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Blackstone closes largest ever European Real Estate fund

schedule 31 March 2014
Rafał Ostrowski
journalist

EUROPE Blackstone has closed its fourth European Real Estate Fund at its EUR 5.1 bln cap, the largest ever dedicated European Real Estate fund managed by the company.

Investment & finance

Porr triples its dividends

schedule 28 March 2014

EUROPE Porr increased its production output by 19 pct, to over EUR 3.43 mln in 2013 while the value of its order portfolio increased by 36 pct to over EUR 4.59 mln.

Murapol to build in Kraków

schedule 28 March 2014

POLAND Murapol is to purchase the right of perpetual usufruct to a 8,120 sqm plot on ul. Poznańska in Kraków for PLN 15.67 mln.

Investment & finance

Capital Park whets its appetite for some shopping

schedule 28 March 2014
Tomasz Szpyt-Grzegórski

POLAND Capital Park group has recorded a 6 pct y-o-y decrease in revenue to PLN 38.8 mln for 2013.

Investment & finance

Futureal Group buys all of Nova Park

schedule 28 March 2014
Rafał Ostrowski
journalist

POLAND Futureal Group has signed a definitive agreement to acquire the 50 pct stake it does not own in the Nova Park shopping centre in Gorzów Wielkopolski from Caelum Development, thus increasing its own stake to 100 pct.

Investment & finance

Złota 44 “major financial failure” – Orco

schedule 27 March 2014
Nathan North
deputy editor

CEE REGION Orco Property Group has officially announced that late last year it suspended completion work on the Złota 44 residential tower in Warsaw with the intention of selling it in its current state.

Echo malls worth more

schedule 26 March 2014
Aneta Cichla

POLAND Kielce-based developer Echo Investment’s portfolio of shopping centres has been valued by Knight Frank as being worth more than PLN 3.4 bln.

Investment & finance

Marvipol sees profits rise

schedule 26 March 2014
Aneta Cichla

POLAND In 2013 Marvipol sold 545 apartments and retail/service units, representing an increase of 80 pct on the figures for 2012.

Investment & finance

Vantage looks to expand beyond Wrocław

schedule 26 March 2014
Aneta Cichla

POLAND “Vantage Development is actively looking for possibilities to develop projects outside Wrocław, which has been the core market for the company up until now,” Edward Laufer, the president of the company’s management board, has announced in a letter addressed to shareholders.

JLL to advise Scania

schedule 26 March 2014
Rafał Ostrowski
journalist

WORLD Swedish automotive manufacturer Scania has appointed JLL as its preferred provider for commercial real estate consultancy and advisory services.

Investment & finance

Higher net profit with declining revenue for Immofinanz

schedule 25 March 2014
Tomasz Szpyt-Grzegórski

CEE REGION Immofinanz has recorded a net profit of EUR 225.8 mln for the first three quarters of the 2013/14 financial year, an increase of 7.1 pct y-o-y.

Investment & finance

GTC to sell and buy

schedule 25 March 2014
Aneta Cichla

CEE REGION Globe Trade Centre is planning to reorganise its real estate portfolio.

Sales rise for Inpro

schedule 24 March 2014

POLAND The Inpro group has recorded a consolidated sales revenue of PLN 178.3 mln for 2013, representing a 10.8 pct rise on 2012 (PLN 160.9 mln).

Investment & finance

Silesia sale among five largest European deals

schedule 24 March 2014
Rafał Ostrowski
journalist

EUROPE The sale of the Silesia City Center mall was the fifth largest of last year’s transactions on the European commercial real estate market, according to Knight Frank’s ‘The Wealth Report 2014’.

Upground Towers changes hands

schedule 24 March 2014

ROMANIA Globalworth Real Estate Investments has acquired the Upground Towers residential building with app. 70,000 sqm gba.

Investment & finance

Deutsche Hypo opens Warsaw office

schedule 24 March 2014
Nathan North
deputy editor

POLAND Deutsche Hypothekenbank has opened its new representative office on ul. Chmielna 25 in Warsaw.

Investment & finance

Capital Park sells Elbląg project

schedule 21 March 2014

POLAND Capital Park has sold a site in Elbląg to Przedsiębiorstwo Budowlane Margo Czepiewski Mariusz for PLN 2.7 mln.

J.W. Construction enjoys sales growth

schedule 21 March 2014

POLAND J.W. Construction Holding generated a consolidated net profit of PLN 11.4 mln in 2013, constituting an 18.8 pct y-o-y growth.

Redan turns things around

schedule 21 March 2014
Tomasz Szpyt-Grzegórski

POLAND Retail group Redan generated a net profit of PLN 3.4 mln in 2013, after suffering a loss of PLN 27 mln in 2012.

Investment & finance

Insolvency plan agreed for IVG

schedule 21 March 2014
Nathan North
deputy editor

EUROPE Creditors and shareholders of IVG Immobilien have approved an insolvency plan for the German real estate investor.

Edition 11 (293) November 2024

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