Investment &amp; finance

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.

Financing for Promenady Zita

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

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

Warimpex at a loss

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

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

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

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.

Orco completes capital increase

Nathan North
managing editor (English section)

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

O1 Properties buys Nahimovskiy offices

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

Strong results for LSR

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

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

Millhouse set to buy USD 800 mln business centre

28 August 2013

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

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.

Rank Progress pulls out of Galeria Świdnicka sale

28 August 2013

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.

AirportCity refinanced

27 August 2013

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

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

Redan sees growth

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

Profit and revenue up for LPP

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

LC Corp improves semi-annual profits

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.

Atrium strengthens its hand in Poland

23 August 2013