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Investment & finance

Vestas buys Leroy Merlin hub for EUR 71 mln

schedule 01 April 2020
Nathan North
deputy editor

POLAND Savills Investment Management has completed the EUR 71 mln purchase, on behalf of Korean institutional investors managed by Vestas Investment Management, of a 123,000 sqm BTS logistics building developed by Panattoni in Piątek, 40 km north of Łódź. The seller was Invesco Real Estate.

Investment & finance

Wing now holds two-thirds of Echo

schedule 31 March 2020
Opr./edited by TC

POLAND Hungarian real estate group Wing has successfully acquired another 10.04 pct stake in Echo Investment in the latest stage of its buyout the Polish developer.

Investment & finance

Good year for PHN

schedule 31 March 2020
Eurobuild CEE

POLAND Polski Holding Nieruchomości has announced that its consolidated net profit for 2019 increased by over 40 pct to PLN 69 mln while its rental income increased to PLN 171.9 mln from PLN 160 mln in 2018.

CCC to issue shares

schedule 27 March 2020
Eurobuild CEE

POLAND CCC is planning a share issue and has announced that it is to raise the share capital of the company by 20 pct.

Investment & finance

Echo sees PLN 300 mln profit

schedule 26 March 2020
Eurobuild CEE

POLAND Development company Echo Investment has recorded a net profit PLN 300 mln for the full-year of 2019.

Investment & finance

GLL buys another 7R warehouse

schedule 26 March 2020
Alex Hayes
journalist

POLAND A joint venture of 7R and Hillwood has sold a warehouse building in 7R Park Kraków to GLL Real Estate Partners for an undisclosed price.

Investment & finance

Swedes buy into Capital Park

schedule 26 March 2020
Eurobuild CEE

POLAND Capital Park has announced that Swedish group Europi Property has bought a 12.27 pct in the company (13,301,161 shares).

Investment & finance

CPI takes Moniuszki tower

schedule 25 March 2020
Alex Hayes
journalist

POLAND CPI Property Group has bought the Moniuszki 1A office building in Warsaw.

H&M cancels dividend

schedule 25 March 2020
Eurobuild CEE

EUROPE The board of directors of H&M has proposed to the 2020 annual general meeting that the company will not pay a dividend.

Orpea keeps growing

schedule 25 March 2020
Rafał Ostrowski
journalist

EUROPE French nursing home and hospital operator Orpea Group recorded a 246 mln consolidated net profit in 2019, up 11.6 pct y-o-y. Its revenue increased 9.4 pct to EUR 3.74 bln. The number of beds across all its homes and care centres rose by 7,657 to 104,234 beds across 22 countries. Another 21,00 are under construction.

Investment & finance

EPP to clean house

schedule 24 March 2020
Eurobuild CEE

POLAND EPP has announced that it intends to sell its three remaining office buildings.

Immofinanz to cut costs

schedule 24 March 2020
Eurobuild CEE

CEE REGION Immofinanz has said that temporary declines in rental income from the retail business due to the spread of covid-19 should be largely offset by the cost cutting programme it is currently implementing.

Investment & finance

Spanish owned sites sold off by bank

schedule 23 March 2020
Eurobuild CEE

POLAND Banco Popular Español from the Santander group has sold two investment plots in Wrocław’s Psie Pole district and in Warsaw’s Miasteczko Wilanów to local businesses.

Investment & finance

Robyg to take over Wrocław player

schedule 23 March 2020
Eurobuild CEE

POLAND Robyg has applied to the Polish competitions authorities to take over Wrocławskie Przedsiębiorstwo Budowlane.

Investment & finance

Deka buys Generation Park Z

schedule 23 March 2020
Alex Hayes
journalist

POLAND Skanska has sold the Generation Park Z office building in Warsaw to Deka Immobilien for EUR 98 mln.

Investment & finance

POLAND AEW to sell Polish warehouse portfolio to Swiss

schedule 23 March 2020
Eurobuild CEE

Swiss Pillar Investments Europe has applied to the Polish competition authorities to buy five warehouse parks from AEW.

Investment & finance

MLP buys in Łódź

schedule 23 March 2020
Alex Hayes
journalist

POLAND MLP Group has purchased 20 ha at ul. Ofiar Terroryzmu 11 września in Łódź where it will construct MLP Łódź.

Unibail prepares for crisis

schedule 20 March 2020
Rafał Ostrowski
journalist

EUROPE International shopping centre investor Unibail-Rodamco-Westfield has informed that it is reducing its non-staff expenses, deferring non-essential capital expenditure and is to make use of any relevant facilities or arrangements provided by various national authorities to assist companies through the crisis.

Investment & finance

PLN 212 bln rescue plan for Poland

schedule 20 March 2020
Rafał Ostrowski
journalist

POLAND The Polish government has announced an economic stimulus package of PLN 212 bln to assist businesses and their employees during the Covid-19 crisis.

Investment & finance

More profit for MLP

schedule 20 March 2020
Rafał Ostrowski
journalist

POLAND MLP Group has recorded a net profit of PLN 129.4 mln for 2019, up 40 pct year on year.

Edition 11 (293) November 2024

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