Investment & finance

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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 (English section)

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 (English section)

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 (English section)

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 (English section)

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 (English section)

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 (English section)

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 (English section)

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.

AFI completes EUR 32 mln financing for Bucharest project

schedule 09 September 2014
Agata Kłapeć

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.

Alpha Bank buys MLP Bucharest Sud for EUR 14.2 mln

schedule 08 September 2014
Nathan North
managing editor (English section)

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.

Cushman & Wakefield in the green

schedule 08 September 2014
Tomasz Szpyt-Grzegórski

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.

Echo Investment to issue another tranche of bonds

schedule 08 September 2014
Aneta Cichla

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.

Investment & finance

Offices draw largest investment across Baltics

schedule 04 September 2014
Agata Kłapeć

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.

Segro finalises EUR 208 mln loan for SELP

schedule 04 September 2014
Agata Kłapeć

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.

Plaza Centers gets rid of distressed Romanian asset

schedule 04 September 2014
Agata Kłapeć

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.

Investment & finance

PHN secures funds for Domaniewska Office Hub

schedule 04 September 2014
Aneta Cichla

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.

Investment & finance

Czerwona Torebka to move into overdrive

schedule 04 September 2014
Aneta Cichla

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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