Investment & finance

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Penta poised to buy Mediq Apteka

schedule 09 August 2013
Aneta Cichla

POLAND/CZECH REPUBLIC Czech private equity group Penta Investments is to takeover Polish pharmacy chain Mediq Apteka.

Inpro preparing bond issue

schedule 08 August 2013
Aneta Cichla

POLAND Inpro has signed a contract with Bank Gospodarki Żywnościowej for a bond issue.

Investment & finance

Fred and Ginger for sale

schedule 08 August 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC The Dancing Building (Tančící dům) in Prague 2 – also known as “Fred and Ginger – is being put up for sale, according to the E15 website.

Investment & finance

Blackstone to sell Hilton Worldwide in IPO

schedule 08 August 2013

WORLD Blackstone Group is to sell Hilton Worldwide, a source close to the deal has confirmed. and has hired four banks (Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley) to act as underwriters in the flotation of Hilton Worldwide.

Investment & finance

MirLand secures USD 95 mln financing

schedule 08 August 2013
Rafał Ostrowski
journalist

RUSSIA Mirland together with its wholly-owned subsidiary Investicionno-Ipotechnaya Kompaniya (IIK) have signed a non-revolving USD 95 mln refinancing loan agreement with SberBank of Russia.

Ghelamco in the frame for Dworzec Zachodni site purchase

schedule 07 August 2013
Ewa Andrzejewska

POLAND Four tenderers, including Ghelamco GP1 BETA S.K.A., have submitted preliminary offers to buy Przedsiębiorstwo Komunikacji Samochodowej Polonus, which owns the area of the Dworzec Zachodni station in Warsaw.

Investment & finance

Former Radisson hotel put up for sale

schedule 07 August 2013
Rafał Ostrowski
journalist

RUSSIA The building of the Tanais hotel in Rostov-on-Don, which formerly housed the Radisson SAS Hotel Don, is to be sold at auction.

Investment & finance

Danilovsky Fort for sale

schedule 07 August 2013
Rafał Ostrowski
journalist

RUSSIA Hals Development, a subsidiary of VTB Bank, intends to sell the Danilovsky Fort business centre in Moscow.

Investment & finance

EU approves Multi Corporation takeover

schedule 07 August 2013

EUROPE The European Commission has approved US asset manager Blackstone Group’s acquisition of sole control over Dutch shopping centre developer Multi Corporation.

Investment & finance

NEPI concludes Aupark Žilina purchase

schedule 06 August 2013
Nathan North
managing editor (English section)

SLOVAKIA HB Reavis has finalised the sale of the Aupark Žilina shopping centre in Žilina to South African-based New Europe Property Investments (NEPI).

Record investment in Russia

schedule 06 August 2013
Rafał Ostrowski
journalist

RUSSIA In H1 2013 investment reached USD 3.8 bln – a new record for this period of the year, according to the latest data from CBRE.

Mixed results for Immofinanz

schedule 05 August 2013

EUROPE Immofinanz Group has announced that its results from operations for the 2012/13 financial year (May 2012–April 2013) totalled EUR 542.1 mln, representing a 15.3 pct increase of EUR 71.9 mln.

Investment & finance

Portico Investments buys in Nowy Dwór Mazowiecki

schedule 02 August 2013

POLAND Portico Investments has acquired a retail facility in Nowy Dwór Mazowiecki in Warsaw’s northern outskirts.

Renova to buy MLP

schedule 02 August 2013
Rafał Ostrowski
journalist

RUSSIA Renova Group, owned by Ukrainian-born Russian oligarch Viktor Vekselberg, is planning to become the sole owner of large logistic developer Mezhdunarodnoye Logisticheskoye Partnerstvo (MLP) [Международное логистическое партнерство], according to ‘Kommersant’.

Investment & finance

NEPI buys into Mega Mall

schedule 02 August 2013

ROMANIA New Europe Property Investments has signed a framework agreement to acquire a 70 pct stake in the Mega Mall project in Bucharest from Real4You.

Jupiter sells Kraków plot for over PLN 45 mln

schedule 01 August 2013

POLAND Gremi Development-Rybitwy, a company owned by NFI Jupiter, has sold a plot located in Kraków’s Podgórze district to Impo.

Investment & finance

Vítek “buys Orco Endurance funds”

schedule 31 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Radovan Vítek, the billionaire owner of CPI Group, is believed to have bought two of Orco Property Group’s real-estate funds.

LenSpetsSMU earns ratings boost

schedule 31 July 2013
Rafał Ostrowski
journalist

RUSSIA Standard & Poor has upgraded the long term credit rating of Russian developer LenSpetsSMU, a subsidiary of Etalon Group, from ‘B’ to ‘B+’ with a stable outlook.

Polimex sells Zakład Zabezpieczeń Antykorozyjnych

schedule 31 July 2013

POLAND Polimex-Mostostal has concluded a contract to sell the Zakład Zabezpieczeń Antykorozyjnych [Corrosion Protection Factory] in Dębica to Weldom.

Investment & finance

No restructuring agreement for IVG

schedule 31 July 2013

EUROPE IVG Immobilien has announced that it has failed to reach an agreement with its creditors regarding the restructuring of the company.

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