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Erbud to issue bonds worth up to PLN 52 mln

schedule 20 March 2014
Tomasz Szpyt-Grzegórski

POLAND Construction company Erbud plans to issue four-year unsecured bearer bonds with a total nominal value of up to PLN 52 mln.

Investment & finance

Praktiker Polska sold to Swiss investor

schedule 20 March 2014

POLAND Swiss strategic Investor Papag AG has bought Praktiker Polska from its insolvent parent company Praktiker Group.

Investment & finance

Vítek removes Ott as Orco CEO

schedule 20 March 2014
Nathan North
deputy editor

CEE REGION The CEO of Orco Property Group, Jean-François Ott, has been dismissed from his position – a move forced by largest shareholder Radovan Vítek.

IVG Private Funds “sold”

schedule 19 March 2014
Nathan North
deputy editor

EUROPE IVG Immobilien has sold its IVG Private Funds Management business (worth EUR 3.4 bln) to another German fund, Deutsche Immobilien, according to press reports.

EUR 33 mln for Eiffel Square

schedule 19 March 2014

HUNGARY Deutsche Pfandbriefbank has provided a EUR 33 mln loan to Europa Capital on behalf of Europa Fund II to refinance the 23,500 sqm Eiffel Square building in Budapest.

Invesco RE opens Warsaw office

schedule 18 March 2014
Ewa Andrzejewska

POLAND Real estate management service company Invesco Real Estate has opened its second CEE office in Warsaw.

Arco Vara plans EUR 200,000 bond issue

schedule 18 March 2014

ESTONIA Arco Vara has announced on the Tallinn Stock Exchange that it is to issue bonds worth EUR 200,000 to its existing shareholders.

J.W. Construction to fund projects with bond issue

schedule 17 March 2014
Aneta Cichla

POLAND J.W. Construction is to have a public issue of 40,554,960 bonds in order to finance a number of projects.

MLP asset value up by 36 pct

schedule 14 March 2014
Aneta Cichla

POLAND Millenium Logistic Parks recorded a 36 pct y-o-y increase in the value of its assets in 2013, up to PLN 508.9 mln.

Investment & finance

Galena construction begins in Jaworzno

schedule 14 March 2014
Aneta Cichla

POLAND Gliwice-based construction company P.A. Nova has started the construction of a shopping centre in Jaworzno.

Realia sells Wilanów plot

schedule 14 March 2014
Nathan North
deputy editor

POLAND Spanish stock exchange-listed developer Realia has sold a 3.5 ha site in Warsaw’s Wilanów district to a large Polish developer.

Investment & finance

Deka sells Florenc Office Center for EUR 34 mln

schedule 14 March 2014
Nathan North
deputy editor

CZECH REPUBLIC Deka Immobilien has sold the Florenc Office Center in Prague 7 to Czech property fund ZFP Investments investiční společnost for app. EUR 34 mln.

Investment & finance

Biedronka has eyes on MarcPol

schedule 13 March 2014

POLAND Jerónimo Martins Polska, the owner of the Biedronka grocery chain, is planning to open app. 300 new stores this year, some of which are to be acquired from the MarcPol chain.

Plaza Centers still leaking money

schedule 13 March 2014

CEE REGION Plaza Centers has announced its results for 2013 with a loss for the year of EUR 218 mln. Compared to a loss of EUR 86 mln for the previous year.

Heineken sells historic brewery

schedule 13 March 2014

ROMANIA Heineken has announced the sale of the Griviţa brewery in Bucharest to a group of real estate investors, including Ionut Dumitrescu, the founder of Eurisko Consulting (a company acquired by CBRE in 2008 for over USD 35 mln).

MirLand increases profitability

schedule 12 March 2014
Rafał Ostrowski
journalist

RUSSIA MirLand Development Corporation has recorded revenues of USD 103.8 mln for 2013, representing a 147.1 pct increase on the USD 42 mln from the previous year.

Record profits for AFI

schedule 12 March 2014

CEE REGION AFI Properties has registered a record profit of EUR 32 mln in 2013 as well as an 85 pct increase in its operating profit to EUR 96.5 mln and an 11 pct y-o-y increase in the company’s net operating income , which totalled EUR 73 mln in 2013.

Investment & finance

Albert to join with Spar

schedule 12 March 2014

CZECH REPUBLIC Ahold, the Dutch company which runs the Albert chain of supermarkets, has agreed to purchase the Czech operations of the Austrian-based grocery chain Spar for over CZK 5.2 bln (app. EUR 191 mln).

Investment & finance

HB Reavis sells, Tatra buys

schedule 12 March 2014
Ewa Andrzejewska

SLOVAKIA HB Reavis has sold three buildings in the five-building City Business Center office complex in Bratislava.

Investment & finance

New ownership for Złote Tarasy

schedule 12 March 2014
Tomasz Szpyt-Grzegórski

POLAND Axa Real Estate Investment Managers France intends to take over the Złote Tarasy office and retail complex in Warsaw, which is valued at over PLN 2 bln. The proposed deal has already been referred to the Office of Competition and Consumer Protection (UOKiK).

Edition 11 (293) November 2024

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