Investment & finance

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Investment & finance

Deka sells Florenc Office Center for EUR 34 mln

schedule 14 March 2014
Nathan North
managing editor

CZECH REPUBLIC Deka Immobilien has sold the Florenc Office Center in Prague 7 to Czech property fund ZFP Investments investiční společnost for app. EUR 34 mln.

Investment & finance

Biedronka has eyes on MarcPol

schedule 13 March 2014

POLAND Jerónimo Martins Polska, the owner of the Biedronka grocery chain, is planning to open app. 300 new stores this year, some of which are to be acquired from the MarcPol chain.

Plaza Centers still leaking money

schedule 13 March 2014

CEE REGION Plaza Centers has announced its results for 2013 with a loss for the year of EUR 218 mln. Compared to a loss of EUR 86 mln for the previous year.

Heineken sells historic brewery

schedule 13 March 2014

ROMANIA Heineken has announced the sale of the Griviţa brewery in Bucharest to a group of real estate investors, including Ionut Dumitrescu, the founder of Eurisko Consulting (a company acquired by CBRE in 2008 for over USD 35 mln).

MirLand increases profitability

schedule 12 March 2014
Rafał Ostrowski
journalist

RUSSIA MirLand Development Corporation has recorded revenues of USD 103.8 mln for 2013, representing a 147.1 pct increase on the USD 42 mln from the previous year.

Record profits for AFI

schedule 12 March 2014

CEE REGION AFI Properties has registered a record profit of EUR 32 mln in 2013 as well as an 85 pct increase in its operating profit to EUR 96.5 mln and an 11 pct y-o-y increase in the company’s net operating income , which totalled EUR 73 mln in 2013.

Investment & finance

Albert to join with Spar

schedule 12 March 2014

CZECH REPUBLIC Ahold, the Dutch company which runs the Albert chain of supermarkets, has agreed to purchase the Czech operations of the Austrian-based grocery chain Spar for over CZK 5.2 bln (app. EUR 191 mln).

Investment & finance

HB Reavis sells, Tatra buys

schedule 12 March 2014
Ewa Andrzejewska

SLOVAKIA HB Reavis has sold three buildings in the five-building City Business Center office complex in Bratislava.

Investment & finance

New ownership for Złote Tarasy

schedule 12 March 2014
Tomasz Szpyt-Grzegórski

POLAND Axa Real Estate Investment Managers France intends to take over the Złote Tarasy office and retail complex in Warsaw, which is valued at over PLN 2 bln. The proposed deal has already been referred to the Office of Competition and Consumer Protection (UOKiK).

Investment & finance

Peakside targets projects worth app. EUR 200 mln

schedule 12 March 2014
Tomasz Szpyt-Grzegórski

POLAND/CZECH REPUBLIC Peakside Capital finalised transactions worth EUR 220 mln in 2013. Currently, the group is preparing for more acquisitions and is reviewing properties with a total value app. EUR 200 mln in Germany, Poland and the Czech Republic. I

Investment & finance

Honey, who shrunk Warsaw?

schedule 12 March 2014
Rafał Ostrowski
journalist

POLAND Park Miniatur Województwa Mazowieckiego (PMWM) is planning to build a miniature town in Warsaw with 50 models of the capital’s buildings on a 3.5 ha plot.

Marvipol refinances Bielany estate

schedule 11 March 2014

POLAND Marvipol has acquired a PLN 43 mln loan from Getin Noble Bank to refinance the Bielany Residence estate on ul. Sokratesa in Warsaw.

Leach & Lang advises on transactions worth PLN 40 mln in Kraków

schedule 11 March 2014
Rafał Ostrowski
journalist

POLAND Leach & Lang Property Consultants has recently advised on three transactions in Kraków with a combined value of PLN 40 mln.

Unidevelopment raises PLN 20 mln

schedule 11 March 2014
Tomasz Szpyt-Grzegórski

POLAND Unidevelopment has issued bonds with a nominal value of PLN 20 mln in a non-public offering.

Investment & finance

Poznań City Center sold

schedule 11 March 2014

POLAND Resolution Real Estate Fund IV and ECE Prime European Shopping Centre Fund have purchased the Poznań City Center shopping centre for an undisclosed price.

Central European Retail Fund launched

schedule 11 March 2014

POLAND/CZECH REPUBLIC Warburg - Henderson has launched the Central European Retail Fund, which is aimed at institutional investors and will invest in retail properties in Poland and the Czech Republic.

More bonds issued by GTC

schedule 11 March 2014

POLAND Globe Trade Centre has issued 20,000 bonds worth PLN 200 mln to Polish financial institutions with the funds to be used to roll over bonds that mature in April as well as to finance the future development of the company.

Slovaks take over Szczyrkowski ski resort

schedule 10 March 2014
Tomasz Szpyt-Grzegórski

POLAND Slovak-based Tatry Mountain Resorts has taken a 97 pct stake in the Szczyrkowski Ośrodek Narciarski ski resort, which owns 25 km of ski slopes. The acquisition was finalised on March 5th.

PBO Anioła in trouble

schedule 10 March 2014
Tomasz Szpyt-Grzegórski

POLAND ING Bank Śląski and Bank Millennium have terminated their loan agreements PBO Anioła and its subsidiaries.

Raven Russia with strong results

schedule 10 March 2014
Rafał Ostrowski
journalist

RUSSIA Warehouse developer Raven Russia has recorded a 37 pct y-o-y increase in net operating income for 2013, up from USD 135.6 mln in 2012 to USD 186.4 mln.

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