Investment &amp; finance

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

24 September 2013

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

Europejski Fundusz Hipoteczny avoids bankruptcy

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.

Green Day sold for EUR 43 mln

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.

Half billion investment in Anapa

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.

Futureal plans further acquisitions

POLAND Futureal has announced it is to acquire office, retail and residential properties in Central Europe and has set up its Partner Programme with a value of EUR 100 mln with which it intends to complete and re-launch projects across the CEE region that have stalled due to the financial crisis.

BNP Paribas Real Estate acquires III-Investments

19 September 2013

EUROPE BNP Paribas Real Estate has acquired iii-investments, which manages and administers EUR 4.2 bln of third-party real estate and debt assets for German institutional investors.

White Stone and MF Capital obtain EUR 35 mln financing

19 September 2013

POLAND White Stone Development and asset manager MF Capital have obtained construction and long-term financing of around EUR 35 mln for their class ‘A’ office complex situated in Warsaw’s Mokotów district.

A Plus Development buys former brewery

18 September 2013

RUSSIA A Plus Development has bought a 40,000 sqm former brewery building in St Petersburg’s Pushkin district from SUN InBev.

Nathan North
managing editor (English section)

Angry agent puts Prague Castle “up for sale”

17 September 2013

CZECH REPUBLIC Property agents Czech Point 101 have put Prague Castle “up for sale” in the latest move in a trademark dispute with the Czech government

Go-ahead for Wola Park sale

16 September 2013

POLAND Inter IKEA Centre Group Poland is to be allowed to acquire the Wola Park shopping centre in Warsaw having received consent for the transaction from the Office of Competition and Consumer Protection (UOKiK).

Capital Park sets up property fund

16 September 2013

POLAND The Capital Park group has sold 85 pct of the shares (all of which have been offered for sale) of the Real Estate Income Assets FIZ AN fund, which had been jointly established with Open Finance TFI, in a private offer.

Marvipol moves assets

16 September 2013

POLAND P.Z.-Bud, a subsidiary of Marvipol, is to make a contribution in kind to its exclusively owned subsidiary Verbis Gamma.

Slight improvement for Secure Property Development & Investment

13 September 2013

UKRAINE/ROMANIA/BULGARIA Secure Property Development & Investment has announced a 135 pct increase in operational income to USD 1.8 mln for the first six months of 2013 (June 30th 2012: USD 757,000), primarily driven by improved occupancy at Terminal Brovary in Kyiv.

Arricano enters LSE

13 September 2013

UKRAINE Shopping centre developer Arricano has issued shares on the AIM market of the London Stock Exchange.

AmRest takes out EUR 250 mln loan

POLAND AmRest, the owner of the KFC, Pizza Hut and Burger King restaurant chains, as well as the Starbucks franchise in Poland, the Czech Republic and Hungary, has taken out a EUR 250 mln syndicated loan.

Echo subsidiary issues bonds

POLAND Projekt Echo-70, a subsidiary of Echo Investment, has issued ten-year bonds with a total value of PLN 145 mln.

Mokotów Nova sale finalised

Nathan North
managing editor (English section)

POLAND Ghelamco has finalised the EUR 121 mln sale of Mokotów Nova in Warsaw to the CCPIII core plus real estate fund (Curzon Capital Partners III) advised by Tristan Capital Partners.

Aversa factory sold

ROMANIA Benevo subsidiary Blue Diamond in a joint venture with Autoplast has bought pump manufacturer Aversa, which includes a factory situated on a 10 ha site in Bucharest 2.

Protea Development pulls out of land purchases

10 September 2013