement and aggregates suppliers Holcim and Lafarg aim to sell EUR 6.5 bln assets, including plants and other facilities, to the Irish building materials company CRH. These will include Holcim's assets in Hungary, Serbia and Slovakia, as well as Lafarge's properties in Romania.

CA Immo disposes of two office projects

04 February 2015

HUNGARY/ BULGARIA CA Immo has sold two small office assets: the 8,000 sqm gla Europark office building in Sofia and the 6,400 sqm Buda Business Center office building in Budapest, for EUR 17 mln.

Nathan North
managing editor (English section)

BPT Optima sells Young City site and Baltic assets

04 February 2015

POLAND/BALTIC STATES BPT Optima, a fund managed by Northern Horizon Capital, has agreed to sell seven office and retail properties in Tallinn, Riga, Vilnius, Kaunas and Klaipėda, totalling app. 112,000 sqm of leasable space, as well as the large-scale Young City urban regeneration site on the Gdańsk waterfront, including the historic former shipyard.

BBI obtains financing

02 February 2015

POLAND BBI Development subsidiary has received two loans from PKO BP for the financing of the next stage of the Małe Błonia residential project in Szczecin.

Unibail-Rodamco reports healthy annual figures

30 January 2015

POLAND In its last financial year, the French commercial property investor Unibail-Rodamco has seen its net recurring results reaching EUR 1,06 bln, up 8.3 pct y-o-y. The company attributes the surge to “strong like-for-like growth in shopping centres and offices, the successful deliveries in 2013, the acquisition of a stake in CentrO in May 2014 and a record-low cost of debt of 2.6 pct.”

Marvipol refinances Prosta Tower and plans land purchases

02 February 2015

Aneta Cichla

POLAND MBank has granted the Marvipol group a five-year loan of EUR 13.6 mln for refinancing – with a higher LTV (leverage-to-value) index – a loan taken out for the construction of the Prosta Tower office building in Warsaw.

Home Invest to invest – PLN 80 mln in land

02 February 2015

Aneta Cichla

POLAND Home Invest is planning to spend PLN 80 mln on the purchase of land in Warsaw this year.

Marvipol obtains financing for Warsaw estate

29 January 2015

POLAND Warsaw-based developer Marvipol has signed a PLN 30 mln loan agreement with Bank Ochrony Środowiska to finance a large Warsaw project.

Polish land in demand

29 January 2015

POLAND Transactions on the residential land market will be dominant in 2015. They also dominated last year and turned out to be so attractive that investors from Saudi Arabia, the United Arab Emirates, India, the Republic of South Africa and China have been coming to Poland to survey what is on offer –these are some of the conclusions of Daniel Puchalski, the director of the investment land service department at JLL, while recently discussing the consultancy’s ‘Investment Land Market in Poland’ report.

Russia and Hungary among IKEA’s fastest growing markets

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

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

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.

GTC gets financing for Fortyone

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.

Military Property Agency puts Kraków plots up for sale

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

Nathan North
managing editor (English section)

Cromwell takes over Valad

27 January 2015

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