Investment &amp; finance

ROMANIA Over the first half of 2018, a total of 33,000 sqm was delivered to the Bucharest office market with over 150,000 sqm to be delivered over the rest of the year, according to figures from Colliers International.

Zalando publishes results

EUROPE Zalando has reported increased revenues in Q2 of 20.9 pct to EUR 1,330.0 mln, a rise which is in line with its 20-25 pct growth target. The company’s adjusted EBIT came in at EUR 94 mln representing a margin of 7.1 pct.

LNK Centre changes hands

LATVIA Baltic Horizon Fund has bought the LNK Centre office building in Riga.

Erste fund snaps up Mill Park

HUNGARY Skanska has sold Mill Park, a two-building office project in Budapest to Erste Alapkezelő, a real estate fund of Erste Asset Management.

Marvipol takes out loan for warehouses

07 August 2018

POLAND PDC Industrial Center 82, a joint venture company set up by Marvipol Logistics and Panattoni Europe, has secured a loan agreement with BGŻ BNP Paribas to develop a warehousing project near Warsaw.

Nathan North
managing editor (English section)

Polish investment has record in its sights

06 August 2018

POLAND By the end of July 2018, the total investment volume this year in Poland amounted to almost EUR 3.88 bln, according to JLL.

JHM looks again at Bydgoszcz

06 August 2018

POLAND JHM Development has bought a 0.4 ha plot on ul. Bohaterów Kragujewca where it intends to build a residential block.

Atrium sold

06 August 2018

POLAND AEW Europe has sold the Atrium Tower office building at al. Jana Pawła II 25 in Warsaw to the VIG Fund of the Vienna Insurance Group for an undisclosed sum.

Próchnik officially bankrupt

POLAND Próchnik has been officially declared bankrupt.

Metropolitan has land to build on

Aneta Cichla

POLAND Metropolitan Investment has extended its land bank with three plots in Siedlce, Ostrów Wielkopolski and Warsaw’s Wawer district. The plots, which were sold as a block, have a combined area of 4.7 ha.

LC Corp buys Praga plot

POLAND LC Corp has purchased a 0.74 ha plot on ul. Siennicka in Warsaw’s Praga Południe district for a net amount of PLN 9.5 mln.

Slovakia has investment record in its sights

Nathan North
managing editor (English section)

SLOVAKIA The total real estate investment volume in Slovakia for H1 2018 reached just under EUR 500 mln, a significant amount compared to the EUR 535 mln for the entire 2017 and record breaking EUR 850 mln in 2016 – according to JLL.

Budimex and Strabag on A1

Rafał Ostrowski
journalist

POLAND Budimex and Strabag have been awarded a EUR 111 mln contract to design and build a 16 km section of the A1 motorway between Tuszyn and Bełchatów.

Promenade Gardens sold

HUNGARY Erste Real Estate Fund has purchased Promenade Gardens in Budapest from developer Horizon Development for an undisclosed sum.

2.5 mln people set to become land owners

POLAND A bill that will transfer ownership of land used under the right of perpetual usufruct to the residents of the buildings that stand on it has been passed by the Seym and now awaits the presidential signature.

Amrest not resting but investing

Opr./edited by AC

EUROPE Amrest has purchased the Sushi Shop restaurant chain, which operates in twelve European countries.

Amazon obtains loan from PKO

Rafał Ostrowski
journalist

POLAND PKO Bank Polski has provided financing for the development of an Amazon fulfilment centre in Okmiany near Legnica in south-western Poland.

Booming economy cools a little

01 August 2018

LITHUANIA H1 2018 saw a slowdown in the real estate market in Lithuania, despite continued high liquidity claims a report by Inreal Grupė, Šiaulių Bankas and Cobalt.

BHF launches buy-back

01 August 2018

THE BALTICS The Baltic Horizon Fund has set up a buy-back programme, which has been approved at the AGM.

Globalworth finalises deals

01 August 2018