Investment &amp; finance

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

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

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

POLAND Platinium Properties Group has increased its net profit forecasts for 2013. Its expected financial result is now PLN 32 mln.

Galleria Burgas only mall in H1

BULGARIA Retail space in Bulgarian shopping centres increased by 34,860 sqm to 594,400 sqm in H1 2012, with the opening of only one mall, Galleria Burgas, according to Forton International.

Auchan buys Auchan store

ROMANIA Auchan is to buy the Auchan hypermarket in Pitești from New Europe Property Investments (NEPI) for EUR 28.7 mln.

Credit Finance to sell micro-town project

CZECH REPUBLIC Credit Finance Group is planning to either sell its uncompleted Nový Jenštejn micro-town project on the north-eastern outskirts of Prague, or to invite a “strategic partner” to join the project, according to the Czech New Agency.

More creditors enter into arrangements with Polimex

POLAND RBS Bank (Poland) has entered into an agreement covering its withdrawal from the collection of Polimex-Mostostal’s debt.

Finance secured for Galeria Amber

POLAND Echo Investment has secured financing for the construction of Galeria Amber in Kalisz. Bank Pekao has granted the company a construction and investment loan of up to EUR 47 mln and a loan for financing the VAT amounting to PLN 7 mln.

Tower Center sold to two businessmen