Investment & finance

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CEE commercial investment up 11 pct in Q3

schedule 21 October 2014
Aneta Cichla

CEE REGION In Q3 2014, commercial real estate investment volumes in the CEE have risen by 11 pct. y-o-y, according to the latest CBRE report.

NEPI increases activity across SEE markets

schedule 20 October 2014
Agata Kłapeć

ROMANIA South Africa-based developer New Europe Property Investments (NEPI) has bought the 17,900 sqm Aurora Shopping Mall located in the Romanian city of Buzău and a 3,200 sqm strip mall in Alba Iulia, the capital of the Romanian Alba county, for a total of EUR 10 million.

Investment & finance

Etalon enters strategic partnership with Sberbank

schedule 20 October 2014
Rafał Ostrowski
journalist

RUSSIA Residential developer Etalon Group has signed a strategic ten-year partnership agreement with Sberbank.

Investment & finance

ECE fund set up for Zielone Arkady in Bydgoszcz

schedule 17 October 2014
Anna Pakulniewicz

POLAND/EUROPE The first closing of the ECE European Prime Shopping Centre Fund II has taken place with more than EUR 500 mln having been raised.

Investment & finance

VÚB loans HB Reavis EUR 51 mln for Metronom

schedule 16 October 2014
Nathan North
managing editor

CZECH REPUBLIC Všeobecná úverová banka (VÚB) has provided HB Reavis with credit line of EUR 51 mln for the financing of its Metronom Business Center development in Prague.

Investment & finance

Mint buys Polygon

schedule 16 October 2014
Nathan North
managing editor

CZECH REPUBLIC Mint Investments has completed the acquisition of Polygon House in Prague for more than EUR 20 mln.

Etalon Group sells more in Q3, earns less in H1

schedule 15 October 2014
Rafał Ostrowski
journalist

RUSSIA In Q3 the sales of residential developer Etalon Group amounted to 1,960 contracts, which marks a 12 pct increase compared to the 1,752 recorded in the same period last year.

Waryński sells large Piaseczno plot

schedule 15 October 2014

POLAND MS Waryński sold a 7.77 ha site at ul. Kineskopowa 1 in Piaseczno near Warsaw. The land includes office and warehouse buildings.

Investment & finance

IKEA Retail Polska 14 pct up

schedule 15 October 2014
Aneta Cichla

POLAND IKEA Retail Polska has published its results for the 2014 financial year (from September 1st 2013 until August 31st 2014).

Leasing-Experts finances Rank Progress properties

schedule 14 October 2014
Tomasz Szpyt-Grzegórski

POLAND Leasing-Experts bought and then leased two Rank Progress land plots located in Kłodzko and Legnica.

Another big commercial deal looms in Europe

schedule 14 October 2014
Tomasz Szpyt-Grzegórski

EUROPE Blackstone is looking for a buyer for Valad Europe, the European arm of the Australian Valad Property Group it owns.

Investment & finance

GTC shareholders say no to share issue

schedule 13 October 2014
Nathan North
managing editor

CEE REGION At an extraordinary general meeting of Globe Trade Centre held in Warsaw today, a vote to go ahead with a planned share issue fell short of the required two-thirds majority.

Investment & finance

CA Immo sells its Eastern European warehouses to P3

schedule 13 October 2014
Rafał Ostrowski
journalist

EUROPE CA Immobilien Anlagen has agreed to sell its 467,000 sqm logistics portfolio in Poland and Romania to warehouse developer P3, owned by TPG Real Estate and Ivanhoé Cambridge.

Echo to break residential record

schedule 13 October 2014
Aneta Cichla

POLAND Kielce-based developer Echo Investment has revealed that it has sold over 330 apartments since the beginning of this year, 120 of which were bought in Q3.

Americans eye Sołowow’s stake in Echo Investment

schedule 10 October 2014
Tomasz Szpyt-Grzegórski

POLAND The 46 pct stake in Kielce-based developer Echo Investment, put up for sale by the company’s founder and biggest shareholder Michał Sołowow earlier this year, has tempted a large US player.

Investment & finance

Polish and Romanian banks most eager to support developers

schedule 10 October 2014
Agata Kłapeć

CEE REGION While less than one third of European banks are considering disposing of part of their commercial loan portfolios within the next 12-18 months, their share reaches 60 pct in Bulgaria, 57 pct in Hungary and 50 pct in both Croatia and Slovenia, according to KPMG’s latest study examining prospects for banks financing the real estate sector.

Investment & finance

PetroLot to sell three office buildings and plots near Warsaw Airport

schedule 10 October 2014
Tomasz Szpyt-Grzegórski

POLAND Airship refuelling services company PetroLot is selling a number properties in the neighbourhood of Warsaw Airport. The starting price for all the properties is PLN 52.3 mln.

Starwood to sell LHG?

schedule 09 October 2014
Nathan North
managing editor

WORLD US equity group Starwood Capital is looking for buyers for its Louvre Hotels Group (LHG) chain, according to French media.

Investment & finance

Metropolitan in Warsaw sold

schedule 09 October 2014
Tomasz Szpyt-Grzegórski

POLAND The Metropolitan office building, designed by Norman Foster, has been sold.

Putin signs property tax rise

schedule 09 October 2014
Rafał Ostrowski
journalist

RUSSIA President Vladimir Putin has signed a new law to increase property taxes.

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