Investment &amp; finance

CZECH REPUBLIC Brno city council has signed an agreement with local industrial developer CTP to allow the construction of the planned 100,000 sqm Amazon distribution centre in the city.

Delhaize pulls out of Bulgaria

27 February 2014

BULGARIA Belgian retail group Delhaize has agreed to sell its Bulgarian network of stores to AP Mart.

PBO Anioła files for bankruptcy

26 February 2014

POLAND PBO Anioła is to apply for bankruptcy open to arrangements. The company has decided that the effects of its restructuring have so far been insufficient to maintain the company’s financial position.

Alfaredo buys Moldova Mall

26 February 2014

ROMANIA Alfaredo, a company controlled by businessman Gheorghe Iaciu, has bought Moldova Mall in Iași from Equest Balkan Properties (EBP), according to local media (last year, Gheorghe Iaciu also acquired a controlling stake in Romanian developer Impact).

Meyer Bergman buys Fashion Arena for EUR 71.5 mln

26 February 2014

CZECH REPUBLIC TK Development and LMS Outlets Limited have today entered into an agreement to sell the Fashion Arena outlet centre in Štěrboholy (Prague 10) to UK investor Meyer Bergman for EUR 71.5 mln.

Budimex sees lower sales but more profit

POLAND Grupa Budimex has recorded sales worth PLN 4.75 bln for 2013 – a fall of 22 pct on 2012, when the company registered a record turnover of PLN 6.1 bln.

Uzdrowisko Horyniec taken by local authorities

POLAND The Uzdrowisko Horyniec health resort has been taken over by the Podkarpackie regional authorities, which have undertaken to invest in the centre.

Atal obtains financing for Łódź estate

POLAND Development company Atal has been granted a PLN 22 mln loan by Raiffeisen-Polbank to finance the development of an estate on ul. Rolnicza in Łódź.

Final approval for Cinema City and Cineworld merger

Aneta Cichla

CEE REGION At an extraordinary general shareholders’ meeting the shareholders of Cinema City International have approved a plan to merge the company with Cineworld.

Polimex sells HQ

Aneta Cichla

POLAND Polimex-Mostostal has signed a conditional agreement for the sale of the right of perpetual usufruct to a property at ul. Czackiego 15/17 (the location of the company’s head office) to PKO TFI subsidiary Molina.

Russian tycoon to buy quarter of O1 Properties

Rafał Ostrowski
journalist

RUSSIA Russian billionaire, president and key shareholder of ICT Group, Alexander Nesis is close to finalising the purchase of 25 pct plus one share of the investment and development company O1 Properties, according to ‘RBC Daily’.

IVG announces insolvency plan

EUROPE IVG Immobilien has published a restructuring plan, which should lead to the company’s exit from bankruptcy proceedings.

Griffin buys Microsoft HQ

POLAND Griffin Group has purchased Company House II at Al. Jerozolimskie 195A in Warsaw from Axa Real Estate.

PHN to sell historic Warsaw villa

POLAND Polski Holding Nieruchomości is selling a villa on ul. Filtrowa in Warsaw’s Stara Ochota district.

HB Reavis secures EUR 36.5 mln loan for River Garden II/III

CZECH REPUBLIC HB Reavis has secured financing for the construction and project management of its River Garden II/III project in Prague’s Karlín district.

Echo issues bonds worth PLN 100 mln

21 February 2014

Aneta Cichla

POLAND Echo Investment has issued unsecured bonds worth PLN 100 mln that will mature on February 19th 2019.

Revenue down for Orbis

21 February 2014

POLAND Grupa Hotelowa Orbis has recorded a total revenue of PLN 682.6 mln for 2013, 3.8 pct down on the previous year.

Government sells stake in road constructor

20 February 2014

POLAND The government is to sell 382,500 series ‘A’ shares in Przedsiębiorstwo Drogowo-Mostowe in Dębica with a nominal value of PLN 10 each.

Banks stay conservative

20 February 2014