Investment & finance

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Investment & finance

Explora goes to Golden Star

schedule 20 June 2018
Nathan North
managing editor (English section)

CZECH REPUBLIC Avestus Capital Partners has finalised the sale of the Explora Business Centre in Nové Butovice in Prague 5 to Golden Star Group for an undisclosed sum.

Investment & finance

Revetas takes over TriGranit

schedule 18 June 2018
Eurobuild CEE

CEE REGION Revetas, a specialist real estate investment manager , together with funds managed by Goldman Sachs Asset Management, has announced the acquisition of TriGranit from TPG Real Estate. The terms of the transaction were not disclosed.

WP Carey and CPA:17 to become one

schedule 18 June 2018
Alex Hayes
journalist

WORLD The management of WP Carey has unanimously approved the company’s merger with Corporate Property Associates 17 – Global Incorporated (CPA:17), a publicly-held non-traded REIT that it advises.

Investment & finance

Metronom swings to REICO

schedule 15 June 2018
Alex Hayes
journalist

CZECH REPUBLIC HB Reavis has sold Metronom Business Center in Prague-Butovice to ČS nemovitostní fond, a fund managed by Česká spořitelna’s REICO investiční společnost, for CZK 2.3 bln (app. EUR 89.5 mln).

Investment & finance

First Property with university support

schedule 13 June 2018
Alex Hayes
journalist

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.

Investment & finance

A colossus is born

schedule 12 June 2018
Alex Hayes
journalist

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

Investment & finance

5th Avenue Holding grows in Mokotów

schedule 12 June 2018
Rafał Ostrowski
journalist

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

schedule 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.

Investment & finance

Threats to the world economy

schedule 11 June 2018
Eurobuild CEE

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

schedule 08 June 2018
Alex Hayes
journalist

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

Investment & finance

Wood & Company picks up Hadovka

schedule 08 June 2018
Nathan North
managing editor (English section)

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.

Investment & finance

Mila takeover approved

schedule 07 June 2018
Eurobuild CEE

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

Record for Technopolis Ülemiste

schedule 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.

Investment & finance

REINO taking on a stock listing

schedule 06 June 2018
Eurobuild CEE

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

JLL sets up Spark

schedule 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.

Investment & finance

Marcelin sold to EPP

schedule 05 June 2018
Alex Hayes
journalist

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.

Investment & finance

NEPI Rockcastle buys two malls

schedule 04 June 2018
Alex Hayes
journalist

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.

Investment & finance

Mostostal Zabrze selling Katowice sites

schedule 04 June 2018
Aneta Cichla

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

Investment & finance

Warimpex releases results

schedule 30 May 2018
Alex Hayes
journalist

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.

Investment & finance

Westfield takeover almost complete

schedule 30 May 2018
Alex Hayes
journalist

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.

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Edition 3 (306) March 2026

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