Investment &amp; finance

POLAND Rank Progress together with a partner has won a public tender to buy a 22,500 sqm plot of land in the centre bordered by ul. Sienkiewicza, ul. Wałowa, ul. Srebrny Potok, and ul. Św. Jana for PLN 7 mln net.

SOFAZ buys Gallery Actor

RUSSIA The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has purchased the Gallery Actor mixed-use office and retail complex at 16 Tverskaya ulitsa in Moscow for USD 133 mln.

Investment volumes at EUR 7.4 bln for 2012

CEE REGION Investment volumes for the CEE region in 2012 reached EUR 7.4 bln, according to figures from CBRE, representing a 35 pct decrease y-o-y.

Immofinanz sells Prague office building

CZECH REPUBLIC Immofinanz Group has sold the BB Centrum Building ‘C’ in Prague to the VIG fund for an undisclosed price.

LPP sees revenue rise

04 January 2013

POLAND LPP, the owner of clothing brands Reserved, House, Mohito and Cropp Town has recorded sales revenue for 2012 of PLN 3.2 bln, a 29 pct increase on 2011.

Two health centres in local council hands

04 January 2013

POLAND The health centres in Świnoujście and Kołobrzeg have been taken over by local government authorities using a new government regulation allowing for the transfer of ownership of those centres excluded from the recent privatisation process.

Another mall declared insolvent

04 January 2013

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