Investment &amp; finance

POLAND Acciona has acquired a total of 2,407,655 shares in a call for the shares of Mostostal Warszawa.

Hot end to the year

10 September 2019

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.

Nathan North
managing editor (English section)

Fifth Váci Greens building changes hands

09 September 2019

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.

PBB grants EUR 90 mln financing to Credit Suisse

09 September 2019

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.

Record investment H1 for Warsaw

06 September 2019

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.

Financing for Zdrowe Stylove

05 September 2019

POLAND The Geo group has been granted a loan by Getin Bank to construct the Zdrowe Stylove residential estate on ul. Ceglana in Katowice.

Poor results for Budimex

05 September 2019

POLAND Budimex has published its interim results for H1 2019. Operating profit was down for the at around PLN 111 mln (PLN 170 mln H1 2018).

Nathan North
managing editor (English section)

Credit Suisse buys Skanska buildings for EUR 214 mln

05 September 2019

POLAND Skanska has sold the Nowy Targ office project in Wrocław and the third and fourth buildings of the High5ive office complex in Kraków for EUR 214 mln to real estate funds managed by Credit Suisse Asset Management Global Real Estate.

Panova sells Myszków park

Opr./edited by AZ

POLAND Panova is to sell a retail park in Myszków for EUR 0.88 mln, having signed a deal for the sale of 100 pct of the shares in Panova Invest 3, the spv that owns the property.

KGAL swoops into Prague

Nathan North
managing editor (English section)

CZECH REPUBLIC German asset fund KGAL has completed its first Czech acquisition – the Drn office building in Prague city centre for the Alternative Investment Fund (AIF) for an undisclosed sum.

Mzuri CFI reshapes PRS

POLAND In less than five years Mzuri CFI has raised more than PLN 50 mln through crowdfunding through almost 1,000 private small investors and it has set up over ten companies.

More minority shareholders object to Atrium buyout

Alex Hayes
journalist

CEE REGION ICAMAP Investments has written a letter to Gazit Globe stating that it objects to the price offered for the remaining shares of Atrium European Real Estate and demands that the company be revalued before it will agree to sell its minority stake of 1.38 pct.

More Cromwell in CPRF

03 September 2019

POLAND Cromwell Property Group has bought out the outstanding stake in its Cromwell Polish Retail Fund (CPRF) after exercising its right of first purchase to acquire the third-party investor interest in the fund.

Trei picks up steam

03 September 2019

WORLD Property developer and investor Trei Real Estate has announced an increase in its development volume to EUR 730 mln over the first half of 2019, up by EUR 45 mln since the end of 2018 (December 2018: EUR 685 mln). This represents a y-o-y rise of EUR 230 on the EUR 500 mln of H1 2018 (46 pct).

Moore Stephens merged into TPA Poland

POLAND More than 60 tax, accounting and audit specialists so far employed by Moore Stephens Central Audit, are tojoin the Warsaw office of tax advisory TPA Poland, which has merged with the company.

High FDI in CEE

CEE REGION According to data from Colliers International the Global Fortune 500 companies in the CEE region (Poland, The Czech Republic, Hungary, Romania, Slovakia and Bulgaria) are largely from the Automotive, Industrials, Food, Beverages & Tobacco, Telecom & Media and Transportation sectors.

FLE buys Metro cash & carry portfolio

POLAND/HUNGARY/CZECH REPUBLIC Vienna-based asset management company FLE has bought eleven stores under the Makro Cash & Carry brand in Poland and Hungary and under the Metro Cash & Carry brand in the Czech Republic from Metro Group in a sale and leaseback deal worth over EUR 250 mln.

Orange buildings now part of the Zeitgeist

POLAND Zeitgeist Asset Management subsidiary Hockley has bought a complex of six buildings on ul. Nowogrodzka in central Warsaw for EUR 81 mln from telecommunications firm Orange. The total area of the office and residential complex, which stands on a 1 ha plot, comes to 50,000 sqm.

Record price for Grzybowska plot

Opr./edited by TSG

POLAND Golub GetHouse is to pay PLN 54,014 PLN (app. EUR 12.362) net per sqm for a site at ul. Grzybowska 59 in Warsaw, which is likely to be the record paid for a construction plot in Poland.

July’s top five global deals