Investment & finance

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Orco completes capital increase

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

CEE REGION Orco Property Group has completed a reserved capital increase by issuing 6,666,667 new shares.

Investment & finance

O1 Properties buys Nahimovskiy offices

schedule 29 August 2013
Rafał Ostrowski
journalist

RUSSIA O1 Properties has bought the Nahimovskiy 58 (Нахимовский, 58) office building inMoscow, reports ‘Vedomosti’.

Strong results for LSR

schedule 29 August 2013
Rafał Ostrowski
journalist

RUSSIA LSR Group has recorded a 21 pct increase in sales revenue to RUB 27.5 bln in H1 this year, compared to RUB 22.68 bln in the first half of 2012.

Unibep doing better and better

schedule 29 August 2013
Aneta Cichla

POLAND Construction company Unibep has achieved a net sales revenue of PLN 413.8 mln, according to its financial results for H12013.

Investment & finance

Millhouse set to buy USD 800 mln business centre

schedule 28 August 2013
Rafał Ostrowski
journalist

RUSSIA Millhouse, which is owned by Russian oligarch Roman Abramovich, is reported to be in talks to acquire the Belye Sady (Белые сады) business centre in Moscow for almost USD 800 mln, according to Vedomosti.

Solid H1 for CA Immo

schedule 28 August 2013

EUROPE CA Immo has announced an increase in net income of 37 pct in its interim results for the first half of 2013.

Investment & finance

Rank Progress pulls out of Galeria Świdnicka sale

schedule 28 August 2013
Aneta Cichla

POLAND Rank Progress has terminated its preliminary agreement for the sale of the Galeria Świdnicka shopping centre in Świdnica to Elsoria Polska, which the two companies signed in March.

Investment & finance

AirportCity refinanced

schedule 27 August 2013
Rafał Ostrowski
journalist

RUSSIA Avielen, a joint venture set up by Warimpex, CA Immo and UBM, has received EUR 60 mln in refinancing for its mixed-use AirportCity project in St Petersburg.

Rank Progress obtains additional PLN 19 mln

schedule 26 August 2013
Aneta Cichla

POLAND Progress XI, a subsidiary of Rank Progress, has signed an annexe to a loan agreement with BRE Bank.

Redan sees growth

schedule 26 August 2013

POLAND Redan group generated revenue of PLN 210.2 mln in H1 2013 – a 7.9 pct improvement on the same period last year.

Investment & finance

Profit and revenue up for LPP

schedule 26 August 2013
Aneta Cichla

POLAND Clothes retail group LPP has published its consolidated report for H1 2013.

LC Corp improves semi-annual profits

schedule 26 August 2013
Aneta Cichla

POLAND After the first six months of the year, LC Corp’s sales revenue increased to PLN 96.8 mln from PLN 60.4 mln in the same period last year.

Investment & finance

Atrium strengthens its hand in Poland

schedule 23 August 2013
Aneta Cichla

POLAND The finalisation of the purchase of Galeria Dominikańska in Wrocław, which is planned for Q3, will increase the share of Polish assets in the portfolio of Atrium European Real Estate to 50 pct.

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.

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