Investment & finance

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Investment & finance

Competition office agrees to Złote Tarasy ownership changes

schedule 15 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Złote Tarasy retail and office complex in Warsaw, which is worth over PLN 2 bln, is undergoing further ownership changes.

AmRest enjoys period of growth

schedule 15 May 2014
Aneta Cichla

EUROPE Restaurant and fast-food operator AmRest, which runs such chains as Pizza Hut, KFC, Burger King and Starbucks, has published its financial results for Q1 2014.

Urban gardeners selling properties

schedule 15 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Municipal Gardening Company (MPRO) in Warsaw is disposing of properties in the capital city.

CBRE increases revenue

schedule 12 May 2014
Rafał Ostrowski
journalist

WORLD International consultancy CBRE has recorded USD 1.9 bln in revenue for the first quarter of this year, which signifies a 26 pct increase from 1.5 bln in the corresponding quarter last year.

Investment & finance

Life on Mars

schedule 12 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Mars FIZ fund, which is managed by MS TFI, has decided to establish two subsidiary investment funds: Mars Shipyards & Offshore and Mars Real Estate.

Capital Park invests in high streets

schedule 12 May 2014
Tomasz Szpyt-Grzegórski

POLAND Capital Park has purchased two retail units with a combined area of nearly 686.6 sqm located in Olsztyn and Warsaw.

Domus postpones Euronext IPO

schedule 09 May 2014
Nathan North
managing editor

CZECH REPUBLIC Dutch-registered Czech residential developer Domus, the 100 pct shareholder of RPG Byty, has announced that it is postponing its IPO and listing on the Euronext market in Amsterdam “due to market conditions”.

Better results and profitability at Mirbud

schedule 09 May 2014
Aneta Cichla

POLAND Stock exchange-listed company Mirbud finished the first quarter with positive figures in all segments of its operations as well as a y-o-y improvement of over 2.23 pct in terms of sales profitability.

WAT secures loan for laboratories

schedule 07 May 2014
Tomasz Szpyt-Grzegórski

POLAND The Military University of Technology in Warsaw (WAT) has obtained a preferential loan of PLN 22.5 mln for the development of a number of modern research facilities.

CEE investment volumes keep rising

schedule 07 May 2014
Rafał Ostrowski
journalist

CEE REGION Around EUR 1.37 bln of investment transactions were concluded on the CEE market in Q1, according to JLL.

Budimex improves profitability

schedule 06 May 2014
Aneta Cichla

POLAND The successful limiting of the downward trend in terms of sales, improvements in the profitability of each level of operations, maintaining a high level of cash, as well as building the order portfolio for the next few years – this is how Q1 2014 for the Budimex group was summed up by the president of the board, Dariusz Blocher.

Investment & finance

Billions lying in the grass

schedule 06 May 2014
Tomasz Szpyt-Grzegórski

POLAND A politician who put up for sale a city park such as Pole Mokotowskie in Warsaw, Błonie in Kraków or the Ronald Reagan park in Gdańsk would be unlikely to be a popular choice for re-election.

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
managing 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.

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