Investment &amp; finance

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

CA Immo completes exit from Airportcity

13 August 2019

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

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.

Rafał Ostrowski
journalist

EUR 136 mln loan for Warsaw Unit

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

12 August 2019

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.

Łódź turns spotlight on its economic potential

09 August 2019

Opr./edited by AKL

POLAND Łódź city council has commissioned Deloitte to prepare analyses of the city's economic development programme and investment potential.

Eften picks up mall and office block

09 August 2019

LITHUANIA Eften Capital has acquired the River Mall shopping centre and the River Hall office building in Kaunas from Sirin Development.

More money flows into CEE

09 August 2019

CEE REGION Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high EUR 3.3 bln for the quarter, claim Colliers International in its latest ‘Investment Scene’ report.

Archicom partners up to build Łódź apartments

08 August 2019

Opr./edited by AZ

POLAND Wrocław-based developer Archicom and Zakłady Chemiczne Organika have signed a joint venture agreement and established the Karpacka company in Łódź to develop a residential project involving the construction of app. 1,100 apartments.

Harvent invests in Nowy Targ mall

08 August 2019

Opr./edited by AKL

POLAND Nowotarska has acquired Harvent as an investor for its Color Park shopping centre development in Nowy Targ, which is to be the largest mall in Poland’s Podhale geographical region.

Rafał Ostrowski
journalist

EUR 2.7 bln transacted in H1

07 August 2019

POLAND The total real estate investment volume in the first half of the year came to nearly EUR 2.7 bln, according to the ‘At a Glance H1 2019’ report by BNP Paribas Real Estate. Although lower than the same period of the previous year the figure remains higher than the first half figures from 2015-2017.

BNP finances React

06 August 2019

POLAND BNP Paribas Bank Polska has given a loan of over EUR 19 mln to Echo Investment for the construction of the first office building of the React office complex, which is being developed at the corner of ul. Kilińskiego and al. Piłsudskiego in Łódź.

Orbis before split

06 August 2019

POLAND Orbis saw like-for-like growth in its EBITDA of 19.3 pct to EUR 51 mln in its H1 financial results. The Eastern Europe region remained strong with 5 pct RevPAR growth.

Good June for retail

05 August 2019

EUROPE Retail trade volume increased across the EU in June by 1.2 pct m-o-m and 2.8 y-to-y, according to estimates from Eurostat, the statistical office of the European Union.

URW announces H1 results

02 August 2019

WORLD Unibail Rodamco Westfield has announced its results for the first half of 2019. Over the period the group saw sales grow y-o-y by 5.7 pct in Continental Europe, 7.1 pct in the UK, and 4.9 pct in the US.

Atrium sees slight rise in income

01 August 2019

EUROPE In the first half of the year Atrium European Real Estate saw a 0.5 pct increase in its net rental income across its portfolio which came to EUR 92.4 mln with a 1.5 pct increase excluding Russia.

Strong results for Zalando

01 August 2019

EUROPE In Q1 this year Zalando Saw its customer base grow by 3.7 mln (15.2 pct) y-o-y to 28.3 mln across 17 European countries.

Reino given three months

31 July 2019

POLAND Reino Capital, RF CorVal International Holdings and Roberts Constructions have been granted a three-month exclusivity period to negotiate the purchase of a real estate holding company with assets estimated at PLN 1.3 bln.

EU approves Oaktree takeover

31 July 2019

WORLD The European Commission has approved the proposed acquisition of a 62 pct majority stake in Oaktree Capital Group by Brookfield Asset Management.