Investment & finance

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Investment & finance

Echo borrows PLN 275 mln

schedule 20 October 2013
Aneta Cichla

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

schedule 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

schedule 20 October 2013
Rafał Ostrowski
journalist

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

schedule 18 October 2013
Nathan North
managing editor (English section)

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

Investment & finance

Le Palais Offices sale goes through

schedule 18 October 2013
Nathan North
managing editor (English section)

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

schedule 18 October 2013
Nathan North
managing editor (English section)

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

Pioneer Pekao buys stake in Marvipol

schedule 18 October 2013

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

schedule 18 October 2013
Aneta Cichla

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

Investment & finance

PPP goes to university

schedule 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

schedule 16 October 2013
Aneta Cichla

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.

Investment & finance

P3 sold to TPG and Ivanhoé Cambridge

schedule 16 October 2013
Nathan North
managing editor (English section)

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

schedule 14 October 2013

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

Investment & finance

CPI buys Orco's towers

schedule 14 October 2013
Nathan North
managing editor (English section)

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.

Investment & finance

NEPI granted EUR 30 mln

schedule 14 October 2013

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.

Investment & finance

Three property sales closed by JLL

schedule 14 October 2013
Nathan North
managing editor (English section)

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

schedule 11 October 2013
Rafał Ostrowski
journalist

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

schedule 11 October 2013
Aneta Cichla

POLAND Unibep has announced a new strategy for its subsidiary Unidevelopment.

Investment & finance

RetPro secures five deals in three months

schedule 11 October 2013
Aneta Cichla

POLAND Over the least three months RetPro has acted as the agent in five property sales transactions.

Investment & finance

TPG Capital reported close to P3 takeover

schedule 11 October 2013
Nathan North
managing editor (English section)

EUROPE Speculation is mounting that US private equity firm TPG Capital is close to finalising a deal to buy out PointPark Properties’ warehousing portfolio.

Polnord officially buys half of Aquasfera

schedule 10 October 2013
Aneta Cichla

POLAND Polnord has purchased a 50 pct stake in the Aquasfera residential project, which is under development in Reda near Gdańsk, from Semeko Grupa Inwestycyjna.

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