Investment &amp; finance

POLAND Deutsche Hypothekenbank has opened its new representative office on ul. Chmielna 25 in Warsaw.

Capital Park sells Elbląg project

POLAND Capital Park has sold a site in Elbląg to Przedsiębiorstwo Budowlane Margo Czepiewski Mariusz for PLN 2.7 mln.

J.W. Construction enjoys sales growth

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.

Redan turns things around

Tomasz Szpyt-Grzegórski

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.

Insolvency plan agreed for IVG

EUROPE Creditors and shareholders of IVG Immobilien have approved an insolvency plan for the German real estate investor.

Erbud to issue bonds worth up to PLN 52 mln

20 March 2014

Tomasz Szpyt-Grzegórski

POLAND Construction company Erbud plans to issue four-year unsecured bearer bonds with a total nominal value of up to PLN 52 mln.

Praktiker Polska sold to Swiss investor

20 March 2014

POLAND Swiss strategic Investor Papag AG has bought Praktiker Polska from its insolvent parent company Praktiker Group.

Vítek removes Ott as Orco CEO

20 March 2014

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.

IVG Private Funds “sold”

19 March 2014

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.

EUR 33 mln for Eiffel Square

19 March 2014

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.

Invesco RE opens Warsaw office

18 March 2014

Ewa Andrzejewska

POLAND Real estate management service company Invesco Real Estate has opened its second CEE office in Warsaw.

Arco Vara plans EUR 200,000 bond issue

18 March 2014

ESTONIA Arco Vara has announced on the Tallinn Stock Exchange that it is to issue bonds worth EUR 200,000 to its existing shareholders.

J.W. Construction to fund projects with bond issue

17 March 2014

Aneta Cichla

POLAND J.W. Construction is to have a public issue of 40,554,960 bonds in order to finance a number of projects.

MLP asset value up by 36 pct

Aneta Cichla

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.

Galena construction begins in Jaworzno

Aneta Cichla

POLAND Gliwice-based construction company P.A. Nova has started the construction of a shopping centre in Jaworzno.

Realia sells Wilanów plot

POLAND Spanish stock exchange-listed developer Realia has sold a 3.5 ha site in Warsaw’s Wilanów district to a large Polish developer.

Deka sells Florenc Office Center for EUR 34 mln

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.