Investment & finance

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Investment & finance

Žižkov station memorandum signed

schedule 17 April 2014
Nathan North
managing editor (English section)

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 (English section)

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 (English section)

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”.

Investment & finance

Palmer Capital seals sale & leaseback with Bang & Olufsen

schedule 14 April 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Bang & Olufsen has completed the sale & leaseback of their industrial premises in Kopřivnice Industrial Park in Moravia-Silesia to UK investor Palmer Capital for EUR 11.5 mln.

Three companies interested in WPH privatisation

schedule 11 April 2014
Tomasz Szpyt-Grzegórski

POLAND Three companies have been allowed to do a limited assessment of the condition of Wojskowe Przedsiębiorstwo Handlowego [the Military Trading Company] in Warsaw.

Dom Development to pay over PLN 54.49 mln to shareholders

schedule 11 April 2014

POLAND Dom Development has earmarked PLN 54.49 mln to be paid in dividends to shareholders.

GE takes stake in Gant

schedule 11 April 2014
Tomasz Szpyt-Grzegórski

POLAND The Global Energy group (GE), which is listed on the WSE , has purchased nearly 2.5 mln shares in Gant Development, a developer which is currently in bankruptcy open to arrangements.

Ghelamco buys Polimex Powiśle plot

schedule 10 April 2014
Nathan North
managing editor (English section)

POLAND A subsidiary of developer Ghelamco has bought a plot of almost 1,000 sqm at ul. Elektryczna 2A in Warsaw from Polimex-Mostostal.

Investment & finance

P3 set to buy Tristan portfolio?

schedule 10 April 2014
Nathan North
managing editor (English section)

EUROPE PointPark Properties (P3) is reported to be poised to buy a warehouse portfolio of around 930,000 sqm in Poland, the Czech Republic, Austria and Germany.

Investment & finance

Orco halves its own value

schedule 09 April 2014
Nathan North
managing editor (English section)

CEE REGION Orco Property Group has effected a halving of its corporate capital to EUR 114,507,629

Housing association financed by bonds

schedule 09 April 2014
Tomasz Szpyt-Grzegórski

POLAND Bank Gospodarstwa Krajowego is to organise the first Polish issue of long-term bonds for a housing association.

Robyg sells more

schedule 09 April 2014

POLAND In Q1 of this year the Robyg group sold 576 apartments in Warsaw and Gdańsk, a rise of over 90 pct on Q1 2013.

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