POLAND Vastint Poland has completed the sale of four office buildings, which make up the first stage of Business Garden Poznań to Cromwell European REIT.
POLAND Mostostal Warszawa has sold a plot of land at ul. Krakowiaków 91/101 in Warsaw’s Włochy district.
POLAND Hines Global Income Trust has acquired a 32,000 sqm logistics park in Pruszcz Gdański near Gdańsk from Segro European Logistics Partnership (SELP) for an undisclosed price. The property will be managed by Hines Polska.
ESTONIA The Valdemara office building in Riga’s Old Town has been sold by Capital Mill to Swedish listed real estate investor Eastnine for app. EUR 25 mln.
The turnover generated by the Polish construction industry has reached an all-time high on the back of several years’ investment upturn and is expected to come close to PLN 250 bln (EUR 59 bln) in 2020. The growth in the market’s value, however, is being boosted mainly by the rising prices of building materials and higher labour costs.
POLAND Echo Investment has confirmed market rumours that it has bought the Tesco shopping centre on ul. KEN in Warsaw’s Kabaty district.
WORLD Global full-year investment volumes are unlikely to reach last year record of USD 1.8 tln, but could be still in line with those reached in 2017 (USD 1.7 tln), says Savills.
POLAND Waimea Holding has been awarded PLN 18.9 mlln financing by BNP Paribas bank for the construction of Waimea Cargo Terminal Airport Szczecin-Goleniów.
POLAND A joint venture between EPP and Henderson Park has purchased the third building of the O3 Business Campus office complex in Kraków from Echo Investment for EUR 47.2 mln. As a result, the two companies now own the entire complex.
EUROPE In July 2019, seasonally adjusted production in the EU construction sector decreased by 0.1 pct m-o-m, according to first estimates from Eurostat, the statistical office of the European Union.
POLAND Bankrupt Polish delicatessen supermarket operator Piotr i Paweł group has concluded a series of debt restructuring agreements with its creditors in the banking sector. The move has been made with the involvement of the Spar Group, which this summer bought out the Piotr i Paweł chain.
POLAND Collegium Medicum UMK is to receive EU funds for the renovation of its building on ul. Jagiellońska 13 in Bydgoszcz.
POLAND Polski Holding Nieruchomości (PHN) has debuted on the Catalyst bond market of the Warsaw Stock Exchange.
POLAND Sportmaster Operations has applied to the Polish competition authorities [UOKiK] for permission to take over Go Sport Polska.
POLAND Gdynia-based developer Moderna Holding has signed an agreement for the purchase all the shares of Kokoszki.
POLAND Acciona has acquired a total of 2,407,655 shares in a call for the shares of Mostostal Warszawa.
POLAND The investment volume on the Polish commercial real estate market is expected to reach EUR 4.3 bln in the second half of the year and this will drive the full figure for 2019 up to EUR 6.9 bln, according to Michał Ćwikliński the managing director of Avison Young Polska, who on September 10th gave a presentation at the 5th Invested Interest Investment Market Conference organised by Eurobuild CEE in the Westin Warsaw Hotel.
HUNGARY Atenor has announced that it has reached an agreement to sell the fifth building of the Váci Greens office complex to a Hungarian private fund set up by MEFG for an undisclosed sum.
POLAND Pbb has provided a EUR 90 mln loan to two real estate funds managed by Credit Suisse Asset Management for the purchase of the Astoria office building in Warsaw from Strabag.
POLAND A total of 25 office buildings were sold in Warsaw for a total of EUR 1 bln in the first half of the year, says Colliers International. This is for the city the best ever result for a six-month period ever recorded.
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