Investment & finance

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Orbis before split

schedule 06 August 2019
Eurobuild CEE

POLAND Orbis saw like-for-like growth in its EBITDA of 19.3 pct to EUR 51 mln in its H1 financial results. The Eastern Europe region remained strong with 5 pct RevPAR growth.

Good June for retail

schedule 05 August 2019
Eurobuild CEE

EUROPE Retail trade volume increased across the EU in June by 1.2 pct m-o-m and 2.8 y-to-y, according to estimates from Eurostat, the statistical office of the European Union.

Investment & finance

URW announces H1 results

schedule 02 August 2019
Eurobuild CEE

WORLD Unibail Rodamco Westfield has announced its results for the first half of 2019. Over the period the group saw sales grow y-o-y by 5.7 pct in Continental Europe, 7.1 pct in the UK, and 4.9 pct in the US.

Investment & finance

Atrium sees slight rise in income

schedule 01 August 2019
Eurobuild CEE

EUROPE In the first half of the year Atrium European Real Estate saw a 0.5 pct increase in its net rental income across its portfolio which came to EUR 92.4 mln with a 1.5 pct increase excluding Russia.

Investment & finance

Strong results for Zalando

schedule 01 August 2019
Alex Hayes
journalist

EUROPE In Q1 this year Zalando Saw its customer base grow by 3.7 mln (15.2 pct) y-o-y to 28.3 mln across 17 European countries.

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.

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