POLAND Swiss strategic Investor Papag AG has bought Praktiker Polska from its insolvent parent company Praktiker Group.
CEE REGION The CEO of Orco Property Group, Jean-François Ott, has been dismissed from his position – a move forced by largest shareholder Radovan Vítek.
EUROPE IVG Immobilien has sold its IVG Private Funds Management business (worth EUR 3.4 bln) to another German fund, Deutsche Immobilien, according to press reports.
HUNGARY Deutsche Pfandbriefbank has provided a EUR 33 mln loan to Europa Capital on behalf of Europa Fund II to refinance the 23,500 sqm Eiffel Square building in Budapest.
POLAND Real estate management service company Invesco Real Estate has opened its second CEE office in Warsaw.
ESTONIA Arco Vara has announced on the Tallinn Stock Exchange that it is to issue bonds worth EUR 200,000 to its existing shareholders.
POLAND J.W. Construction is to have a public issue of 40,554,960 bonds in order to finance a number of projects.
POLAND Millenium Logistic Parks recorded a 36 pct y-o-y increase in the value of its assets in 2013, up to PLN 508.9 mln.
POLAND Gliwice-based construction company P.A. Nova has started the construction of a shopping centre in Jaworzno.
POLAND Spanish stock exchange-listed developer Realia has sold a 3.5 ha site in Warsaw’s Wilanów district to a large Polish developer.
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.
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.
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.
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).
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.
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.
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).
SLOVAKIA HB Reavis has sold three buildings in the five-building City Business Center office complex in Bratislava.
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).
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
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The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
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