Investment &amp; finance

ROMANIA South African-owned investor in the Romanian property market NEPI have announced in an annual report that it has bought a 7.4 ha site in Piatra Neamț in the north-east of the country.

CEE office yields harden in H1 2014

31 July 2014

CEE REGION The first half of the year has seen many European office rentals improving, along with the prime yields hardening in some of the CEE cities, including Bucharest (-50 bps), Budapest (-25 bps) and Prague (-25 bps), a study by Colliers International shows.

Rafał Ostrowski
journalist

Echo Investment in talks to sell two shopping malls

30 July 2014

Tomasz Szpyt-Grzegórski

POLAND Warsaw-listed developer Echo Investment is negotiating a sale of two Polish shopping centres: Pasaż Grunwaldzki in Wrocław and Galaxy in Szczecin.

CBRE revenue up 22 pct

30 July 2014

WORLD CBRE generated USD 2.1 bln in revenue in the second quarter of the year, representing a 22 pct increase from the figure of USD 1.7 bln recorded in Q2 2013.

Robyg buys Żoliborz plot

29 July 2014

Tomasz Szpyt-Grzegórski

POLAND Robyg Żoliborz Investment has finalised the purchase of a plot in Warsaw’s Żoliborz district.

PKP publishes list of parties interested in Warszawa Główna Osobowa

29 July 2014

Ewa Andrzejewska

POLAND Six entities are interested in the development of the area of the former Warszawa Główna Osobowa railway station, the Polish State Railways (PKP) has announced.

South Korea’s pension fund to invest USD 800 mln in Poland

29 July 2014

POLAND South Korea’s state-run pension fund is set to invest 820 bln South Korean won (USD 800 mln) in a portfolio of real estate assets in Poland, including "two shopping malls and a power transmission tower,” according to Reuters.

Office and retail plots go under the hammer

Tomasz Szpyt-Grzegórski

POLAND Warsaw city council has invited tenders for plots with combined area of 3,800 sqm in Warsaw’s Bielany district.

Rank Progress secures loan for retail park

POLAND Rank Progress has been granted a loan by MBank Hipoteczny for the construction of a retail park near Krosno.

Foncière Euris to finance construction of Serenada

Ewa Andrzejewska

POLAND Mayland Real Estate, the developer of Kraków’s Serenada shopping centre, has found a partner for the project.

ING loans EUR 33.5 mln for IFP Erste building in Warsaw

POLAND ING Bank Śląski has provided a EUR 33.5 mln loan to IFP Erste Immobielenfonds für Polen to refinance a building at Al. Jerozolimskie 156 in Warsaw.

Volksbank Romania offloads EUR 490 mln in loans

ROMANIA Deutsche Bank, H.I.G. and AnaCap Financial Partners LLP have jointly acquired a EUR 495 mln portfolio of non-performing and sub-performing loans from Volksbank Romania, whose strategic shareholders include the Austrian bank Volksbanken Holding eGen (51.6 pct) and the Republic of Austria (43.3 pct).

Hines buys Ambassador

POLAND US property investor Hines has announced that the Hines Poland Sustainable Income Fund (HPSIF) has bought the Warsaw office building Ambassador from Spanish-owned Kronos Real Estate for an undisclosed sum.

Immofinanz sells Czech and Polish parks

POLAND/CZECH REPUBLIC Immofinanz Group has sold two logistics properties – Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague.

Accor Group raises EUR 900 mln from bond issue

25 July 2014

Ewa Andrzejewska

EUROPE French hotel giant Accor Group has issued perpetual hybrid bonds estimated at EUR 900 mln. Although the securities have no maturity date, they will be first callable after June 30th, 2020, with yield reaching 4.125 pct.

CEE markets increasingly attract investors

24 July 2014

Rafał Ostrowski
journalist

CEE REGION In Q2 2014, Romania, Hungary, the Czech Republic and Poland have seen an enormous growth in the commercial real estate investment driven by low interest rates and strong appetite for properties, according to the latest research by CBRE.

Russian LSR records 67 pct sales growth in H1

21 July 2014

RUSSIA In the first half of the year, St Petersburg-based developer LSR Group has seen a 67 pct y-o-y increase in residential sales.

Retail drives commercial property yields in Europe

18 July 2014

EUROPE/ CEE REGION In Q2 2014, European all-property yield rate has dropped by seven basis points, while the biggest changes occurred in the high street retail and shopping centre sectors, falling by 11 bps and 16 bps respectively, according to a survey by CBRE.

European bonanza? Banks to offload EUR 584 bln to non-core real estate

17 July 2014

EUROPE/ CEE REGION 46 European banks and asset management agencies have a gross exposure of EUR 584 bln to non-core real estate which is subject to disposal or work-out strategies, according to the latest research by Cushman & Wakefield.

CEE real estate markets excel in transparency

17 July 2014