Investment & finance

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Plaza Centers sells another Romanian asset

schedule 03 December 2014
Agata Kłapeć

ROMANIA Israeli-financed CEE shopping center developer Plaza Centers is selling its 41,000 sqm land plot in the Romanian city of Hunedoara to an undisclosed buyer for EUR 1.2 mln.

Investment & finance

Passerinvest buys back BB Centrum Alpha

schedule 02 December 2014
Nathan North
managing editor

CZECH REPUBLIC Czech development and investment company Passerinvest Group has completed the acquisition of the Alpha building of the BB Centrum office park in Prague.

Investment & finance

Starwood Capital Group buys 50,000 sqm Kraków project

schedule 02 December 2014
Agata Kłapeć

POLAND Starwood Capital Group has acquired through its property investment fund, Starwood Distressed Opportunity Fund X, the app. 48,800 sqm Quattro Business Park in Kraków from the Polish developer Buma Group. The parties did not disclose terms of the transaction.

Investment & finance

Ghelamco secures loan for Mokotów building

schedule 01 December 2014
Tomasz Szpyt-Grzegórski

POLAND Ghelamco Invest has been granted a loan from PKO BP for the financing of an office project in the Mokotów business district of Warsaw.

Investment & finance

Prologis buys 50,000 sqm Invesco property

schedule 28 November 2014
Tomasz Szpyt-Grzegórski

POLAND Prologis European Properties Fund II (PEPF II) has acquired a 50,000 sqm Invesco Real Estate logistics facility in Stryków near Łódź that is currently being entirely leased to the DIY and home décor retailer Castorama. The warehousing property will now be named Prologis Park Stryków II.

Investment & finance

Warsaw Okęcie plot up for sale

schedule 27 November 2014
Tomasz Szpyt-Grzegórski

POLAND Airport Village, a subsidiary of the Military Property Agency (Agencja Mienia Wojskowego), has put up for sale a 1,660 sqm land plot situated by the Warsaw Chopin Airport in Warsaw’s Okęcie area.

CEE attracts investors despite Russian-Ukrainian tension

schedule 27 November 2014
Agata Kłapeć

CEE REGION While global investors expect Western European investment volumes to continue to grow this year (59 pct) and next year (56 pct), their sentiment over CEE investment conditions is not as positive: 52 pct expect the CEE market conditions to deteriorate, as compared to 32 pct last year, while app. 40 pct expect CEE volumes to fall in 2014 and 2015, according to a Colliers International study.

Investment & finance

Globalworth acquires new Skanska office building for EUR 44 mln

schedule 27 November 2014
Agata Kłapeć

ROMANIA Guernsey-registered investment company Globalworth has bought the first of the three office buildings that make up Green Court, a 52,000 sqm office complex that is currently being developed in Bucharest, for EUR 44 mln. The newly-acquired Building A offers 19,500 sqm gla of Class A office space.

Investment & finance

X5 to turn Oriflame warehouse into supermarket

schedule 25 November 2014
Rafał Ostrowski
journalist

RUSSIA Russian retail giant X5 Retail Group has bought a Krasnogorsk warehousing and distribution complex from the Swedish cosmetics manufacturer and retailer Oriflame for EUR 36 mln.

Investment & finance

Kleba Invest obtains loan for Warsaw retail project

schedule 24 November 2014
Tomasz Szpyt-Grzegórski

POLAND Kleba Invest has received a PLN 14.4 mln loan to finance the construction of the Prima retail park in Marki near Warsaw.

MLP Group has PLN 1 bln properties

schedule 14 November 2014
Aneta Cichla

POLAND In Q3 2014, the warehouse developer MLP Group has seen a 9.2 pct y-o-y surge in revenue, to PLN 75.3 mln. The net value of MLP assets increased by 25.3 pct y-o-y, to PLN 546.7 mln, while the company’s investment properties exceeded PLN 1 bln, a PLN 78.7 mln increase y-o-y.

Griffin Property Finance II gives first loan

schedule 10 November 2014
Aneta Cichla

POLAND Griffin Group has launched the Griffin Property Finance II platform, a debt fund financing real estate projects, of which ‘Eurobuild CEE’ informed at the beginning of July. The fund’s first transaction has already taken place: GPF II provided a EUR 46 mln financing to Rosehill Investment.

Bydgoszcz’s Zielone Arkady secured as seed asset

schedule 10 November 2014
Eurobuild CEE

POLAND ECE’s European Prime Shopping Centre Fund II has closed with EUR 500 mln raised. The Zielone Arkady shopping centre, which is currently being developed by ECE in Bydgoszcz, has been secured as the first property for the fund.

Standard Life Investments sells off Brno warehouse

schedule 10 November 2014

CZECH REPUBLIC Standard Life Investments’ European Property Growth Fund has sold a 13,000 sqm retail warehouse in Brno to its tenant, Sconto Immobilien.

Investment & finance

Cedet’s financing sorted

schedule 05 November 2014
Tomasz Szpyt-Grzegórski

POLAND Bank Gospodarstwa Krajowego (BGK) has granted the Cedet redevelopment project with a EUR 56.5 mln loan as part of the Polish Investments programme it supports. The Cedet project redevelops and extends the historical CDT building in Warsaw, which used to house the iconic Smyk children’s department store.

Investment & finance

C-Mec sells off 10,000 sqm industrial building

schedule 10 November 2014

CZECH REPUBLIC Belgian-Czech industrial equipment manufacturer C-Mec Holding has sold a 10,000 sqm office and warehousing building in Kladno to a private Czech investor through a sell-and- leaseback transaction.

Investment & finance

Hammerson and VIA Outlets buys Freeport outlets

schedule 17 November 2014
Nathan North
managing editor

CZECH REPUBLIC The Carlyle Group has sold its Freeport Portfolio of outlet centres in Portugal, Sweden and the Czech Republic to Hammerson, VIA Outlets, APG, Meyer Bergman and Value Retail.

Orco resumes buying for projects

schedule 17 November 2014
Nathan North
managing editor

CZECH REPUBLIC Orco Property Group has acquired four development projects in Prague and Central Bohemia.

PLN 60 mln bond issue for Robyg

schedule 14 November 2014
Aneta Cichla

POLAND The Robyg group has issued PLN 60 mln of unsecured ‘L’ series bonds.

Transneft close to buying Evolution Tower

schedule 14 November 2014
Rafał Ostrowski
journalist

RUSSIA Oil giant Transneft is planning to acquire the Evolution Tower office building in Moscow Intenational Business Center, according to undisclosed market sources cited by Vedomosti.

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