Investment & finance

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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
managing 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
managing 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
managing 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
managing 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.

Record revenue for Cushman & Wakefield

schedule 16 April 2014

WORLD Cushman & Wakefield has announced that its gross revenue increased by 21.9 pct to a record USD 2.498 bln in 2013 from USD 2.05 bln in the previous year.

PHN to pay nearly PLN 100 mln of dividends

schedule 16 April 2014

POLAND Polski Holding Nieruchomości is to pay out a total of PLN 99,849,486.24 in dividends (PLN 2.16 per share) for 2013.

Komputronik in the black

schedule 16 April 2014

POLAND Komputronik has released its preliminary results for Q1 2014 with a revenue of PLN 451.1 mln, up by 22 pct on the PLN 369.7 mln recorded in the same quarter of the previous year.

Segro restructures debt

schedule 15 April 2014

EUROPE UK-based warehouse developer Segro has agreed new and amended bank facilities totalling EUR 460 mln.

Etalon increases sales and announces first dividend

schedule 15 April 2014
Rafał Ostrowski
journalist

RUSSIA According to an announcement yesterday Russian residential developer Etalon Group’s board of directors recommended the payment of its first dividend, of USD 0.075 per share for the year ended December 31st, 2013.

Investment & finance

Penta enters Polish property scene with Warsaw plot purchase

schedule 15 April 2014
Nathan North
managing editor

POLAND Slovakian fund Penta Investments has made ​​its first transaction on the Polish market, buying land in Warsaw’s Mokotów district for the construction of an office building.

Poznań sells land in retail district

schedule 15 April 2014
Tomasz Szpyt-Grzegórski

POLAND The Wielkopolski Rynek Hurtowy company, which is majority owned by the city of Poznań, is to auction a plot of almost 14 ha for a starting price of PLN 42.2 mln.

Investment & finance

J.W. Construction in need of cash injection

schedule 14 April 2014
Tomasz Szpyt-Grzegórski

POLAND The shareholders of J.W. Construction Holding have approved a proposed rights issue.

Investment & finance

Blackstone poised to buy Panattoni Park Prague Airport?

schedule 14 April 2014
Nathan North
managing editor

CZECH REPUBLIC US investor Blackstone is close to buying the Panattoni Park Prague Airport warehousing complex in Dobrovíz on the outskirts of the capital, according to the E15.cz website, which cites “several reliable sources”.

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