Investment & finance

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Investment & finance

BPH TFI buys Ideal Idea III

schedule 04 September 2013

POLAND Ideal Idea is to sell the Ideal Idea III warehouse complex on ul. Działkowa in Warsaw’s Włochy district to the BPH TFI fund.

Shrinking losses for Wikana

schedule 04 September 2013
Aneta Cichla

POLAND Lublin-based development company Wikana generated net sales revenue of PLN 4 mln in H1 2013.

Investment & finance

Regions obtains USD 500 mln in financing

schedule 04 September 2013
Rafał Ostrowski
journalist

RUSSIA Regions Group of Companies has obtained a USD 500 mln credit line for a period of ten years.

Investment & finance

USD 15 mln loan for Arricano

schedule 04 September 2013
Rafał Ostrowski
journalist

UKRAINE Arricano group, through its subsidiary Prizma Alpha, has been granted a seven-year USD 15 mln loan facility for refinancing current debt obligations as well as for the development of investment properties.

Małpka in Torebka’s hands

schedule 03 September 2013

POLAND Czerwona Torebka has finalised the acquisition of Małpka, the operator of the Małpka Express convenience store network.

EM&F limits development expenditure

schedule 03 September 2013
Aneta Cichla

POLAND In the first six months of 2013 the Empik Media & Fashion group generated a 4 pct y-o-y increase in revenue to PLN 1.5 bln.

Wojas sees revenue growth

schedule 03 September 2013
Aneta Cichla

POLAND The Wojas group, which operates the Wojas chain of footwear shops, generated net revenue of PLN 80.9 mln in the first half of the year.

Investment & finance

Scottish Duke sells Moscow building

schedule 03 September 2013
Rafał Ostrowski
journalist

RUSSIA Buccleuch Group, which is owned by the Duke of Buccleuch, together with its French and Spanish joint-venture partner Groupe Hoche Espais, has sold the Pietro House office centre in Moscow, according to ‘Vedomosti’.

Sponda to pull out of Russia

schedule 03 September 2013
Nathan North
managing editor (English section)

RUSSIA Finnish real estate investor Sponda is planning to exit both the Russian market and the real estate funds business in the next three to five years.

Inpro enjoys revenue growth over 70 pct

schedule 02 September 2013

POLAND Inpro increased its sales revenue by 73 pct y-o-y in H1 to PLN 82.5 mln.

TK Development sells shares

schedule 02 September 2013
Rafał Ostrowski
journalist

EUROPE TK Development has completed an offering of shares with pre-emptive rights for the company’s existing shareholders.

Investment & finance

Echo receives financing for Park Rozwoju

schedule 30 August 2013
Aneta Cichla

POLAND Bank Zachodni WBK has lent EUR 22.4 mln to Echo Investment for the construction of the first stage of the Park Rozwoju office complex on ul. Konstruktorska in Warsaw.

Echo profits double

schedule 30 August 2013
Aneta Cichla

POLAND The net profit of the Echo Investment Group has increased by over 200 pct to PLN 302 mln in H1 of this year compared to the same period of 2012.

J.W. Construction to market 6,000 apartments

schedule 30 August 2013

POLAND J.W. Construction has recorded a sales revenue of PLN 181.3 mln for H1 2013, representing a 17 pct increase on the corresponding period of 2012, while the company’s net profit came to PLN 5.1 mln with a gross sales margin of 21 pct.

Investment & finance

Financing for Promenady Zita

schedule 30 August 2013
Aneta Cichla

POLAND Finanse VD, a subsidiary of Vantage Development has granted a PLN 27 mln loan to Promenady Zita, an SPV company of the Vantage Development group.

Vistula issues bonds

schedule 30 August 2013
Aneta Cichla

POLAND In H1 of this year the Vistula capital group recorded sales revenue of PLN 185.8 mln.

Warimpex at a loss

schedule 30 August 2013
Rafał Ostrowski
journalist

EUROPE Real estate developer and investor Warimpex Finanz- und Beteiligungs has recorded a EUR 5.7 mln loss in the first six months of this year.

Orco sees revenues rise

schedule 30 August 2013

EUROPE Orco has announced an increase in its revenue to EUR 71 mln for H1 2013 on EUR 62 mln (with EUR 20 mln generated by sale of a retail plot in Bubny Prague).

Goodman sees profits rise

schedule 30 August 2013

WORLD Goodman Group has announced a profit of EUR 386 mln for the financial year ending of June 30th representing a 17 pct increase on the previous financial year.

Gazit increases stake in Atrium

schedule 29 August 2013
Nathan North
managing editor (English section)

CEE REGION Israeli retail investor Gazit-Globe has entered into an agreement to purchase of 5.5 pct of the ordinary shares of Atrium European Real Estate from Delaware-based CPI CEE Management for EUR 87.8 mln.

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