Investment & finance

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Investment & finance

Reino given three months

schedule 31 July 2019
Eurobuild CEE

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.

Investment & finance

EU approves Oaktree takeover

schedule 31 July 2019
Eurobuild CEE

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

Investment & finance

LaSalle buys Panattoni Park

schedule 31 July 2019
Rafał Ostrowski
journalist

POLAND LaSalle Investment Management has bought the Panattoni Park Warsaw West VI logistics complex in Grodzisk Mazowiecki for its Encore+ fund.

Freedom of information for surveyors

schedule 30 July 2019
Eurobuild CEE

POLAND The Permanent Committee of the Council of Ministers has approved a number of reforms that should help surveyors.

Atenor buys Budapest land

schedule 30 July 2019
Alex Hayes
journalist

HUNGARY Atenor has acquired a plot of 0.5 ha at Hengermalom út 18 in Budapest.

EU approves Panalpina takeover

schedule 29 July 2019
Rafał Ostrowski
journalist

EUROPE The European Commission has approved the acquisition of Panalpina Welttransport Holding AG of Switzerland by DSV A/S of Denmark.

Investment & finance

Żelazna 59a changes hands

schedule 26 July 2019
Opr./edited by AKL

POLAND The Centrum Biznesowe Żelazna 59a office building in Warsaw has been bought by Platinum Towers Management from J.M. Property.

Apartment Plus adds more in Wrocław

schedule 25 July 2019
Rafał Ostrowski
journalist

POLAND PFR Nieruchomości, the company that runs the governmental Mieszkanie Plus [Apartment Plus] scheme to provide homes for young families, has bought a 12.33 ha plot of land on ul. Odolanowska in Wrocław’s Zakrzów district from Polski Holding Nieruchomości. More than 1,000 apartments are to be built on the site under the scheme.

Investment & finance

MBank loans EUR 21 mln for Galeria Chełm

schedule 25 July 2019
Alex Hayes
journalist

POLAND Acteeum and Equilis have signed a EUR 21 mln credit agreement with mBank to finance the development of the Galeria Chełm shopping centre project.

Investment & finance

Metro opposes Czech-Slovak takeover bid

schedule 24 July 2019
Nathan North
managing editor (English section)

EUROPE German retail giant Metro AG has made the recommendation to its shareholders that they turn down a EUR 5.8 bln takeover bid by Czech-Slovak investor EP Global Commerce, insisting that the offer significantly undervalues the group.

London Partners buys Bucharest land

schedule 24 July 2019
Eurobuild CEE

ROMANIA London Partners has bought a 2.87 ha plot in Bucharest’s Expozitiei area for EUR 15 mln.

Investment & finance

Gazit launches bid for all of Atrium

schedule 23 July 2019
Nathan North
managing editor (English section)

CEE REGION Israeli investor Gazit Globe has agreed to buy the 39.9 pct stake it does not already own in CEE shopping centre owner and operator Atrium European Real Estate at a price of EUR 3.75 per share – which for the 150 mln shares amounts to a gross consideration of EUR 565 mln.

Abris buys Global Technical Group

schedule 23 July 2019
Alex Hayes
journalist

ROMANIA Fund manager Abris Capital Partners has signed an agreement to acquire a majority stake in Global Technical Group (GTS), a developer of IT system for property management.

Tesco to sell five Polish centres

schedule 23 July 2019
Rafał Ostrowski
journalist

POLAND The Polish Office of Competition and Consumer Protection (UOKiK) has received application regarding the sale of five centres where Tesco Polska operates large-format stores and leases retail and service space.

Resi4Rent with money to build four projects

schedule 23 July 2019
Alex Hayes
journalist

POLAND Resi4Rent has been awarded with a PLN 198 mln construction loan by Santander Bank Polska and Helaba.

Strong H1 results for Neinver

schedule 22 July 2019
Alex Hayes
journalist

EUROPE Neinver has announced that sales across its outlet centre portfolio grew to EUR 487 mln during the first half of the year, an 8 pct increase compared to the same period in 2018.

Benson acquires building on Chmielna

schedule 22 July 2019
Rafał Ostrowski
journalist

POLAND Benson Elliot Real Estate Partners IV fund has acquired the Chmielna 134 office building in central Warsaw from UBS Real Estate Kapitalanlagegesellschaf.

Profits drop for Budimex

schedule 22 July 2019
Eurobuild CEE

POLAND Budimex has announced a consolidated net profit of PLN 44 mln for Q2 2019 down by PLN 21 mln (32 pct) on the same period of the previous year.

Poland the place to invest

schedule 22 July 2019
Rafał Ostrowski
journalist

POLAND The Polish real estate market is growing ever more attractive as an investment destination, as reflected in the latest investment market figures, claims Deutsche Hypo in its latest Real Estate Special study.

Investment & finance

Nordic Light Trio sold for EUR 41 mln

schedule 21 July 2019
Nathan North
managing editor (English section)

HUNGARY Skanska has sold the Nordic Light Trio office building in Budapest to South Korean real estate investment trust JR AMC for EUR 41 mln.

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