Investment &amp; finance

Nathan North
managing editor (English section)

CZECH REPUBLIC Nova Real Estate Fund, which is managed by Redside, has completed the acquisition for an undisclosed sum of the OBI home improvement goods store in Frýdek Místek in the country’s Moravia-Silesia region, from the building’s developer PTO.

Piastowska has financing

Tomasz Cudowski
editor-in-chief

POLAND Terra Casa has signed a loan agreement with Mbank to finance 75 pct of the investment cost of its Piastowska Residence project, which is under construction near Kraków's Błonia park.

Kaufland to take over from Tesco

POLAND Kaufland has applied to the Office of Competition and Consumer Protection [UOKiK] for permission to take over five hypermarkets operated by Tesco.

OTP Picks up Corvin Technology Park

Alex Hayes
journalist

HUNGARY OTP Prime Real Estate Investment Fund has purchased the second stage of the 27,300 sqm Corvin Technology Park on the east side of Corvin Promenade in Budapest from Futureal.

America House sold to Morgan Stanley

ROMANIA A fund advised by Morgan Stanley Real Estate Investing (MSREI), in a joint venture with David Hay, the former CEO of AFI Europe Romania, has acquired the America House office building close to Piața Victoriei Square in Bucharest.

Vastint sells four buildings to Cromwell

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.

Data centre buys a piece of Włochy

Opr./edited by TSG

POLAND Mostostal Warszawa has sold a plot of land at ul. Krakowiaków 91/101 in Warsaw’s Włochy district.

Hines buys Segro park in Gdańsk

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.

Eastnine buys Old Town offices

Nathan North
managing editor (English section)

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.

Rising prices pushes construction turnover to new levels

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.

Echo Investment takes on Tesco

Opr./edited by TSG

POLAND Echo Investment has confirmed market rumours that it has bought the Tesco shopping centre on ul. KEN in Warsaw’s Kabaty district.

Global investment slightly down

23 September 2019

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.

Financing for Goleniów terminal

20 September 2019

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.

Final O3 Business Campus building changes hands

18 September 2019

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.

EU construction stays stable

18 September 2019

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.

Piotr and Paweł reaches agreement with banks

16 September 2019

Opr./edited by AZ

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.

EU supports UMK modernisation

13 September 2019

POLAND Collegium Medicum UMK is to receive EU funds for the renovation of its building on ul. Jagiellońska 13 in Bydgoszcz.

PHN debuts on Catalyst market

13 September 2019

POLAND Polski Holding Nieruchomości (PHN) has debuted on the Catalyst bond market of the Warsaw Stock Exchange.

Sportmaster to bid for Go Sport

10 September 2019

POLAND Sportmaster Operations has applied to the Polish competition authorities [UOKiK] for permission to take over Go Sport Polska.

Kokoszki under Moderna wings

10 September 2019