Investment &amp; finance

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

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

RetPro secures five deals in three months

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

TPG Capital reported close to P3 takeover

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

10 October 2013

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.

Debt collector visits Polimex again

10 October 2013

POLAND Polimex-Mostostal has been receiving a number of visits by the debt collector recently.

Creditors petition for Gant Development bankruptcy

POLAND Three creditors have filed petitions in Wrocław for the bankruptcy and liquidation of Gant Development, the company has reported.

Komputronik boasts profits

POLAND In Q3 2013 Komputronik generated revenue of PLN 400.3 mln – a 62.5 pct growth on the same period in 2012.

Deutsche Hypo to open Polish branch

POLAND German bank Deutsche Hypo is planning to open an office in Warsaw, according to the PropertyEU website.

Meridian gives up on WSE listing

Nathan North
managing editor (English section)

POLAND Meridian Properties has cancelled its listing on the Warsaw Stock Exchange for the second time this year.

JESSICA to help build office for DCT Gdańsk

08 October 2013

POLAND Gdańska Agencja Rozwoju Gospodarczego and Bank Gospodarstwa Krajowego have signed a contract to receive additional funding from the JESSICA initiative for the construction of Centrum Administracyjno-Usługowe.

Healthy growth for Redan

08 October 2013

POLAND Since the beginning of the year retail group Redan has generated revenue of PLN 328.1 mln – an 8.5 pct improvement on the same period a year earlier.

Global investment exceeds expectations

08 October 2013

WORLD Preliminary direct commercial real estate investment volumes in Q3 2013 reached USD 125 bln globally – up 3 pct over the previous quarter and up 25 pct on the same period last year, according to Jones Lang LaSalle Capital Markets research.

MLP closer to IPO

07 October 2013

Ewa Andrzejewska

POLAND On October 7th the Polish Financial Supervision Authority (KNF) approved the share prospectus of MLP Group. The warehouse developer is planning to make its initial public offer this month.

Nathan North
managing editor (English section)

MGPA takeover goes through

07 October 2013

WORLD US investment management company BlackRock has finalised its acquisition of MGPA.

Immofinanz to pay dividend and prepare for BUWOG sell-off

EUROPE Immofinanz is to pay a dividend of EUR 0.15 per share for the financial year 2012/2013. This means that the company will pay a total of EUR 169.3 mln in dividends (EUR 152.4 mln excluding treasury shares).

Inpro buys land from TVP

POLAND Inpro has purchased the rights to land on al. Grunwaldzka in Gdańsk.

Sales agreement between Marvipol subsidiaries

POLAND Marvipol is moving assets between its subsidiaries. Verbis Gamma will sell the perpetual usufruct right to a property with an area of 11.11 ha on ul. Kłobucka in Warsaw's Służewiec district to another Marvipol subsidiary – Marvipol Property.

MLP to be sold to Gutseriev family

RUSSIA The Renova Group is selling its 100 pct holding in warehouse developer Multinational Logistics Partnership (MLP) to the Russian billionaire Mikhail Gutseriev and his family.

Investment figures double in the Baltics