Investment & finance

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Investment & finance

Cushman & Wakefield to be sold off?

schedule 26 February 2015
Agata Kłapeć

WORLD Real estate agent Cushman & Wakefield is being put up for sale in the face of growing property prices and competition, according sources cited by the World Street Journal. The company’s majority owner has reportedly hired Goldman Sachs and Morgan Stanley to find buyer for its stake.

Investment & finance

Kapelanka goes green and golden

schedule 26 February 2015
Rafał Ostrowski
journalist

POLAND The Kapelanka 42 office complex which was developed by Skanska Property Poland in Kraków has been awarded LEED Core&Shell certificate with ‘Gold’ rating.

O1 raises its stake in CA Immo to 26 pct

schedule 26 February 2015
Rafał Ostrowski
journalist

EUROPE Russian investment holding O1 Group has increased its stake in the Austrian commercial real estate investor CA Immo from 16.1 pct to 26 pct.

Ronson to spend PLN 50 mln on land

schedule 25 February 2015
Agata Kłapeć

POLAND Ronson is planning to spend a total of PLN 50 mln on extending its land bank in 2015. The residential developer, which has already concluded a PLN 21 mln preliminary agreement on the purchase in Warsaw’s Wola district this year, is mostly interested in the Warsaw market.

Investment & finance

Prosperus Real Estate Fund I buys North Star

schedule 25 February 2015
Anna Pakulniewicz

LITHUANIA Real estate company MG Valda has sold its shares in BCU2, the owner of the North Star business center in Vilnius, to the real estate investment fund Prosperus Real Estate Fund I.

Investment & finance

Segro posts 72 pct revenue drop in Poland

schedule 25 February 2015
Agata Kłapeć

CEE REGION In its last financial year, Segro has seen its Central European portfolio growing by 5.9 pct y-o-y, while the UK-based warehouse developer’s revenues from the Polish business fell by app. 72 pct, to GBP 8.2 mln, as compared to GBP 30.1 mln in 2013.

Investment & finance

Galeria Metropolia gets PLN 91 mln

schedule 24 February 2015
Aneta Cichla

POLAND Przedsiębiorstwo Budowlane Górski, which is the developer of the Galeria Metropolia shopping centre that is currently being developed in Gdańsk Wrzeszcz, has been given a PLN 91 mln financing for the construction of the project.

Investment & finance

Pbb Deutsche Pfandbriefbank goes private again

schedule 24 February 2015
Tomasz Szpyt-Grzegórski

EUROPE German state-owned Hypo Real Estate Holding has put up for sale a 100-pct stake in Pbb Deutsche Pfandbriefbank, which had been nationalized after the financial turmoil caused by the collapse of Lehman Brothers.

Investment & finance

BIK announces new projects

schedule 24 February 2015
Tomasz Szpyt-Grzegórski

POLAND Biuro Inwestycji Kapitałowych (BIK) is planning to start the construction of two logistic parks and a shopping centre. The new facilities are to be located in the southern part of the country.

Wikana sells Piaseczno plot

schedule 24 February 2015
Aneta Cichla

POLAND Wikana Property, a subsidiary of Wikana, has signed PLN 4.3 mln preliminary sales agreement concerning a land plot located on ul. Żeromskiego in Piaseczno near Warsaw, where it intended to build the Osiedle Żeromskiego residential building. The buyer is Bud-Rim Development.

Investment & finance

Kleba Invest finds buyer for Marki project

schedule 24 February 2015
Tomasz Szpyt-Grzegórski

POLAND Kleba Invest has received a letter of intent concerning the purchase of Prima Park Marki, the company informed.

Investment & finance

CA Immo keeps selling off non-core assets

schedule 24 February 2015
Agata Kłapeć

CZECH REPUBLIC Vienna-based developer CA Immo has disposed of two Czech hotel assets, Prague’s Europort Airport Center and Pilsen’s Diplomat Center, as the company continues to withdraw from the logistics, hotel and residential property segments.

Aareal Bank Group acquires WestImmo for EUR 350 mln

schedule 23 February 2015
Agata Kłapeć

EUROPE German-based Aareal Bank Group has taken over all of the shares of Westdeutsche ImmobilienBank AG (WestImmo), which specialises in commercial property financing, from Erste Abwicklungsanstalt (EAA) for EUR 350 mln.

Skanska optimistic about 2015

schedule 20 February 2015
Agata Kłapeć

CEE REGION Skanska will aim to sell off five office complexes located in Prague, Bucharest, Kraków, Poznań and Katowice this year.

Investment & finance

Czerwona Torebka sells three retail assets

schedule 19 February 2015
Aneta Cichla

POLAND Czerwona Torebka has sold three retail facilities worth jointly PLN 31.9 mln to private investors.

Belgians enter Wrocław

schedule 19 February 2015
Rafał Ostrowski
journalist

POLAND The Polish branch of BPI, a company from the CFE group has finalised the purchase of a plot in the centre of Wrocław.

Investment & finance

Acteeum and Rockcastle buy in Tomaszów

schedule 19 February 2015
Aneta Cichla

POLAND Acteeum group and Rockcastle Global Real Estate have purchased a plot located at the junction of ul. Warszawska and ul. Barlickiego in Tomaszów Mazowiecki, where the investors plan to build Galeria Tomaszów. Formerly, the property was occupied by a textile manufacturer.

Echo and the moneymen

schedule 23 December 2014
Ewa Andrzejewska

POLAND Echo Investment has obtained a EUR 165 mln plus a PLN 14 mln loan (over PLN 700 mln in total) from UK bank HSBC and HSBC Bank Polska.

Investment & finance

PZU satisfied with real estate investment

schedule 18 February 2015
Tomasz Szpyt-Grzegórski

POLAND In 2014, the rate on return on PZU Fundusz Inwestycyjny Zamknięty Sektora Nieruchomości 2, which is managed by TFI PZU, exceeded 11 pct.

Great year for Budimex

schedule 13 February 2015
Aneta Cichla

POLAND 2014 has turned out to be the best ever year for the Budimex group in terms of the value of contracts signed, which amounted to PLN 6.3 bln, a nearly two-fold increase compared to 2013. As of the end of 2014, the value of the company’s real estate portfolio reached PLN 6.1 bln, a 41 pct surge y-o-y.

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Edition 3 (306) March 2026

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