Investment &amp; finance

POLAND CPI Property Group has finalised the purchase of the Eurocentrum office complex, west of Warsaw city centre. The book value of the four buildings with a total of over 85,000 sqm was around PLN 950 mln (EUR 220 mln), as of the end of September 2019.

Reino and Corval to buy Buma

27 November 2019

POLAND Reino Capital and RF Corval International have applied to the Office of Competition and Consumer Protection for permission to take over the Buma group. Buma comprises more than 20 companies with total assets worth around PLN 1.3 bln.

M7 picks up Nowa Kamienica

27 November 2019

POLAND M7 Real Estate has announced that it has purchased the Nowa Kamienica office building in Kraków for EUR 11 mln and with the purchase has fully invested all the funds in its M7 Polaf fund, which is specifically dedicated to Poland.

Immofinanz rebound romance on the rocks

26 November 2019

EUROPE Immofinanz has today announced that its mooted merger with S Immo will not take place because the two companies have been unable to agree to a fair exchange of each other’s shares.

TJX Cos gets Familia

22 November 2019

RUSSIA US discount retailer TJX Cos has announced a USD 225 mln investment, representing a 25 pct stake, in Russian retailer Familia.

Samsung stays put

20 November 2019

POLAND Samsung Electronics Polska has prolonged its 5,300 sqm lease at Postępu 14 in Warsaw’s Mokotów district owned by HB Reavis. The building is fully leased.

Rolex changes hands

POLAND AFI Europe has bought a period townhouse at the junction of ul. Nowy Świat and ul. Książęca in Warsaw.

TLG to merge with Aroundtown

EUROPE TLG Immobilien and Aroundtown have agreed on the terms of a merger whereby all the shares of TLG Immobilien will be replaced in new shares in the joint company based on an exchange of one share in TLG for 3.6 in Aroundtown.

Adventum buys Köki

HUNGARY Adventum International has acquired the Köki Terminal shopping centre next to the Kőbánya-Kispest station in eastern Budapest.

Covivio comes to Poland

POLAND Budget hotel chain B&B Hotels and European REIT Covivio have signed an agreement with Covivio to buy three hotels in Łódź, Warsaw and Kraków, as well as develop a further 1,500 rooms.

Warsaw more attractive for investors

POLAND/EUROPE Warsaw has climbed seven places and is currently ranked the 14th most attractive city in Europe for investors in the latest “Emerging Trends in Real Estate – Europe 2019” ranking prepared by Urban Land Institute and PWC.

Poland's PRS sector looking attractive to German investors

15 November 2019

POLAND The country’s housing market is becoming increasingly attractive for institutional investors, claims a report by Trei Real Estate, Catella Residential Investment Management and Wüest Partner Deutschland. Rental rates for apartments in Warsaw, Wrocław, Gdańsk, Katowice, Kraków, Łódź and Poznań have risen on average by a quarter since 2014.

Corees enters Polish property agency scene

14 November 2019

Opr./edited by AKL

POLAND A new agency has started operating on Poland’s commercial real estate market: Corees Polska – Commercial Real Estate.

Nathan North
managing editor (English section)

Apsys takes Posnania sole control with EUR 300 mln loan

13 November 2019

POLAND Apsys is refinancing its Centrum Posnania shopping centre development in Poznań with a 10-year EUR 300 mln senior loan from Allianz Real Estate.

Profits down for Budimex

12 November 2019

POLAND Budimex has published net revenues of PLN 5. 38 bln for the first three quarters of the year, which is similar to the figures for 2018.

Arcona buys Ukrainian investment land

12 November 2019

UKRAINE Arcona Property Fund has purchased two properties from Secure Property Development & Investment (SPDI) jointly valued at EUR 3.89 mln.

High voltage deal for LG

08 November 2019

POLAND LG Chem, part of LG Corporation, has been granted a EUR 250 mln loan from the European Bank for Reconstruction and Development to extend its lithium-ion battery factory in Wrocław.

CPI buys Equator IV

08 November 2019

POLAND CPI Property Group (CPIPG) has completed the purchase of the Equator IV office building on Al. Jerozolimskie in central Warsaw.

Cromwell completes CPRF buy-out

08 November 2019

POLAND Cromwell Property Group has announced today that it has completed the acquisition of all third party investor interests in the Cromwell Polish Retail Fund, which comprises comprise seven Polish shopping centres with a gross asset value of around EUR 600 mln.