Investment & finance

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Hungarian central bank with distressed assets manager

schedule 13 November 2014
Agata Kłapeć

HUNGARY Hungary’s central bank (MNB) is setting up an asset management agency, the MARK Group, that will have HUF 300 bln (EUR 980 mln) to buyout toxic commercial property loans from local banks.

Investment & finance

Brazilian banking tycoon buys The Gherkin

schedule 12 November 2014
Agata Kłapeć

UNITED KINGDOM The Gherkin, London’s second-tallest building, has new owner. The 180-meter office tower located at 30 St Mary Axe has been sold to Safra Group, a Brazilian financial holding controlled by Joseph Safra.

Investment & finance

Ronson increases sales in Q3

schedule 07 November 2014
Agata Kłapeć

POLAND In the first three quarters of the year, Polish residential developer Ronson has sold 565 units, a 36 pct y-o-y increase. The company now expects its 2014 sales to exceed the number of 700 apartments, 50 units more than earlier anticipated.

Investment & finance

Atrium buys AFI Palác Pardubice for EUR 83 mln

schedule 06 November 2014
Nathan North
managing editor

CZECH REPUBLIC Atrium European Real Estate has acquired the AFI Palác shopping centre in Pardubice from AFI Europe for EUR 83 mln.

Investment & finance

UGL completes sale of DTZ

schedule 06 November 2014
Nathan North
managing editor

WORLD UGL has finalised the sale of its property services business DTZ for AUD 1.215 bln to the TPG and PAG Consortium.

Budimex sees all-round improvement

schedule 05 November 2014
Aneta Cichla

POLAND In the January–September period, Budimex group’s sales increased by 17.8 pct, while its operating profit grew by 47.2 pct in this period compared to the same period last year. Its operating profit margin amounted to 4.7 pct – up by a quarter.

Griffin negotiates new acquisitions

schedule 03 October 2014
Tomasz Szpyt-Grzegórski

POLAND Griffin is negotiating the purchase of four new commercial projects in Poland worth EUR 160 mln in total. Two of the projects are located in Warsaw and the other two in the regional markets.

Investment & finance

Bucharest office leasing sees improvement in Q3

schedule 04 November 2014
Agata Kłapeć

ROMANIA According to CBRE, in Q3 2014, the total leasing activity (TLA) in Bucharest reached the level of 70,000 sqm. For the second consecutive quarter, new leases, expansions and pre-leases in the city accounted for more than 80 pct of TLA, the analysts point out.

Investment & finance

Medicover invests more in Wilanów

schedule 04 November 2014
Aneta Cichla

POLAND The Medicover group is to extend its hospital in Warsaw’s Wilanów district and for this has purchased an area of over 2.5 ha near al. Rzeczypospolitej in the direct vicinity of one of its existing clinics.

Townhouse with Russian Embassy view up for sale

schedule 04 November 2014
Tomasz Szpyt-Grzegórski

POLAND Warsaw city council has put up for sale the former house and dressings factory of Rudolf Strzelecki at ul. Kujawska 1 in Mokotów district.

Investment & finance

NEPI buys EUR 148 mln Bucharest mall

schedule 03 November 2014
Agata Kłapeć

ROMANIA New Europe Property Investments (NEPI) has completed the acquisition of Promenada Mall, a 40,300 sqm Bucharest shopping mall owned by RE Project Development SRL and Manierita Limited, for EUR 148 mln.

Investment & finance

Globalworth gets EUR 30 mln refinancing for Bucharest tower

schedule 31 October 2014
Agata Kłapeć

ROMANIA Guernsey-based real estate investment company Globalworth has received a EUR 30 mln loan for its Bucharest office building, Tower Center International.

Investment & finance

Valad Europe to invest EUR 500 mln in new portfolio

schedule 31 October 2014
Tomasz Szpyt-Grzegórski

CZECH REPUBLIC/POLAND Valad Europe has teamed up with a new investor to build a EUR 500 mln property portfolio. The company has already made its first purchase in the Czech Republic.

Investment & finance

Nauta seeks for investor, take two

schedule 31 October 2014
Tomasz Szpyt-Grzegórski

POLAND In November, the Nauta shipyard will complete the first stage of choosing a developer for the Gdynia plot that the company is vacating as it moves to another location.

EBRD backs up Romanian cities

schedule 30 October 2014
Agata Kłapeć

ROMANIA The European Bank for Reconstruction and Development (EBRD) has granted a EUR 22.6 mln loan and a EUR 900,000 grant-based assistance to the Romanian city of Galați to help modernize its road and public transportat infrastructure.

Debt collector to sell Wilanów plot at auction

schedule 29 October 2014
Tomasz Szpyt-Grzegórski

POLAND Debt collector is set to auction off a parcel that was earmarked for an over 500-apartment estate in Warsaw’s Wilanów district.

Investment & finance

Matexi sells office and retail properties

schedule 29 October 2014
Tomasz Szpyt-Grzegórski

POLAND Development company Matexi Polska has singed three sales contracts for its commercial properties situated in Warsaw residential estates.

Investment & finance

'Opportunists' have EUR 1 bln to invest

schedule 27 October 2014
Tomasz Szpyt-Grzegórski

EUROPE/POLAND The UK opportunistic fund Resolution Property is planning to spend over EUR 1 bln (GBP 800 mln) on new European projects in the next two years. Poland is on its radar, too.

Investment & finance

Skanska sells Prague office building for EUR 20 mln

schedule 22 October 2014
Rafał Ostrowski
journalist

CZECH REPUBLIC Swedish developer Skanska Property has sold its Riverview office building in Prague to a fund managed by the global investment manager, Invesco Real Estate, for EUR 20 mln.

Investment & finance

EUR 190 mln Metropolitan changes hands

schedule 21 October 2014
Tomasz Szpyt-Grzegórski

POLAND Deutsche Asset & Wealth Management (DeAWM) has officially announced that it purchased the Metropolitan office building in Warsaw on behalf of its institutional investors. The transaction was financed by commercial property funds.

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Edition 5 (298) May 2025

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