POLAND Orco Property Group (OPG) has given up on its recently announced plans to obtain a bridge loan to help it to pay back PLN 250 mln worth of liabilities to Pekao bank related to the development of the Złota 44 building in Warsaw.
RUSSIA Goldman Sachs International has bought a 6 pct stake (5.1 mln class ‘B’ ordinary shares) in Russian investment and development company O1 Properties for USD 100 mln.
CZECH REPUBLIC Pbb Deutsche Pfandbriefbank is to provide a EUR 39 mln loan to UK investor Meyer Bergman for the acquisition of the Prague Fashion Arena outlet centre.
ESTONIA The EPI Baltic I fund, managed by Northern Horizon Capital (NHI), has completed the sale of the De la Gardie shopping centre to Estonian investment company Lepidus Invest.
POLAND Domex group, which is owned by brothers Arkadiusz and Sławomir Tomala, has filed for bankruptcy open to arrangement at the district court in Tarnobrzeg.
POLAND Echo Investment closed 2013 with a net profit of PLN 331.1 mln, compared to PLN 374.1 mln a year earlier.
POLAND “On the basis of our solid financial results and further sales transactions for successful projects, we can see a lot of potential in new development activities,” Franz Jurkowitsch, the president of the board of Warimpex has declared at the launch of an office project next to the Chopin hotel in Kraków.
POLAND Construction company Mirbud is planning to take over Demuth Alfa, the owner of the Arena Ostróda exhibition centre.
CZECH REPUBLIC CTP has bought the D1 Zone – Nupaky Logistics Park on the south eastern outskirts of Prague from UK investor Mosaic Property and Czech-Irish investment group Kilcullen Kapital Partners for an undisclosed sum.
RUSSIA ICT Group has finalised the purchase of a 26 pct stake in O1 Properties
POLAND Orco Property Group has announced that on April 17th it concluded that an agreement with Pekao bank for the acquisition of loan receivables and collateral related to the Zlota 44 residential tower project in Warsaw.
CZECH REPUBLIC PPF Group, owned by Czech businessman Petr Kellner, is poised to buy the City Tower office building in Pankrác (Prague 4), according to local media.
RUSSIA Investment levels could be the lowest in the post-crisis period and comparable to total investment volumes in 2009, when the volume reached USD 3.2bn, according to JLL.
POLAND Griffin Group has acquired two of the office buildings forming part of the Centrum Biurowe Lubicz complex in Kraków from Polonia Property Fund I.
POLAND In Q1 2014 the most active investors on the Polish property investment market were funds that already have properties in Poland.
POLAND BNP Paribas Real Estate Capital Markets is to advise Elbfonds in its portfolio management, including the sale of selected properties and advice on project financing.
POLAND The trends shaping the Polish real estate market include an increase in transaction volumes, a return of speculative investments to the warehouse market, and rising interest in residential portfolio investments, according to research by consultancy EY.
POLAND Rank Progress and Immofinanz Group have concluded a preliminary agreement to co-operate on a retail development in Piła.
CZECH REPUBLIC A co-operation memorandum has been signed to redevelop the derelict Prague-Žižkov freight train station in Prague 3 into a cultural and educational centre.
CZECH REPUBLIC Total modern office stock in Prague decreased by the end of the first quarter of 2014 and stood at 2.9 mln sqm with class ‘A’ properties accounting for app. 72 pct of the stock, according to the Prague Research Forum.
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