Investment &amp; finance

POLAND The Financial Supervision Authority has approved the prospectus of Polnord.

Protea to buy Poznań property

POLAND PBO Anioła subsidiary Protea Development intends to buy a 2,800 sqm plot in Poznań.

Capital Park looks to invest PLN 210 mln

POLAND Capital Park has published its prospectus for its forthcoming flotation.

Financing for Promenady Wrocławskie

POLAND Alior Bank has granted financing for the second stage of the Promenady Wrocławskie project to Vantage Development subsidiary Promenady II VD.

Pullman for sale

ROMANIA The Pullman hotel in Bucharest is to be put up for sale for EUR 20 mln as part of the debt restructuring of its owner World Trade Center Bucureşti, reports Mediafax.

Stronghold issues bonds

NORTHERN EUROPE Stronghold, the parent company of Newsec, has issued bonds worth SEK 140 mln (app. EUR 15.6 mln).

BBI takes over Centrum Marszałkowska

POLAND BBI Development has concluded a preliminary sales agreement with Warszawska Spółdzielnia Spożywców Społem Śródmieście through its subsidiary Juvenes Development 1, for 67 shares (representing a 67 pct stake) in Zarządzanie Sezam for PLN 46,900.

No slowdown for Czerwona Torebka

Eurobuild CEE

POLAND The Cerwona Torebka group wants to speed up the development of its retail activities.

J.W. Construction Holding revenue up

Eurobuild CEE

POLAND J.W. Construction Holding has recorded a sales revenue of PLN 77.1mln for Q3 this year, 38 pct more than in the same period of 2012 and a net profit of PLN 2.3 mln.

Strong results for Marvipol

POLAND After the first three quarters of this year the Marvipol group has recorded a consolidated revenue of around PLN 289.6 mln, representing a 23 pct increase on the previous year.

PHN improves results

POLAND PHN Group has recorded a consolidated profit for Q3 2013 of PLN 86.8 mln, PLN 78.8 mln of which was attributable to the parent company (PHN SA).

Metro Cash & Carry Russia considers stock exchange debut

RUSSIA Metro Group is considering floating a minority stake in Metro Cash & Carry Russia on the stock exchange in order to finance the company’s expansion.

Modest profits for Polnord

25 November 2013

POLAND In the first three quarters of 2013 the Polnord group generated revenue of PLN 114 mln and a gross sales profit of PLN 10.5 mln.

Robyg to spend PLN 150 mln on shopping

POLAND In the first three quarters of 2013, Robyg group generated revenue of PLN 369 mln – 16 pct more than the same period of 2012.

Mirbud increases its revenue

POLAND Construction group Mirbud increased its revenue in Q3 by 120 pct y-o-y.

PHN – next stage of privatisation

POLAND Polski Holding Nieruchomości is preparing for the next stage of its privatisation.

Sberbank to finance EUR 1.7 bln programme

Nathan North
managing editor (English section)

RUSSIA Crocus Group and Sberbank CIB have signed a strategic cooperation agreement in Moscow, which includes financing for the developer’s 2013–2017 investment programme.

Tesco to sell 35 plots

19 November 2013

POLAND Tesco has decided to sell off excess land near its Polish stores.

Renaissance obtains EUR 150 mln financing

19 November 2013