Investment &amp; finance

Nathan North
managing editor (English section)

CEE REGION Orco Property Group has recorded a net loss of EUR 53.4 mln for the first quarter.

Media Expert aiming to take over Avans

POLAND Terg, the owner of the Media Expert chain of electronic goods stores, has submitted a proposal for the acquisition of Domex (the owner of the Avans chain) to official receiver of the latter company.

Griffin buys more land in Wola

POLAND Griffin Group has bought two plots at auction from Zakłady Graficzne Dom Słowa Polskiego in Warsaw's Wola district close to the city centre.

Biedronka to buy MarcPol stores

POLAND The Office of Competition and Consumer Protection (UOKiK) has ruled that the acquisition of eleven MarcPol supermarkets by Jeronimo Martins Polska (the owner of the Biedronka chain) would not have a significant negative anti-competitive influence on the market.

Warimpex loses out on falling ruble

EUROPE Warimpex has recorded a EUR 7.6 mln loss for the first quarter of this year.

HB Reavis closer to buying Arkády

CZECH REPUBLIC The city of Hradec Králové has given Slovakian developer HB Reavis its consent for buying the local Arkády shopping centre project from German developer ECE.

Echo companies issue PLN 84 mln of bonds

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.

HB Reavis signs contract for refinancing Gdański Business Center

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.

PGZ arms itself with property

02 June 2014

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.

Sołowow company buys Komfort chain

30 May 2014

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.

Growing demand for residential plots

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.

Bilfinger Infrastructure up for sale

POLAND/GERMANY The management board of Bilfinger Group has decided to sell its construction branch, according to a recent press release.

Robyg shares out profits

POLAND Robyg has decided to pay dividends of PLN 0.08 per share.

Prologis buys logistics park from Skanska

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 a favourite of global investors

28 May 2014

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.

Blackstone buys EUR 118.2 mln Polish portfolio

28 May 2014

POLAND Blackstone’s European logistics platform Logicor has bought a EUR 118.2 mln Polish logistics portfolio from Standard Life Investments Select Property Fund.

Carrefour looking to sell concept for 10 ha in Gliwice

28 May 2014

POLAND Carrefour and Krakinwest have created a concept for the development of a 10 ha site owned by Carrefour Polska in Gliwice.

Successful start to the year for Marvipol

27 May 2014

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.

IVG sells StefániaPark

23 May 2014

HUNGARY IVG has sold the StefániaPark office building located in the fourteenth district of Budapest.

Liebrecht & Wood sells Romanian PM business

23 May 2014