Investment & finance

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Manufaktura sale to be finalised

schedule 29 October 2012
Eurobuild CEE

POLAND On October 31st, Union Investment Real Estate is to finalise the acquisition of the 91,000 sqm Manufaktura shopping centre in Łódź for its Unilmmo: Deutschland open-ended fund.

Ecorse Investments takes over Eko Holding Group

schedule 26 October 2012
Eurobuild CEE

POLAND Ecorse Investments, a company controlled by Advent International, has taken over Eko Holding Group by buying a 58.61 pct stake in the company.

Protea Development plans Łódź sales centre

schedule 26 October 2012
Eurobuild CEE

POLAND Protea Development, a subsidiary of PBO Anioła, has concluded a preliminary agreement to purchase a 0.9 ha site in Łódź.

Italux invests in land at Okęcie

schedule 26 October 2012
Eurobuild CEE

POLAND Italux, a manufacturer and importer of decorative lighting, has purchased a 1.6 ha plot on ul. Szyszkowa in Warsaw’s Okęcie area.

TK Development co-finances road renovation in Jelenia Góra

schedule 26 October 2012
Eurobuild CEE

POLAND TK Development has signed an agreement with the town of Jelenia Góra to help finance the renovation of ul. Obrony Pokoju.

No arrangements for Metorex

schedule 26 October 2012
Eurobuild CEE

POLAND A court in Toruń has dismissed an application for bankruptcy open to arrangements by PBG subsidiary Przedsiębiorstwo Inżynieryjne Metorex.

Biedronka releases Q3 results

schedule 26 October 2012
Eurobuild CEE

POLAND The Biedronka retail chain, which belongs to the Jeronimo Martins group, has recorded EUR 7.954 bln in consolidated sales in Q3 this year, an increase of 8.7 pct. the company’s EBITDA increased by 5.2 pct, while its consolidated profit came to EUR 271.5 mln.

Portico takes on two retail properties

schedule 26 October 2012
Eurobuild CEE

POLAND Portico Investments has acquired two retail properties in Zabrze and Czechowice-Dziedzice.

Rezidor sees improvement

schedule 26 October 2012
Eurobuild CEE

WORLD Rezidor has released its Q3 results. Revenue was up by 8.3 pct to EUR 237.3 mln from EUR 219.4 mln in Q3 2011.

Daramis buys Zelené Město 2

schedule 25 October 2012
Eurobuild CEE

CZECH REPUBLIC Daramis Group has bought the second stage of the Zelené Město residential project near the Jarov interchange in Prague 9, from the developer Lighthouse Group.

Erbud secures financing for current operations

schedule 24 October 2012
Eurobuild CEE

POLAND Erbud has signed an annexe to a loan agreement with ING Bank Śląski.

Dromost bankruptcy open to arrangements

schedule 24 October 2012
Eurobuild CEE

POLAND A Poznań court has ruled that Dromost, a subsidiary of PBG, is in bankruptcy open to arraignments.

Heitman poised to buy Karolinka and Pogoria

schedule 24 October 2012
Eurobuild CEE

POLAND Heitman is considering the acquisition of two shopping centres.

EIB loans another EUR 165 mln to upgrade railways

schedule 24 October 2012
Eurobuild CEE

POLAND The European Investment Bank (EIB) is to provide two loans amounting to EUR 165 mln the Polish state railway operator, PKP Polskie Linie Kolejowe.

Polonez Poznań sold to Griffin Investment

schedule 23 October 2012
Eurobuild CEE

POLAND The Orbis hotel group has concluded an agreement to sell the former Polonez hotel in Poznań to Zerta, a subsidiary of Griffin Investment.

Gant and Geo consider the future together

schedule 23 October 2012
Eurobuild CEE

POLAND Gant Development and Geo, Mieszkanie i Dom have signed a letter of intent for a mutual due diligence examination in preparation for merger negotiations.

Intersport releases Q3 figures

schedule 23 October 2012

POLAND Sports shop chain Intersport generated a gross profit of almost PLN 2.5 mln in the first three quarters of the year, down from PLN 4.4 mln in the same period of 2011. In the first nine months the company achieved net sales revenues of PLN 175.3 mln – an increase of 24.3 pct y-o-y.

CPI buys supermarket portfolio

schedule 22 October 2012

CZECH REPUBLIC TREI Real Estate Czech Republic has completed the sale of a portfolio of retail properties to CPI Group.

Capital mortgages Metropolitan for USD 750 mln

schedule 22 October 2012
Eurobuild CEE

RUSSIA Capital Partners has been granted a 10-year USD 750 mln loan by Sberbank, using the Metropolis shopping centre in Moscow as collateral.

Panattoni and Pramerica sell Warsaw parks to RREEF

schedule 22 October 2012
Eurobuild CEE

POLAND Panattoni Europe and Pramerica have announced the sale of an 80,000 sqm multi-leased logistics portfolio on the outskirts of Warsaw to RREEF Real Estate for EUR 54 mln.

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