Investment & finance

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Modest profits for Polnord

schedule 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.

Investment & finance

Robyg to spend PLN 150 mln on shopping

schedule 21 November 2013

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

schedule 21 November 2013
Aneta Cichla

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

PHN – next stage of privatisation

schedule 21 November 2013
Rafał Ostrowski
journalist

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

Sberbank to finance EUR 1.7 bln programme

schedule 21 November 2013
Rafał Ostrowski
journalist

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

schedule 19 November 2013
Nathan North
managing editor (English section)

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

Renaissance obtains EUR 150 mln financing

schedule 19 November 2013
Rafał Ostrowski
journalist

RUSSIA Renaissance Holding has obtained a ten-year credit line of EUR 150 mln from Sberbank.

GTC publishes Q3 results

schedule 18 November 2013

POLAND In the third quarter, Globe Trade Centre’s profit before tax, including the cost of its executive option programme and write-downs on properties, remained at the stable level of EUR 7 mln (it was the same in Q3 2012).

Plaza Centers granted debt moratorium

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

EUROPE The Amsterdam district court has granted shopping centre developer Plaza Centers’ application for the preliminary suspension of payment proceedings to creditors.

Etalon approves dividend policy

schedule 18 November 2013
Rafał Ostrowski
journalist

RUSSIA Residential developer Etalon has approved a dividend policy whereby it will pay out in the form of dividends between 15 and 30 pct of its IFRS net profit adjusted for non-cash items if warranted.

PBO Anioła buys Warsaw plot

schedule 15 November 2013
Aneta Cichla

POLAND Protea Development, a subsidiary of PBO Anioła, has concluded a preliminary agreement for the purchase of a plot in Warsaw.

Investment & finance

Abramovich buys White Gardens

schedule 15 November 2013
Rafał Ostrowski
journalist

RUSSIA Russian billionaire Roman Abramovich's investment company Millhouse has acquired the White Gardens class ‘A’ office centre in Moscow.

Investment & finance

Feniks in IVG’s hands

schedule 15 November 2013

POLAND IVG Warschau Fonds, an investment fund managed by IVG Institutional Funds, has bought the Feniks office building on ul. Żelazna in Warsaw for app. EUR 39 mln.

Investment & finance

First Property Group buys stake in Blue Tower Plaza

schedule 15 November 2013
Aneta Cichla

POLAND UK investor First Property Group has bought a 19.7 pct stake in Blue Tower Plaza (also known as the Blue Skyscraper) on pl. Bankowy in Warsaw, for EUR 5.23 mln.

Atrium sees income growth

schedule 15 November 2013

POLAND At the end of Q3 the market value of the income portfolio of Atrium Real Estate in Poland (which constitutes 50.3 pct of the income property portfolio of the company) came to EUR 1.2 bln.

Investment & finance

PPF takes over O2 Arena

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

CZECH REPULIC PPF has become the majority owner of the O2 Arena in Prague after acquiring KKCG’s 50 pct stake in Lindus Services Limited.

Investment & finance

Plaza Centers to default on bond repayments

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

CEE REGION Israeli-owned CEE shopping centre developer Plaza Centers has announced that it will be unable to make an app. EUR 15 mln payment due to Polish bondholders on November 18th 2013 and an app. EUR 17 mln payment due to Israeli bondholders on December 31st 2013.

Best Q3 since crisis

schedule 12 November 2013

EUROPE The value of investment transactions on the commercial property market in Q3 2013 increased by 17.7 pct compared to the same period last year, according to research by Cushman & Wakefield.

Orbis finishes Q3 on the up

schedule 12 November 2013

POLAND For the third quarter the like-for-like EBITDA of the Orbis hotel group amounted to PLN 69.8 mln compared to PLN 60.9 mln in 2012.

Investment & finance

Emerson buys plant for EUR 10 mln

schedule 12 November 2013
Nathan North
managing editor (English section)

HUNGARY US-owned manufacturer Emerson Process Management Magyarország has bought a 25,000 sqm industrial building on a 12 ha site in the Sóstó Industrial Park in Székesfehérvár (central Hungary).

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Edition 12 (304) December 2025

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