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.
POLAND Ghelamco Poland is planning to build an office complex with a leasable area of app. 50,000 sqm in Kraków.
HUNGARY TriGranit has sold the Millennium Gate building in Budapest to Dutch-registered International Medical Centers for an undisclosed sum.
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.
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).
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.
CZECH REPUBLIC The Prague Stock Exchange has accepted Orco Property Group’s request to delist from the bourse.
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).
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.
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.
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.
ROMANIA AFI Europe has finalised a EUR 32 mln loan it was given by Erste Group-owned Banca Comerciala Romana (BCR) to develop its two Bucharest office buildings, AFI Park 2 and AFI Park 3.
ROMANIA AGI-RRE Hera, a subsidiary of Greek bank Alpha Bank, has paid EUR 14.2 mln to buy the MLP Bucharest Sud logistics park in southern Bucharest.
WORLD In H1 2014, Cushman & Wakefield’s gross revenue increased to nearly USD 1.28 bln, a 23.7 pct y-o-y increase. The company’s commission and service fee revenue increased USD 174.2 mln, a 24.2 pct increase, to a record USD 895.2 mln, compared to USD 721 mln in H1 2013.
POLAND Warsaw-based developer Echo Investment has decided to issue another tranche of bonds addressed to individual investors. Series ‘C’ will include 750,000 of 3.5-year bonds worth PLN 100 each, the company informed.
CEE REGION In H1 2014, the Baltic countries have seen office sector dominating their real estate investment volumes, while their total value reached EUR 385 mln, a 18.4 pct y-o-y drop, says Colliers.
CEE REGION UK-based Segro has managed to arrange a EUR 208 mln loan for European Logistics Partnership (SELP), its 50/50 joint venture with Canadian pension fund Public Sector Pension Investment Board, to co-finance the EUR 472 mln logistics property purchase it is making across Europe.
ROMANIA Israeli-owned shopping center developer Plaza Centers has ultimately given up on its Târgu Mureș retail project, as it has sold the site, valued at EUR 3.5 mln, to an undisclosed developer.
POLAND PKO BP and Pekao Bank Hipoteczny banks have granted a loan to Polski Holding Nieruchomości (PHN) for the construction of the Domaniewska Office Hub project in Warsaw’s Mokotów district.
POLAND The dynamic growth of the Czerwona Torebka group has contributed to an increase in its consolidated revenue in the first half of the year.
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