Investment &amp; finance

CZECH REPUBLIC Industrial developer CTP and long-term financial partners KB/SoGe have signed a new loan facility of EUR 79.5 mln for the refinancing of a portfolio of existing properties.

Mebe secures USD 60 mln credit line

03 October 2013

RUSSIA Mebe Development has obtained a USD 60 mln credit line form Sberbank Rossii. The seven-year loan is to be used for refinancing debt held with CJSC Credit Europe Bank and for financing the completion of the Mebe One Khimki Plaza business centre in the Moscow region.

Blackstone completes Multi acquisition

03 October 2013

EUROPE US private equity group Blackstone Group has completed the acquisition of Dutch-based developer Multi Corporation.

ECE loses CZK 1.8 bln case against Czech state

CZECH REPUBLIC German developer ECE has lost a CZK 1.8 bln (app. EUR 70 mln) compensation case against the Czech government over the aborted Galerie Liberec development at the International Court of Arbitration in Paris.

Multikino sale goes through

POLAND Luxembourg-registered International Trading and Investments (ITI Group) has announced that it has completed the sale of the Multikino chain of cinemas to British group Vue-Entertainment.

Central European investment surges

CE REGION Investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania accelerated significantly in Q3 with around EUR 1.5 bln invested, compared with EUR 630 mln in the previous quarter, according to research by Cushman & Wakefield.

Investment volumes heading for a record year

RUSSIA If all the transactions in progress are closed this year, 2013 will be record for investment in Russian retail real estate, according to research by Cushman & Wakefield.

Meridian publishes Warsaw IPO prospectus

POLAND/CEE REGION Meridian Properties has published the prospectus for its Warsaw Stock Exchange IPO.

R&C Union bankrupt

POLAND R&C Union, the owner of the Sioux and Fenix restaurant chains, has filed for bankruptcy open to arrangements with the Poznań courts.

Sybil Development assets for sale

POLAND The assets of Sybil Development, the owner of 200,900 sqm of land in Wolica in the Nadarzyn administrative district near Warsaw, have been put up for sale.

Domodedovo Airport can be sold for USD 4.7 bln

RUSSIA Moscow Domodedovo Airport is close to being sold, according to anonymous sources cited by rbcdaily.ru. The owner of the property, Russian businessman Dmitrii Kamenshchik, is currently in negotiations with the potential buyers.

PPF buys Galleria Moda

30 September 2013

CZECH REPUBLIC Galleria Moda, close to the Václav Havel Airport in Prague-Ruzyne, has been acquired in bankruptcy proceedings by Dreitonel, part of the PPF group – according to local media.

IVG Private Funds to be closed down

30 September 2013

EUROPE The management and supervisory boards of IVG Immobilien have decided to discontinue the business activities of IVG Private Funds.

Echo subsidiaries issue bonds

30 September 2013

POLAND Echo Investment subsidiaries Mena Investment and Echo-SPV 7 have issued bonds with a combined value of PLN 75 mln.

Blackstone raises USD 2 bln?

26 September 2013

EUROPE Blackstone is rumoured to have already raised USD 2 bln for its Blackstone Real Estate Partners Europe IV fund according to PEI Media’s PERE publication, which quoted an anonymous source with direct knowledge of the fund.

Profit up for Immofinanz

EUROPE Immofinanz Group has reported a 4.7 pct y-o-y increase in its operating profit for the first quarter of the 2013/14 financial year (beginning May 1st).

Impact faces takeover

ROMANIA The shareholding of Gheorghe Iaciu in Impact Developer & Contractor has grown to over 33 pct, the threshold at which under Romanian law he is compelled to make a mandatory takeover offer for the entire share capital of the company.

Blue Tower Plaza section for sale

POLAND Bank Pekao has put up for sale a section of the Blue Tower Plaza office building on pl. Bankowy in central Warsaw.

European retail dominated by US investors