Investment &amp; finance

POLAND The Metropolitan office building, designed by the famous Norman Foster, may soon be sold.

Contractor chosen for Szczecin station redevelopment

11 August 2014

POLAND Polish State Railways (PKP) has chosen a consortium made up of Winnicki and Maxto for the redevelopment of Szczecin railway station under the ‘design and build’ formula.

Arco Vara sees 57 pct drop in H1

08 August 2014

CEE REGION Estonian developer Arco Vara, which also actively operates in Latvia and Bulgaria, has posted below expectations H1 results as the Group’s operational revenues reached EUR 2.2 mln, a 57 pct drop y-o-y, and its development services income decreased by 80 pct.

Bilfinger CEO quits as annual forecast drops

05 August 2014

CEE REGION German real estate and construction company Bilfinger has reduced its projection for 2014 results again. Its net profit is now expected to hover around EUR 205 mln and EUR 220 mln, EUR 25 mln down compared to the previous financial adjustment made just five weeks ago.

Hungarian transaction volumes see 46 pct boost in H1

05 August 2014

HUNGARY In the first half of the year, total real estate transaction volumes in Hungary have increased by 46 pct, to EUR 283 mln. The number includes EUR 231 mln of income-generating investment deals, a record high level since 2011, according to Colliers International.

New plot in Okam’s hands

Aneta Cichla

POLAND Residential developer Okam Capital has purchased another plot in Warsaw’s Służewiec district.

Starwood finalises Ghelamco negotiations

POLAND American fund SOF-IX International Holdings, which is owned by Starwood Capital Group, is set to buy three office buildings built by Ghelamco.

Robyg buys Służew plot

Nathan North
managing editor

POLAND Robyg Group has signed an agreement to buy an 8.5 ha plot in Warsaw’s Służew district (south Mokotów).

Spar sale to Ahold goes through

Nathan North
managing editor

CZECH REPUBLIC Brno competition authorities have approved the sale of Spar Czech Republic to Dutch retailer Ahold.

Immofinanz posts 62.8 pct growth in annual profit

CEE REGION In its last fiscal year, the Austrian real estate company Immofinanz Group has seen net profit rising by 62.8 pct, to EUR 180.4 mln.

Inpro leases back Hotel Mikołajki

POLAND Inpro has signed a letter of intent for the sale and leaseback of the five-star Hotel Mikołajki by Mleasing.

Ghelamco buys land for office building

POLAND Ghelamco has bought two plots in Warsaw’s Mokotów district for the development of an office building with an area of app. 20,000 sqm.

Polimex sells another property

Aneta Cichla

POLAND Polimex-Mostostal is continuing with its restructuring process through the sale of properties unrelated to the main operations of the company.

AMW sells 38 ha military plot in Ciechanów

POLAND Polish Military Property Agency (AMW) has put up for sale a 37.7 ha land plot in Ciechanów. Located on ul. Wojska Polska, app. 1.5 km from the city centre, the plot is packed with 84 military buildings.

Skanska wants to take over five star hotel in Warsaw

POLAND/EUROPE Skanska Central Europe Holding is about to take over SPS Investment, the majority stake owner of Warsaw’s Westin hotel.

Czarnecki takes over Hajdarowicz land plots in Kraków

POLAND Not Murapol but LC Corp, a company owned by the Polish millionaire Leszek Czarnecki, will buy a 6.4 ha Kraków land plot. The seller is the Jupiter fund, a part of the Gremi group that is owned by Grzegorz Hajdarowicz.

Czerwona Torebka sees improved sales in H1 2014

POLAND In the first half of 2014, Czerwona Torebka has managed to sell 54 units worth nearly PLN 31 mln. Their total leasable area reached 4,900 sqm, a three-fold y-o-y increase, the company informed

Bad-debt weakened Erste posts EUR 930 mln loss in H1

CEE REGION Austrian banking group Erste has seen a EUR 929.7 mln loss in the first half of 2014 driven by the writedowns and tax regulations across the CEE markets.

OTP Group acquires Romanian Millennium Bank for EUR 39 mln