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Investment & finance

Orco switches to selling Orco Germany shares to pay Złota debt

schedule 06 May 2014
Aneta Cichla

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.

Goldman Sachs invests in 01 Properties

schedule 06 May 2014
Rafał Ostrowski
journalist

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.

Investment & finance

Pbb provides loan to seal acquisition of Prague Fashion Arena

schedule 05 May 2014
Nathan North
deputy editor

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.

Investment & finance

EPI Baltic I sells Tallinn mall

schedule 05 May 2014
Rafał Ostrowski
journalist

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.

Investment & finance

Owner of Avans chain files for bankruptcy

schedule 05 May 2014

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.

Investment & finance

Revenue up for Echo

schedule 30 April 2014
Tomasz Szpyt-Grzegórski

POLAND Echo Investment closed 2013 with a net profit of PLN 331.1 mln, compared to PLN 374.1 mln a year earlier.

Warimpex enjoys growth in activity

schedule 30 April 2014
Aneta Cichla

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.

Investment & finance

Mirbud wants to buy Arena Ostróda

schedule 24 April 2014
Aneta Cichla

POLAND Construction company Mirbud is planning to take over Demuth Alfa, the owner of the Arena Ostróda exhibition centre.

Investment & finance

CTP buys another Prague park

schedule 22 April 2014
Nathan North
deputy editor

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.

ICT finalises purchase of O1 Properties stake

schedule 22 April 2014
Rafał Ostrowski
journalist

RUSSIA ICT Group has finalised the purchase of a 26 pct stake in O1 Properties

Investment & finance

Orco given Złota 44 reprieve by Pekao

schedule 22 April 2014
Nathan North
deputy editor

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.

Investment & finance

PPF to buy City Tower?

schedule 21 April 2014
Nathan North
deputy editor

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.

Investment levels to be lowest since crunch

schedule 21 April 2014
Rafał Ostrowski
journalist

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.

Investment & finance

Griffin buys in Kraków

schedule 21 April 2014
Tomasz Szpyt-Grzegórski

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.

Investment & finance

Polish property luring Eastern capital

schedule 21 April 2014
Tomasz Szpyt-Grzegórski

POLAND In Q1 2014 the most active investors on the Polish property investment market were funds that already have properties in Poland.

Investment & finance

Elbfonds prepares properties for sale

schedule 18 April 2014

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.

EY sees bull market for Polish real estate

schedule 18 April 2014
Aneta Cichla

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.

Investment & finance

Immofinanz to take over Galeria Piła

schedule 17 April 2014
Nathan North
deputy editor

POLAND Rank Progress and Immofinanz Group have concluded a preliminary agreement to co-operate on a retail development in Piła.

Investment & finance

Žižkov station memorandum signed

schedule 17 April 2014
Nathan North
deputy editor

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.

Less office space in Prague

schedule 16 April 2014

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.

Edition 11 (293) November 2024

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