Investment &amp; finance

BALTIC STATES The real estate markets of the Baltic States are set to grow over the next two to three years, according to a report by Newsec.

CPI buys all of Copa Centrum Národní

08 March 2013

CZECH REPUBLIC CPI Group has purchased the remaining 50 pct stake in the Copa Centrum Národní office and retail development in Prague from Swiss businessman Sebastian Pawlowski and is now the sole owner.

Polimex property goes to Mars

07 March 2013

POLAND Polimex-Mostostal has sold the perpetual usufruct of a harbour property in Gdynia to the Industrial Development Agency’s Mars Finance 1 investment fund.

Polnord wades into water and sewage

07 March 2013

POLAND Polnord has filed a lawsuit against Miejskie Przedsiębiorstwo Wodociągów i Kanalizacji (MPWiK), the company that operates the water and sewage works in Warsaw.

Ronson reports higher profits

07 March 2013

POLAND Ronson Development generated revenue of PLN 198.8 mln in 2012, an increase of 106 pct on the previous year.

Mostostal Zabrze suffers 2012 losses

POLAND Construction group Mostostal Zabrze suffered a net loss in 2012 of more than PLN 11.5 mln, after generating a profit of PLN 27.9 mln a year earlier, according to a report drawn up by the company. Its sales revenue reached PLN 661 mln, compared to PLN 732.7 mln a year earlier.

Office and warehousing up, but slower retail growth

POLAND The supply of office space in Warsaw increased by 270,000 sqm in 2012 and currently amounts to nearly 2.9 mln sqm, according to a report by DTZ. Another 650,000 sqm is under construction, which “will translate into a high level of supply in the next two years,” claim the authors of the report.

This is an ex-Swan

ROMANIA Swan Property, the developer of the Swan Office & Technology Park in Bucharest, has been declared insolvent.

Skanska buys Corso IIB project

CZECH REPUBLIC Karlín Group has sold the Corso IIB office project in Prague to Skanska Property Czech Republic, according to local media reports.

Good year for Echo

POLAND Echo Investment has reported its results for 2012. Its operating revenue amounted to PLN 583.6 mln, up on the PLN 406.9 mln it made in 2011.

Mixed last quarter for Prima Moda

POLAND Footwear chain Prima Moda has published its results for Q4 2012. Over the period the company restructured its sales division, closing down two stores.

Sfinks turning the corner

POLAND Sfinks Polska has reported its results for 2012. Net revenue for the restaurant chain came to PLN 170.9 mln, while registering an operating loss of PLN 2.6 mln (compared to a loss of PLN 9.9 mln in 2011).

Warimpex issues EUR 15.1 mln of bonds

POLAND Warimpex has issued bonds in Poland to the value of PLN 63.1 mln (app. EUR 15.1 mln), with each bond worth PLN 1,000 (app. EUR 250).

No complaints from Dom Development

04 March 2013

POLAND Development company Dom Development has summed up 2012 as a difficult but successful year. The company sold 1,436 apartments over the year, nearly 300 fewer than in 2011.

Biedronka spreads its wings

04 March 2013

POLAND The Jeronimo Martins group is planning to invest from EUR 650 to 700 mln in 2013, 70 pct of which has been earmarked for the further development of the Biedronka chain.

Platinium Business Park sold

04 March 2013

POLAND Globe Trade Centre group has finalised its sale of the fifth building in Platinium Business Park in Warsaw to Allianz Real Estate for a final price of EUR 34 mln.

Nickel Development debuts on Catalyst

POLAND Nickel Development has debuted on the Catalyst market of the Warsaw Stock Exchange.

Mirbud takes out loan

POLAND Mirbud has concluded a loan agreement for up to PLN 50 mln with the Industrial Development Agency.

Kasprowy in the hands of Bachleda

POLAND Orbis has sold the Mercure Kasprowy to the Bachleda Hotel company. The hotel on ul. Szymaszkowa in Zakopane was sold for PLN 56.35 mln.

Construction market recovers