Investment &amp; finance

POLAND First Property has acquired new investors for the Kraków Business Park KBP with EUR 33 mln invested in FProp Phoenix, the holding company for the property.

A colossus is born

12 June 2018

WORLD Unibail-Rodamco has announced that it has completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield.

Rafał Ostrowski
journalist

5th Avenue Holding grows in Mokotów

12 June 2018

POLAND Real estate investor 5th Avenue Holding has bought a 0.25 ha plot on ul. Postępu 15A in Warsaw’s Mokotów district, which is intended for the future development of a 167-room Holiday Inn Express hotel.

Old success and new business for Echo

12 June 2018

Aneta Cichla

POLAND In Q1 Echo Investment was able to obtain more financing for projects in the office and residential sector. The company also launched a new institutional rental platform: Resi4Rent.

Threats to the world economy

11 June 2018

POLAND Carlos E. Piñerúa, World Bank country manager for Poland and the Baltic States can see a possible end to the current economic global expansion and points to possible triggers such a geopolitical instability and a rise in interest rates in the US.

Eften buys Evolution

08 June 2018

LITHUANIA Eften Real Estate Fund III has acquired the 6,000 sqm Evolution business centre complex in Vilnius for EUR 9.02 mln.

Nathan North
managing editor (English section)

Wood & Company picks up Hadovka

08 June 2018

CZECH REPUBLIC Europa Capital has completed the sale of Hadovka Office Park in Dejvice (Prague 6) to investment bank Wood & Company for an undisclosed sum.

Mila takeover approved

07 June 2018

POLAND The Office of Competition and Consumer Protection (UOKiK) has agreed to the takeover of the Mila chain by Eurocash.

Record for Technopolis Ülemiste

07 June 2018

Anna Pakulniewicz

ESTONIA Ülemiste City developer Technopolis Ülemiste saw its net profit increase by 68 pct over 2017 to EUR 12 mln and its net sales rise by 5 pct to EUR 13.6 mln. At the end of the year, the company’s equity came to EUR 68.4 mln.

REINO taking on a stock listing

06 June 2018

POLAND REINO Partners is setting up the REINO Capital holding company to launch on the Warsaw Stock Exchange.

JLL sets up Spark

05 June 2018

WORLD JLL has announced the creation of the JLL Spark global venture fund, which plans to invest up to USD100 mln in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it.

Marcelin sold to EPP

05 June 2018

POLAND EPP has signed a preliminary purchase agreement for the King Cross Marcelin shopping centre in Poznań from King Cross Group at an initial yield of 7.3 pct (which compares to 7 pct in other regional markets). The transaction has a net value of EUR 91.1 mln.

NEPI Rockcastle buys two malls

04 June 2018

POLAND/LITHUANIA NEPI Rockcastle has purchased the Aura Centrum shopping centre Olsztyn from Rockspring NPS European Alfa B.V and has also purchased the Ozas shopping centre in Vilnius from Arena Zweite Verwaltungs.

Mostostal Zabrze selling Katowice sites

04 June 2018

Aneta Cichla

POLAND Mostostal Zabrze is has decided to sell more than 7 ha in the north-eastern part of Katowice.

Warimpex releases results

30 May 2018

EUROPE Warimpex has released its Q1 results and reports reduced property holdings due to a partial portfolio sale and an associated decline in its business operations. After exchange rate losses the company reports a result of minus EUR 3.0 mln.

Westfield takeover almost complete

30 May 2018

WORLD Unibail Rodamco has announced that the Supreme Court of New South Wales made orders approving the schemes for the acquisition of Westfield and hence the takeover is currently being finalised.

CPI buys Atrium

30 May 2018

POLAND CPI property Group has announced the acquisition of the Atrium Centrum and the Atrium Plaza office buildings in Warsaw.

CCC sees revenue drop

29 May 2018

EUROPE CCC closed Q1 of this year with a 4 pct drop in revenues with sales of PLN 694 mln. Its online revenue increased by 52 pct to PLN 168 mln and its store area increased by 16,000 sqm to a total of 552,000 sqm in 934 stores, including 484 outside Poland. “

West Link sold

25 May 2018

POLAND The sale of the West Link office building in Wrocław to Globalworth Poland has been completed. Echo Poland sold the building for EUR 35.8 mln by Echo Investment with the preliminary sales agreement having been signed in March 2017.

PIMCO and Echo agree on Resi4Rent

24 May 2018