Investment & finance

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Aareal consortium agrees EUR 650 mln refinancing of retail portfolio

schedule 06 May 2013

POLAND A consortium led and managed by Aareal Bank has refinanced a loan of EUR 650 mln for a retail property portfolio in Poland in what is purported to be the largest such financing transaction in the CEE region for several years.

Investment & finance

Immofinanz poised for Warsaw listing

schedule 06 May 2013
Nathan North
managing editor (English section)

POLAND Immofinanz is scheduled to list its shares on the Warsaw Stock Exchange from tomorrow (May 7th).

Capital Mill buys four properties from BPT Secura Fund

schedule 06 May 2013

BALTIC STATES Newsec, SEB Corporate Finance and Summa Advisers have sold four assets on behalf of the BPT Secura Fund in Vilnius, Riga and Tallinn.

J.W. Construction issues bonds

schedule 06 May 2013

POLAND J.W. Construction has issued 9,120 bearer bonds with a total value of PLN 91.2 mln.

Nobody wants the citadel

schedule 26 April 2013
Eurobuild CEE

POLAND No bids have been entered to buy the citadel in Twierdza Modlin, put up for auction by the Military Property Agency.

Coifer to be liquidated

schedule 25 April 2013
Aneta Cichla

POLAND/ROMANIA Coifer, a Romanian subsidiary of Polimex-Mostostal, is to be liquidated with the option to be restructured.

Raven granted USD 100 mln refinancing

schedule 25 April 2013
Rafał Ostrowski
journalist

RUSSIA Raven Russia subsidiary Damicon Holdings has obtained a seven-year loan of USD 100 mln from Sberbank.

Azora buys Aquarius Business Park

schedule 25 April 2013
Aneta Cichla

POLAND Two Azora Europe subsidiaries, Horta and SKUA, have concluded conditional agreements with Echo Investment to purchase the two office buildings of the Aquarius Business House complex in Wrocław.

NEPI announces four investments

schedule 25 April 2013

ROMANIA /SLOVAKIA New Europe Property Investments (NEPI) has announced a number of investments.

Alterco drops plans to buy Jadran Hotel Chain

schedule 24 April 2013
Rafał Ostrowski
journalist

CROATIA Polish investment company Alterco has cancelled its plans to buy Croatian hotel chain Jadran Crikvenica Hoteli.

Smaller losses for Rezidor

schedule 24 April 2013
Eurobuild CEE

WORLD The Rezidor hotel group has reported a marginal increase in revenue for quarter one 2013.

Ablon delists

schedule 23 April 2013

ROMANIA/HUNGARY CPI has applied for the delisting of Ablon from the London Stock Exchange.

Knightsbridge Private Park with EUR 182 mln financing

schedule 23 April 2013
Rafał Ostrowski
journalist

RUSSIA Developer Restavracia N has received a five-year credit line of RUB 7,5 bln (app. EUR 182.8 mln) from Sberbank to finance the construction of the Knightsbridge Private Park residential estate in Moscow.

PLN 900 mln for PPP project

schedule 19 April 2013
Eurobuild CEE

POLAND SITA Zielona Energia has received a loan of almost PLN 900 mln from Bank Gospodarstwa Krajowego, Pekao Bank and PKO BP.

Erbud extends guarantee lines

schedule 19 April 2013
Eurobuild CEE

POLAND Erbud has signed a contract on granting temporary contract insurance guarantees up to a limit of PLN 50 mln with Powszechny Zakład Ubezpieczeń.

P.A. Nova finalises sale to Kaufland

schedule 19 April 2013
Eurobuild CEE

POLAND Construction and development company P.A. Nova has signed a contract to sell a retail facility to Kaufland Polska Markety.

AERE EUR 350 mln bond placement

schedule 19 April 2013
Rafał Ostrowski
journalist

CEE REGION Atrium European Real Estate has completed the placement of a EUR 350 mln unsecured seven year eurobonds maturing in April 2020 and bearing a fixed coupon of 4 pct per annum.

CEE property investment triples in Q1 2013

schedule 18 April 2013
Rafał Ostrowski
journalist

CEE REGION In Q1 2013, the total commercial real estate investment volume in CEE region reached EUR 2.6 bln, according to data from CBRE.

C&W reports record revenue for 2012

schedule 17 April 2013

WORLD Last year Cushman & Wakefield recorded USD 2.05 bln in full year gross revenue – the second highest in its 95-year history.

EBRD to finance Odessa IT Centre

schedule 16 April 2013

UKRAINE The European Bank for Reconstruction and Development is considering providing financing of up to USD 4.9 mln to Rialto Residence, part of Istil Group, for the refurbishment of Odessa IT Centre.

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