Investment & finance

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Investment & finance

ECE loses CZK 1.8 bln case against Czech state

schedule 02 October 2013
Nathan North
managing editor (English section)

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

schedule 02 October 2013
Nathan North
managing editor (English section)

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

schedule 02 October 2013
Rafał Ostrowski
journalist

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

schedule 02 October 2013
Rafał Ostrowski
journalist

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

schedule 01 October 2013
Nathan North
managing editor (English section)

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

R&C Union bankrupt

schedule 01 October 2013
Aneta Cichla

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

Investment & finance

Sybil Development assets for sale

schedule 01 October 2013
Aneta Cichla

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.

Investment & finance

Domodedovo Airport can be sold for USD 4.7 bln

schedule 01 October 2013
Rafał Ostrowski
journalist

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.

Investment & finance

PPF buys Galleria Moda

schedule 30 September 2013
Nathan North
managing editor (English section)

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

schedule 30 September 2013
Nathan North
managing editor (English section)

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

Echo subsidiaries issue bonds

schedule 30 September 2013
Aneta Cichla

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?

schedule 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

schedule 25 September 2013

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

schedule 25 September 2013

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.

Investment & finance

Blue Tower Plaza section for sale

schedule 25 September 2013
Aneta Cichla

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

schedule 25 September 2013
Rafał Ostrowski
journalist

EUROPE North American investors were the most active buyers in the European retail market in the first half of this year, according to the latest CBRE Research.

Meridian sets new IPO date for October

schedule 24 September 2013

POLAND Meridian Properties is to debut on the Warsaw Stock Exchange by mid-October.

Europejski Fundusz Hipoteczny avoids bankruptcy

schedule 23 September 2013

POLAND The court has dismissed proceedings calling for the bankruptcy of Europejski Fundusz Hipoteczny, because Akura, which had filed for the liquidation of the company’s assets, and the management board , which had filed for the court to grant the company a bankruptcy open to arrangements, both withdrew their petitions.

Investment & finance

Green Day sold for EUR 43 mln

schedule 23 September 2013
Nathan North
managing editor (English section)

POLAND Skanska has sold the Green Day office building in Wrocław to the Investec GLL Global Special Opportunities Real Estate Fund for EUR 43 mln.

Investment & finance

Half billion investment in Anapa

schedule 23 September 2013
Rafał Ostrowski
journalist

RUSSIA Fund management company Fund Yug [Фонд Юг] is to invest USD 500 mln in the development of Anapa, a town located in the northern coast of the Black Sea.

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