Investment &amp; finance

POLAND Protea Development, a subsidiary of PBO Anioła, has concluded a preliminary agreement for the purchase of a plot in Warsaw.

Abramovich buys White Gardens

Rafał Ostrowski
journalist

RUSSIA Russian billionaire Roman Abramovich's investment company Millhouse has acquired the White Gardens class ‘A’ office centre in Moscow.

Feniks in IVG’s hands

POLAND IVG Warschau Fonds, an investment fund managed by IVG Institutional Funds, has bought the Feniks office building on ul. Żelazna in Warsaw for app. EUR 39 mln.

First Property Group buys stake in Blue Tower Plaza

POLAND UK investor First Property Group has bought a 19.7 pct stake in Blue Tower Plaza (also known as the Blue Skyscraper) on pl. Bankowy in Warsaw, for EUR 5.23 mln.

Atrium sees income growth

POLAND At the end of Q3 the market value of the income portfolio of Atrium Real Estate in Poland (which constitutes 50.3 pct of the income property portfolio of the company) came to EUR 1.2 bln.

PPF takes over O2 Arena

14 November 2013

CZECH REPULIC PPF has become the majority owner of the O2 Arena in Prague after acquiring KKCG’s 50 pct stake in Lindus Services Limited.

Plaza Centers to default on bond repayments

14 November 2013

CEE REGION Israeli-owned CEE shopping centre developer Plaza Centers has announced that it will be unable to make an app. EUR 15 mln payment due to Polish bondholders on November 18th 2013 and an app. EUR 17 mln payment due to Israeli bondholders on December 31st 2013.

Best Q3 since crisis

EUROPE The value of investment transactions on the commercial property market in Q3 2013 increased by 17.7 pct compared to the same period last year, according to research by Cushman & Wakefield.

Orbis finishes Q3 on the up

POLAND For the third quarter the like-for-like EBITDA of the Orbis hotel group amounted to PLN 69.8 mln compared to PLN 60.9 mln in 2012.

Emerson buys plant for EUR 10 mln

HUNGARY US-owned manufacturer Emerson Process Management Magyarország has bought a 25,000 sqm industrial building on a 12 ha site in the Sóstó Industrial Park in Székesfehérvár (central Hungary).

Finep sells City West B1

CZECH REPUBLIC Cimex has bought the City West B1 office building from Finep in Stodůlky (Prague 13) for an undisclosed sum, in what Finep claims to be one of the largest transactions in the last three years

Riga Plaza receives EUR 59 mln injection

LATVIA Plaza Centers’ 50 pct Latvian subsidiary has obtained a EUR 59.3 mln refinancing loan for the Riga Plaza shopping centre.

Marvipol selling more and more

11 November 2013

POLAND Warsaw-based developer Marvipol sold 473 apartments over the first nine months of the year – almost 200 more than the 278 residential units it sold in the same period last year.

P.A. Nova building permit for Galena and Q3 results

11 November 2013

POLAND P.A. Nova has received the final building permit for the Galena shopping centre in Jaworzno.

PKP finds buyer for Katowice office building

11 November 2013

POLAND Polish State Railways (PKP) has found a buyer for the office building that used to house Śląska Dyrekcja Okęgowa Kolei Państwowej Polskie Koleje Państwowe (The Silesian District Directorate for Polish State Railways).

AFI Development sells building for USD 91.5 mln

Rafał Ostrowski
journalist

RUSSIA AFI Development has signed a binding agreement to sell building ‘1’ of the Aquamarine III office complex in Moscow to a Russian state-controlled corporation.

Cluj plans science park

ROMANIA An operating permit has been issued to set up the Tetapolis science and technology park in Cluj county, local media reports.

Alpha takes on Blue Tower

ROMANIA Alpha Bank subsidiary AGI-RRE Poseidon has purchased the Blue Tower Colentina residential block with 156 apartments in Bucharest for EUR 11.4 mln, local media reports.

Klépierre poised to sell portfolio to Carrefour