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Investment & finance

Foncière Euris to finance construction of Serenada

schedule 28 July 2014
Ewa Andrzejewska

POLAND Mayland Real Estate, the developer of Kraków’s Serenada shopping centre, has found a partner for the project.

ING loans EUR 33.5 mln for IFP Erste building in Warsaw

schedule 28 July 2014
Nathan North
deputy editor

POLAND ING Bank Śląski has provided a EUR 33.5 mln loan to IFP Erste Immobielenfonds für Polen to refinance a building at Al. Jerozolimskie 156 in Warsaw.

Volksbank Romania offloads EUR 490 mln in loans

schedule 28 July 2014
Agata Kłapeć

ROMANIA Deutsche Bank, H.I.G. and AnaCap Financial Partners LLP have jointly acquired a EUR 495 mln portfolio of non-performing and sub-performing loans from Volksbank Romania, whose strategic shareholders include the Austrian bank Volksbanken Holding eGen (51.6 pct) and the Republic of Austria (43.3 pct).

Investment & finance

Hines buys Ambassador

schedule 28 July 2014
Nathan North
deputy editor

POLAND US property investor Hines has announced that the Hines Poland Sustainable Income Fund (HPSIF) has bought the Warsaw office building Ambassador from Spanish-owned Kronos Real Estate for an undisclosed sum.

Investment & finance

Immofinanz sells Czech and Polish parks

schedule 28 July 2014
Nathan North
deputy editor

POLAND/CZECH REPUBLIC Immofinanz Group has sold two logistics properties – Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague.

Accor Group raises EUR 900 mln from bond issue

schedule 25 July 2014
Ewa Andrzejewska

EUROPE French hotel giant Accor Group has issued perpetual hybrid bonds estimated at EUR 900 mln. Although the securities have no maturity date, they will be first callable after June 30th, 2020, with yield reaching 4.125 pct.

Investment & finance

CEE markets increasingly attract investors

schedule 24 July 2014
Agata Kłapeć

CEE REGION In Q2 2014, Romania, Hungary, the Czech Republic and Poland have seen an enormous growth in the commercial real estate investment driven by low interest rates and strong appetite for properties, according to the latest research by CBRE.

Russian LSR records 67 pct sales growth in H1

schedule 21 July 2014
Rafał Ostrowski
journalist

RUSSIA In the first half of the year, St Petersburg-based developer LSR Group has seen a 67 pct y-o-y increase in residential sales.

Investment & finance

Retail drives commercial property yields in Europe

schedule 18 July 2014

EUROPE/ CEE REGION In Q2 2014, European all-property yield rate has dropped by seven basis points, while the biggest changes occurred in the high street retail and shopping centre sectors, falling by 11 bps and 16 bps respectively, according to a survey by CBRE.

Investment & finance

European bonanza? Banks to offload EUR 584 bln to non-core real estate

schedule 17 July 2014
Agata Kłapeć

EUROPE/ CEE REGION 46 European banks and asset management agencies have a gross exposure of EUR 584 bln to non-core real estate which is subject to disposal or work-out strategies, according to the latest research by Cushman & Wakefield.

Investment & finance

CEE real estate markets excel in transparency

schedule 17 July 2014
Agata Kłapeć

CEE REGION Poland, Hungary and the Czech Republic have been ranked among the top 25 transparent real estate markets in the world, while Romania and Serbia have made some of the world's best improvements in this field, according to the latest Global Real Estate Transparency Index compiled every two years by JLL.

Investment & finance

Prologis buys 94,200 sqm in two halls from Invesco RE

schedule 17 July 2014
Nathan North
deputy editor

POLAND/HUNGARY Prologis has acquired two logistics facilities in Poland and Hungary from Invesco Real Estate through its Prologis European Properties Fund II (PEPF II).

Atal plans IPO and Czech entry

schedule 17 July 2014
Nathan North
deputy editor

POLAND Polish residential developer Atal is planning a flotation on the Warsaw Stock Exchange to raise between PLN 150–170 mln to finance an expansion into the Czech market, the company’s vice-president Mateusz Juroszek has revealed to Reuters.

Investment & finance

IVG Group allowed to live on

schedule 17 July 2014
Nathan North
deputy editor

EUROPE The Bonn Regional Court has given final approval for an insolvency plan to rescue heavily indebted IVG Group.

Investment & finance

Developers fight over Warszawa Główna

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND PKP has postponed the deadline for the submission of projects in the tender for the development the area around the Warszawa Główna Osobowa railway station near Warsaw city centre.

Investment & finance

Falenta leaves Real2B

schedule 17 July 2014
Tomasz Szpyt-Grzegórski

POLAND Marek Falenta, who has become embroiled in the recent scandal surrounding the bugging of Polish politicians, has withdrawn from being an investor in Real2B. His shares are to be purchased by other management board members and shareholders.

Unibep to finish off Zeppelin construction

schedule 25 June 2014
Aneta Cichla

RUSSIA Construction company Unibep will build the facade and perform finishing work in the Zeppelin office building, a part of the Airport City Sankt Petersburg complex at the Pulkovo Airport in St Petersburg. The contractor, hired by Zao Avielen, is set to fulfill the deal by Q2 2015.

Poland attracts half of CEE investment

schedule 16 July 2014
Rafał Ostrowski
journalist

POLAND/CEE REGION In H1 2014, an investment volume of app. EUR 2.87 bln was recorded in the CEE region (excluding Russia), according to a market summary by JLL.

Hotel sector the most attractive in Russia

schedule 16 July 2014
Rafał Ostrowski
journalist

RUSSIA In the first half of 2014 the hotel segment accounted for the largest share (35 pct) of the Russian real estate investment market, with deals totalling USD 420 mln, according to Colliers International.

Investment & finance

Organic Farma Zdrowia swallows Tradycyjne Jadło

schedule 15 July 2014
Aneta Cichla

POLAND The Organic Farma Zdrowia health food chain has acquired the retail outlets of Tradycyjne Jadło. Thanks to this it now has ten more locations to add to its current 35.

Edition 4 (287) April 2024

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