Investment &amp; finance

POLAND Inter IKEA Centre Group Poland has released its results for 2012 and reported an increase in footfall at its retail parks and shopping centres, an increase in turnover of over 9 pct, nearly 50 newly signed leases as well as 150 lease extensions and the repositioning of two retail parks.

CPI makes offer for Ablon

19 February 2013

CEE REGION CPI has indicated that it is considering a possible takeover for Ablon at a price of GBP 0.225 per ordinary share in cash, valuing the company's entire issued share capital at GBP 30.8 mln (app. EUR 37.5 mln).

Penta secures EUR 113 mln refinancing for Digital Park

19 February 2013

SLOVAKIA Penta has secured EUR 113 mln in refinancing for its Digital Park office project in Bratislava. The loan is to be used to refinance existing loans for the construction of Digital Park I and II and finance construction work on Digital Park III.

Helical demands payment from BNP Paribas

POLAND Helical Sośnica, an SPV company of Helical Poland established to develop the Europa Centralna retail centre, has demanded that BNP Paribas Bank Polska pay out PLN 25.9 mln from a guarantee it issued for the completion of the work on the centre to the general contractor, Polimex-Mostostal.

Waryński signs contracts with partners

POLAND The Waryński group has signed an investment contract with Polnord and Dantex to develop two residential and office projects on ul. Jana Kazimerza in Warsaw’s Wola district by setting up joint venture companies with both firms.

Monnari receives over PLN 10 mln for Łódź plot

POLAND Monnari Trade, the owner of the Monnari clothing brand, has sold a 1.6 ha plot on ul. Kilińskiego in Łódź to Centrum-Wasiak Sławomir for PLN 10.45 mln net.

Lakeview sale finalised

ROMANIA New Europe Property Investments subsidiary NE Property Cooperatief has bought all the shares of BVB Real Estate from AIG/Lincoln Lakeview and also acquired the company’s outstanding debt from MKB Bank MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársas.

Poland accounts for 70 pct of CEE investment

POLAND The Polish market accounted for over 70 pct (EUR 1.87 bln) of the total EUR 2.5 bln real investment in the CEE region in H2 2012, according to figures from Jones Lang LaSalle.

Griffin buys two Warsaw office buildings

POLAND A fund managed by Griffin Group has acquired Philips House and Batory Office Building I, two modern office buildings in Warsaw, for around PLN 80 mln in a court bankruptcy public tender.

PPG raises PLN 7.5 mln for Svetly Dali

20 March 2013

POLAND/RUSSIA Platinum Properties Group has raised PLN 7.5 mln from a public share issue on the Warsaw Stock Exchange

Echo divests three malls

20 March 2013

POLAND Echo Investment is selling three shopping centres in Radom, Tarnów and Piotrków Trybunalski.

Mixed results for CA Immo

20 March 2013

EUROPE CA Immo made a loss of EUR 157.8 mln in 2012. This was still a better result than in 2011 when the company made a loss of EUR 177.9 mln.

Negative Impact

ROMANIA Romanian developer Impact Developer & Contractor has released its results for 2012. It has declared a net loss of RON 38.79 mln (app. EUR 8.8 mln) for the period, which compares with a loss of RON 45.06 mln in the previous year.

Colliers sums up the land market

POLAND Around 85 pct of land purchases by investors were for office and residential projects, with 10 pct for retail and 5 pct for industrial projects – according to Colliers International.

Ups and downs for the Czechs this year, says Colliers

CZECH REPUBLIC Investment volume in 2013 is set to exceed the EUR 610 mln transaction last year in the Czech Republic, according to Colliers International.

SRV takes all of Septem City

RUSSIA Finnish company SRV has acquired the 12.5 pct holding of its Russian partner in the Septem City project in St Petersburg. As a result of the purchase, SRV now owns 100 pct of the project.

Office and retail markets still buoyant

POLAND In 2012, 268,000 sqm of new office space was added to the market in 27 new buildings, according to figures from CBRE.

Warimpex to issue Polish bonds

POLAND Warimpex is to issue bonds worth PLN 80 mln in Poland, which are to trade on the Catalyst market of the Warsaw Stock Exchange.

Elektrosila up for sale

14 February 2013

RUSSIA Dorinda Invest is to sell the Elektrosila shopping complex in St Petersburg.

PHN debuts on WSE trading floor

14 February 2013