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Palmer sells four regional office properties

schedule 27 February 2013
Eurobuild CEE

CZECH REPUBLIC Fund manager Palmer Capital has announced the sale of four Czech office properties, from its Palmer Capital Central European Properties portfolio to closed-end fund 1.

IVG buys Le Palais

schedule 27 February 2013
Eurobuild CEE

POLAND Warimpex Finanz- und Beteiligungs has signed a preliminary sales agreement with the IVG Warschau Fonds fund to sell the recently completed Le Palais office building on ul Próżna in Warsaw for an undisclosed price.

Altus in Katowice up for auction

schedule 26 February 2013
Eurobuild CEE

POLAND The Altus mixed-use building in Katowice, which is owned by Kredyt Bank subsidiary Reliz, which is currently in liquidation, has been put up for sale by the official receiver.

Poor 2012 for Czerwona Torebka

schedule 26 February 2013
Eurobuild CEE

POLAND Czerwona Torebka has released its results for 2012. Sales revenue came to PLN 75.8 mln, a decrease of PLN 18 mln on the previous year.

Construction begins on Green Court

schedule 26 February 2013
Eurobuild CEE

ROMANIA Construction work has begun on the first phase of Green Court Bucharest, which is being developed by Skanska.

Weaker Q4 for CCC

schedule 25 February 2013
Eurobuild CEE

POLAND CCC (which was formerly called NG2) has recorded a net profit of PLN 55.2 mln for Q4 2012, slightly less than the PLN 64 mln recorded a year earlier.

Rank Progress enters new business

schedule 25 February 2013
Eurobuild CEE

POLAND Retail property developer Rank Progress has launched a new business line.The company is to develop waste management facilities and has bought a 15 ha plot for PLN 20.8 mln in Silesia through its subsidiary Rank Recykling Energy, where it plans to build a waste treatment plant.

Short-term loan for Budimex

schedule 25 February 2013
Eurobuild CEE

POLAND ING Bank Śląski has leant Budimex up to PLN 25 mln, which is to be repaid by February 18th.

Metropolis sold

schedule 25 February 2013
Eurobuild CEE

RUSSIA Morgan Stanley Real Estate Investing has bought the 205,000 sqm Metropolis shopping Centre in Moscow for one of the funds it is managing.

EM&F sees Q4 sales growth

schedule 21 February 2013
Eurobuild CEE

POLAND In Q4 2012 the net sales revenue of the Empik Media & Fashion group amounted to PLN 1.1 bln – 4 pct higher than the same period in 2011.

Finance for DomExpo Opole

schedule 21 February 2013
Eurobuild CEE

POLAND Kępska, the investor and developer of the DomExpo project in Opole, has been granted financing for the project by Invest Bank.

Orbis enjoys modest growth

schedule 21 February 2013
Eurobuild CEE

POLAND The total revenue of Grupa Hotelowa Orbis increased by 3.3 pct y-o-y in 2012, amounting to PLN 691.5 mln.

PKP railway stations for sale or renovation

schedule 20 February 2013
Eurobuild CEE

POLAND PKP is considering the sale of 50 railway stations this year, after having sold 58 in 2011.

Successful year for Budimex

schedule 20 February 2013
Eurobuild CEE

POLAND Grupa Budimex has released its results for 2012. Net revenue from sales of products, goods and materials came to nearly PLN 6.08 bln up on 2011 revenues of PLN 5.5 bln in 2011.

Platinium Properties prepares WSE flotation

schedule 20 February 2013
Eurobuild CEE

POLAND Platinium Properties Group has begun the book building process for its flotation on the Warsaw Stock Exchange.

EFH unable to buy back bonds

schedule 20 February 2013
Eurobuild CEE

POLAND Europejski Fundusz Hipoteczny has applied to the District Court in Warsaw to extend the maturity of its EF series bonds, upon which payment is currently due.

Eften Real Estate Fund acquires Hotel Palace in Tallinn

schedule 20 February 2013
Eurobuild CEE

ESTONIA Eften Real Estate Fund and AS Esraven in a 50:50 joint venture have purchased the Hotel Palace on Vabaduse väljak (‘Freedom square’) in Tallinn from Scandic Hotels for an undisclosed price. Eften has announced that the building is to be fully renovated.

Valad takes control of GE Capital’s Polish Retail Fund

schedule 20 February 2013
Eurobuild CEE

POLAND Real estate investment manager Valad has acquired the investment adviser and asset management teams of GE Capital Real Estate’s Polish Retail Fund for an undisclosed price.

Próchnik buys Rage Age

schedule 19 February 2013
Eurobuild CEE

POLAND fashion retailer Próchnik has bought the Rage Age clothing brand for PLN 18 mln. The transaction has been financed through the issue and acquisition of I series shares.

Universal sale

schedule 19 February 2013
Eurobuild CEE

POLAND The court appointed administrator of Metro-Projekt has announced the former headquarters of Universal Foreign Trade Centre.

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