Investment &amp; finance

Rafał Ostrowski
journalist

POLAND The Jupiter shopping centre at ul. Towarowa 22 in Warsaw has changed hands.

EUR 20 bln to be invested in New Moscow

07 March 2014

RUSSIA The investment costs for the development of New Moscow are expected to exceed RUB 7 tln (EUR 20 bln) by 2035, according to Vladimir Zhidkin the head of Moscow’s department for the Development of New Territories, who participated in the Russian Investment and Building Forum in Moscow earlier this week.

Rank Progress to sell four shopping centres

06 March 2014

POLAND Rank Progress is negotiating the sale of four malls in Poland.

Orco announces share issue

05 March 2014

EUROPE Orco Group subsidiary Orco Germany is to issue 76,600,000 new shares to Stationway Properties, a company affiliated to Orco co-founder Jean-François Ott.

Okam buys land for new estates

POLAND Residential developer Okam Capital has signed a preliminary agreement to purchase a plot at ul. Konstruktorska 7 in Warsaw.

Warsaw goes to Cannes

POLAND The city of Warsaw is to have a stand at the upcoming MIPIM fair in Cannes. The city will be showcasing both commercial projects and investment land offered for sale.

Finance for Forum Poprad

Nathan North
managing editor (English section)

SLOVAKIA VÚB Banka and Slovenská Sporiteľňa are to provide finance for the development of the Forum Poprad shopping centre in Poprad in the High Tatras.

Creative centre sold to Butembo

ESTONIA The Telliskivi Loomelinnak creative centre in Tallinn has been sold for EUR 4.8 mln by the Eastern Europe Real Estate Investment Fund (EEREIF) to Swedish company Butembo, according to Estonian media.

Soros takes stake in IGD

EUROPE Soros Fund Management, owned by the billionaire George Soros, has bought a 5 pct stake in Immobiliare Grande Distribuzione (IGD), the owner of Romanian shopping centre manager Winmarkt.

IKEA planning to invest EUR 2 bln in Russia

Rafał Ostrowski
journalist

RUSSIA Swedish furniture giant IKEA is planning to invest EUR 2 bln into its business in Russia by 2020.

Many orders for Mirbud

POLAND Construction and development group Mirbud’s order portfolio for 2014 is worth PLN 800 mln.

Plot for sale after litigation

POLAND A 16.2 ha site at ul. Żwirki i Wigury 2b near the Fryderyk Chopin Airport in Warsaw is to be put up for sale.

Twelve projects planned by Echo

POLAND Echo Investment generated revenue of PLN 309 mln in 2013. This year the group is planning to start twelve projects, including six office developments and six residential estates.

New player on Polish investment market

28 February 2014

Rafał Ostrowski
journalist

POLAND Commercial real estate fund manager Palmer Capital is opening an office in Warsaw.

Metro Cash & Carry Russia prepares for IPO

28 February 2014

RUSSIA German retailer and distributor Metro intends to divest up to 25 pct of its shareholding in its Russian subsidiary.

Wojskowe Przedsiębiorstwo Handlowe to be privatised

POLAND The Polish government is looking for investors interested in the acquisition of the Wojskowe Przedsiębiorstwo Handlowe company.

New project on pl. Trzech Krzyży

POLAND Two properties at the junction of ul. Mokotowska and ul. Hoża (pl. Trzech Krzyży) in Warsaw have been acquired by a newly established company which is now working on an architectural concept for the site.

Erbud sees order portfolio increase

POLAND At the end of 2013 Erbud had an order portfolio worth app. PLN 1.6 bln, app. PLN 1.2 bln of which is to be built this year.

Sfinks says farewell to Czechs

POLAND/CZECH REPUBLIC Sfinks Polska subsidiary Sfinks Czech & Slovakia has been liquidated by the courts due to bankruptcy.

PHN to sell historic Warsaw villa