Investment & finance

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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.

RomReal in dire straits

schedule 19 October 2012
Eurobuild CEE

ROMANIA Oslo stock exchange listed property investor RomReal has revealed that it does not have enough funds for the principle repayment of an EUR 11.6 mln loan from Alpha Bank in Romania by its maturity date on November 30th.

CPI boss “buys fifth of Orco”

schedule 19 October 2012
Eurobuild CEE

CZECH REPUBLIC Radovan Vitek, the billionaire owner of CPI Group, has reportedly bought a fifth of the shares in Czech-based developer Orco on the Euronext Paris stock exchange.

Tatry Mountain Resorts to list on three bourses

schedule 19 October 2012
Eurobuild CEE

POLAND/SLOVAKIA Slovakian ski resort developer Tatry Mountain Resorts (TMR) has listed on the main marker of the Warsaw Stock Exchange.

Bankruptcy for Eurosmart

schedule 18 October 2012
Eurobuild CEE

ROMANIA Eurosmart Investment, the developer of 50 luxury apartments on strada Strada Mihai Eminescu in Bucharest, has filed for bankruptcy and been declared insolvent by a Bucharest court, according to local media.

Avans joins Media Expert

schedule 18 October 2012
Eurobuild CEE

POLAND The Office of Competition and Consumer Protection (UOKiK) has approved the takeover of a chain of 300 Avans electronic stores (including franchises) by OpenMedia, a company which belongs to Arkadiusz and Sławomir Tomal.

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