Investment &amp; finance

RUSSIA SberBank has granted MirLand subsidiary Petra 8 a credit line worth USD 47.5 mln to finance 70 pct of the second stage of its Triumph Park mixed-use residential development in St Petersburg.

Redan sees sales rise

POLAND Grupa Redan has reported a consolidated sales revenue of PLN 302.9 mln for the first nine months of the year, representing a 16 pct rise on the same period of the previous year.

Negotiations begin for Uzdrowisko Rabka

POLAND The government has started negotiations with Jan Wieczorkowski and the Thermaleo company, who have made a binding offer to purchase 91.06 pct of the shares in the Uzdrowisko Rabka health resort in Rabka-Zdrój.

PKP sells off properties

POLAND Between January and the end of September the Polish State Railways (PKP) has found buyers for 185 properties out of 725 which it put up for sale.

Prologis publishes Q3 results

CEE REGION Prologis has released its results for Q3 2013, during which the company leased 272,000 sqm – app. 10 pct more than in Q2.

Creditor seeks Polimex bankruptcy

POLAND Inwestycje Przemysłowe has filed for the bankruptcy of Polimex-Mostostal in a Warsaw court.

Europe still in the doldrums

EUROPE Economic activity in Europe contracted in Q3 2012, according to an RICS report. Russia experienced the strongest occupier and investment activity.

P3 cancels IPO

EUROPE PointPark Properties has cancelled its proposed IPO on the London Stock Exchange, a spokesman for the company has confirmed.

GTC sells off malls

ROMANIA Globe Trade Centre has entered into an agreement to sell three shopping centres in Buzău, Piatra Neamț and Suceava, which have been valued at between EUR 6-7 mln.

Robyg takes over land in Miasteczko Wilanów

POLAND Robyg subsidiary Robyg Osiedle Królewskie has concluded a preliminary contract with Carrefour Polska, to purchase of an app. 4 ha plot on Al. Rzeczypospolitej in Warsaw for PLN 29.9 mln net.

Poland sees fastest online sales growth

EUROPE Poland is to continue to see the fastest growth in online retailing in Europe having seen a 34 pct increase in the size of the sector last year, according to a report by Colliers International.

CBRE posts results

WORLD CBRE has reported its results for Q3 2012. Total revenue rose 1 pct to USD 1.56 bln compared to USD 1.53 bln in Q3 2011. Net income came in at USD 83.6 million, up by 8 pct on USD 77.7 million in Q3 2011.

Intercontinental Warsaw sold

POLAND UBM and Warimpex have signed a preliminary contract to sell the Intercontinental Warsaw Hotel to Deka Immobilien for EUR 103 mln.

GTC sells Platinium Park buildings

POLAND Globe Trade Centre has sold four office buildings to Allianz Real Estate in Platinium Business Park in Warsaw, the deal is to be finalised on October 31st.

WBK finances Makrum hotel in Chorzów

30 October 2012

POLAND Bank Zachodni WBK has granted a loan of PLN 14.27 mln to Makrum subsidiary Immobile to develop a three-star Focus hotel in Chorzów.

Budimex profit down

30 October 2012

POLAND After the first three quarters of the year Budimex recorded a net profit of PLN 76.6 mln, compared to PLN 194 mln in the same period of the previous year.

Dom Development posts Q3 results

30 October 2012

POLAND In the third quarter Dom Development sold 361 apartments, down from 454 in the same period of 2011.

Domex looking to expand

29 October 2012

POLAND Domex has applied for permission from the Office of Competition and Consumer Protection (UOKiK) to take over more than 40 Havo electronic stores.

Polimex-Mostostal signs conditional sale agreements

29 October 2012

POLAND Polimex-Mostostal has signed conditional sale agreements for assets to the MARS investment fund – an entity managed and represented by the MS investment fund company, which is owned by the Industrial Development Agency (ARP).

Manufaktura sale to be finalised

29 October 2012