Investment & finance

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Warimpex in the green

schedule 27 August 2019
Rafał Ostrowski
journalist

EUROPE Warimpex Finanz-und Beteiligungs recorded a EUR 17.9 mln profit in H1, compared to a EUR 4.3 mln loss a year earlier. As the company explains, this can be attributed primarily to property sales, valuation gains and exchange rate gains.

Investment & finance

EUR 52 mln loan for Warburg

schedule 26 August 2019
Rafał Ostrowski
journalist

HUNGARY PBB Deutsche Pfandbriefbank has provided a EUR 52 mln investment and VAT loan to an open-ended special alternative fund managed by Warburg-HIH Invest Real Estate for the purchase of the White House office building in Budapest.

Czech investment to exceed EUR 3 bln

schedule 23 August 2019
Eurobuild CEE

CZECH REPUBLIC The commercial real estate investment volume in the Czech Republic could exceed EUR 3 bln this year, according to Cushman & Wakefield. After a good H1, when EUR 1.74 bln in real estate was transacted, the market in the second half of the year is also expected to thrive.

Patisha changes hands

schedule 23 August 2019
Eurobuild CEE

POLAND Bulgarian civil engineering company Patisha AD has sold 90 pct of its shares to Zavodski Stroeji PS Pazardzhik, the oldest construction company in Pazardzhik region.

Romania outperforming the rest of the region

schedule 22 August 2019
Nathan North
managing editor (English section)

ROMANIA The Romanian real estate market has recorded good results for H1 2019, with more dynamic activity in the office and investment segments than in some of its neighbours in the CEE region, according to Colliers International Romania.

Echo granted EUR 65 mln loan for Face2Face

schedule 19 July 2019
Rafał Ostrowski
journalist

POLAND Bank Pekao has granted Echo Investment a EUR 65 mln loan for the construction of the Face2Face Business Campus office complex in Katowice.

Investment & finance

EPGC fails in Metro takeover bid

schedule 19 August 2019
Nathan North
managing editor (English section)

EUROPE EP Global Commerce, the Czech-Slovak holding controlled by Daniel Křetínský, has failed to reach the minimum acceptance threshold of 67.5 pct of its voluntary takeover offer for German retailer Metro AG.

Trade down

schedule 16 August 2019
Rafał Ostrowski
journalist

EUROPE The Eurostat’s first estimate for the volume of exports from the euro area (EA19) to the rest of the world in June 2019 was EUR 189.9 bln, down 4.7 pct y-o-y.

Atrium undervalued says Letko

schedule 16 August 2019
Alex Hayes
journalist

CEE REGION Investment manager Letko Brosseau & Associates has declared its intention to vote against Gazit Globe’s buyout of Atrium European Real Estate, in which it controls a 2.4 pct stake making it the second largest shareholder in the company.

Etalon completes Leader-Invest purchase

schedule 16 August 2019
Rafał Ostrowski
journalist

RUSSIA Etalon Group has completed the purhcase of the remaining 49 pct stake in residential developer Leader-Invest from Sistema for RUB 14.6 bln.

Baltic Horizon increases in value

schedule 16 August 2019
Eurobuild CEE

EUROPE Tallinn based Baltic Horizon Fund has increased its net asset value per unit to EUR 1.3451. As of the end of July the value increased by 0.52 pct m-o-m.

Investment & finance

Rents go up across CEE

schedule 14 August 2019
Rafał Ostrowski
journalist

EUROPE Office, retail and logistics rents increased in the second quarter of 2019 across the CEE region, according to the DNA of Real Estate report by Cushman & Wakefield.

Investment & finance

Echo takes over Immofinanz office buildings

schedule 14 August 2019
Alex Hayes
journalist

POLAND Immofinanz has sold a section of its Empark office development in Warsaw's Służewiec business district to Echo Investment. Prior to the deal, the Austrian investor had drawn up a concept design for a number of the buildings on the 1.17 ha plot to be pulled down to make way for a new residential development.

Investment & finance

Skanska sells second Nowy Rynek building

schedule 14 August 2019
Rafał Ostrowski
journalist

POLAND Skanska has sold the second building that it is developing in its Nowy Rynek office complex in Poznań to Corum Asset Management for EUR 36 mln.

Investment & finance

Centrum Krakov sold

schedule 14 August 2019
Alex Hayes
journalist

CZECH REPUBLIC Wood & Company has acquired the Centrum Krakov mall in Prague. The sellers were the Syner Group as well as private investors Petr Syrovátko and Karel Zetka.

Investment & finance

Klépierre to sell four malls to Indotek

schedule 13 August 2019
Alex Hayes
journalist

HUNGARY The competition authorities (GVH) have approved the acquisition by Indotek of a number of shopping centres owned by the Klépierre group.

Investment & finance

CA Immo completes exit from Airportcity

schedule 13 August 2019
Alex Hayes
journalist

RUSSIA Warimpex has completed its purchase of a 35 pct stake in AO Avielen, the SPV which is responsible for the development and management of the Airportcity mixed-use complex in St Petersburg, bringing its total stake in the project up to 90 pct.

TXM files for bankruptcy of Romanian subsidiary

schedule 12 August 2019
Opr./edited by AZ

ROMANIA Polish clothing group TXM, which is undergoing restructuring, has filed for the bankruptcy of its 100 pct Romanian subsidiary Adesso TXM Romania, based in Timişoara.

Investment & finance

EUR 136 mln loan for Warsaw Unit

schedule 12 August 2019
Opr./edited by AZ

POLAND Ghelamco has signed a loan agreement with PKO BP, Santander Bank Polska, Pekao and Towarzystwo Ubezpieczeń i Reasekuracji Warta for financing the construction of the 45-storey Warsaw Unit office development at Rondo Daszyńskiego in central Warsaw.

Etalon buys out Leader-Invest

schedule 12 August 2019
Rafał Ostrowski
journalist

RUSSIA Etalon Group has signed a binding agreement to purchase the remaining 49 pct of the share capital of residential developer Leader-Invest from Sistema, a publicly-traded diversified holding company, for RUB 14.6 bln.

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