Investment & finance

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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.

Investment & finance

Marr Capital to sell 13.8 ha plot

schedule 29 July 2013

ROMANIA Marr Capital has put up for sale a 13.8 ha plot for an asking price of EUR 4.45 mln in Corbeanca near Bucharest.

Investment & finance

Echo loan from German bank

schedule 26 July 2013
Aneta Cichla

POLAND Development company Echo Investment has borrowed PLN 450.2 ml from German bank Hypothekenbank Frankfurt for the acquisition of the Pasaż Grunwaldzki shopping centre in Wrocław.

Akura moves to force EFH bankruptcy

schedule 26 July 2013
Aneta Cichla

POLAND Akura, which operates in the insurance industry, has filed for bankruptcy of Europejski Fundusz Hipoteczny (EFH).

Investment & finance

Globalworth completes EUR 53.6 mln London IPO

schedule 25 July 2013
Nathan North
managing editor (English section)

ROMANIA Globalworth Real Estate Investments has today announced the successful completion of its IPO and the admission to trading of its ordinary shares on the AIM Market of the London Stock Exchange.

Alterco swaps land for shares

schedule 25 July 2013
Aneta Cichla

POLAND Alterco has signed a contract to sell a plot at ul. Św. Mikołaja 35 in Gdynia.

Griffin Group to fight for land in Warsaw

schedule 24 July 2013

POLAND At the beginning of June the Warsaw District Court rescinded Griffin Group’s perpetual usufruct rights for a plot at ul. 29 Listopada 5 in Warsaw.

NFI Empik Media & Fashion issues bonds

schedule 23 July 2013
Aneta Cichla

POLAND NFI Empik Media & Fashion has issued 250 unsecured discount bonds worth PLN 25 mln.

Investment & finance

Hines buys Bank BPH Warsaw plots for EUR 18 mln

schedule 23 July 2013
Nathan North
managing editor (English section)

POLAND Flagstone, a Hines group fund, has acquired the perpetual usufruct rights for a number of neighbouring plots in Warsaw’s Wola district from Bank BPH for EUR 18 mln.

Cinema City and U. Dori up their stake in Ronson

schedule 23 July 2013
Rafał Ostrowski
journalist

POLAND Israeli-owned companies Cinema City International and U. Dori have jointly agreed to purchase a 15.3 pct stake in Ronson Europe from GE Capital Real Estate.

EBRD considering EUR 14.2 mln loan for Plovdiv infrastructure

schedule 22 July 2013
Rafał Ostrowski
journalist

BULGARIA The European Bank for Reconstruction and Development is considering supporting road rehabilitation and construction work for four city boulevards in Plovdiv with a long term investment loan of EUR 14.2 mln.

Investment & finance

Starwood buys The Park

schedule 22 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC An affiliate of Starwood Capital Group has acquired The Park office campus in Prague in what is reported to be the largest office transaction in the history of the Czech Republic.

Investment & finance

Silesia City Center sale approved

schedule 19 July 2013

POLAND A consortium led by Allianz Finance has received consent from the Office for Competition and Consumer Protection (UOKiK) to buy Silesia City Centre in Katowice.

Wikana restructures debt

schedule 19 July 2013

POLAND Wikana has raised PLN 28.1 mln from the issue series ‘A’ and ‘B’ bonds.

Investment & finance

Hines with 50 pct stake in Metropolis

schedule 19 July 2013
Rafał Ostrowski
journalist

RUSSIA Hines CalPERS Russia Long Term Hold Fund (HCRLTH) has revealed that the stake it recently bought in the Metropolis shopping centre in Moscow from the Morgan Stanley Real Estate Investing (MSREI) fund amounted to 50 pct.

Investment market up by 60 pct

schedule 18 July 2013
Rafał Ostrowski
journalist

CEE REGION The overall CEE investment volume in the first half of the year amounted to EUR 4.5 bln, 60 pct higher than in H1 2012 – according to the latest CEE Property Investment Market View report by CBRE.

Investment & finance

Rank Progress pulls out of Galeria Chełmska talks

schedule 18 July 2013
Aneta Cichla

POLAND Legnica-based developer Rank Progress has pulled out of negotiations to buy into the Galeria Chełmska shopping centre project in Chełm.

Plaza Centers sells Prague 3 project

schedule 18 July 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Plaza Centers has completed the sale its 100 pct stake in the vehicle that owns its Prague 3 project in the city’s third district to an unnamed investor.

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