Investment &amp; finance

HUNGARY H&M has leased 1,848 sqm and Jysk have leased 1,150 sqm in the Market Central Ferihegy retail park, which is owned by AIG/Lincoln.

Billionaire “buys Bořislavka”

31 August 2012

CZECH REPUBLIC KKCG Group, owned by oil tycoon Karel Komárek, has bought the Bořislavka mixed-use project in Vokovice in Prague 6.

Moscow Metropol sold

31 August 2012

RUSSIA The Metropol hotel in Moscow has been sold at auction for over RUB 8.8 bln (app. EUR 218 mln).

Murapol bond issue

POLAND Murapol has floated unsecured series ‘F’ bonds worth a total of PLN 10 mln. This is the first flotation in a series of three, through which the company hopes to raise a total of PLN 45 mln.

Oświęcim Castorama opens

POLAND Castorama Polska has opened its 64th store on ul. Zatorska in Oświęcim.

Grupa Orbis sums up H1

POLAND The Orbis hotel group registered a revenue of PLN 355.4 mln in H1 2012, a 10.1 pct improvement on the PLN 322.7 mln it recorded in same period of 2011.

EBRD finances roads

MONTENEGRO The European Bank of Reconstruction and Development is considering lending the government of Montenegro EUR 20 mln to upgrade local roads in the northern part of the country.

Warimpex still in profit

EUROPE Warimpex has seen its cash flow from operating activities grow in the first half from EUR 2.2 mln in H1 2011 to EUR 5.5 mln.

POLAND Reinhold Polska has released its results for H1 2012. Net sales for the period came to over EUR 536,000, after EUR 508,000 in H1 2011, and an operating loss was incurred of over EUR 209,000, compared to a loss of EUR 350,000 in H1 2011.

Second quarter investment volumes at record low

29 August 2012

CE REGION Total real estate investment activity in Central European markets fell by 60 pct q-o-q to EUR 327 mln in the second quarter, down from EUR 834 mln in Q1, according to research by DTZ.

Cocor sells store for almost EUR 4 mln

28 August 2012

ROMANIA Cocor Bucuresti, the owner of the Cocor shopping centre in Bucharest, has announced that it has sold 196 sqm of retail space on Unirea Blvd for almost EUR 4 mln, representing a price of over EUR 20,000 per sqm.

Vilnius on the Adriatic

28 August 2012

LITHUANIA The Mayor of Vilnius, Artūras Zuokas, is to attempt to buy a Greek island for the city for the development of Lithuanian spas and hotels, according to local media reports.

Dolcan closes H1 with higher revenue

POLAND Grupa Dolcan closed H1 2012 with revenue of PLN 91.5 mln, double the figure from the same period in 2011.

Dom Development maintains stability

POLAND Dom Development generated sales revenue of PLN 308 mln in H1 2012, 85.4 pct more than in the same period of 2011.

ED invest sums up H1

POLAND ED invest registered a gross profit of PLN 420,000 in H1 2012. Its revenue from residential construction amounted to just over PLN 10 mln, which constitutes 100 pct of its total sales revenue.

Budimex subsidiary files for bankruptcy

POLAND Przedsiębiorstwo Napraw Infrastruktury (PNI), a subsidiary of listed company Budimex, has filed for bankruptcy open to arrangements.

Pro Kapital Grupp launches public offering

ESTONIA Real estate developer Pro Kapital Grupp has published its public share offer prospectus and filed an application to be listed on the NASDAQ OMX Baltic index.

NEPI pays dividend

ROMANIA NEPI shareholders are to choose whether they are to receive a dividend of three new shares for every 100 that they hold or a sum of over EUR 0.11 per share.

Robyg looks for land for new projects

24 August 2012

POLAND Grupa Robyg generated a revenues PLN 207.6 mln in H1 2012, representing a 232 pct increase on H1 2011.

Abramovich in fishy deal?

24 August 2012