Investment &amp; finance

POLAND The Ministry of Treasury wants to offer a 20 pct stake in the Marina Hotele company. An auction of 252 shares (20.1 pct of the share capital) is to take place on September 13th.

ABM to enter liquidation

POLAND ABM Solid has accepted the request of a court appointed administrator to move from a bankruptcy open to arrangement to enter into liquidation procedures.

Redan: bonds worth up to PLN 10 mln

POLAND Grupa Redan, which owns clothing brands Top Secret, Troll, Drywash as well as the TextilMarket discount clothing chain, is planning to issue bonds worth up to PLN 10 mln.

Government fights over ownership of military sites

CROATIA The island of Vis is to sue the central government in an attempt to gain possession of four former military properties that have fallen into disrepair.

Ronson to speed up in the next few months

10 August 2012

POLAND Ronson Development is planning a PLN 100 mln bond floatation at the beginning of next year.

Griffin Topco II potential investor for Emilia

10 August 2012

POLAND The state treasury has signed a preliminary contract to sell an 85 pct stake in Meble Emilia. The potential investor is Griffin Topco II, which has been given exclusive negotiating rights.

J.W. Construction seals Wola plot purchase

09 August 2012

POLAND J.W. Construction has signed an annexe to its contract with Vis Investments concerning the purchase of perpetual usufruct of a property located at ul. Kasprzaka 29/31 in Warsaw (with a total area of 81,200 sqm).

Warsaw Financial Center to be sold to Allianz and Curzon

09 August 2012

POLAND CA Immo and Pramerica Real Estate Investors, who each hold a 50 pct stake in the Warsaw Financial Center, have agreed to sell their holding in the property for a combined EUR 210 mln.

AWF sells Wrocław hotel

POLAND Hotel Olimpia in Wrocław, which is part of the Olympic Stadium Complex on al. I.J. Paderewskiego, has been put up for sale.

KNF approves Gant Development prospectus

POLAND The Financial Supervision Authority (KNF) has approved Gant Development’s prospectus for the issue of AW series bonds with a total value of up to PLN 50 mln.

NEPI releases results

ROMANIA New Europe Property Investments (NEPI) has released its unaudited results for H1 2012. Total assets came to over EUR 532 mln, compared to over EUR 385 mln in the same period of the previous year.

P3 sees leases grow 70 pct in H1

EUROPE European industrial developer PointPark Properties (P3) saw an increase of 70 pct in leasing deals in the first half of the year.

Prologis leases app. 615,000 sqm

EUROPE Prologis has revealed that it leased app. 615,000 sqm across Europe over Q2 2012.

Petition against NSC filed

03 August 2012

POLAND The consortium of companies that built the National Stadium in Warsaw has filed a petition against the Ministry of Sport and Tourism and the Polish National Sports Centre.

Fritz Hansen to take over Rawicz warehouse

01 August 2012

POLAND Fritz Hansen, a Danish company manufacturing furniture, has signed a preliminary agreement to purchase a property in Rawicz with SEWS Polska.

Liberty Center sold

ROMANIA The Liberty Center shopping mall has been sold at auction for the asking price of EUR 60 mln to Rosequeens Property, according to local media reports.

Central Group buys Kavčí Hory

CZECH REPUBLIC According to local media reports, Central Group has bought the Park Kavčí Hory residential project in Prague from Hochtief Development for EUR 100 mln.

Kungsleden sells two Bielsko-Biała properties

POLAND Swedish company Kungsleden is signed an agreement to sell two industrial properties in Bielsko-Biala to an unnamed Polish property company for EUR 12.5 mln excluding transaction costs.

PLN 24.5 mln bond issue by Mostostal Wroclaw subsidiary

07 August 2012

POLAND Mostostal Wrocław Quantum Ruda Park, a subsidiary of Mostostal Wrocław, has issued 24,500 ‘B’ series bonds worth a total of PLN 24.5 mln, with a redemption date of July 27th 2013.

Things will get better in 2013

07 August 2012