Investment & finance

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Investment & finance

Aurec acquires PRS tower in Warsaw

schedule 14 April 2020
Nathan North
managing editor (English section)

POLAND Aurec Capital has completed the acquisition of the Puławska 186 project in Warsaw’s Mokotów district from Matexi Polska for more than PLN 100 mln.

Retail portfolio deals continue to grow

schedule 14 April 2020
Nathan North
managing editor (English section)

POLAND Portfolio transactions have been increasing on the Polish retail market, according to real estate advisory Cresa’s recent ‘Retail Occupier Economics 2019’ report.

Investment & finance

Optima to take over GTC

schedule 09 April 2020
Nathan North
managing editor (English section)

CEE REGION The Optimum Ventures Private Equity Fund, which is owned by the National Bank of Hungary’s fund manager Optima, has announced that it has entered into a conditional share purchase agreement to acquire Lone Star's majority shareholding in Globe Trade Centre S.A.

Immofinanz moves AGM to October

schedule 08 April 2020
Nathan North
managing editor (English section)

CENTRAL EUROPE Austrian-based real estate investor Immofinanz has decided to reschedule the 27th annual general meeting, originally planned for May 22nd, due to the Covid-19 pandemic.

Ups and downs for Budimex

schedule 07 April 2020
Opr./edited by AKL

POLAND Budimex’s net revenue from the sales of products and materials amounted to slightly more than PLN 6.9 bln in 2019.

Investment & finance

Generali buys iconic Prague department store

schedule 06 April 2020
Nathan North
managing editor (English section)

CZECH REPUBLIC Generali Real Estate has acquired the Kotva department store in Prague for an undisclosed sum from Pražská Správa Nemovitostí (PSN) through its pan-European fund Generali Real Estate Asset Repositioning SA (GREAR). According to local media, the property changed hands for CZK 4 bln (app. EUR 150 mln), which would make it the largest real estate deal on the Czech market this year.

Aareal suspends dividends

schedule 06 April 2020
Nathan North
managing editor (English section)

CENTRAL EUROPE Aareal Bank’s management board has resolved to suspend the payment of dividends for the 2019 and 2020 financial years at least until October 1st 2020.

Investment & finance

Hines sells warehouse portfolio and Nord Point

schedule 03 April 2020
Opr./edited by TC

POLAND Hines Poland Sustainable Income Fund (HPSIF), an investment fund managed by Hines Polska, has finalised the sale of a portfolio of six distribution parks and the Nord Point office building in Warsaw’s Białołęka district to CGL Investment Holdings Corporation Limited.

Investment & finance

Record revenues for CDRL

schedule 02 April 2020
Opr./edited by AKL

POLAND CDRL group, the owner of the Coccodrillo and Buslik clothing and accessories chains, generated record-high consolidated sales revenues of PLN 514.1 mln in 2019. This is an increase of almost 105 pct compared to the PLN 251.3 mln it earned a year earlier.

Investment & finance

Vestas buys Leroy Merlin hub for EUR 71 mln

schedule 01 April 2020
Nathan North
managing editor (English section)

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.

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Edition 3 (306) March 2026

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