Investment & finance

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USD 1.3 bln closing for JP Morgan fund

schedule 10 December 2018
Eurobuild CEE

EUROPE JP Morgan Asset Management has announced the final closing of its European Opportunistic Property Fund IV with USD 1.3 bln in equity capital from a broad range of global international investors providing a total investment capacity of USD 5.3 bln.

Investment & finance

Centrum Marszałkowska to change hands

schedule 10 December 2018
Tomasz Cudowski
editor-in-chief

POLAND Liebrecht & Wood has signed a preliminary purchase agreement for the Centrum Marszałkowska in Warsaw, which is owned by BBI Development and the Społem Warszawska Spółdzielnia Spożywców Śródmieście cooperative.

One billion złoty for Kraków Airport

schedule 07 December 2018
Eurobuild CEE

POLAND The Polish Minister of Infrastructure Andrzej Adamczyk has approved a plan to invest around PLN 1 bln in Kraków Airport over the next twenty years.

Investment & finance

Eften flies into Ryo

schedule 07 December 2018
Nathan North
managing editor (English section)

LITHUANIA Eften has bought the Ryo shopping centre in Panevėžys for EUR 47 mln at a yield of 8 pct for its Eften Real Estate Fund 4.

Investment & finance

REICO completes Ostrava acquisition

schedule 07 December 2018
Rafał Ostrowski
journalist

CZECH REPUBLIC Česká spořitelna's real estate fund manager REICO has acquired the Forum Nová Karolina shopping centre in Ostrava from Meyer Bergman.

Investment & finance

PHN buys two from Wilanów Office Park

schedule 05 December 2018
Tomasz Cudowski
editor-in-chief

POLAND Polnord has officially announced that it signed a letter of intent with Polski Holding Nieruchomości (PHN) in November for the latter to acquire two buildings in Wilanów Office Park in Warsaw's Wilanów district.

Investment & finance

Pbb finances Cedet sale

schedule 05 December 2018
Nathan North
managing editor (English section)

POLAND Pbb Deutsche Pfandbriefbank, as arranger and sole lender, has provided a credit facility of EUR 75.4 mln for the recent acquisition of the Cedet building in Warsaw city centre by a Polish company managed by GLL Real Estate Partners on behalf of Korean institutional investors.

Investment & finance

Helaba loans Atrium EUR 170 mln for Wars Sawa Junior

schedule 05 December 2018
Nathan North
managing editor (English section)

POLAND Helaba is providing a partly syndicated eight-year loan of EUR 170 mln to Atrium European Real Estate to finance its recent acquisition of the Wars Sawa Junior department store complex in Warsaw city centre.

Ikea to take world by storm

schedule 05 December 2018
Anna Pakulniewicz

WORLD Ingka Centres, which operates the IKEA chain, is planning to invest EUR 5.8 bln globally over the next three years.

Investment & finance

JLL buys REAS

schedule 05 December 2018
Rafał Ostrowski
journalist

POLAND JLL has acquired Warsaw-based residential sector advisory REAS and has become the first advisory firm to operate in all segments of the real estate business in Poland.

Investment & finance

EIB invests in Posejdon

schedule 04 December 2018
Alex Hayes
journalist

POLAND Porto has been granted a EUR 29 mln loan from the European Investment Bank and Bank Gospodarstwa Krajowego to finance its Posejdon mixed use complex in Szczecin.

Investment & finance

P3 to extend its Bucharest operations

schedule 04 December 2018
Alex Hayes
journalist

ROMANIA P3 Logistic Parks has acquired a 16 ha site in Dragomirești-Vale on the north-western outskirts of Bucharest. The P3 Bucharest NW Ring Road park is to be developed on the site and will eventually comprise 80,000 sqm.

Investment & finance

Investment volumes fall, but rise in Poland

schedule 04 December 2018
Alex Hayes
journalist

CEE REGION In the first three quarters of 2018 the total investment volume in six CEE countries (Poland, the Czech Republic, Slovakia, Hungary, Romania and Russia) reached EUR 8.9 bln.

Investment & finance

Atal buys plots and puts them up for sale

schedule 03 December 2018
Tomasz Szpyt-Grzegórski

POLAND Residential developer Atal, which has recently bought three plots in Wrocław for EUR 20 mln from a Spanish bank, is now selling two of them.

Investment & finance

Philippine investor buys into Silesia Business Park

schedule 03 December 2018
Rafał Ostrowski
journalist

POLAND Manila-based investment group ISOC Holdings has acquired buildings C and D of the Silesia Business Park in Katowice for EUR 59 mln.

Investment & finance

Cedet sold

schedule 30 November 2018
Alex Hayes
journalist

POLAND The Cedet building, in central Warsaw, has been sold to a Korean fund managed by GLL Real Estate Partners for EUR 129.5 mln.

Investment & finance

OTP buys Corvin Offices

schedule 30 November 2018
Eurobuild CEE

HUNGARY OTP Real Estate Investment Fund has bought six completed office buildings and two under construction, which are part of Futureal’s Corvin Promenade mixed-use project in Budapest.

Soho sells up

schedule 29 November 2018
Eurobuild CEE

POLAND An Extraordinary General Meeting of Soho Development has authorised the sale of the company's key assets by the end of March 2019.

Investment & finance

KKCG comes to Poland

schedule 29 November 2018
Alex Hayes
journalist

POLAND KKCG Real Estate has bought five industrial BTS developments with a combined gla of 54,500 sqm in Poland for around EUR 41 mln.

Investment & finance

GLL buys first Browary Warszawskie office building

schedule 28 November 2018
Rafał Ostrowski
journalist

POLAND A fund managed by GLL Real Estate Partners has agreed to buy the Biura przy Bramie [Gatehouse Offices] office building in the Browary Warszawskie mixed-use project in Warsaw.

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