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Investment & finance

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Plaza Centers sells up in Łódź

schedule 10 September 2018
Eurobuild CEE

POLAND Plaza Centers intends to sell two properties in łódź where it was planning to build a residential and a retail project. The company announced the intended sale in its H1 2018 results summary.

EPP with rising profits

schedule 10 September 2018
Alex Hayes
journalist

POLAND EPP has registered a 12 pct rise in profit per share amounting to EUR 5.82 cents for H1 2018.

Investment & finance

Older buildings attractive for developers

schedule 07 September 2018
Anna Pakulniewicz

POLAND Older buildings have outdated functions, different technical installations, and often have high level of vacancy, but they also represent significant opportunities and huge potential, told us Bartłomiej Uszkur, senior consultant at the investment department of Savills.

High earnings for Baltic Horizon Fund

schedule 07 September 2018
Anna Pakulniewicz

BALTIC STATES In Q2 2018, the Baltic Horizon Fund earned a net profit of EUR 2.26 mln (which compares to EUR 1.54 mln for Q2 2017), according to the company’s consolidated unaudited financial results.

Investment & finance

Bytom moves to the Vistula

schedule 06 September 2018
Opr./edited by AC

POLAND Polish clothing producers and retailers Vistula Group and Bytom have obtained the consent of the Office of Competition and Consumer Protection [UOKiK] for the merger of their businesses.

UOKiK queries Lewiatan takeover

schedule 05 September 2018
Rafał Ostrowski
journalist

POLAND The Office of Competition and Consumer Protection [UOKiK] is to further examine the takeover of Partner by Eurocash.

Investment & finance

Ronson refinances Panoramika

schedule 05 September 2018
Opr./edited by TSG

POLAND Ronson Development has obtained a loan of PLN 21.95 mln (and PLN 3 mln for VAT) from PKO BP to finance and refinance the net costs of the construction of the Panoramika residential estate in Szczecin’s Pogodno district.

Investment & finance

UOKiK keeps Multikino deal in limbo

schedule 05 September 2018
Aneta Cichla

POLAND Office of Competition and Consumer Protection [UOKiK] has decided that further market analysis is required before it can approve the acquisition of the Cinema 3D chain by Vue International the owner of the Multikino chain.

Investment & finance

Galeria Echo and O3 refinanced

schedule 04 September 2018
Alex Hayes
journalist

POLAND PKO Bank Polski has granted an investment loan of EUR 186 mln to EPP for the refinancing of the Galeria Echo shopping centre in Kielce and the O3 Business Campus in Kraków.

Investment & finance

LCP snaps up four properties

schedule 03 September 2018
Eurobuild CEE

POLAND LCP Properties, part of the London & Cambridge Properties group, bought four retail assets over July and August.

Investment & finance

Saller buys Radomsko retail park

schedule 31 August 2018
Opr./edited by TSG

POLAND The Saller Group has bought a retail park in Radomsko.

Investment & finance

Orbis’ buys Mercure Bucharest Unirii

schedule 30 August 2018
Anna Pakulniewicz

ROMANIA Orbis, in line with its business strategy of allocating capital to the most promising markets in order to underpin sustainable results in the future, has signed a purchase agreement for the plot, building and business related operations of the Mercure Bucharest Unirii hotel.

TxM will acquire PLN 31.9 mln from the issue of shares and bonds

schedule 29 August 2018
Eurobuild CEE

POLAND TxM (Textilmarket), a Polish discount store chain, will capitalize the company through the issue of shares and bonds worth PLN 31.9 mln.

Investment & finance

Atrium buys Wars Sawa Junior

schedule 28 August 2018
Anna Pakulniewicz

POLAND Atrium European Real Estate is set to buy the Wars Sawa Junior department store complex in central Warsaw from PFCEE, a fund managed by CBRE Global Investors, for EUR 301.5 mln.

LPP comes to Puro

schedule 27 August 2018
Anna Pakulniewicz

POLAND Norwegian-owned Puro Hotel Holding and the Family Investment 3 Limited Liability Company (registered in Gdańsk) have agreed to join forces and invest together in the hospitality business.

Investment & finance

Sagittarius deal done

schedule 23 August 2018
Rafał Ostrowski
journalist

POLAND Warburg-HIH Invest Real Estate has finalised the acquisition of the Sagittarius Business House office building in Wrocław from Echo Investment.

Investment & finance

PKO to finance Central European Logistics Hub

schedule 23 August 2018
Eurobuild CEE

POLAND PKO Bank Polski has provided a EUR 61.5 mln loan for the construction of two warehouse buildings with a total of a 145,000 sqm in the Central European Logistics Hub, which is being developed by Panattoni Europe.

Yit sells part of Pushkin plot

schedule 23 August 2018
Anna Pakulniewicz

RUSSIA Finnish residential developer and constructor Yit has sold part of a site it owns in Pushkin, south of St Petersburg, to Russian developer FSK Lider for app. EUR 15 mln.

Investment & finance

Balmain now sole owner of BSC group

schedule 21 August 2018
Opr./edited by AC

CEE REGION Balmain Asset Management has purchased minority stakes in BSC Real Estate Advisors and BSC Property Management to become the sole owner of both companies.

Investment & finance

How to prepare for the minimum tax

schedule 21 August 2018
Anna Pakulniewicz

POLAND The minimum tax is now calculated based on the initial value of a property minus PLN 10 mln for each building. The law that is to come into force is to change how this is calculated. PLN 10 mln is to be subtracted from a company's income. How to prepare for the law amendment says Justyna Bauta-Szostak, a tax adviser and partner at MDDP.

Edition 11 (293) November 2024

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