Investment &amp; finance

CEE REGION Following previous announcements regarding the separation of its business lines, Orbis has decided to dispose of its service business, which includes its franchise and management agreements and has started exclusive negotiations to sell the businesses to its majority stakeholder Accor.

Łódź looking for investors

07 June 2019

POLAND The Łódź city authorities are launching promotional services for owners of investment properties in the city centre.

CDRL grows through acquisitions

07 June 2019

Opr./edited by AZ

POLAND CDRL Group, the Polish owner of the Coccodrillo fashion chain, saw an increase in its sales revenues to PLN 108 mln in Q1, which when compared to PLN 57.1 mln a year earlier represents an increase of more than 89 pct.

Mas and Prime Kapital with big plans

07 June 2019

Alex Hayes
journalist

ROMANIA Mas REI with its partner Prime Kapital have announced that they are currently working on a number of projects.

PHN launches PLN 160 mln bond issue

Opr./edited by AZ

POLAND Polski Holding Nieruchomości (PHN) has issued A series bonds with a nominal value of up to PLN 160 mln.

Echo plans further offensives after Q1 results

POLAND Echo Investment started the construction of six new projects in Q1. During the same period the company sold 351 units and bought land for construction of more than 75,000 sqm of residential and office space. Its net profit amounted to almost PLN 32 mln.

Renaissance Building taken by Leading Cities Invest

POLAND Leading Cities Invest, a fund managed by the KanAm Grund Group, has purchased the Renaissance Building in Warsaw from a fund managed by GLL Real Estate Partners.

Investment still rising in the Baltics

Anna Pakulniewicz

LATVIA/LITHUANIA/ESTONIA The combined real estate investment volume in the Baltic states last year totalled EUR 810 mln according to figures published by Newsec in its “Baltic Investment Outlook 2019” report.

Spar buys Piotr i Paweł

POLAND Wasz Sklep Spar, a subsidiary of the Spar Group has signed a purchase agreement for a majority stake in the financially troubled Piotr i Paweł grocery chain from funds managed by TFI Capital Partners.

LPP feeling chuffed with results

05 June 2019

POLAND LPP group has registered a 15.7 pct increase in sales to PLN 1.8 bln for Q1 this year. This year the company is targeting online sales in excess of PLN 1 bln with a single online store for the entire EU as well for Ukraine and has plans to debut in Finland.

Delta changes the owner

09 April 2019

POLAND VD Invest from the Vantage Development group has finalised the sale of the Delta 44 office building in Wrocław for PLN 28.7 mln.

Nathan North
managing editor (English section)

Rustonka in Korean-Polish hands

04 June 2019

CZECH REPUBLIC An investment trust fund established by Korean investor Hana Alternative Asset Management and Polish property manager White Star Real Estate has bought the Rustonka office centre in Prague’s Karlín district from J&T Real Estate for an estimated CZK 4.2 bln (app. EUR 163 mln).

Nathan North
managing editor (English section)

Savills IM buys Warsaw warehouse park

03 June 2019

POLAND Savills Investment Management has finalised the acquisition for its Savills IM European Logistics Fund 2 of a 42,000 sqm logistics property in the Warsaw area.

Marvipol shops for Sopot site

03 June 2019

Anna Pakulniewicz

POLAND Marvipol Development has purchased a number of developed plots in Sopot for PLN 27.7 mln net.

Technology to change the modern workspace

31 May 2019

POLAND Innovation over the next few years will result in a better quality of life, lower labour costs, an improvement in the environment, and the saving of time and resources according to the ‘Women Write the Future’ report published by the Ladies First Business Leaders Association.

Baltona looks for investor

31 May 2019

POLAND Przedsiębiorstwa Handlu Zagranicznego Baltona has announced that it received a letter from Flemingo Dutyfree Shop Private and Flemingo International on May 23rd, which announces the launch of a review of strategic options by Flemingo and Ashdod Holding, the two largest shareholders in the company.

Q Hotel takes over party headquarters

30 May 2019

POLAND Polish Q Hotel chain has purchased the headquarters of the Law and Justice [PiS] party at ul. Nowogrodzka 84/86 in Warsaw.

Yit starts project of over EUR 300 mln

30 May 2019

Anna Pakulniewicz

SLOVAKIA Yit Slovakia has bought a 3.9 ha plot in the Nivy area of Bratislava. The plot is the site of a former prefabricated concrete factory in the city’s Ružinov district.

Baltic to buy Galerija Centrs

29 May 2019

LATVIA The Baltic Horizon Fund, managed by Northern Horizon Capital, has signed a preliminary agreement to buy all the shares of Tampere Invest SIA, which owns the Galerija Centrs shopping centre in Riga’s Old Town from Linstow for EUR 75 mln.

Warimpex sees profits rise

29 May 2019