POLAND Polimex-Mostostal has finalised a deal with Molina, a fund of PKO BP TFI, to sell its head office building in central Warsaw.
EUROPE Blackstone has closed its fourth European Real Estate Fund at its EUR 5.1 bln cap, the largest ever dedicated European Real Estate fund managed by the company.
EUROPE Porr increased its production output by 19 pct, to over EUR 3.43 mln in 2013 while the value of its order portfolio increased by 36 pct to over EUR 4.59 mln.
POLAND Murapol is to purchase the right of perpetual usufruct to a 8,120 sqm plot on ul. Poznańska in Kraków for PLN 15.67 mln.
POLAND Capital Park group has recorded a 6 pct y-o-y decrease in revenue to PLN 38.8 mln for 2013.
POLAND Futureal Group has signed a definitive agreement to acquire the 50 pct stake it does not own in the Nova Park shopping centre in Gorzów Wielkopolski from Caelum Development, thus increasing its own stake to 100 pct.
CEE REGION Orco Property Group has officially announced that late last year it suspended completion work on the Złota 44 residential tower in Warsaw with the intention of selling it in its current state.
POLAND Kielce-based developer Echo Investment’s portfolio of shopping centres has been valued by Knight Frank as being worth more than PLN 3.4 bln.
POLAND In 2013 Marvipol sold 545 apartments and retail/service units, representing an increase of 80 pct on the figures for 2012.
POLAND “Vantage Development is actively looking for possibilities to develop projects outside Wrocław, which has been the core market for the company up until now,” Edward Laufer, the president of the company’s management board, has announced in a letter addressed to shareholders.
WORLD Swedish automotive manufacturer Scania has appointed JLL as its preferred provider for commercial real estate consultancy and advisory services.
CEE REGION Immofinanz has recorded a net profit of EUR 225.8 mln for the first three quarters of the 2013/14 financial year, an increase of 7.1 pct y-o-y.
CEE REGION Globe Trade Centre is planning to reorganise its real estate portfolio.
POLAND The Inpro group has recorded a consolidated sales revenue of PLN 178.3 mln for 2013, representing a 10.8 pct rise on 2012 (PLN 160.9 mln).
EUROPE The sale of the Silesia City Center mall was the fifth largest of last year’s transactions on the European commercial real estate market, according to Knight Frank’s ‘The Wealth Report 2014’.
ROMANIA Globalworth Real Estate Investments has acquired the Upground Towers residential building with app. 70,000 sqm gba.
POLAND Deutsche Hypothekenbank has opened its new representative office on ul. Chmielna 25 in Warsaw.
POLAND Capital Park has sold a site in Elbląg to Przedsiębiorstwo Budowlane Margo Czepiewski Mariusz for PLN 2.7 mln.
POLAND J.W. Construction Holding generated a consolidated net profit of PLN 11.4 mln in 2013, constituting an 18.8 pct y-o-y growth.
POLAND Retail group Redan generated a net profit of PLN 3.4 mln in 2013, after suffering a loss of PLN 27 mln in 2012.
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