Investment & finance

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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.

Investment & finance

P.A. Nova closer to constructing Galena

schedule 07 February 2014
Aneta Cichla

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

Investment & finance

No buyer for ul. Burakowska plot

schedule 07 February 2014
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

schedule 07 February 2014

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.

Investment & finance

Bluehouse buys Euromarket Office Center in Kraków

schedule 05 February 2014
Nathan North
managing editor (English section)

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

schedule 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.

Investment & finance

EBRD invests in Amtel

schedule 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.

Investment & finance

Club loan of EUR 132 mln for Pogoria and Karolinka

schedule 04 February 2014
Nathan North
managing editor (English section)

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.

Investment & finance

Koneser due diligence completed

schedule 04 February 2014
Aneta Cichla

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

schedule 04 February 2014
Aneta Cichla

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

Investment & finance

Shopin comes to Grodzisk

schedule 04 February 2014
Aneta Cichla

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

schedule 04 February 2014

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

Investment & finance

Azora buys Wrocław office building for EUR 23 mln

schedule 03 February 2014
Ewa Andrzejewska

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

Investment & finance

Upside buys Polimeni malls

schedule 03 February 2014
Aneta Cichla

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

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