Investment &amp; finance

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.

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

POLAND Polski Holding Nieruchomości was the 439th company to have joined the group of firms listed on the Warsaw Stock Exchange.

Fort Traugutta sold

POLAND The Polish government has sold the former military site Fort Traugutta on ul. Międzyparkowa in Warsaw to Michał Kiciński, former president of computer game developer CD Projekt for PLN 3.03 mln.

Portico adds new property

POLAND Portico Investments has bought a Biedronka store in Kostrzyn nad Odrą, the twelfth such store in the company’s portfolio and its fifteenth property in Poland.

Lights on for Galeria Katowicka

POLAND ES-System has signed a contract with Neinver and PKP, the investors behind Galeria Katowicka, to supply internal and external lighting for the facility.

Awbud sells factory

POLAND Betra Nova has signed a preliminary purchase agreement with Awbud subsidiary Produkcja Wyrobów Betonowych Awbud for a manufacturing plant on ul. Łąkowa in Racibórz.

Higher Estonian property sales

ESTONIA Over EUR 1.7 bln in more than 36,000 real estate sales was transacted in 2012, according to Statistics Estonia.

Intersport results improve

12 February 2013

POLAND Sports store chain Intersport chain has reported a 13.2 pct y-o-y increase in turnover for 2012.

ABM Solid refused bankruptcy open to arrangements

12 February 2013

POLAND The district court in Tarnów has dismissed ABM Solid’s application to change its bankruptcy proceedings from a liquidation of its assets to a bankruptcy open to arrangements.

Murapol buys Katowice property

12 February 2013