Investment &amp; finance

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.

Griffin takes Nordic Park and Bliski Office Center

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

P.A. Nova closer to constructing Galena

POLAND Bank Ochrony Środowiska has agreed to finance the Galeria Galena shopping centre in Jaworzno, which is being developed by P.A. Nova.

No buyer for ul. Burakowska plot

Rafał Ostrowski
journalist

POLAND An auction on February 5th for a site at the junction of ul. Burakowska and al. Jana Pawła II in Warsaw’s Wola district was cancelled due to lack of interest.

BBI bond issue worth PLN 53 mln

POLAND BBI Development has issued bonds in a non-public offering with a total nominal value of PLN 53 mln and each bond being worth PLN 1,000.

Bluehouse buys Euromarket Office Center in Kraków

05 February 2014

POLAND Tawstock Estates has finalised the sale of Euromarket Office Center in Kraków to a vehicle managed by Bluehouse Capital.

EU cleans up mortgage market

05 February 2014

EUROPE The European Union has adopted a directive aimed at creating a single market for mortgages in the EU with a high degree of consumer protection.

EBRD invests in Amtel

05 February 2014

EE REGION The European Bank for Reconstruction and Development has invested USD 50 mln in acquiring a minority equity stake in developer Amtel Properties.

Club loan of EUR 132 mln for Pogoria and Karolinka

POLAND Pbb Deutsche Pfandbriefbank, UniCredit Bank Austria AG and Westdeutsche ImmobilienBank have jointly underwritten a EUR 132 mln senior facility to refinance the Pogoria and Karolinka shopping centres in Dąbrowa Górnicza and Opole respectively.

Koneser due diligence completed

POLAND Due diligence has been completed by BBI Development and its partner L&W Development Company for the Centrum Praskie Koneser project in Warsaw.

Robyg redeems bonds early

POLAND Development company Robyg is planning an early redemption of 400,000 D-series bearer bonds and 80,000 G-series bearer bonds.

Shopin comes to Grodzisk

POLAND Budner Investment, the investor behind the Shopin chain of retail parks, has bought a 5,000 sqm plot on ul. Matejki in Grodzisk Mazowiecki.

Niam pulls out of Baltics

LATVIA Niam has sold the Rimi Distribution Center in Riga to the tenant, Rimi Latvia, which is owned by Rimi Baltic.

Azora buys Wrocław office building for EUR 23 mln

Ewa Andrzejewska

POLAND Echo Investment has sold an office building constructed in the second stage of the Aquarius Business House project in Wrocław.

Upside buys Polimeni malls

POLAND Upside Property has purchased three shopping centres with a combined area of 38,000 sqm from Polimeni International

PLN 56 mln from selling Czerwona Torebka properties

POLAND In 2013 Czerwona Torebka sold 104 outlets in Czerwona Torebka shopping arcades with a combined area of 7,800 sqm.

Investment activity still on the rise

Rafał Ostrowski
journalist

EUROPE Commercial real estate investment activity reached EUR 46 bln in Q4 2013, the highest quarterly volume since 2007, according to a preview of DTZ's Investment Market Update for Europe.

PKP looking for investor in Kraków

Rafał Ostrowski
journalist

POLAND Polish State Railways (PKP) is looking for an investment partner for the development of a 1.4 ha site on ul. Bosacka next to Kraków Główny railway station.

Plac Unii officially up for sale

POLAND CBRE has been instructed by Liebrecht & Wood and BBI Development to sell the Plac Unii office and retail centre in central Warsaw.