Investment &amp; finance

RUSSIA PIK Group has acquired 96.2 pct of the shares of the Tretii Taksomotorny Park [3-ий таксомоторныйпарк] taxi company, the owner of a 1,6 haplot located on Vavilov street in an upmarket district to the southwest of Moscow’s historic centre.

Altus sold to Izera

POLAND A buyer has finally been found for the Altus building in Katowice: Izera, which has bought the property for PLN 185 mln after three public auctions.

Mostostal Warszawa borrows PLN 38 mln

Aneta Cichla

POLAND Mostostal Warszawa has borrowed EUR 9 mln (app. PLN 38 mln) from Acciona Infraestructuras.

UGL announces plans for DTZ demerger

WORLD Australian construction group UGL has today officially announced its plans for a demerger with DTZ. Both companies are to be listed on the Australian Securities Exchange (ASX), with UGL to revert to focusing on construction and engineering and DTZ to concentrate on property services.

Central Group makes bid for Dancing House

CZECH REPUBLIC Residential developer and investor Central Group has today officially offered to buy Tančící dům (the Dancing Building or ‘Fred and Ginger’) in Prague for CZK 250 mln (app. EUR 9.65 mln).

Lower profits for Berlin Hyp

EUROPE Berlin Hyp generated EUR 51.2 mln before tax and profit transfer in the first half, lower than the result for H1 2012 when the company made EUR 57 mln.

Creditors outline IVG restructuring plan

EUROPE The creditors of IVG Immobilien have put forward a restructuring plan for the company, which among other measures includes a simplified capital reduction down to 0.5 pct of the share capital of the company as well as a debt-to-equity swap (after which the creditors will hold 80 pct of the company's share capital).

Penta poised to buy Mediq Apteka

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

Aneta Cichla

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

Fred and Ginger for sale

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.

Blackstone to sell Hilton Worldwide in IPO

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.

MirLand secures USD 95 mln financing

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

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.

Former Radisson hotel put up for sale

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.

Danilovsky Fort for sale

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

EU approves Multi Corporation takeover

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

NEPI concludes Aupark Žilina purchase

06 August 2013

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

06 August 2013

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

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.