Investment & finance

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Investment & finance

Colliers to manage Warsaw’s Metropolitan

schedule 23 January 2015
Agata Kłapeć

POLAND Deutsche Asset & Wealth Management-owned and Cushman & Wakefield-managed Metropolitan, a 38,000 sqm gla office building in central Warsaw, will now be managed by Colliers International.

Investment & finance

Atrium agrees to buy Arkády Pankrác

schedule 22 January 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC Atrium European Real Estate Limited has signed an agreement to acquire a 75 pct stake in the Arkády Pankrác shopping centre in Prague for EUR 162 mln.

Gazit-Globe becomes Atrium’s majority shareholder

schedule 22 January 2015
Agata Kłapeć

WORLD Gazit-Globe, an Israeli real estate investor that holds a 39.99-pct stake in Atrium European Real Estate (AERE), is acquiring 52,069,622 ordinary shares of AERE, which account for an app. 13.87 pct stake in the company. The shares are being taken over from a consortium managed by CPI CEE Management, which will now have no AERE shares, for a total of app. EUR 229 mln in an off-market transaction.

Warsaw continues to dominate the region

schedule 22 January 2015
Aneta Cichla

POLAND Warsaw has been ranked 14th in the most attractive places in Europe for investing in real estate, in the Emerging Trends in Real Estate Europe 2015 survey that has just been published by PwC and the Urban Land Institute (ULI).

Murapol planning another Kraków project

schedule 22 January 2015
Tomasz Szpyt-Grzegórski

POLAND Murapol has finalised the purchase of a 0.85 ha site on ul. Poznańska in Kraków.

Investment & finance

Kingstown goes to court over Orco

schedule 21 January 2015
Nathan North
managing editor (English section)

CEE REGION CPI Group and Orco Property Group (OPG) have both announced that they have been served with a legal summons by Delaware-based Kingstown Partners and affiliated companies for damages due to alleged violation of minority OPG shareholder rights.

Auchan given green light to buy 12 Romanian assets

schedule 21 January 2015
Agata Kłapeć

ROMANIA French retailer and real estate investor Groupe Auchan has received an approval of the Romanian Competition Council to acquire a portfolio of twelve retail properties, in which the company has been running some of its 32 Romanian supermarkets.

Investment & finance

Third Vivo! to open in Krosno

schedule 21 January 2015
Nathan North
managing editor (English section)

POLAND Immofinanz group has secured a 6 ha site in Krosno in the south-eastern Subcarpathian province for the construction of its latest Vivo! shopping centre.

Investment & finance

Standard Life buys Palác I.P. Pavlova 5

schedule 20 January 2015
Nathan North
managing editor (English section)

CZECH REPUBLIC Standard Life Investments has acquired the Palác I.P. Pavlova 5 office and mixed-use building in central Prague for its Global Real Estate Fund.

Government-backed mortgages see 16,000 applications

schedule 20 January 2015
Aneta Cichla

POLAND It has been a year since the Apartment for the Young ("Mieszkanie dla Młodych") governmental programme has launched in Poland. The state-owned Bank Gospodarstwa Krajowego (BGK), which coordinates the initiative, received a total of 15,972 applications and granted PLN 366 mln of subsidized mortgages over that time.

Investment & finance

Tesco closes down CEE stores

schedule 20 January 2015
Eurobuild CEE

CZECH REPUBLIC/HUNGARY Tesco is set to shut down another hypermarket in the Czech Republic along with 13 Hungarian stores, as the company is implementing an international recovery program that aims to dramatically cut costs.

Investment & finance

Griffin to buy PKO BP developer

schedule 19 January 2015
Aneta Cichla

POLAND A Griffin Group-managed investment fund has signed a letter of intent with PKO Bank Polski on buying Qualia Development, a real estate company owned by the PKO BP bank.

Auchan allowed to buy Piaseczno plots

schedule 19 January 2015
Aneta Cichla

POLAND The town council of Piaseczno has passed a resolution which allows Auchan Polska to bypass a tender procedure when buying three plots adjacent to the company’s shopping centre.

PHN buys office building

schedule 19 January 2015
Tomasz Szpyt-Grzegórski

POLAND The Management Board of Polski Holding Nieruchomości (PHN) has signed a letter of intent concerning the purchase of an app. 15,000 sqm office building.

CPI to invest in Polish retail projects

schedule 19 January 2015

CZECH REPUBLIC CEE investment and development company CPI Property Group aims to buy five retail assets in Poland for a total amount of app. CZK 500 mln (PLN 70 mln) as it sees retail investment opportunities in the Czech Republic dry up and turns its eyes towards the Polish market, reports the Hospodářské noviny daily.

Russian investment market to hit 10-year low

schedule 19 January 2015
Rafał Ostrowski
journalist

RUSSIA Russian real estate investment volumes will not exceed USD 3 bln this year, which will equal the lowest level of the last 10 years, says JLL in its latest forecast.

Investment & finance

Atrium sells 177,000 sqm retail portfolio to Peakside

schedule 16 January 2015
Rafał Ostrowski
journalist

CZECH REPUBLIC Atrium European Real Estate has completed the sale of 72 small-format retail assets (supermarkets) located in the Czech Republic to a private client account managed by Peakside Capital Advisors for app. EUR 68.5 mln.

Investment & finance

Nestlé sells Nupaky warehouse

schedule 15 January 2015
Rafał Ostrowski
journalist

CZECH REPUBLIC Nestlé Česko has sold its 6,500 sqm site with 2,500 sqm built-up area in Nupaky near Prague. Comprised of office and warehouse space, the property was bought by Levné potraviny.

Investment & finance

Orco to get less for Złota

schedule 15 January 2015
Tomasz Szpyt-Grzegórski

POLAND Orco Property Group has informed that its earnings from the sale of the Złota 44 luxury apartment building in Warsaw to BBI Development and the US fund Amstar Global Partners will be in fact EUR 13 mln lower due to the claims made by the building’s general contractor, Inso.

Investment & finance

Hines acquires Warsaw’s Sky Office Center

schedule 14 January 2015
Agata Kłapeć

POLAND Luxembourg-based Hines Poland Sustainable Income Fund (HPSIF), which is managed by the US property investor Hines, has acquired the Sky Office Center office building in Warsaw from the 5th Avenue Holding.

Edition 9 (301) September 2025

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