Investment &amp; finance

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.

Record profits for AFI

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.

Albert to join with Spar

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).

HB Reavis sells, Tatra buys

Ewa Andrzejewska

SLOVAKIA HB Reavis has sold three buildings in the five-building City Business Center office complex in Bratislava.

New ownership for Złote Tarasy

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).

Peakside targets projects worth app. EUR 200 mln

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

Honey, who shrunk Warsaw?

POLAND Park Miniatur Województwa Mazowieckiego (PMWM) is planning to build a miniature town in Warsaw with 50 models of the capital’s buildings on a 3.5 ha plot.

Marvipol refinances Bielany estate

POLAND Marvipol has acquired a PLN 43 mln loan from Getin Noble Bank to refinance the Bielany Residence estate on ul. Sokratesa in Warsaw.

Leach & Lang advises on transactions worth PLN 40 mln in Kraków

POLAND Leach & Lang Property Consultants has recently advised on three transactions in Kraków with a combined value of PLN 40 mln.

Unidevelopment raises PLN 20 mln

POLAND Unidevelopment has issued bonds with a nominal value of PLN 20 mln in a non-public offering.

Poznań City Center sold

POLAND Resolution Real Estate Fund IV and ECE Prime European Shopping Centre Fund have purchased the Poznań City Center shopping centre for an undisclosed price.

Central European Retail Fund launched

POLAND/CZECH REPUBLIC Warburg - Henderson has launched the Central European Retail Fund, which is aimed at institutional investors and will invest in retail properties in Poland and the Czech Republic.

More bonds issued by GTC

POLAND Globe Trade Centre has issued 20,000 bonds worth PLN 200 mln to Polish financial institutions with the funds to be used to roll over bonds that mature in April as well as to finance the future development of the company.

Slovaks take over Szczyrkowski ski resort

POLAND Slovak-based Tatry Mountain Resorts has taken a 97 pct stake in the Szczyrkowski Ośrodek Narciarski ski resort, which owns 25 km of ski slopes. The acquisition was finalised on March 5th.

PBO Anioła in trouble

POLAND ING Bank Śląski and Bank Millennium have terminated their loan agreements PBO Anioła and its subsidiaries.

Raven Russia with strong results

RUSSIA Warehouse developer Raven Russia has recorded a 37 pct y-o-y increase in net operating income for 2013, up from USD 135.6 mln in 2012 to USD 186.4 mln.

Secure Property to buy 17,000 sqm logistics park in Bucharest

ROMANIA Secure Property Development & Investment is to acquire the Innovations logistics park in Bucharest from Myrian Nes and Theandrion Estates.

IVG snaps up Chmielna 25

POLAND IVG Warsaw Investment Fund, managed by IVG Institutional Funds, has acquired the Chmielna 25 building from LHI.

Polski Holding Obronny sells out properties

07 March 2014

POLAND Polski Holding Obronny (PHO) is to sell an area of 4.7 ha near the Fort Wola shopping centre in Warsaw’s Wola district.

Warsaw land under the hammer

07 March 2014