Investment &amp; finance

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

Housing association financed by bonds

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

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.

Dom Development sells 400 apartments in Q1

POLAND Dom Development has published its preliminary sales results for Q1 2014, during which time it sold 400 apartments, representing an 18 pct increase on Q1 2013 (339 apartments).

EBRD approves EUR 200 mln for road improvements

UKRAINE The European Bank for Reconstruction and Development has approved a loan of EUR 200 mln as part of the second tranche of financing for the Pan-European Corridors road project.

Mirland takes full control of Vernissage Mall

07 April 2014

RUSSIA Mirland has bought 49.5 pct of the shares in the Vernissage Mall in Yaroslav (250 km northeast of Moscow) from Goodrock Real Estate and now holds 100 pct stake in the shopping centre.

Holcim and Lafarge to merge

07 April 2014

EUROPE Building material suppliers Holcim and Lafarge are to merge to become LafargeHolcim.

VIG Fund buys Havlíčkova Plaza

07 April 2014

CZECH REPUBLIC FIM Group has finalised the sale of its Havlíčkova Investment vehicle, which owns Havlíčkova Plaza in central Prague, to VIG Fund for an undisclosed sum.

Two banks to finance second stage of B4B

Aneta Cichla

POLAND ING Bank Śląski and MBank will jointly provide a EUR 87 mln loan to finance construction work on the second stage of the Bonarka For Business office project in Kraków, which is being developed by Trigranit Development Corporation together with the IPR group.

Record quarter for Ronson

POLAND In the first quarter of 2014 Ronson sold 206 apartments, 56 pct more than in the corresponding period last year when 132 apartments were sold.

Kingfisher to buy Mr. Bricolage

EUROPE British DIY chain operator Kingfisher, the owner of Castorama in Poland and Russia as well as Brico Market in Romania, has entered into exclusive negotiations to buy French DIY chain Mr Bricolage.

Prologis issues PEPF II bonds

EUROPE Prologis has issued eurobonds worth EUR 300 mln for its Prologis European Properties Fund II (PEPF II).

Polimex-Mostostal agrees to sell girder factory

POLAND Polimex-Mostostal is to sell the Zakład Konstrukcji Stalowych factory in Rudnik nad Sanem to TMT Trading.

BNP Paribas grants financing to Echo Investment

POLAND Echo Investment has been issued loans worth over EUR 30 mln by BNP Paribas Bank Polska to finance and refinance the construction of the first two stages of the A4 Business Park complex in Katowice .

Pbb loans Tristan EUR 33 mln for Praha City Center

CZECH REPUBLIC Pbb Deutsche Pfandbriefbank has provided a EUR 33 mln loan to Curzon Capital Partners III for its recent acquisition of the Praha City Center office building in central Prague.

Rondo 1 changes hands for EUR 300 mln

POLAND Deutsche Asset & Wealth Management has finalised the acquisition of the Rondo 1 office complex in central Warsaw for around EUR 300 mln.

Złota 44 financing recalled

02 April 2014

POLAND Orco has 30 days to repay two outstanding loans of PLN 170.1 mln and EUR 19.6 mln.

Rafał Ostrowski
journalist

W.P. Carey finalises Lipowy Office Park purchase

01 April 2014

POLAND W.P. Carey has finalised the purchase of Lipowy Office Park in Warsaw for EUR 115 mln, acting through its REIT affiliates CPA®:17-Global and CPA®:18-Global and SPV company Kimberley.