Investment &amp; finance

POLAND Commercial property investment volumes in Poland are set to exceed EUR 1 bln in the second half of 2012, beating the H1 volume recorded at EUR 856 million, according to consultancy Savills.

GTC still in the red

16 August 2012

CEE REGION Globe Trade Centre has released its results for H1 2012. Gross profit from operations came to EUR 47 mln, which was unchanged compared to H1 2011.

Silver City sale completed

16 August 2012

RUSSIA O1 Properties has today announced that it has finalised its acquisition of the Silver City business centre in Moscow from Evans Randall for USD 333 mln.

Seven offers for Uzdrowisko Horyniec

14 August 2012

POLAND Seven companies are interested in purchasing a 89.26 pct stake in Uzdrowisko Horyniec in Horyniec Zdrój.

Bilfinger Berger publishes results

14 August 2012

WORLD Bilfinger Berger has released its results for Q2 2012. The company’s output volume increased by 2 pct to EUR 4.12 bln.

GDDKiA gets PLN 22 mln for A4

POLAND The Treasury has been awarded PLN 22 mln in bank guarantees due to the failure of Radko to properly implement its contract.

Poor results for Helios

POLAND In Q2 this year the operating revenue of Helios cinemas decreased by 13.2 pct, down to PLN 34.3 mln.

Government sells 20 pct of Marina Hotele

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