Investment & finance

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Orco announces latest capital hike

schedule 28 June 2013
Nathan North
managing editor (English section)

EUROPE An extraordinary meeting of Orco shareholders has approved resolutions to increase the company's authorised share capital to EUR 278,992,584.

Segro and PSP form SELP

schedule 28 June 2013
Nathan North
managing editor (English section)

EUROPE Segro and the Public Sector Pension Investment Board (PSP Investments) have finalised a deal to form the Segro European Logistics Partnership (SELP) joint venture for Central European logistics properties.

Warsaw sells stake in Złote Tarasy

schedule 28 June 2013
Eurobuild CEE

POLAND The city of Warsaw has sold its 23.15 stake pct in the Złote Tarasy company (the owner of the Złote Tarasy shopping centre in the city) for PLN 217.6 mln.

Sistema buys controlling stake in Moskapstroy

schedule 27 June 2013
Rafał Ostrowski
journalist

RUSSIA Sistema [Система] has finalised the acquisition of 51 pct stake in Moskapstroy [Москапстрой], considered the largest engineering company in Russia.

Income up for O1 Properties

schedule 27 June 2013
Rafał Ostrowski
journalist

RUSSIA In 2012 investment company O1 Properties recorded a 39 pct increase in total equity to USD 1.077 bln, up from USD 0.775 bln as at the end of 2011.

Banks ranked by Polish Association of Developers

schedule 27 June 2013

POLAND Getin Noble Bank, PKO BP and Pekao have topped the rankings drawn up by the Polish Association of Developers for banks that finance residential projects.

PPG debuts on WSE

schedule 27 June 2013

POLAND Platinum Properties Group, which was listed on the NewConnect market, has debuted on the main trading floor of the Warsaw Stock Exchange.

Profit up for J.W. Construction

schedule 16 May 2013
Eurobuild CEE

POLAND In Q1 2013 J.W. Construction Holding recorded sales revenue of PLN 85.9 mln with a net profit of PLN 4.3 mln (PLN 2.46 mln in Q1 2012).

Inpro sees sales soar

schedule 16 May 2013
Eurobuild CEE

POLAND Inpro Capital Group has recorded a 104 pct increase y-o-y in its consolidated sales revenue for Q1 2013 generating a revenue of PLN 53.8 mln.

Strong results for MirLand

schedule 16 May 2013
Eurobuild CEE

RUSSIA MirLand Development Corporation has recorded a 7.6 pct q-o-q increase in its assets to USD 800.4 mln in the first quarter of the year.

Strong profits for Budimex

schedule 28 May 2013
Eurobuild CEE

POLAND The total value of all road tenders decreased by 40 pct in 2011 and in 2012 by a further 15 pct.

First PKP station sales

schedule 07 June 2013

POLAND Polish State Railways (PKP) has sold two stations as part of its ‘Dworzec na własność’ project.

Alcon obtains USD 250 mln loan

schedule 26 June 2013
Rafał Ostrowski
journalist

RUSSIA Sberbank of Russia has lent USD 250 mln for ten years to Office-Centr (Офис-центр), a subsidiary of Moscow-based real estate development and management company Alcon Group.

Investment & finance

Unilever to move to Eurocentrum

schedule 26 June 2013

POLAND Unilever is to occupy 5,410 sqm in the Eurocentrum Office Complex.

Wikana raises money

schedule 25 June 2013
Aneta Cichla

POLAND The Lublin-based developer Wikana is planning to issue bonds with a value of several million zloty.

Investment & finance

Rýnovka changes hands

schedule 25 June 2013

CZECH REPUBLIC Bluehouse Capital has bought the Rýnovka shopping centre in Jablonec from the Czech and Slovak Fund of CPDP2 for an undisclosed price.

Włodarzewska pays off debt

schedule 06 June 2013

POLAND Włodarzewska has redeemed 21,000 ‘A’ series bonds with a total nominal value of PLN 21 mln.

Tallinn plans property sale

schedule 06 June 2013

ESTONIA The city of Tallinn intends to sell 82 properties in the city’s Kopli Liinid district.

Rank Progress acquires financing for Brama Pomorza

schedule 18 June 2013
Aneta Cichla

POLAND BRE Bank has granted a number of credit facilities with a combined value in excess of PLN 157 mln to Rank Progress.

Alpine Bau files for insolvency

schedule 19 June 2013
Rafał Ostrowski
journalist

CEE REGION Alpine Bau has decided to present a voluntary declaration of insolvency before the Austrian courts in view of being unable to pay its debt obligations.

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