Investment & finance

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Investment & finance

Wing snaps up Liget

schedule 13 May 2019
Alex Hayes
journalist

HUNGARY M7 Real Estate has sold the Liget Centre in Budapest on behalf of its M7 Central European Real Estate Fund I to Wing Holding.

Investment & finance

ECE to buy two Atrium malls

schedule 13 May 2019
Rafał Ostrowski
journalist

POLAND ECE European Prime Shopping Centre Fund II is to acquire the Atrium Felicity in Lublin and Atrium Koszalin shopping centres from Atrium European Real Estate for EUR 298 mln.

Investment & finance

Mapletree finalises West Station purchase

schedule 13 May 2019
Alex Hayes
journalist

The two office buildings of the West Station complex developed in partnership by HB Reavis and PKP [Polish State Railways] subsidiary Xcity Investments have been sold to Singapore-based Mapletree Investments.

Investment & finance

Fourth stage of Atal Kliny on sale

schedule 10 May 2019
Eurobuild CEE

POLAND Atal has started sales for 98 apartments in the fourth stage of its Atal Kliny Zacisze estate currently under construction on ul. Małysiaka in Dębniki in Kraków.

Investment & finance

Hotels take lions share of Q1 investment

schedule 10 May 2019
Alex Hayes
journalist

POLAND Office properties represented 70 pct of the EUR 723 mln real estate investment volume in Q1 this year with office deals having totalled EUR 526 mln over the first three months.

Investment & finance

Lastadia sold to Greenstone

schedule 10 May 2019
Eurobuild CEE

POLAND Greenstone Asset Management has acquired the Lastadia Office building in Szczecin’s Łasztownia district from SGI.

Investment & finance

Kajima snaps up Student Depot

schedule 10 May 2019
Alex Hayes
journalist

POLAND Kajima Student Housing Limited, a subsidiary of Japanese conglomerate Kajima Corporation, has entered into partnership with Griffin Real Estate Partners (GRE) and acquired Student Depot, Poland’s largest provider of student accommodation, from Oaktree Capital Management for EUR 60 mln.

H&M to pay out dividend

schedule 09 May 2019
Eurobuild CEE

WORLD A dividend of SEK 9.75 (app. EUR 0.90) per share has been approved at the annual general meeting of Hennes & Mauritz (H&M) which is to be paid in two instalments over the year.

Atrium weighed down by Russia

schedule 09 May 2019
Eurobuild CEE

EUROPE In the first quarter of the year Atrium European Real Estate saw 1.2 pct drop in net rental income to EUR 46.2 mln, on the EUR 46.8 mln recorded for the first quarter last year.

Investment & finance

Revenues up for BIK

schedule 01 May 2019
Opr./edited by AZ

POLAND Industrial and retail developer Biuro Inwestycji Kapitałowych (BIK) increased its revenues by 8 pct to PLN 19.2 mln in 2018. The company has also announced the development of more logistics facilities.

Investment & finance

Ghelamco divests Wronia 31

schedule 30 April 2019
Alex Hayes
journalist

POLAND Ghelamco Poland has completed the sale of the Wronia 31 office building in Warsaw’s Wola business district to the Encore+ fund managed by LaSalle Investment Management.

Echo issues more bonds

schedule 29 April 2019
Eurobuild CEE

POLAND Echo Investment has issued unsecured bonds worth a total of PLN 100 mln under a PLN 1 bln Bond Issue Programme organised with Mbank.

GPRE to leave Polish Stock Exchange

schedule 29 April 2019
Eurobuild CEE

POLAND Globalworth Holding has begun the delisting of Globalworth Poland Real Estate from the Warsaw Stock Exchange. The delisting of the Polish subsidiary, which is 99.6 pct owned by Globalworth Holding should be completed by the end of the year.

Investment & finance

Globalworth announces two purchases

schedule 26 April 2019
Alex Hayes
journalist

POLAND Globalworth has signed a conditional agreement to acquire Retro Office House in Wrocław and Silesia Star in Katowice for EUR 113.2 million. The contracts should be finalised in July.

Cordia granted over EUR 86 mln in financing

schedule 26 April 2019
Alex Hayes
journalist

HUNGARY Futureal residential developer Cordia has signed loan agreements worth EUR 86.6 mln with OTP Bank, Takarék Group and Sberbank in order to finance five residential developments in Budapest.

Investment & finance

EPP raises EUR 90 mln for second tranche of M1 portfolio

schedule 25 April 2019
Nathan North
managing editor (English section)

POLAND EPP has raised ZAR 1.45 bln (app. EUR 90 mln) for the second tranche of its acquisition of the portfolio of M1 shopping centres (also known as the Chariot portfolio) across Poland.

Profits up for Deutsche Hypo

schedule 25 April 2019
Alex Hayes
journalist

EUROPE Over the 2018 financial year, Deutsche Hypothekenbank generated an operating profit of EUR 74.7 mln, representing a 19.1 pct increase on the previous year.

BIK sells two parks

schedule 23 April 2019
Eurobuild CEE

POLSKA Biuro Inwestycji Kapitałowych has signed preliminary with American fund manager Exeter Property Group for the sale of Śląskie Centrum Logistyczne in Sosnowiec and Centrum Logistyczne Kraków II.

LC Corp sells for half a billion

schedule 23 April 2019
Eurobuild CEE

POLAND Lower Silesian developer has announced that it has found a party interested in buying two office complexes.

Investment & finance

A7 Office Center sold

schedule 18 April 2019
Eurobuild CEE

CZECH REPUBLIC Revetas Capital Fund II has sold the A7 Office Center building in Prague’s Holešovice to Czech investor Conseq.

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