Investment & finance

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Investment & finance

Savills IM buys Warsaw warehouse park

schedule 03 June 2019
Nathan North
managing editor (English section)

POLAND Savills Investment Management has finalised the acquisition for its Savills IM European Logistics Fund 2 of a 42,000 sqm logistics property in the Warsaw area.

Marvipol shops for Sopot site

schedule 03 June 2019
Anna Pakulniewicz

POLAND Marvipol Development has purchased a number of developed plots in Sopot for PLN 27.7 mln net.

Technology to change the modern workspace

schedule 31 May 2019
Eurobuild CEE

POLAND Innovation over the next few years will result in a better quality of life, lower labour costs, an improvement in the environment, and the saving of time and resources according to the ‘Women Write the Future’ report published by the Ladies First Business Leaders Association.

Baltona looks for investor

schedule 31 May 2019
Eurobuild CEE

POLAND Przedsiębiorstwa Handlu Zagranicznego Baltona has announced that it received a letter from Flemingo Dutyfree Shop Private and Flemingo International on May 23rd, which announces the launch of a review of strategic options by Flemingo and Ashdod Holding, the two largest shareholders in the company.

Investment & finance

Q Hotel takes over party headquarters

schedule 30 May 2019
Eurobuild CEE

POLAND Polish Q Hotel chain has purchased the headquarters of the Law and Justice [PiS] party at ul. Nowogrodzka 84/86 in Warsaw.

Investment & finance

Yit starts project of over EUR 300 mln

schedule 30 May 2019
Anna Pakulniewicz

SLOVAKIA Yit Slovakia has bought a 3.9 ha plot in the Nivy area of Bratislava. The plot is the site of a former prefabricated concrete factory in the city’s Ružinov district.

Baltic to buy Galerija Centrs

schedule 29 May 2019
Eurobuild CEE

LATVIA The Baltic Horizon Fund, managed by Northern Horizon Capital, has signed a preliminary agreement to buy all the shares of Tampere Invest SIA, which owns the Galerija Centrs shopping centre in Riga’s Old Town from Linstow for EUR 75 mln.

Warimpex sees profits rise

schedule 29 May 2019
Eurobuild CEE

EUROPE Warimpex has regestered a EUR 11.8 mln profit for Q1 2019, which compares to a EUR 3 mln loss in the same period of the previous year. The company attributes the improvement to higher gains on property sales and exchange rate gains.

Investment & finance

Focus plans expansion

schedule 29 May 2019
Rafał Ostrowski
journalist

POLAND/SLOVAKIA/CZECH REPUBLIC Focus Estate Fund has announced its plans to enter the Slovak market as well as to double the size of its current portfolio over the next two years.

Strong Q1 for Immofinanz

schedule 29 May 2019
Anna Pakulniewicz

EUROPE Immofinanz has recorded a rental income of EUR 65.2 mln in Q1 2019, up 10.5 pct y-o-y.

Investment & finance

Why invest in Poland?

schedule 29 May 2019
Anna Pakulniewicz

POLAND Foreign investment in Polish cities is mainly dependent on their labour, their infrastructure, the availability of office space and how well the market supports local businesses according to the ‘Business Environment Assessment Study’ published by Antal, which examined the business environments of Warsaw, Wrocław, Poznań, Łódź, the Tri-City, Kraków, Szczecin and Lublin.

Investment & finance

Cinema 3D joins Multikino

schedule 29 May 2019
Anna Pakulniewicz

POLAND The final sale agreement of the Cinema 3D cinema portfolio has been signed.

Cresa buys PSG

schedule 21 April 2019
Eurobuild CEE

WORLD Cresa has completed the acquisition of Portfolio Solutions Group (PSG), a full service lease administration, accounting and abstracting services company, which is to be renamed Cresa Lease Administration (CLA).

Investment & finance

Futureal sells Advance Tower

schedule 20 May 2019
Alex Hayes
journalist

HUNGARY Futureal Group has sold its Advance Tower building to the Erste Real Estate Fund. The second stage of the same project could also be sold to the fund under a forward purchase agreement.

Investment & finance

Warimpex invests more in Airportcity

schedule 17 May 2019
Rafał Ostrowski
journalist

RUSSIA Warimpex has increased its stake in the Airportcity business complex near the Pulkovo 2 international airport in St Petersburg from 55 to 90 pct.

EIB invests in Poland

schedule 17 May 2019
Alex Hayes
journalist

POLAND The European Investment Bank has signed an agreement for the third and last tranche of a loan, worth PLN 80. 5 mln with the city of Radom. The framework loan was approved in 2016.

EBRD invests in Eften fund

schedule 17 May 2019
Alex Hayes
journalist

BALTIC STATES The EBRD is investing EUR 30 mln equity in the Usaldusfond Eften Real Estate Fund 4. The fund is the first in the region to include Green objectives including measures to reduce climate warming as an integraf part of its operations.

Investment & finance

Port Novi Sad sold

schedule 16 May 2019
Alex Hayes
journalist

SERBIA Dubai-based P&O has purchased Port Luka Novi Sad for EUR 23 mln.

EBRD continues to back Globalworth

schedule 16 May 2019

POLAND/ROMANIA During Globalworth’s last capital increase worth EUR 500 mln, the European Bank for Reconstruction and Development invested EUR 25 mln.

Investment & finance

Poland Vastint sells first stage of Business Garden Wrocław

schedule 16 May 2019
Alex Hayes
journalist

POLAND Vastint has sold three office buildings in Business Garden Wrocław to Filipino investor ISOC for over EUR 95 mln.

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