Investment & finance

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Investment & finance

Warimpex disposes of another luxury hotel in Prague

schedule 02 July 2014
Agata Kłapeć

CZECH REPUBLIC Vienna-headquartered property developer Warimpex has sold its last five-star hotel in Prague, the Savoy Hotel, to a private investor, as the company completes the withdrawal from the city’s declining luxury hotel market.

Investment & finance

Polish developer to buy Browary Warszawskie?

schedule 26 June 2014
Tomasz Szpyt-Grzegórski

POLAND One of the most interesting and largest investment plots in Warsaw’s Wola district will most probably soon be changing hands.

Middle Eastern investors to spend USD 145 bln in Europe

schedule 25 June 2014
Rafał Ostrowski
journalist

WORLD/EUROPE Middle Eastern investors are expected to spend USD 180 bln in the world’s commercial real estate markets over the next decade, with 80 pct of it (USD 145 bln) to be allocated in Europe, according to the latest research from global property advisor CBRE.

Investment & finance

Vítek merges CPI into GSG

schedule 23 June 2014
Nathan North
managing editor

CZECH REPUBLIC Radovan Vítek has decided to merge his Czech real estate investment company CPI Group into GSG Group (formerly Orco Germany), with the intention of further expansion into the European property market.

ING agrees to EUR 93.6 mln financing package for CTP

schedule 23 June 2014
Nathan North
managing editor

CZECH REPUBLIC ING bank has agreed to a financing package worth EUR 93.6 mln to Brno-based industrial developer CTP.

Globalworth buys Bucharest plots

schedule 23 June 2014
Rafał Ostrowski
journalist

ROMANIA Investment company Globalworth Real Estate Investments has bought several plots with a combined area of app. 3 ha at the corner of Dimitrie Pompeiu boulevard and George Constantinescu street in Bucharest.

Baring Vostok buys Etalon shares

schedule 23 June 2014
Rafał Ostrowski
journalist

RUSSIA Moscow-based equity firm Baring Vostok has increased its stake in residential real estate developer Etalon Group to 16.39 pct.

Investment & finance

AFI Palace obtains EUR 220 mln refinancing

schedule 23 June 2014
Rafał Ostrowski
journalist

ROMANIA AFI Europe has received a EUR 220 mln loan for the refinancing of the AFI Palace Cotroceni shopping centre in Bucharest.

PIK pockets RUB 23.4 bln loan

schedule 17 June 2014
Nathan North
managing editor

RUSSIA Residential developer PIK Group has signed a loan agreement with VTB Capital to receive a one-year loan of RUB 23.4 bln (app. EUR 500 mln) with an extension option of five years.

Investment & finance

Robyg takes liking to Żoliborz

schedule 17 June 2014
Tomasz Szpyt-Grzegórski

POLAND Robyg group has signed a contract for the purchase of the perpetual usufruct of a plot of almost 5,500 sqm on ul. Przasnyska in Warsaw’s Żoliborz district.

Traffic Club moves towards buying Matras stake

schedule 17 June 2014
Aneta Cichla

POLAND The bookshop chain Matras has made the first step towards a change in ownership – a contract for the purchase of a minority stake in the company has just been signed between its current shareholders and an SPV company affiliated with the Traffic Club company.

Investment & finance

Dexa in Rzeszów changes hands

schedule 17 June 2014
Tomasz Szpyt-Grzegórski

POLAND The Dexa construction and furnishing centre in Rzeszów has been bought by businessman Jarosław Karczewki, who had previously wanted to buy the Millenium Hall mall in the city in 2010.

Eurocash to invest in chains

schedule 17 June 2014
Tomasz Szpyt-Grzegórski

POLAND Eurocash is to buy a controlling stake in the Inmedio chain of newsagents and is investing in the 1minute concept.

Investment & finance

Skanska sells Balabenka to CIB Group

schedule 16 June 2014
Nathan North
managing editor

CZECH REPUBLIC Skanska Property Czech Republic has sold its Balabenka office building in Libeň (Prague 9) to CIB Group.

Investment & finance

DTZ sold to TGP Capital

schedule 16 June 2014
Nathan North
managing editor

WORLD UGL has entered into a binding agreement for the sale of real estate services company DTZ to a private equity consortium led by US group TPG Capital for AUD 1.215 bln.

Asseco takes over aqua park in Sopot from Prokom

schedule 14 June 2014
Tomasz Szpyt-Grzegórski

POLAND The Podkarpacki Fundusz Nieruchomości (PFN) real estate fund, which is managed by Asseco Poland, has bought an aqua park in Sopot from Prokom Investments.

Investment & finance

CBRE GI fund buys Płock mall

schedule 12 June 2014
Nathan North
managing editor

POLAND The CBRE European Shopping Centre Fund (ESCF), managed by CBRE Global Investors, has acquired the Galeria Mazovia Shopping Centre in Płock.

Investment & finance

Orco sells quarter of Sunčani Hvar

schedule 12 June 2014
Nathan North
managing editor

CROATIA Orco Property Group (OPG) has announced that on June 11th it entered into a transaction concerning the partial disposal of its stake in the Sunčani Hvar (SHH) resort on the Croatian island of Hvar

Investment & finance

ČSOB to sell CZK 1 bln of properties

schedule 11 June 2014
Nathan North
managing editor

CZECH REPUBLIC ČSOB is to restructure its real estate portfolio by selling four properties in Prague.

Colliers opens TriCity branch

schedule 11 June 2014
Nathan North
managing editor

POLAND Colliers International has officially opened an office in Gdańsk.

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