Investment &amp; finance

POLAND The Royal Institution of Chartered Surveyors has introduced its ‘Global Standards of Professional Practice RICS – Agency and Intermediation’ professional code to the Polish market.

City Green Court sale goes through

CZECH REPUBLIC Skanska Property Czech Republic has finalised the sale of its newly completed City Green Court project in Prague 4 to Deka Immobilien Investment for EUR 53.7 mln. CBRE advised the seller for this transaction, which was agreed in May this year.

Sberbank gives PIK more breathing space

RUSSIA Residential real estate developer PIK Group has reached agreement with Sberbank, the group’s largest creditor, to extend its existing debt repayment schedule.

HB receives FBC I refinancing and reveals Warsaw station plans

SLOVAKIA/POLAND HB Reavis has been granted a EUR 29 mln loan by Slovenská Sporiteľňa bank to refinance the development of Forum Business Center I in Bratislava.

Auchan buys Real for EUR 1.1 bln

CEE REGION Groupe Auchan has signed a EUR 1.1 bln purchase agreement with German retailer Metro Group to buy the operational activities of the Real hypermarket chain in Poland, Romania, Russia and Ukraine.

Investor interested in PBG

POLAND A company from the construction industry that invests in the power industry could invest in PBG, claims Jerzy Wiśniewski, president of the supervisory board of PBG.

Mostostal Warszawa repairs road for PLN 33.7 mln

POLAND A 900m section of national road no. 81 in Wiślica has been renovated.

Passerinvest acquires Nove Butovice

CZECH REPUBLIC Real Estate Metronom has sold its Nove Butovice residential project in Prague 13 to Passerinvest.

RomReal renegotiates loan

ROMANIA RomReal has extended it EUR 11.6 mln loan with Alpha Bank for a further three years until November 30th 2015 with the option to extend the loan on maturity for a further two years.

Uzdrowisko Wysowa in private hands

POLAND The Polish government has sold its 87.36 pct stake in Uzdrowisko Wysowa in Wysowa-Zdrój for PLN 8.76 mln.

Polnord buying, selling and de-investing

POLAND In the first three quarters of the year, Polnord completed 571 apartments, 144 of which were finished in Q3.The company estimates that the number of apartments to be handed over to buyers this year will be similar to the 912 in 2011.

PHN finds potential investor

POLAND Ringwood Financial, a subsidiary of Radius Projekt, is planning to take a controlling share of Polski Holding Nieruchomości (PHN) and has applied for approval for the purchase from the Office for Competition and Consumer Protection (UOKiK).

Köki Terminal bankrupt

HUNGARY R-CO, the developer and owner of the 59,000 sqm Köki Terminal shopping centre in Budapest, has been declared bankrupt.

Ideal Idea III plot purchased

POLAND Urban warehouse and office developer Ideal Idea has purchased a 4 ha site in Warsaw’s Włochy district for its Ideal Idea III project, which is already under construction. Cushman & Wakefield acted as advisor for the acquisition.

Ups and downs for Warimpex

EUROPE Warimpex has posted its financial results for the first three quarters of 2012.

Court rejects bankruptcy proposal concerning Alpine

POLAND A Warsaw court has thrown out a claim by Pekabex for the bankruptcy of Alpine Construction Polska.

GC Investment buys land in Zabrze

POLAND GC Investment has been granted a loan by Bank Spółdzielczy for over PLN 4.67 mln, which is to be used to purchase development plots in Zabrze.

Erbud takes over Engorem

POLAND Erbud has purchased 80 pct of the shares in Engorem, a company that specialises in comprehensive investment, renovation and diagnostic services for the energy sector.

KCI Park Technologiczny Krowodrza shares for sale

POLAND The government is to put the shares of KCI Park Technologiczny Krowodrza up for sale in an auction.POLAND The government is to put the shares of KCI Park Technologiczny Krowodrza up for sale in an auction.

Czerwona Torebka starts public share offering

26 November 2012