Investment & finance

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Kołobrzeg sells land

schedule 18 February 2014
Aneta Cichla

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

schedule 18 February 2014
Aneta Cichla

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

schedule 17 February 2014
Nathan North
managing editor (English section)

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.

Investment & finance

Brno says no – to Amazon

schedule 17 February 2014
Nathan North
managing editor (English section)

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.

Investment & finance

UGL accused of cooking books by former DTZ head

schedule 17 February 2014
Nathan North
managing editor (English section)

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

schedule 17 February 2014
Aneta Cichla

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.

Investment & finance

PKP plans to develop plot near Gdynia station

schedule 17 February 2014
Aneta Cichla

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

Investment & finance

Milanówek wants to sell Turczynek

schedule 17 February 2014
Aneta Cichla

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

schedule 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).

Investment & finance

Valad secures EUR 310 mln refinancing of Polish retail fund

schedule 12 February 2014
Nathan North
managing editor (English section)

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.

Investment & finance

Gdynia Airport forced by EU to return EUR 21.8 mln

schedule 12 February 2014
Nathan North
managing editor (English section)

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.

Investment & finance

Galeria Ostrowiec changes funds

schedule 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

schedule 11 February 2014
Aneta Cichla

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.

Investment & finance

Willa Krasicki to be sold as offices

schedule 11 February 2014

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

schedule 11 February 2014
Nathan North
managing editor (English section)

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

Investment & finance

SELP buys EUR 472 mln German, French, Polish portfolio

schedule 11 February 2014

EUROPE The Segro European Logistics Partnership, which is jointly owned by Segro and PSP Investments, has acquired a portfolio of industrial properties in Germany, France and Poland for EUR 472 mln.

GTC falls out of WIG 20

schedule 11 February 2014
Nathan North
managing editor (English section)

POLAND Globe Trade Centre has lost its place in the WIG 20 index of the twenty largest companies in terms of capitalisation on the Warsaw Stock Exchange.

Investment & finance

Rondo 1 set to change hands again

schedule 10 February 2014
Aneta Cichla

POLAND German-based Rondo 1 UG, a company controlled by Deutsche Bank RREEF, has applied to the Office of Competition and Consumer Protection (UOKiK) to buy the Rondo 1 office building in Warsaw.

Investment & finance

Skanska Czech suffers CZK 888 mln loss and blames “distorted accounting”

schedule 10 February 2014
Nathan North
managing editor (English section)

CZECH REPUBLIC Skanska Group in the Czech Republic has announced that last year it suffered a CZK 888 mln (app. EUR 32.26 mln) loss after a profit after tax of CZK 357 mln in 2012.

Investment & finance

Griffin takes Nordic Park and Bliski Office Center

schedule 07 February 2014
Aneta Cichla

POLAND Griffin Group has purchased two office buildings in Warsaw: Nordic Park and Bliski Office Center.

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