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Investment & finance

KGAL buys Prosta Office Centre

schedule 22 January 2020
Rafał Ostrowski
journalist

POLAND German investment and asset managment company KGAL has bought the Prosta Office Centre building in Warsaw’s Wola district from Cromwell Property Group for one of its real estate funds.

Investment & finance

South-African investor buys Obi stores

schedule 22 January 2020
Rafał Ostrowski
journalist

POLAND South-African investor Marr Holdings has bought two stores leased to DIY store OBI in Gdańsk and Łódź from Chariot Group.

Investment & finance

Weaker results for CCC

schedule 21 January 2020
Opr./edited by AZ

POLAND Polish footwear retail chain CCC revenues grew but its profits fell in Q4 2019, according to preliminary figures published by the company.

Investment & finance

Toshiba plant to open in Gniezno

schedule 21 January 2020
Rafał Ostrowski
journalist

POLSKA Toshiba Carrier Corporation is to invest around EUR 25 mln (over PLN 100,000 mln) in a HVAC manufacturing plant and distribution centre in Gniezno in Poland’s Wielkopolska region.

Investment & finance

Improved sales for LPP

schedule 20 January 2020
Opr./edited by AZ

POLAND Polish fashion group LPP generated PLN 483 mln of consolidated operating profit Q4 2019 – an 11 pct increase on the same period in 2018.

Investment & finance

UBM sells two hotels

schedule 20 January 2020
Opr./edited by TC

POLAND Union Investment has signed a contract for the acquisition of two hotels that are currently under development: an Ibis Styles in Kraków and Mercure Katowice City Center.

Investment & finance

Etalon sells more

schedule 20 January 2020
Eurobuild CEE

RUSSIA Etalon’s residential sales in 2019 reached a value of RUB 77.6 bln, up 13 pct y-o-y.

Savills IM advises caution

schedule 17 January 2020
Eurobuild CEE

EUROPE/POLAND Savills Investment Management advises investors to concentrate on long term income streams in Europe because the company believes that occupier markets are now significantly weakening. Economic growth is slowing, while a number of geopolitical risks remain unresolved.

Investment & finance

UBM sells hotels in Katowice and Kraków

schedule 17 January 2020
Alex Hayes
journalist

POLAND Union Investment Institutional Property has signed a forward purchasing agreement for two hotels in Katowice and Kraków, which it will acquire for its open ended real estate fund UII EuropeanM.

Investment & finance

Apollo-Rida to buy Cavatina park

schedule 17 January 2020
Rafał Ostrowski
journalist

POLAND Apollo-Rida Poland has signed a preliminary purchase agreement for the Equal Business Park in Kraków's Podgórze district. The complex being developed by Cavatina Holding will eventually have four buildings with a total of 60,641 sqm.

Investment & finance

Chinese buy into Amazon

schedule 17 January 2020
Rafał Ostrowski
journalist

POLAND Global real estate investment manager Invesco Real Estate has sold two Amazon distribution centres to Chinese investment company CGL Investment Holdings Corporation.

Investment & finance

House prices rise across EU

schedule 16 January 2020
Eurobuild CEE

EUROPE House prices in EU increased by 4.1 pct in the year between Q3 2019 and Q3 2018, according to Eurostat, the statistical office of the European Union.

Investment & finance

PureGym takes on Fitness World

schedule 16 January 2020
Alex Hayes
journalist

EUROPE UK Fitness operator PureGym has completed its takeover of Fitness World and is now has the second largest chain of gym clubs in Europe with 1.7 million members and over 500 branches across the UK, Denmark, Switzerland and Poland.

Investment & finance

Polnord moves closer to Cordia

schedule 15 January 2020
Eurobuild CEE

POLAND The Office of Competition and Consumer Protection has received an application from Cordia International for approval to take control of Polnord.

Investment & finance

Two buildings acquired for Eften Real Estate Fund III and merger announced

schedule 15 January 2020
Alex Hayes
journalist

LATVIA/BALTIC STATES Eften Real Estate Fund III has signed conditional purchase agreements to acquire two commercial properties in Latvia. The fund will buy AirBaltic’s headquarters in the grounds of Riga airport, as well as a logistics centre in Ķekava, on the outskirts of city.

Investment & finance

Portiva building up retail porfolio

schedule 14 January 2020
Alex Hayes
journalist

CZECH REPUBLIC Portiva has purchased a retail centre in Ivančice in South Moravia.

Investment & finance

Star Capital buys Lighthouse Towers

schedule 14 January 2020
Alex Hayes
journalist

CZECH REPUBLIC Star Capital Investments has bought the Lighthouse Towers centre in Prague’s Holešovice district from Deka Immobilien.

Investment & finance

Funds raise record sums over 2019

schedule 14 January 2020
Alex Hayes
journalist

WORLD Real estate funds secured a total of USD 151 bln in 2019, with 295 funds reaching a final close according to figures from investment consultancy Preqin.

Investment & finance

Cordia with Polnord in its sites

schedule 13 January 2020
Eurobuild CEE

POLAND Polnord has announced that it has begun negotiations with Futureal residential subsidiary Cordia as a potential investor.

Investment & finance

Round Hill sells property portfolio for EUR 1.3 bln

schedule 13 January 2020
Alex Hayes
journalist

CZECH REPUBLIC Funds managed by Round Hill Capital and Blackstone Tactical Opportunities have sold Residomo, which includes its portfolio of residential properties, to Heimstaden Bostad for EUR 1.3 bln.

Edition 11 (293) November 2024

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