Investment &amp; finance

RUSSIA Romanov Property Holdings Fund has acquired a 60 pct stake from Ivanhoé Cambridge in the Vremena Goda shopping centre in Moscow, thus increasing its share in the property to 100 pct.

HB Reavis in talks to buy into Arkády Hradec Králové

08 December 2013

CZECH REPUBLIC Slovakian developer HB Reavis Group has revealed that it has entered negotiations with ECE Projektmanagement to invest in the latter’s Arkády shopping centre project in Hradec Králové.

Shell chooses CBRE for further expansion

08 December 2013

POLAND Shell has exclusively mandated CBRE for the acquisition of properties across Poland for the expansion of its petrol station network.

GTC obtains EUR 45 mln for Pascal

05 December 2013

POLAND Globe Trade Centre has been granted a loan of EUR 45 mln by Bank Zachodni WBK, a member of the Santander Group, for its Korona Office Complex project in Kraków.

Polnord redeems bonds

Aneta Cichla

POLAND Polnord has redeemed bonds with a nominal value of PLN 30.4 mln.

PKS tries to sell Poznań plot for the third time

POLAND PKS Poznań has invited tenders for the sale of a property located on ul. Stanisława Matyi in Poznań for the third time.

European investment still on the rise

EUROPE In Q3 2013, European commercial real estate investment reached EUR 35.7 bln, according to the latest data from CBRE.

Office market set to grow says IVG

POLAND Growth in demand for property is set to continue, because the Polish economy is predicted to continue bay app. 3 pct between 2014 and 2018 according to the 'Market Tracker' report for Poland published by IVG.

Lotos City bought by two Russian billionaires

RUSSIA Real estate magnates Zarah Iliev and God Nisanov have acquired the 1.5 mln sqm Lotos City Trade Centre mixed-use project, which is being built in Moscow.

Krauze leaves Polnord

POLAND Six members of the supervisory board of Polnord resigned before the extraordinary general meeting which was convened on December 3rd, including Ryszard Krauze, long-term chairman of the supervisory board.

LPP has sales revenue of PLN 351 mln

POLAND LPP has recorded a consolidated sales revenue of app. PLN 351 mln for November this year.

Russia Invest to spend EUR 95,5 mln

RUSSIA Russia Invest, an investment vehicle established by Finnish company SRV, is to invest the total of EUR 95.5 mln on the Russian market.

PLN 6.50 per share for Capital Park

02 December 2013

POLAND Capital Park has set the issue price of its shares at PLN 6.50 per share. A total of 20,955,314 new shares are to be issued comprising 20.01 pct of its share capital.

Robyg to build 750 more apartments in Miasteczko Wilanów

02 December 2013

POLAND Robyg group has bought a 4.7 ha plot in Warsaw’s Wilanów district for PLN 34 mln.

Era Shopping Park Oradea files for insolvency

02 December 2013

ROMANIA Oradea Omilos, a company controlled by ARGO Real Estate Opportunities Fund and owner of the Era Shopping Park Oradea, has filed for and been granted insolvency by the courts.

HB Reavis raises funds for new projects

01 December 2013

EUROPE HB Reavis has made its debut on the BondSpot market of the Warsaw Stock Exchange by issuing bonds worth PLN 111 mln (EUR 26.5 mln).

Skanska walks away from Estonia

29 November 2013

ESTONIA Construction company Skanska is pulling out of the Estonian market.

Pbb finances half of H&M centre acquisition

29 November 2013

POLAND Pbb Deutsche Pfandbriefbank has provided a EUR 32.5 mln medium-term loan to CPA®:17-Global, a publicly held REIT of W. P. Carey, to partially refinance its purchase of a distribution centre in Gądki outside Poznań in July.

Północ Nieruchomości to takeover Aramus

28 November 2013

POLAND Północ Nieruchomości has signed a letter of intent with Aramus Investments, which is active in the commercial property industry, to merge.

Eurekea industrial estate goes under the hammer

28 November 2013