Investment & finance

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Investment & finance

W.P. Carey buys H&M distribution centre

schedule 17 July 2013

POLAND W.P. Carey has acquired a logistics centre of over 83,000 sqm in Poznań for its REIT affiliate CPA®:17 – Global from a fund managed by Invesco Real Estate.

Sberbank to finance G8

schedule 16 July 2013
Rafał Ostrowski
journalist

RUSSIA Sberbank of Russia is to provide a seven-year loan of RUB 1.25 bln (EUR 29,3 mln) to Promyshlennye Tehnologii [Промышленные технологии], a subsidiary of ComStrin Group [КомCтрин], for the construction of the first phase of the G8 Business Park in Moscow.

Government spends PLN 26 mln at the races

schedule 15 July 2013
Aneta Cichla

POLAND The Polish government has agreed to invest PLN 26 mln in renovating the grounds of Warsaw’s Służewiec racecourse.

Investment & finance

Inter IKEA poised to buy Wola Park

schedule 15 July 2013
Aneta Cichla

POLAND Swedish developer Inter IKEA Centre Group Poland has signed a preliminary agreement to buy the Wola Park shopping centre in Warsaw.

IVG in need of cash infusion

schedule 15 July 2013

EUROPE IVG Immobilien has announced that it is currently negotiating a EUR 120 mln bridging loan, which if not secured could lead to a situation that “could eventually jeopardise the existence of the company”, according to statement from the company.

Polonus up for grabs again

schedule 12 July 2013
Aneta Cichla

POLAND Investors have been invited to a state auction for the purchase of an 85 pct stake (765,000 shares) in Warsaw-based company Przedsiębiorstwo Komunikacji Samochodowej Polonus.

LC Corp gives seven loans to subsidiary

schedule 12 July 2013
Aneta Cichla

POLAND LC Corp has granted seven loans to its daughter company LC Corp Invest I worth a total of PLN 106 mln.

NEPI denies wrongdoing

schedule 11 July 2013

ROMANIA New Europe Property Investments has responded to the announcement that the Argo Real Estate Opportunity Fund has begun legal proceedings against it.

C&W gives way to Activ

schedule 11 July 2013

ROMANIA Cushman & Wakefield has pulled out of Romania.

Investment & finance

ING spins off and sells Galerie Butovice offices

schedule 11 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC ING Real Estate Finance (ING REF), the owner of the Galerie Butovice office and retail centre in Prague 13, has completed the sale of the Butovice Office Building to a Czech closed-end investment fund.

Investment & finance

Morgan Stanley and Hines partner up in Moscow

schedule 11 July 2013
Rafał Ostrowski
journalist

RUSSIA The Morgan Stanley Real Estate Investing (MSREI) fund has sold a stake in the 205,000 sqm Metropolis shopping centre in Moscow to Hines CalPERS Russia Long Term Hold Fund (HCRLTH).

Pbb provides loan for Charter Hall acquisition

schedule 11 July 2013
Nathan North
managing editor (English section)

POLAND Pbb Deutsche Pfandbriefbank has announced that it is providing a loan of EUR 120 mln loan to a fund advised by Tristan Capital Partners for its acquisition of a Polish retail portfolio.

Argo to take NEPI and Volksbank to court

schedule 10 July 2013

ROMANIA Argo Real Estate Opportunities Fund has announced that it has begun legal proceedings against its rival New Europe Property Investments (NEPI) and Argo’s lender Osterreichische Volksbanken-Aktiengesellschaft (Volksbank).

Eften finalises purchase of five Estonian properties

schedule 10 July 2013

ESTONIA Eften Real Estate Fund has acquired a portfolio of five Estonian assets from EPI Baltic I for EUR 30.5 mln.

Avrig 35 stake to be sold

schedule 10 July 2013

ROMANIA Two investors have expressed an interest in purchasing a 30 pct stake in developer Avrig 35, local media reports.

Government reclaims EUR 172 mln for infrastructure programme

schedule 09 July 2013

ROMANIA The European Commission has approved the reimbursement of EUR 172 mln to the Romanian government under the Transport Operational Programme.

Etalon sees 30 pct growth in sales

schedule 09 July 2013
Rafał Ostrowski
journalist

RUSSIA With new contract sales amounting to RUB 6.75 bln (EUR 158 mln), Etalon Group recorded a 30 pct increase in residential sales y-o-y in the second quarter of 2013.

C&W to advise PKP

schedule 09 July 2013

POLAND Cushman & Wakefield is to advise Polish State Railways (PKP) on the development of a property on ul. Towarowa in Warsaw.

Investment & finance

GELF completes EUR 550 mln rights issue

schedule 09 July 2013

EUROPE Goodman European Logistics Fund (GELF) has raised EUR 550 mln via a rights issue to existing investors.

Russian investment volumes reach USD 4.63 bln

schedule 08 July 2013

RUSSIA Investment volume in commercial real estate reached USD 4.63 bln in the first half of 2013, according to Cushman & Wakefield.

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