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Bankruptcy of Budimex’s company

schedule 17 September 2012

POLAND Budimex subsidiary Przedsiębiorstwo Napraw Infrastruktury (PNI) has obtained a Warsaw court decision in regards to its declaration of bankruptcy open to arrangements.

Hydrobudowa in liquidation

schedule 17 September 2012
Eurobuild CEE

POLAND The District Court in Poznań has declared that Hydrobudowa Polska is to go into liquidation and appointed an administrator for the company.

BULGARIA, Super Borovets Property Fund

schedule 17 September 2012
Eurobuild CEE

BULGARIA Super Borovets Property Fund intends to raise BGN 9.93 mln (EUR 5.08 mln) through a share issue on the Bulgarian Stock Exchange.

Newsec agrees BNP alliance

schedule 13 September 2012
Eurobuild CEE

BALTIC STATES Nordic and Baltic property consultancy Newsec has signed an alliance agreement with BNP Paribas Real Estate.

MirLand subs given USD 50 mln Sberbank loan

schedule 13 September 2012
Eurobuild CEE

RUSSIA MirLand has announced that it has secured a new non-revolving USD 50 mln refinancing loan agreement with SberBank of Russia for two of its Moscow office investment assets.

Hydrobudowa opts for liquidation

schedule 12 September 2012
Eurobuild CEE

POLAND Hydrobudowa, which in June had hoped to enter into a bankruptcy open to arrangements, has now made a court application to change the proceedings into a liquidation of the company’s assets.

Warsaw Trade Tower for sale

schedule 12 September 2012
Eurobuild CEE

POLAND The Warsaw Trade Tower building is to be put up for sale by Akron Investment Central Eastern Europe II.

Share issue cancelled

schedule 11 September 2012
Eurobuild CEE

ESTONIA Pro Kapital has cancelled its planned IPO. The company had finished the book building process but, “the shareholders and the company decided not to accept the steep discounts required by the financial markets,” the company wrote in a statement.

EU provides PLN 24 mln for Warsaw museum

schedule 10 September 2012
Eurobuild CEE

POLAND The Royal Łazienki Museum in Warsaw has obtained supplementary financing from the European Regional Development Fund.

Wikana receives financing for Lublin project

schedule 10 September 2012
Eurobuild CEE

POLAND Wikana subsidiary Wikana Invest has signed a PLN 53.7 mln credit agreement with PKO BP bank.

Successful H1 for Accor

schedule 10 September 2012
Eurobuild CEE

WORLD Accor, the strategic partner of Grupa Hotelowa Orbis, registered a 3.6 pct increase in its revenue for H1 2012 – up to EUR 2.7 mln in a ‘like for like’ comparison (which excludes hotels that have been opened or sold as well as significant one-off factors).

Warsaw office building changes hands

schedule 10 September 2012
Eurobuild CEE

POLAND IVG has bought the Norway House office building in Warsaw. The seller is a fund managed by Pramerica.

Raiffeisenbank provides Krakov finance

schedule 10 September 2012
Eurobuild CEE

CZECH REPUBLIC Raiffeisenbank is providing more than CZK 500 mln (app. EUR 20.4 mln) in project finance for the Centrum Krakov project in Bohnice, Prague 8.

Murapol has land for Nowe Winogrady

schedule 06 September 2012
Eurobuild CEE

POLAND Murapol Nowe Winogorady has reached a settlement with Bank Gospodarstwa Krajowego and taken on the debt of the former owner of the land on which the Nowe Winogrady estate in Poznań is to be built.

Poleczki hotel sold

schedule 06 September 2012
Eurobuild CEE

POLAND UBM has sold a hotel in Warsaw’s Poleczki Business Park complex to BRE Leasing.

Better results for Wikana

schedule 05 September 2012
Eurobuild CEE

POLAND Wikana recorded revenues of PLN 37.5 mln for H1 2012. Its gross profit from sales amounted to PLN 11 mln, which constitutes an increase of almost 102 pct on the same period of the previous year.

Three companies interested in Lublin bus station

schedule 05 September 2012
Eurobuild CEE

POLAND Three investors, including Echo Investment, HB Reavis Poland and Karmar, have made offers to develop the Lublin bus station.

Erbud suffers 15.5 pct fall in revenue

schedule 05 September 2012
Eurobuild CEE

POLAND In the first half of 2012 Erbud generated revenue of PLN 580 mln from its core activities, which constitutes a 15.51 pct decrease compared to the same period last year.

Indian group buys Ohrid hotel

schedule 05 September 2012
Eurobuild CEE

MACEDONIA The Roy Subrata Group of India has bought the Slavija hotel in Ohrid.

SCD faces legal action

schedule 05 September 2012
Eurobuild CEE

HUNGARY The Hungarian state is suing SCD group for a HUF 2.5 bln (app. EUR 8.7 mln) indemnity resulting from its failure to develop tourist facilities on land it bought from the state around lake Balaton in 2004 and 2005.

Edition 4 (287) April 2024

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