Investment & finance

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Investment & finance

CENTRAL EUROPE Ronny Pecik resigns as Immofinanz CEO

schedule 30 June 2021
Nathan North
managing editor (English section)

Ronny Pecik has resigned as the CEO of Immofinanz after selling his stake in the Austrian real estate company to Eurovea services.

Investment & finance

CENTRAL EUROPE Immofinanz calls off S Immo takeover

schedule 28 June 2021
Nathan North
managing editor (English section)

Immofinanz has conceded defeat in its EUR 1.14 bln bid to takeover S Immo, following its failure to convince S Immo’s shareholders to remove the maximum voting right.

Investment & finance

CENTRAL EUROPE S Immo shareholders reject Immofinanz takeover condition

schedule 25 June 2021
Nathan North
managing editor (English section)

S Immo’s shareholders have rejected the cancellation of the maximum voting right from its articles of association – a condition insisting upon by Immofinanz for its takeover bid for the company.

Investment & finance

CROATIA M7 picks up two Zagreb logistics assets

schedule 24 June 2021
Nathan North
managing editor (English section)

London-based investor and asset manager M7 Real Estate has acquired two urban logistics assets in Zagreb on behalf of its M7 CEREF II fund – the first purchases for the fund in Croatia.

Investment & finance

Poland EBRD invests in windfarms

schedule 23 June 2021

The European Bank for Reconstruction and Development has lent PLN 275 mln for the construction of two wind farms in Poland.

Investment & finance

Europe GLP to expand further into CEE with CPP

schedule 22 June 2021

GLP has announced today that the GLP Continental Europe Development Partners I fund is to be expanded.

Investment & finance

CTP raises EUR 1 bln

schedule 22 June 2021

Industrial developer CTP has completed its issue of green bonds and raised EUR 1 bln as part of its EUR 4 bln EMTN programme.

Investment & finance

CEE region GTC oversubscribed

schedule 18 June 2021

Globe Trade Centre has issued unsecured green bonds worth EUR 500m. The bonds, bearing a coupon of 2.25 pct p.a., were oversubscribed by several times with a peak order book in excess of EUR 1.4 bln.

Investment & finance

CZECH REPUBLIC ČS sells Platinium in Brno

schedule 18 June 2021
Nathan North
managing editor (English section)

Czech investment group RSBC has bought the Platinium office and mixed-use building in Brno for an undisclosed sum from ČS nemovitostní fond, which is managed by REICO (part of Erste group).

Investment & finance

ROMANIA Two Campus 6 buildings sold for EUR 97 mln

schedule 18 June 2021
Nathan North
managing editor (English section)

Skanska has finalised the sale of two buildings of the Campus 6 office complex in Bucharest to Austrian real estate investor S Immo for EUR 97 mln.

Investment & finance

POLAND Generali buys Le Palais in Warsaw

schedule 17 June 2021
Nathan North
managing editor (English section)

Generali Real Estate has acquired the Le Palais office building in Warsaw city centre for its GEIH fund from Patrizia for an undisclosed sum.

Investment & finance

Budimex Nieruchomości now Spravia

schedule 16 June 2021

Budimex Nieruchomości subsidiary has now been rebranded as Spravia following its recent sale for PLN1.51 bln.

Investment & finance

CZECH REPUBLIC Conseq shops for Karviná centre

schedule 16 June 2021
Nathan North
managing editor (English section)

Bluehouse has sold the Korso Karviná shopping centre in Karviná in the Moravian-Silesian region to Czech fund Conseq Investment Management for an undisclosed sum.

Investment & finance

SERBIA NEPI Rockcastle sells two Serbian shopping centres

schedule 16 June 2021
Nathan North
managing editor (English section)

NEPI Rockcastle is to sell two retail centres in Serbia – Kragujevac Plaza and Kruševac Shopping Park – to CEE BIG for EUR 60.8 mln.

Investment & finance

ROMANIA/UKRAINE Arcona buys more offices and land from SPDI

schedule 16 June 2021
Nathan North
managing editor (English section)

Netherlands-based Arcona Property Fund has signed purchase agreements for properties owned by Secure Property Development & Investments (SPDI) in Romania and Ukraine.

Investment & finance

Poland becomes attractive nearshoring destination

schedule 15 June 2021

The disruption caused by COVID-19 has forced companies to review their outsourcing strategies. Nearshoring is on the rise again, and this is drawing the attention of many Western European investors, as well as those from other regions, to Poland.

Investment & finance

Romania One raises EUR 50 mln in private placement

schedule 14 June 2021

Private equity investment firm CC@ONE Properties Invest has completed a private placement of a senior secured bond worth EUR 50 mln.

Investment & finance

HUNGARY Fosun buys BC 140 – via Fidelidade

schedule 14 June 2021
Nathan North
managing editor (English section)

In May we published the news that the BC 140 office building in Budapest is to be sold by German fund DWS to Resolution Property, following announcements by the agents involved in the deal.

Investment & finance

CENTRAL EUROPE Immofinanz strikes back with ‘facts’ at S Immo

schedule 10 June 2021
Nathan North
managing editor (English section)

Immofinanz has responded to the recent rejection of its takeover bid for S Immo from the latter company’s executive board.

Investment & finance

GTC now investment grade

schedule 09 June 2021

GTC has been given an investment-grade rating of BBB- (Stable) by Fitch and Ba1 (Positive) by Moody’s.

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