Investment &amp; finance

CZECH REPUBLIC Prague-based developer Portland Trust and international real estate fund manager ARES Property Partners have sold unit ‘F’ of Karlovarská Business Park in Prague 6 to a private Czech investor.

Tristan Capital completes retail portfolio acquisition

21 October 2013

POLAND Charter Hall Retail REIT has completed the sale of its Polish portfolio to Tristan Capital Partners for EUR 174.5 mln.

PBB and Helaba provide SELP help

21 October 2013

POLAND/CZECH REPUBLIC PBB Deutsche Pfandbriefbank and Helaba have jointly underwritten a five-year EUR 188 mln secured loan to the Segro European Logistics Partnership (SELP).

Echo borrows PLN 275 mln

20 October 2013

Rafał Ostrowski
journalist

POLAND Echo Investment subsidiaries Projekt 9-Grupa Echo has been granted a loan of EUR 65.9 mln (PLN 275.2 mln) from Hypothekenbank Frankfurt.

Holiday properties up for sale

20 October 2013

POLAND Międzynarodowe Centrum Szkolenia Energetyki, which is currently being liquidated, has put a number of holiday properties up for sale.

MLP could scoop PLN 90 mln in flotation

20 October 2013

POLAND The share issue price for MLP Group’s public offering has been set as PLN 24.

HB Reavis expands to the UK and Turkey

SLOVAKIA Slovakian developer HB Reavis is expanding into the UK and Turkish markets with the opening of branches in London and Istanbul.

Le Palais Offices sale goes through

POLAND The sale of Le Palais Offices in Warsaw to IVG Warschau Fonds has now been finalised in a transaction worth EUR 31 mln.

Gant Development files for bankruptcy

POLAND Gant Development has filed for bankruptcy open to arrangements with a district court in Wrocław.

Pioneer Pekao buys stake in Marvipol

POLAND The Pioneer Pekao group has increased its stake in Marvipol to 2.86 mln shares, constituting 6.89 pct of the total number of shares of the listed company.

TUP becomes Alta

POLAND Development company TUP has registered under a new name. The company will now operate as Alta.

PPP goes to university

16 October 2013

POLAND The Jagiellonian University Medical College in Kraków has contracted Neoświat PPP Projects (part of the Bouygues group) to redevelop its halls of residence in a public private partnership.

Warimpex issues convertible bonds

16 October 2013

POLAND Warimpex Finanz- und Beteiligungs is to issue on Warsaw’s Catalyst exchange convertible bonds entitling their owners to convert them to or acquire up to 9 mln of the company’s bearer bonds.

P3 sold to TPG and Ivanhoé Cambridge

16 October 2013

EUROPE US private equity firm TPG Capital and Canadian investor Ivanhoé Cambridge have acquired European warehouse developer and manager PointPark Properties (P3).

Nexity to build Wola estate

POLAND Nexity has bought a 2 ha plot on ul. Jana Kazimierza in Warsaw’s Wola district.

CPI buys Orco's towers

CEE REGION CPI Group has completed the purchase of the Czech, Polish and Hungarian real estate assets of Sidoti, which formerly belonged to Orco Property Group’s Endurance Funds.

NEPI granted EUR 30 mln

ROMANIA New Europe Property Investments has been granted a EUR 30 mln loan by Unicredit Țiriac Bank to refinance its Lakeview Office property, which it bought from AIG/Lincoln at the beginning of the year.

Three property sales closed by JLL

Rafał Ostrowski
journalist

CZECH REPUBLIC In September three property transactions were closed by Jones Lang LaSalle, in each case representing the seller.

Moscow now third largest investment market in Europe

11 October 2013

RUSSIA Moscow has climbed into third position among the most attractive European cities for investment in commercial real estate, according to a report by CBRE.

WSE debut in two years for Unidevelopment

11 October 2013