Investment &amp; finance

CEE REGION Poland remained the main target for international capital in the CEE-6 region in 2019, with its investment volume accounting for 55 pct of the total, according to Colliers International.

Profits up 29 pct for Ronson

12 March 2020

POLAND Ronson Development recorded a net profit of PLN 17.4 mln in 2019, up 29 pct on the previous year. Last year’s total revenue amounted to almost PLN 233 mln.

Pimco to take on Allianz Real Estate

12 March 2020

WORLD Asset management company Pimco is to take control of Allianz Real Estate from its parent company Allianz Group.

VDHG set to invest EUR 200 mln in Ukraine

11 March 2020

UKRAINE Von der Heyden Group has opened a new office in Kyiv as it prepares to invest in the country.

Investec takes full control for EUR 900 mln

10 March 2020

EUROPE Ares Management Corporation Real Estate Group has completed the sale of its stake in a 40-property pan-European logistics portfolio to Investec Property Fund, its co-investment partner in the portfolio, for more than EUR 900 mln.

Etalon assets worth USD 3 bln

10 March 2020

RUSSIA The total value of Etalon’s assets has reached RUB 188 bln, or USD 3 bln at the Central Bank of Russia exchange rate as of December 13th 2019.

Benson Elliot takes Marynarska

10 March 2020

POLAND UK fund manager Benson Elliot for its Benson Elliot Real Estate Partners V fund has acquired Marynarska Business Park in Warsaw from a fund managed by Heitman Real Estate for EUR 65 mln.

CPI takes it up to eleven – Warsaw office buildings

09 March 2020

POLAND Czech real estate investor CPI Property Group has acquired the Equator I office building in Warsaw from Immofinanz for an undisclosed sum.

LCP buys Chełmno retail park

09 March 2020

POLAND LCP Properties has bought the Pasaż Chełmiński retail park in Chełmno (app. 50 km north west of Bydgoszcz) from development company TUF Real Estate.

Archicom seeking strategic investor

05 March 2020

Opr./edited by TC

POLAND Residential developer is looking to find a strategic partner after its majority shareholders decided to review company’s strategic options.

Immofinanz – S Immo merger back on?

05 March 2020

CENTRAL EUROPE Carpinus Holding, a company owned by Peter Korbačka and Ronny Pecik, have bought a 10.7 pct stake in Austrian real estate investor Immofinanz.

Investment rises as Europe braces for the storm

05 March 2020

CEE REGION The CEE investment volume rose by EUR 13.7 bln in 2019, according to ‘The CEE Investment Scene Q4 2019’ report published by Colliers International.

Echo goes shopping at Tesco

04 March 2020

POLAND Echo Investment has signed preliminary agreements to buy three standing and working first generation shopping centres on ul. Opieńskiego in Poznań, ul. Widzewska in Łódź and ul. Kapelanka in Kraków, where it plans to build around 240,000 sqm of mixed-use space, including offices, retail and 4,000 apartments.

Ghelamco gets go-ahead for PLN 350 mln bond issue

04 March 2020

Opr./edited by TC

POLAND The Polish Financial Supervision Authority (KNF) has approved the prospectus for Ghelamco’s latest bond issue.

Metso sets up in Lithuania

02 March 2020

LITHUANIA Finnish industrial machinery producer Metso is to open a factory in Šiauliai county in the north of the country. The plant is to start operations at the end of second quarter and should eventually employ 80 people by the end of the year.

Reino continues Buma takeover

02 March 2020

POLAND Warsaw Stock Exchange listed Reino Capital and Australian-based RF CorVal have signed a preliminary agreement to purchase the companies within the Buma Group, including its property developer, general contractor, property manager and facility manager businesses.

Marvipol sells plots to LaSalle

28 February 2020

Opr./edited by AKL

POLAND Marvipol Development and PG Dutch Holding I have entered into two preliminary agreements for their joint venture SPVs to sell development plots in Warsaw and west of the capital in Michałowice near Pruszków to LaSalle Investment Management KVG.

Green light for Kaufland to buy Tesco stores

27 February 2020

POLAND The Polish Office for Competition and Consumer Protection (UOKiK) has consented to the acquisition of four Tesco supermarkets by Kaufland Polska Markety.

Land supply squeezed

27 February 2020

POLAND. With a limited supply of development land plots, prices will continue to rise, predicts Knight Frank.

Offices and warehousing outperforming retail

27 February 2020