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Polnord selling ul. Pereca plot

schedule 28 August 2014
Aneta Cichla

POLAND Polnord is set to sell a 1,960 sqm plot on ul. Pereca in Warsaw.

Investment & finance

LPP chain shows dynamic growth

schedule 28 August 2014
Aneta Cichla

POLAND In the first half of the year, Polish clothing group LPP opened 168 new stores bringing the total operated under its brands up to 1,488.

Asset growth for MLP Group

schedule 28 August 2014
Aneta Cichla

POLAND The built and leased warehouse area owned by MLP Group increased to 345,900 sqm over the first six months of this year. In this period the company an area of 44,200 sqm was added to its portfolio.

Investment & finance

Złota 44 sold to BBI and Amstar for EUR 63 mln

schedule 28 August 2014
Nathan North
deputy editor

POLAND Orco Property Group has sold the Złota 44 residential skyscraper project in central Warsaw to a joint venture between Polish developer BBI Development and Denver-based investment manager Amstar for EUR 63 mln.

Investment & finance

ING and Nordea provide EUR 174 mln for Blackstone

schedule 27 August 2014
Nathan North
deputy editor

POLAND/CZECH REPUBLIC ING Bank Śląski has acted as the lead arranger for a EUR 174 mln term loan for LogiCor, Blackstone’s European logistics platform, to finance its recent acquisition of a logistics portfolio from Pramerica Real Estate Investors.

Redan increases turnover but suffers losses

schedule 27 August 2014
Rafał Ostrowski
journalist

POLAND The turnover of retail group Redan, the owner of the Top Secret, Troll and Drywash brands as well as the TextilMarket discount chain, amounted to PLN 226.2 mln in the first six months of the year, a 7.3 pct y-o-y increase.

Investment & finance

Papag wins Praktiker acquisition approval

schedule 27 August 2014
Aneta Cichla

POLAND Swiss investor Papag has obtained the approval of the Office of Competition and Consumer Protection (UOKIK) for its acquisition of Praktiker Polska and Praktiker Real Estate Polska (originally reported in this publication in March).

Investment & finance

Eleven new Monnari outlets by the year-end

schedule 27 August 2014

POLAND Clothing retailer Monnari Trade, the owner of the Monnari brand, is planning to open eleven stores in shopping centres in some of the largest cities in Poland in H2 2014.

Investment & finance

Green light to buy Matras

schedule 27 August 2014
Aneta Cichla

POLAND Nowe Powierzchnie has been given permission from the Office of Competition and Consumer Protection (UOKiK) to acquire the Matras bookstore chain from the SEAF group.

Marvipol to buy Warsaw plots

schedule 27 August 2014
Aneta Cichla

POLAND Marvipol has issued 20,650 ordinary unsecured bonds with a value of PLN 20.65 mln. The money will be used to purchase land for residential development in Warsaw.

Investment & finance

EBRD grants EUR 30 mln loan to redevelop Croatian marinas

schedule 26 August 2014
Agata Kłapeć

CROATIA The European Bank of Reconstruction and Development (EBRD) has arranged a EUR 30 mln loan for a Turkish developer to renovate two Croatian marinas and help increase nautical tourism in the country.

Warsaw is getting "investment intense"

schedule 26 August 2014
Aneta Cichla

POLAND Warsaw has been ranked sixth in JLL’s global Investment Intensity Index as it outperformed such cities as Paris, New York and Tokyo, the company informed. The top five positions were taken by London, Oslo, Munich, Stockholm and Copenhagen.

Investment & finance

PointPark Properties buys eleven logistics parks

schedule 26 August 2014
Nathan North
deputy editor

CZECH REPUBLIC PointPark Properties has agreed to buy eleven Czech logistics parks from Tristan Capital Partners and VGP for EUR 523 mln.

Investment & finance

HB Reavis sells River Garden Office I

schedule 26 August 2014
Nathan North
deputy editor

CZECH REPUBLIC HB Reavis Group has sold its River Garden Office I building in Prague’s Karlín business district to Prvý realitný fond (PRF) managed by Slovakian company IAD Investments.

Investment & finance

TechnoPark Pardubice goes under the hammer

schedule 26 August 2014
Nathan North
deputy editor

CZECH REPUBLIC The Naxos auction house is selling Technopark Pardubice, with the lowest bid having been set at CZK 160 mln (app. EUR 5.7 mln).

Industrial investment in Europe hits seven-year high

schedule 25 August 2014
Rafał Ostrowski
journalist

EUROPE In H1 2014, investors have spent a total of EUR 8.7 bln on industrial properties across Europe, the best first half performance since 2007, a study by CBRE reveals. The figure represents a 25 pct increase versus H1 2013.

Investment & finance

Portland Trust buys plot to build more offices in Bucharest

schedule 22 August 2014
Agata Kłapeć

ROMANIA Prague-based commercial developer Portland Trust has bought a 4 ha land plot in Bucharest from Nusco Group. Located in North Central part of the city, the plot will accommodate a "large office project."

Investment & finance

Szczecin tenement house offered for sale

schedule 21 August 2014
Aneta Cichla

POLAND Litwiniuk Property facilitated the sale of a 240 sqm retail unit in a Szczecin tenement house. Located on ul. Bogusława X and owned by an undisclosed company that also holds the rest of the building, the space was acquired by an anonymous private investor for PLN 2.6 mln, the company informed.

Investment & finance

Strabag acquires EUR 95 mln stake in JW Marriott hotel

schedule 21 August 2014
Agata Kłapeć

ROMANIA Bank of Cyprus has disposed of its 35.2 pct share in JW Marriott-branded Bucharest Grand Hotel, initially valued at EUR 95 mln, by selling it to the Austrian construction and development conglomerate Strabag.

Investment & finance

Ghelamco sells three Polish properties to Starwood

schedule 21 August 2014
Rafał Ostrowski
journalist

POLAND Belgian-originated developer Ghelamco has finalized the sale of its T-Mobile Office Park, Łopuszańska Business Park and Katowice Business Point to an American private investment firm Starwood Capital Group. The three office properties comprise 78,000 sqm of space in total.

Edition 11 (293) November 2024

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