Investment &amp; finance

POLAND Globe Trade Centre (GTC) has purchased the remaining 50 pct stake in the Galeria Wilanów shopping centre project in Warsaw from Polnord.

Bankruptcy petition against Polimex “thrown out”

POLAND Eurometal has had its application for the bankruptcy of Polimex-Mostostal thrown out by a Szczecin court, according to the latter company.

Wysowa health-resort almost privatised

POLAND Negotiations, which began in May, between the Polish state and investors wishing to purchase an 87.4 pct stake in the Uzdrowisko Wysowa health resort in Wysowa-Zdrój, are now nearing completion.

Embassy goes under the hammer

POLAND The Embassy of the Republic of Lithuania has put its former embassy building on al. Szucha in Warsaw up for sale.

Poland to lose star status

CEE REGION Russia and Poland will continue to cope with the economic and financial crisis better than many other countries in the CEE, CE and SEE regions, according to the ‘Eastern European Outlook’ analysis published by Nordic financial services group SEB.

Investment continues for Czechs and Poles

POLAND Preliminary figures for Q3 from Jones Lang LaSalle show EUR 450 mln was transacted in property deals in the three active CEE countries (excluding Russia) over the quarter: Poland, the Czech Republic and Romania.

Hines buys Prologis Park Sosnowiec

POLAND Hines Global REIT has bought Prologis Park Sosnowiec from Prologis for app. EUR 19.9 mln.

Murapol debut on WSE postponed

10 October 2012

POLAND Murapol has postponed a public share offer planned for Q4. The reason given for delaying the flotation until the end of January 2013 is the excessively large price discount expected by institutional investors.

Investors and tenants looking for stability

10 October 2012

POLAND/HUNGARY Limiting costs and increasing the productivity and the flexibility of operations are the most important tasks that investors and tenants are focusing on, according to the ‘Corporate Real Estate: investment and EU Cities’ report by RICS.

Share issue for Secure Property Development and Investment

10 October 2012

CEE REGION Secure Property Development and Investment Limited has announced that it has successfully placed 666,000 new ordinary shares at a price of 95 pence each with institutional investor Narrowpeak Consultants.

Marvipol issues ‘I’ series shares

POLAND Marvipol is to issue up to 7.4 mln ‘I’ series shares with no right of pre-emption in a public offering.

NEPI announces new share issue

ROMANIA New Europe Property Investments NEPI is to issue new shares with a total value of EUR 50 mln.

P3 plans London IPO

EUROPE PointPark Properties (P3) has today announced that it intends to apply the Premium Listing segment of the official list of the Financial Services Authority to trade on the main market for listed securities of the London Stock Exchange.

Helaba refinances two Warsaw buildings for Immofinanz

POLAND Immofinanz Group has received long-term refinancing of EUR 80 mln from Helaba for its Brama Zachodnia and IO-1 office buildings in Warsaw.

Polimex subsidiaries for sale

08 October 2012

POLAND Polimex-Mostostal has found investors willing to purchase two of its subsidiaries.

TK Development has land for Nowy Rynek mall

08 October 2012

POLAND TK Development has bought land for its Nowy Rynek shopping centre in Jelenia Góra.

Mostostal and Budus sue Łódź

POLAND A consortium of Mostostal Zabrze-Holding and Katowickie Przedsiębiorstwo Budowlane Budus, the general contractor for a football stadium and a sports hall in Łódź, wishes to change the terms of its contract and has filed a lawsuit against the city of Łódź.

Gliwice sells hotel

POLAND The town of Gliwice has announced it is to sell the Hotel Leśny conference and leisure centre including an adjacent plot on ul. Toszecka.

More retail from IVG

POLAND IVG Immobilien has announced that it will buy more buildings for its internal IVG Warsaw fund by the end of the year.

Foreigners may buy land