Investment &amp; finance

ROMANIA The Grand Arena Mall in Bucharest has been declared insolvent after three construction companies (Arcon Constructions, Climatehnic and CZ & C) petitioned the courts for repayment of debts, according to local media.

Blackstone buys restaurant building in Kłodzko

03 January 2013

POLAND Blackstone, the owner of the Galeria Twierdza shopping centre in Kłodzko, has bought the freestanding Broaster Chicken restaurant building, which has recently been built adjacent to the mall, for EUR 1.3 mln from Rank Progress.

Polnord acquires plot from Dolcan

03 January 2013

POLAND Polnord has bought a land plot from developer Dolcan on ul. Powstańców in Ząbki just outside Warsaw.

BOŚ bank takes over Feniks

03 January 2013

POLAND The Bank Ochrony Środowiska Group has leased the entire Feniks office building in Warsaw.

Makrum sells land in Szczecin

POLAND Makrum has sold the perpetual usufruct of two plots on ul. Gdańska within the seaport in Szczecin.

Redan signs debt repayment deal

POLAND Redan has concluded an agreement with its banks and its bond holders. Within the next three months its management board is to present a long term business plan which is to include a repayment schedule of its total debt.

Polimex-Mostostal agrees with creditors

POLAND Polimex-Mostostal has concluded a restructuring agreement with its creditors, due to which it should receive additional financing from the Industrial Development Agency by the end of January 2013.

Unibep announces Q3 results for 2012

POLAND the Unibep capital group has recorded a 27 pct increase in its net profit for Q3 2012 compared to the same period of the previous year.

Immofinanz releases results

EUROPE Immofinanz Group has recorded a 15.1 pct increase in its revenues from lease for the first half of the 2012/2013 financial year up from EUR 283.7 mln in the same period of the previous year to EUR 326.7 mln.

W.P. Carey invests in Agrokor

CROATIA W.P. Carey has acquired a portfolio of eight retail stores through its publicly- held REIT affiliate CPA®:17 – Global.

Date set for CPI/Ablon denouement

HUNGARY/CZECH REPUBLIC Shareholders have until April 3rd 2013 to accept an offer by CPI to buy the entire share capital of Ablon Group.

Plaza Centers hit by depreciating assets

WORLD Shopping centre developer Plaza Centers has reported a loss of EUR 85.9 mln for 2012.

Oaktree forms Griffin partnership

Nathan North
managing editor (English section)

POLAND Oaktree Capital Management has become a new joint stakeholder and partner of the Griffin Group.

Invesco RE buys Stará Celnice

Nathan North
managing editor (English section)

CZECH REPUBLIC Invesco Real Estate (IRE) has acquired the Stará Celnice office building in Prague 1.

Robyg buys land from Carrefour

POLAND Grupa Robyg has finalised its purchase of a plot on al. Rzeczypospolitej in Warsaw from Carrefour Polska for PLN 29.9 mln net

JLL predicts EUR 2.5 bln volume for 2012

POLAND Jones Lang LaSalle is predicting a Polish commercial real estate transaction volume of at least EUR 2.5 bln for 2012.

Bluehouse buys the last of Infopark

HUNGARY IVG Immobilien has sold the last of the six office properties it developed in Budapest’s Infopark. The buyer of Infopark ‘E’ is Bluehouse Capital, which specialises in property investment in the CEE and SEE regions.

InterContinental Warsaw sale signed and sealed

POLAND The sale of the InterContinental hotel in Warsaw to WestInvest InterSelect, a retail real estate fund of Germany’s DekaBank group, was finalised today.

Four Winds changes hands

19 December 2012

RUSSIA Capricornus Investments has bought the Westec Four Winds office and residential project in Moscow from AFI Development and S&T Equity.

Strahov Stadium sold to Czech FA

19 December 2012