POLAND Three subsidiaries of Echo Investment have issued ten-year bonds with a combined value of PLN 84 mln. Projekt Echo–70 has issued bonds worth PLN 44 mln, while Echo–Arena and Echo–SPV 7 have issued PLN 4 mln and PLN 36 mln respectively.
POLAND HB Reavis has concluded a loan agreement with Bank Zachodni WBK and BNP Paribas for the refinancing of the Gdański Business Center project (building 'A') in Warsaw.
POLAND State-owned company Polska Grupa Zbrojeniowa (PGZ), as well as companies from its own armaments sector, will also include businesses operating on the real estate market.
POLAND The Office of Competition and Consumer Protection (UOKiK) has consented to the acquisition of the Sklepy Komfort carpet store chain, by Barcocapital Investment, a holding company directly controlled by billionaire (and largest shareholder of Echo Investment) Michał Sołowow.
POLAND Emmerson Evaluation has carried out an analysis of transaction prices for investment land offered for sale in 2013 in Kraków, Poznań, Wrocław and the TriCity.
POLAND/GERMANY The management board of Bilfinger Group has decided to sell its construction branch, according to a recent press release.
POLAND Robyg has decided to pay dividends of PLN 0.08 per share.
CZECH REPUBLIC Prologis has acquired from Skanska the R6 Logistics Park, located app. 20 km northwest of Prague, close to Prague Václav Havel Airport.
POLAND Investors consider Poland to be one of the most important global markets, ahead of Japan, Canada, Holland, Belgium and Sweden in this respect – according to the ‘KPMG Real Estate Invest Survey – An Outlook for 2014’ report.
POLAND Blackstone’s European logistics platform Logicor has bought a EUR 118.2 mln Polish logistics portfolio from Standard Life Investments Select Property Fund.
POLAND Carrefour and Krakinwest have created a concept for the development of a 10 ha site owned by Carrefour Polska in Gliwice.
POLAND Automotive and development group Marvipol generated a net profit of PLN 19.7 mln in Q1, compared to PLN 5.8 mln in the same period in 2013.
HUNGARY IVG has sold the StefániaPark office building located in the fourteenth district of Budapest.
ROMANIA The Romanian branch of the Liebrecht & Wood Group has sold its property management company WeCare to the group’s former partners.
CZECH/SLOVAKIA Slovakian electronic goods retail group Nay has signed an agreement with UK network Dixons Retail to buy the Czech and Slovak stores of Electro World.
ROMANIA Revetas Capital is negotiating the purchase of the Vitantis Shopping Center in Bucharest from investment fund Equest Balkan Properties (EBP), according to Mediafax.
POLAND PHN is continuing work on the Domaniewska Office Hub building and has finished an office project on ul. Foksal (both in Warsaw), and is continuing the Wrocław Industrial Park development together with Segro – according to a company report.
POLAND In Q1 2014 the Robyg group sold 576 apartments net (90 pct more than in the same period a year earlier) – more than any other Polish developer over the quarter.
POLAND In the first quarter of 2014 J.W. Construction Holding, sold 248 housing units.
POLAND In Q1 2014 the operating revenue of Echo Investment amounted to PLN 111.8 ml whereas its net profit was PLN 408.3 mln.
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