Investment & finance

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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 (English section)

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 (English section)

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.

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 (English section)

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 (English section)

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 (English section)

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.

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