Investment &amp; finance

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’.

NEPI buys into Mega Mall

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

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.

Vítek “buys Orco Endurance funds”

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

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

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

No restructuring agreement for IVG

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

Marr Capital to sell 13.8 ha plot

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.

Echo loan from German bank

26 July 2013

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

26 July 2013

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

Globalworth completes EUR 53.6 mln London IPO

25 July 2013

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

25 July 2013

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

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

23 July 2013

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

Hines buys Bank BPH Warsaw plots for EUR 18 mln

23 July 2013

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

23 July 2013

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

22 July 2013

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.

Starwood buys The Park

22 July 2013

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.