Investment &amp; finance

POLAND BBI Development has received 9,999,900 shares in Immobilia Fund Sif Sicav in exchange for the same number of shares in Realty 3 Management Projekt Developerski 5 (PD5), the company responsible for the design of the Plac Unii office and shopping centre in Warsaw.

CTP secures EUR 69 mln in refinancing

17 December 2013

CZECH REPUBLIC CTP and UniCredit Bank have recently concluded loan agreements totalling EUR 69 mln.

Tančící Dům sold for EUR 13.3 mln

17 December 2013

CZECH REPUBLIC The Tančící Dům building in Prague, which was sold last week as previously reported, changed hands for CZK 360 mln (EUR 13.3 mln).

Hungary mulls subsidising construction

HUNGARY In January the National Bank of Hungary intends to extend its ‘Funding for Growth Scheme’ to the construction industry.

GTC plans to issue 13.9 mln series ‘J’ shares

POLAND Globe Trade Centre is planning a private offer of up to 31,937,298 series ‘J’ shares on the Warsaw Stock Exchange to specific investors.

Orco insolvent in Hungary

HUNGARY Orco’s Hungarian subsidiaries have filed for insolvency in Budapest.

Alta dissolves SPV

POLAND Alta is dissolving the Kino-Centrum Fordon company, which it established in 2010 to build a shopping centre in the Fordon district in Bydgoszcz.

Rafał Ostrowski
journalist

Capital Park makes modest entry to Warsaw bourse

13 December 2013

POLAND Capital Park has listed on the Warsaw Stock Exchange. Three hours into its debut the company’s share price fell by around 14 pct.

Accusations fly as battle over Orco intensifies

13 December 2013

CE REGION Kingstown Capital Management, which owns a 10.6 pct stake in Orco Property Group (OPG), has written an open letter to Orco shareholders warning against and severely criticising CPI owner Radovan Vítek’s attempts to take over the company.

CA Immo buys out Axa P1 stake

13 December 2013

POLAND CA Immo has acquired a 49 pct stake in the P1 property portfolio in Warsaw from Axa Investment Managers.

Malta Office Park changes hands within Echo

12 December 2013

POLAND Echo subsidiary Malta Office Park-Projekt Echo-96 has sold the ownership and the perpetual usufruct to the Malta Office Park complex in Poznań to another Echo subsidiary, Farrina Investments, for almost PLN 276.8 mln.

Dancing House sold

12 December 2013

CZECH REPUBLIC The new owner of the iconic Tančící Dům building (the Dancing House or ‘Fred & Ginger’) in Prague is real estate management company Pražská Správa Nemovitostí, according to e15.cz.

Colliers optimistic about the Baltics

12 December 2013

BALTIC STATES Domestic demand in the Baltic states is gradually recovering and the growth in consumption continued in Q3, according to the latest Baltic States Real Estate Market Overview report compiled by Colliers International.

Atal debuts on Catalyst and looks abroad

11 December 2013

POLAND Atal has debuted on the Catalyst market on the BondSpot trading system.

Rafał Ostrowski
journalist

О1 Properties to buy Legenda

11 December 2013

RUSSIA О1 Properties is planning to buy from Capital Group the Legenda [Легенда] business centre on Trubnaya ulitsa in the centre of Moscow.

PIK pays off loan

RUSSIA Residential developer PIK Group has paid off a RUB 2.9 bln loan (app. EUR 645 mln) from VTB Bank.

Lokaty Budowlane buys ul. Chłodna plot

POLAND Lokaty Budowlane has signed a preliminary agreement to purchase a 956 sqm plot on ul. Chłodna in Warsaw, where a residential and service building with a ratio of total area to plot size of 3:1 and a height of 32m could be built.

P.R.I. Pol-Aqua exits WSE

POLAND Shares in Przedsiębiorstwo Robót Inżynieryjnych Pol-Aqua are no longer to be traded on the main market of the Warsaw Stock Exchange.

LC Corp takes over Sky Tower

POLAND Developer LC Corp is to acquire the SPV company that owns the Sky Tower building in Wrocław from its parent company LC Corp BV for PLN 259 mln.

Marvipol raises PLN 60 mln from bond issue

09 December 2013