Investment & finance

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CEE market heading for record year

schedule 07 October 2014
Rafał Ostrowski
journalist

CEE REGION The investment volume in the CEE region could reach between EUR 6 and 7 bln by the year-end, marking the highest level since the economic downturn, according to research by JLL.

Investment & finance

Bricomarché takes over 14 Nomi stores

schedule 06 October 2014
Aneta Cichla

POLAND Grupa Muszkieterów has announced that the Bricomarché chain of DIY supermarkets has taken over 14 stores of Nomi – which is in liquidation and has thus become the owner of the majority of retail outlets of the brand (Nomi has 24 locations).

Redan finishes restructuring

schedule 06 October 2014
Tomasz Szpyt-Grzegórski

POLAND With the sale of a minority stake in the company which controls the TextilMarket chain, Redan can now finish its restructuring ahead of schedule and look forward to new projects.

Good Q3 on Russian real estate investment market

schedule 06 October 2014
Rafał Ostrowski
journalist

RUSSIA In Q3 2014, the total investment volume on the Russian market came to USD 1.3 bln, slightly more than the USD 1.2 bln recorded last year, according to Cushman & Wakefield.

Hochtief gets rid of residential developer

schedule 06 October 2014
Agata Kłapeć

EUROPE German construction company Hochtief has sold its Munich-based residential development company formart to Activum SG, as the Group continues to review its core business operations and implement reorienting strategy.

Investment & finance

BNP provides finance for Marcredo

schedule 06 October 2014
Nathan North
managing editor

POLAND BNP Paribas Real Estate has advised Elbfonds on the acquisition of funds for its Marcredo Center Kutno shopping centre investment.

Investment & finance

Atrium buys Focus Mall Bydgoszcz for EUR 122 mln

schedule 06 October 2014
Nathan North
managing editor

POLAND Atrium European Real Estate Limited has agreed to acquire Focus Mall in Bydgoszcz from Aviva Investors for EUR 122 mln.

Investment & finance

Świeradów-Czerniawa health resort bought by KGHM

schedule 06 October 2014
Aneta Cichla

POLAND The privatisation process for the Świeradów-Czerniawa health resort has been completed by Polska Grupa Uzdrowisk.

Investment & finance

CPI buys land and Bratislava building

schedule 03 October 2014
Nathan North
managing editor

CZECH REPUBLIC/SLOVAKIA CPI Property Group has announced that it has entered into agreements to buy 20,000 ha of farmland in the Czech Republic and the Poštová Office Center in Bratislava.

O1 Group acquires EUR 295 mln stake in CA Immo

schedule 02 October 2014
Rafał Ostrowski
journalist

EUROPE Cyprus-based O1 Group has bought a 16.35 pct stake in CA Immobilien Anlagen from Unicredit Bank Austria for EUR 295 mln.

Knight Frank improves financial results

schedule 02 October 2014
Agata Kłapeć

WORLD In its last financial year, real estate agent Knight Frank has seen a record GBP 392.7 mln turnover, a 12 pct y-o-y increase, while it generated GBP 136.6 mln profit, a 33 pct y-o-y boost.

Investment & finance

Plaza Centers sells Kragujevac mall

schedule 02 October 2014
Nathan North
managing editor

SERBIA Plaza Centers has completed the sale of its Kragujevac Plaza shopping centre for EUR 38.6 mln.

Investment & finance

Castle Carbery sells Cirrus to Adgar

schedule 02 October 2014
Nathan North
managing editor

POLAND Irish investor Castle Carbery Properties, on behalf of Mazovia Holdings II, has sold the Cirrus office building in Warsaw’s Mokotów district to a subsidiary of Tel Aviv Stock Exchange listed Adgar Investments & Development.

Investment & finance

YIT offloads Grand Office in Vilnius

schedule 01 October 2014
Nathan North
managing editor

LITHUANIA Finnish construction and development giant YIT has signed agreements to sell three properties, including Grand Office in Vilnius, to different parties.

Russian real estate investment 10 pct down in Q3

schedule 01 October 2014
Rafał Ostrowski
journalist

RUSSIA Investment volumes on the Russian real estate market in Q3 reached USD 1.4 bln, 10 pct down y-o-y, according to the latest research by JLL.

Another bank calls in EFH debt

schedule 01 October 2014
Tomasz Szpyt-Grzegórski

POLAND Bank Zachodni WBK has terminated the loan agreement concluded with Europejski Fundusz Hipoteczny (EFH) for the construction of Hotel Król Kazimierz in Kazimierz Dolny.

Murapol adds to land bank

schedule 01 October 2014
Aneta Cichla

POLAND Murapol has purchased two new properties: a 1.5 ha plot on ul. Niepołomnicka in Gdańsk and 0.6 ha on ul. Polskiego Czerwonego Krzyża in Toruń.

Lumi Capital buys Tallinn office building

schedule 30 September 2014
Agata Kłapeć

ESTONIA Baltics real estate investment company Lumi Capital and a private Estonian investor have acquired Flora, an office building located on Tulika street in Tallinn.

Warsaw city hall to sell ‘Pekin’

schedule 30 September 2014
Tomasz Szpyt-Grzegórski

POLAND The mayor of Warsaw has signed a directive putting up for sale a tenement building and plot at ul. Złota 83 in Warsaw’s Wola district.

Investment & finance

PGNiG Termika sells Warsaw office building

schedule 30 September 2014
Tomasz Szpyt-Grzegórski

POLAND Power supplier PGNiG Termika has put a property up for sale at ul. Wybrzeże Kościuszkowskie 43 in Warsaw’s Powiśle district.

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