Investment & finance

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Loss for Plaza Centers

schedule 23 August 2013

CEE REGION Plaza Centers recorded a loss in H1 2013 of EUR 81 mln, having made a loss of EUR 10 mln in H1 2012.

Poland heading for record investment volume

schedule 23 August 2013
Rafał Ostrowski
journalist

POLAND The annual investment transaction volume is likely to reach the highest level since 2006, according to the latest report from Savills.

Bulgarian McDonald’s changes hands

schedule 22 August 2013
Rafał Ostrowski
journalist

BULGARIA The Bulgarian franchise of restaurant chain McDonald’s has a new owner, according to Econ.bg.

Investment & finance

IVG shielded from creditors

schedule 22 August 2013

EUROPE IVG Immobilien’s application for creditor protection has been granted by a court in Bonn.

Griffin Group appeals against Tsarist barracks expropriation

schedule 21 August 2013
Aneta Cichla

POLAND Griffin Group has appealed against the ruling of the district court in Warsaw to remove the company’s perpetual usufruct right to site of the former Tsarist barracks on ul. 29 Listopada next to Łazienki Park.

Dragon increases shareholding in Henryland

schedule 21 August 2013
Rafał Ostrowski
journalist

UKRAINE Dragon Capital Investments has acquired East Capital’s 50.45 pct stake in Henryland Group’s for USD 13.77 mln.

Immofinanz to pay dividend

schedule 21 August 2013
Rafał Ostrowski
journalist

EUROPE Immofinanz Group is planning to pay a EUR 0.15 dividend per share despite a 59.1 drop in profits for the financial year 2012/2013.

Investment & finance

IVG seeks creditor protection

schedule 21 August 2013
Nathan North
deputy editor

EUROPE German real estate investor IVG Immobilien is to apply to the district court in Bonn to open protective shield proceedings to allow the company to restructure itself through self-administration.

Most expensive industrial land in Warsaw

schedule 20 August 2013

POLAND The average price for industrial investment land is currently around PLN 130–160 per sqm, according to a report by Axi Immo.

Investment & finance

TUP changes tack and becomes Alta

schedule 19 August 2013
Aneta Cichla

POLAND TUP has announced a new strategy to focus exclusively on the construction of Siewierz Jeziorna in Siewierz (Silesia) – a project to develop a sustainable town district.

Investment & finance

“Buyer found” for Fashion Arena Outlet Centre

schedule 19 August 2013
Nathan North
deputy editor

CZECH REPUBLIC A buyer has been found for the Fashion Arena Outlet Centre in Prague, according to the ‘Hospodářské noviny’ newspaper.

Investment & finance

Sjælsø declared bankrupt

schedule 19 August 2013
Nathan North
deputy editor

EUROPE Danish developer Sjælsø Gruppen has been declared bankrupt after efforts to restructure the heavily indebted company were terminated.

Investment & finance

LC Corp to buy RB Finance Expert

schedule 14 August 2013
Aneta Cichla

POLAND Warsaw Stock Exchange listed company LC Corp is to buy a 100 pct stake in RB Finance Expert from LC Corp BV of Amsterdam (the largest shareholder of LC Corp and controlled by Leszek Czarnecki).

Profits increasing for AFI

schedule 14 August 2013

CEE REGION AFI Properties has registered an income for the first half of EUR 51 mln, up by 32 pct on the same period of 2012. Over the period the company’s operating income reached EUR 32.3 mln, up by 47 pct.

Mirland earning more

schedule 14 August 2013
Rafał Ostrowski
journalist

RUSSIA Mirland Development Corporation has recorded USD 23.8 mln in revenues in the first half of this year, which represents a 19 pct increase compared to USD 20 mln in H1 2012.

Pessimism but some positivity, says RICS

schedule 13 August 2013
Aneta Cichla

EUROPE Poland is one of the most attractive markets for investors, according to the Global Commercial Property Survey by the RICS, despite Polish market experts being more pessimistic than those in Germany.

UOKiK says thrice yes

schedule 13 August 2013
Aneta Cichla

POLAND UOKiK, the Office of Competition and Consumer Protection, has issued three decisions impacting on the real estate market.

Slide in land prices slows

schedule 13 August 2013
Nathan North
deputy editor

POLAND Around 80–85 pct of Polish land acquisitions were for sites in Warsaw in H1, according to a report by Colliers International.

Profit growth for X5

schedule 13 August 2013
Rafał Ostrowski
journalist

RUSSIA Food retailer X5 Retail Group recorded app. USD 4.2 bln in net sales in the second quarter, representing a growth of 5.9 pct y-o-y.

Investment & finance

Twierdza Modlin sold... at last

schedule 13 August 2013

POLAND A buyer has finally been found for Twierdza Modlin in the ninth auction of the 19th century fortress.

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