Investment & finance

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Inter IKEA Property Division creates Vastint platform

schedule 30 September 2014
Aneta Cichla

EUROPE Nine business units owned by Inter IKEA Property Division have been rebranded under its Vastint platform.

Unidevelopment raises PLN 20 mln from bonds

schedule 30 September 2014
Aneta Cichla

POLAND Unidevelopment, the development arm of Unibep, has raised PLN 20 mln from placing ‘A’ series bonds on the Catalyst market.

Mitiska REIM buys Serbian retail park

schedule 26 September 2014
Rafał Ostrowski
journalist

SERBIA Brussels-based Mitiska REIM on behalf of its specialist real estate fund First Retail International (FRI) has bought an 85 pct stake in the Capitol Park Šabac retail park in Serbia.

Investment & finance

Futureal sells Budapest office building

schedule 26 September 2014
Agata Kłapeć

HUNGARY CEE developer Futureal has sold a Vision Towers office building in Budapest, which accommodates KPMG’s Hungarian headquarters, to Erste Real Estate Fund. The 11,125 sqm North building makes the first stage of the Vision Towers complex.

Investment & finance

BGK and JESSICA to support Hala Koszyki

schedule 25 September 2014
Aneta Cichla

POLAND Bank Gospodarstwa Krajowego (BGK) has arranged an app. EUR 81 mln financing for Hala Koszyki, the revitalization project that is currently being developed in Warsaw by Griffin Group.

HM Inwest issues shares to speed up

schedule 24 September 2014
Aneta Cichla

POLAND Polish residential developer HM Inwest plans on issuing PLN 9.5 mln shares. The money raised would help the company with purchasing 3-4 plots for new residential projects in Warsaw and Katowice.

Murapol buys in Katowice

schedule 22 September 2014
Tomasz Szpyt-Grzegórski

POLAND Bielsko-based developer Murapol is purchasing a land plot in Katowice. The company has signed a preliminary contract for buying a 1.77-ha parcel on ul. Bażantów in Katowice with a net worth of PLN 5 mln.

GTC aims to issue more shares to invest in CEE

schedule 19 September 2014

CEE REGION Warsaw-listed real estate investor Globe Trade Centre (GTC) is planning to issue 140 mln of new shares. The general meeting of shareholders, when the decision is set to be made, will take place on October 13th, 2014.

Investment & finance

PHN plans major purchases in new strategy

schedule 15 September 2014
Tomasz Szpyt-Grzegórski

POLAND Polski Holding Nieruchomości (PHN) has announced its new strategy to take it up to 2023. By this time the company wants to have increased the net value of its assets by almost 75 pct and spend app. PLN 1 bln on acquiring office buildings that generate revenue from leasing.

Investment & finance

Bullish twelve months ahead for CEE

schedule 15 September 2014
Agata Kłapeć

CEE REGION While in Q2 2014 most of the CEE real estate markets still had to face post crisis challenges, their long-term forecasts have continued to improve, says RICS in its latest report.

Investment & finance

Ghelamco in talks with Hajdarowicz over Kraków project

schedule 15 September 2014
Tomasz Szpyt-Grzegórski

POLAND Ghelamco Poland is planning to build an office complex with a leasable area of app. 50,000 sqm in Kraków.

Investment & finance

TriGranit sells Millennium Gate

schedule 12 September 2014
Nathan North
managing editor

HUNGARY TriGranit has sold the Millennium Gate building in Budapest to Dutch-registered International Medical Centers for an undisclosed sum.

EIB grants CZK 1 bln infrastructure loan for Ostrava

schedule 12 September 2014
Nathan North
managing editor

CZECH REPUBLIC The European Investment Bank (EIB) is to provide a loan of CZK 1 bln (app. EUR 37 mln) to finance the development of municipal infrastructure in Ostrava.

Investment & finance

ECE sells Trio in Vilnius

schedule 11 September 2014
Nathan North
managing editor

LITHUANIA Austrian investor ECE European City Estates has sold the Trio office complex in Vilnius to Swedish private investor Nordic and Baltic Property Group (NBP).

Investment & finance

W.P. Carey buys and leases Nokia building in Kraków

schedule 11 September 2014
Nathan North
managing editor

POLAND W. P. Carey, through its non-traded REIT CPA®:17–Global, has completed the acquisition in a sale-leaseback of an office/R&D facility in Kraków with Nokia Corporation.

Date set for Orco delisting from PSE

schedule 11 September 2014
Nathan North
managing editor

CZECH REPUBLIC The Prague Stock Exchange has accepted Orco Property Group’s request to delist from the bourse.

Polish developers take out less loans

schedule 11 September 2014
Agata Kłapeć

POLAND In the last year, the process of obtaining property bank financing in Poland has become more difficult for developers, while the activity of the cooperative banks in providing this kind of backing decreased. Meanwhile, the largest creditors’ market share improved, according to a study by the Polish Association of Development Companies (PZFD).

Investment & finance

GLL buys Wenceslas Square diamond

schedule 11 September 2014
Nathan North
managing editor

CZECH REPUBLIC The Diamant building on Wenceslas Square in Prague has been bought by a German-based fund manager GLL Real Estate Partners (represented by SPI) for an undisclosed sum.

Investment & finance

Augustine Hotel sold to Russian investor

schedule 09 September 2014
Nathan North
managing editor

CZECH REPUBLIC Russian private investment firm GledenInvest has completed the acquisition of the five-star plus Augustine Hotel in Prague’s Malá Strana district from Raiffeisen Evolution.

East Capital buys Baltic grocer’s EUR 13.4 mln premises

schedule 09 September 2014
Agata Kłapeć

ESTONIA Stockholm-based asset manager East Capital has acquired the logistics centre and offices owned and occupied by the Baltic grocery retailer Rimi Eesti Food near Tallinn, worth EUR 13.4 mln.

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