Investment & finance

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Chopin goes picking for Golden Tulips

schedule 25 September 2018
Eurobuild CEE

POLAND The Office of Competition and Consumer Protection [UOKiK] has reported that Chopin Airport Development intends to purchase all the shares of Residence Management from Qualia Development.

Investment & finance

Corum enters CEE with Metro purchase

schedule 25 September 2018
Nathan North
managing editor (English section)

POLAND Metro Properties, the real estate subsidiary of Metro AG, has sold a property in Poznań with a retail building under a long term lease to Castorama to French investor Corum Asset Management for EUR 20.3 mln.

Metro set to sell Real

schedule 24 September 2018
Opr./edited by AZ

EUROPE German retailer Metro has decided to sell its hypermarkets in order to focus on wholesale and e-commerce.

Crosspoint helps sell Bucharest land

schedule 24 September 2018
Eurobuild CEE

ROMANIA Crosspoint Real Estate, the local partner of Savills in Romania, has brokered the sale of a land plot in Bucharest’s Obor in a deal worth EUR 2 mln for the construction of an 8,000 sqm residential project.

Investment & finance

Poland high in CBRE tech cluster ranking

schedule 21 September 2018
Eurobuild CEE

POLAND Three Polish cities have been listed in CBRE’s latest “EMEA Tech Cities” ranking, which identifies the largest technology clusters in the EMEA region.

Investment & finance

Globalworth sees robust growth

schedule 21 September 2018
Rafał Ostrowski
journalist

POLAND Globalworth has recorded a 135 pct growth of net operating income to EUR 51.7 mln in the first six months of 2018.

Immofinanz closes purchase of S Immo stake

schedule 21 September 2018

EUROPE Immofinanz has signed the purchase agreements for 19,499,437 bearer shares in S Immo, which represent a stake of roughly 29.14 pct.

No need for an SEZ

schedule 20 September 2018

POLAND Regulations have come into force on governmental support for industry.

Investment & finance

Futureal obtains EUR 150 mln loan for Etele Plaza

schedule 18 September 2018
Rafał Ostrowski
journalist

HUNGARY Futureal Group has been granted a EUR 150 mln from UniCredit and Erste Group to finance the the development and long term operations of the Etele Plaza shopping centre next to the Kelenföld railway station in Budapest.

Reesco to become half Italian

schedule 14 September 2018
Opr./edited by TSG

POLAND Polinvest 9, a subsidiary of Italian-based 21 Partners group, wants to purchase a 50 pct stake (50 shares) in Reesco.

Many projects for GTC

schedule 14 September 2018
Anna Pakulniewicz

CEE REGION Over H1 2018, GTC refurbished two buildings (21,600 sqm) in its Green Heart project (formerly known as GTC Square), completed its White House (21,500 sqm) development in Budapest and purchased the Mall of Sofia as well as Sofia Tower. At the end of the period, the company had four projects under construction with 85,000 sqm gla to be completed in 2019 and had plans to start a further three projects this year with a combined 90,000 sqm gla.

CDRL looks abroad

schedule 13 September 2018
Eurobuild CEE

POLAND CDRL, the owner of the Coccodrillo children's clothing chain, has recorded a consolidated net profit in H1 of PLN 8.8 mln, which compares to PLN 2.9 mln in the same period of the previous year.

Investment & finance

Hines Sells Proximo II

schedule 12 September 2018
Alex Hayes
journalist

POLAND Hines has sold the Proximo II building at ul. Przyokopowa 26, which was part of the Hines Russia & Poland Fund portfolio, to the CS Nemovitostní Fond (CSNF), managed by the REICO investment company of Česká spořitelna (REICO IS ČS).

Castorama takes land next to Libero

schedule 12 September 2018
Eurobuild CEE

POLAND Castorama is buying land next to the Libero mall, which is being built in Katowice.

Plaza Centers sells up in Łódź

schedule 10 September 2018
Eurobuild CEE

POLAND Plaza Centers intends to sell two properties in łódź where it was planning to build a residential and a retail project. The company announced the intended sale in its H1 2018 results summary.

EPP with rising profits

schedule 10 September 2018
Alex Hayes
journalist

POLAND EPP has registered a 12 pct rise in profit per share amounting to EUR 5.82 cents for H1 2018.

Investment & finance

Older buildings attractive for developers

schedule 07 September 2018
Anna Pakulniewicz

POLAND Older buildings have outdated functions, different technical installations, and often have high level of vacancy, but they also represent significant opportunities and huge potential, told us Bartłomiej Uszkur, senior consultant at the investment department of Savills.

High earnings for Baltic Horizon Fund

schedule 07 September 2018
Anna Pakulniewicz

BALTIC STATES In Q2 2018, the Baltic Horizon Fund earned a net profit of EUR 2.26 mln (which compares to EUR 1.54 mln for Q2 2017), according to the company’s consolidated unaudited financial results.

Investment & finance

Bytom moves to the Vistula

schedule 06 September 2018
Opr./edited by AC

POLAND Polish clothing producers and retailers Vistula Group and Bytom have obtained the consent of the Office of Competition and Consumer Protection [UOKiK] for the merger of their businesses.

UOKiK queries Lewiatan takeover

schedule 05 September 2018
Rafał Ostrowski
journalist

POLAND The Office of Competition and Consumer Protection [UOKiK] is to further examine the takeover of Partner by Eurocash.

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