Investment & finance

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Lords LB launches EUR 50 mln fund

schedule 12 February 2013
Eurobuild CEE

LITHUANIA Lords LB Asset Management has begun raising funds for its Lords Baltic Fund III.

HB Reavis loaned EUR 64.5 mln for City Business Center

schedule 12 February 2013
Eurobuild CEE

SLOVAKIA HB Reavis has been granted a EUR 64.5 mln loan to refinance its City Business Center in Bratislava from Erste Group and another undisclosed lender.

Silesian properties of PKP up for grabs

schedule 11 February 2013
Eurobuild CEE

POLAND The Polish State Railways (PKP) has sold a property on ul. Braniborska in Wrocław for PLN 12.6 mln. The buyer of the two plots with an area of 1.21 ha is a private company. The transaction was finalised in January.

Kielce SEZ to grow

schedule 11 February 2013
Eurobuild CEE

POLAND Kielce city council has decided that a number of plots on ul. Olszewskiego and ul. Pakosz will be added to the local Special Economic Zone.

Record year for CBRE

schedule 11 February 2013
Eurobuild CEE

WORLD CBRE has reported a record result for 2012 with global revenue of USD 6 bln, up by 10 pct on 2011.Revenue in Q4 came in at USD 2 bln, up by 14 pct on Q4 2011.

Orco sells shares and fund stake

schedule 11 February 2013
Eurobuild CEE

EUROPE Orco Property Group has sold its units in the office sub-fund of the Endurance Real Estate Fund to J&T Banka for EUR 8.7 mln.

ECM finally laid to rest

schedule 11 February 2013
Eurobuild CEE

CZECH REPUBLIC The Prague municipal court has finally declared developer ECM Real Estate Investments bankrupt. On February 7th, Astin Capital Management, the main group of creditors, pulled out of the reorganisation plan it had originally favoured.

FRI buys stake in retail park portfolio

schedule 08 February 2013
Eurobuild CEE

ROMANIA First Retail International (FRI), which is managed by Mitiska Ventures, has bought a 50 pct stake in the InterCora retail park portfolio from Alpha Property Development.

VTB lends RUB 2.7 bln to MR Group

schedule 07 February 2013
Eurobuild CEE

RUSSIA VTB Bank has provided a RUB 2.7 bln (app. EUR 66.3 mln) three-year credit line for Business Park Savelovsky, a subsidiary of MR Group, to finance the first phase of Savelovsky City, a class ‘B’ mixed-use complex in Moscow.

EBRD finances Belgrade retail park

schedule 07 February 2013
Eurobuild CEE

SERBIA The European Bank for Reconstruction and Development is to provide EUR 13.5 mln in financing for a 15,309 sqm retail park in Belgrade.

Horyniec health resort talks continue

schedule 05 February 2013
Eurobuild CEE

POLAND After extending exclusive negotiations with potential investors for the Horyniec health resort in Horyniec-Zdrój – Specjalistyczny Gabinet Reumatologiczny Lekarz Medycyny Beata Bogusz-Dukacz and Przedsiębiorstwo Handlowo-Usługowe Dukat Witold Dukacz – the Polish government has now opened talks with another party, Eskulap G. Czarnecki of Rachanie.

BPT fund buys Sky

schedule 05 February 2013
Eurobuild CEE

LATVIA In a sale and lease-back transaction, the BPT Baltic Opportunity fund has acquired its second asset, the Sky shopping centre in Riga’s Mežciems district.

TUP sells over 11 ha

schedule 05 February 2013
Eurobuild CEE

POLAND TUP Property, a subsidiary of TUP, has signed a preliminary agreement to sell 11.2 ha in POLAND TUP Property (Mazowieckie) to Warsaw company Inter Cars.

PHN to be sold for PLN 22 per share

schedule 06 February 2013
Eurobuild CEE

POLAND Subscriptions by private individuals have been concluded for shares in Polski Holding Nieruchomości, while the book building process for institutional investors has also closed.

Czerwona Torebka to acquire Merlin.pl

schedule 06 February 2013
Eurobuild CEE

POLAND Czerwona Torebka has signed a letter of intent to purchase internet retailer Merlin.pl and is shortly to carry out due diligence and apply for regulatory approval from the Office of Competition and Consumer Protection (UOKiK).

P.A. Nova pulls out of Selgros property purchase

schedule 06 February 2013
Eurobuild CEE

POLAND Gliwice-based developer P.A. Nova has cancelled its preliminary contract with Selgros to purchase of a property for PLN 30 mln after Selgros refused to amend the agreement.

Blue Tower Residence for sale

schedule 06 February 2013
Eurobuild CEE

ROMANIA RVA Insolvency Specialists are to auction the uncompleted Blue Tower Residence on Strada Fabrica de Gheata in Bucharest on February 15th.

Arco Vara breaks ties with Nordecon

schedule 06 February 2013
Eurobuild CEE

ESTONIA Tivoli Arendus, a company jointly owned by Arco Vara subsidiary Arco Investeeringute and International Invest Project, has cancelled its construction contract with Nordecon to develop an apartment building on Narva maantee in Tallinn.

More former military land up for sale

schedule 04 February 2013
Eurobuild CEE

POLAND The Polish government has sold Fort Traugutta, a former military property built on a 2,300 sqm site on ul. Międzyparkowa in Warsaw, to a private individual for PLN 3.03 mln.

Imtech Polska investigated over Adventure Park Warsaw irregularities

schedule 04 February 2013
Eurobuild CEE

POLAND The board of directors of Imtech Polska has been suspended pending an investigation by the mother company into possible irregularities regarding four contracts – including three signed with Adventure World Warsaw, a project for which Imtech was appointed general contractor.

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