Investment &amp; finance

POLAND Warimpex Finanz- und Beteiligungs Aktiengesellschaft has approved a bond issue with a total nominal value of PLN 200 mln (EUR 50 mln), which are to be released in a number of tranches.

PKP looks for partner for Wrocław project

18 February 2014

POLAND Polish State Railways (PKP) is looking for a partner to redevelop the Wrocław Świebodzki railway station including the neighbouring 28 ha site.

Kołobrzeg sells land

18 February 2014

POLAND The town of Kołobrzeg has announced that it will begin the sale of land on ul. Mazowiecka on March 28th as well as a residential estate on ul. Unii Lubelskiej and ul. Okopowa on April 4th.

Successful last quarter of the year for Fabryka Formy

18 February 2014

POLAND The Fabryka Formy chain of fitness clubs generated net sales revenue in Q4 2013 almost 77 pct higher than the same period in 2012.

CPI now the top Czech retailer player

CZECH REPUBLIC Czech investor CPI Group is now the single largest owner of retail space in the country, according to research by Cushman & Wakefield that points to Czech retail returning to local ownership.

Brno says no – to Amazon

CZECH REPUBLIC Members of Brno city council have voted to reject contracts necessary for the construction of a distribution hub for online retailer Amazon on the outskirts of the city.

UGL accused of cooking books by former DTZ head

WORLD Australian construction group UGL has been accused of false accounting and racial discrimination in an unfair dismissal lawsuit brought by the former global CEO of DTZ, its property services wing.

Successful Q4 for LPP

CEE REGION The fourth quarter of last year turned out to be a successful one for the LPP clothing store group, the owner of the Reserved, House, Cropp, Mohito and Sinsay chains.

PKP plans to develop plot near Gdynia station

POLAND The Polish State Railways (PKP) is looking for a joint investor to develop an area close to Gdynia’s main railway station.

Milanówek wants to sell Turczynek

POLAND Turczynek, a 10 ha plot including two historic villas of the Toeplitz family in Milanówek, has been put up for sale.

Time to invest in Polish property

13 February 2014

POLAND The economic stability, the size of the local market, the availability of qualified workers and the broad range of investment possibilities – these are only a few of the advantages of the Polish market that make the country one of the best places to invest in real estate, according to the ‘Investing in Poland’ report published by BNP Paribas Real Estate and the Polish Agency for Foreign Investment (PAIiIZ).

Valad secures EUR 310 mln refinancing of Polish retail fund

12 February 2014

POLAND Diversified property investment manager Valad Europe has completed the EUR 310 mln refinancing of its Valad Polish Retail Fund through three new loan facilities.

Gdynia Airport forced by EU to return EUR 21.8 mln

12 February 2014

POLAND The European Commission has decided that public funding granted by the municipalities of Gdynia and Kosakowo to Gdynia Airport has broken EU competition rules.

Galeria Ostrowiec changes funds

12 February 2014

POLAND Fprop Opportunities, a fund that is 76.2 pct owned by London-based First Property Group, has bought the Galeria Ostrowiec shopping centre in Ostrowiec from USS Fprop Managed Property Portfolio, a fund managed by First Property Asset Management.

Auchan finalises takeover of Real centres

POLAND A wave of retail space renegotiations awaits the owners of shopping centres anchored by Real hypermarkets after the chain’s recent acquisition by Auchan, which has just been finalised.

Willa Krasicki to be sold as offices

POLAND The Willa Krasicki 2 company has put up for sale its Willa Krasicki building for PLN 25.5 mln.

Polish investor mood buoyant, Ukraine more gloomy – says E&Y report

CEE REGION Poland has the most attractive real estate market in Europe among local investors, according to a survey by Ernst & Young.

SELP buys EUR 472 mln German, French, Polish portfolio