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Record profits for AFI

schedule 12 March 2014

CEE REGION AFI Properties has registered a record profit of EUR 32 mln in 2013 as well as an 85 pct increase in its operating profit to EUR 96.5 mln and an 11 pct y-o-y increase in the company’s net operating income , which totalled EUR 73 mln in 2013.

Investment & finance

Albert to join with Spar

schedule 12 March 2014

CZECH REPUBLIC Ahold, the Dutch company which runs the Albert chain of supermarkets, has agreed to purchase the Czech operations of the Austrian-based grocery chain Spar for over CZK 5.2 bln (app. EUR 191 mln).

Investment & finance

HB Reavis sells, Tatra buys

schedule 12 March 2014
Ewa Andrzejewska

SLOVAKIA HB Reavis has sold three buildings in the five-building City Business Center office complex in Bratislava.

Investment & finance

New ownership for Złote Tarasy

schedule 12 March 2014
Tomasz Szpyt-Grzegórski

POLAND Axa Real Estate Investment Managers France intends to take over the Złote Tarasy office and retail complex in Warsaw, which is valued at over PLN 2 bln. The proposed deal has already been referred to the Office of Competition and Consumer Protection (UOKiK).

Investment & finance

Peakside targets projects worth app. EUR 200 mln

schedule 12 March 2014
Tomasz Szpyt-Grzegórski

POLAND/CZECH REPUBLIC Peakside Capital finalised transactions worth EUR 220 mln in 2013. Currently, the group is preparing for more acquisitions and is reviewing properties with a total value app. EUR 200 mln in Germany, Poland and the Czech Republic. I

Investment & finance

Honey, who shrunk Warsaw?

schedule 12 March 2014
Rafał Ostrowski
journalist

POLAND Park Miniatur Województwa Mazowieckiego (PMWM) is planning to build a miniature town in Warsaw with 50 models of the capital’s buildings on a 3.5 ha plot.

Marvipol refinances Bielany estate

schedule 11 March 2014

POLAND Marvipol has acquired a PLN 43 mln loan from Getin Noble Bank to refinance the Bielany Residence estate on ul. Sokratesa in Warsaw.

Leach & Lang advises on transactions worth PLN 40 mln in Kraków

schedule 11 March 2014
Rafał Ostrowski
journalist

POLAND Leach & Lang Property Consultants has recently advised on three transactions in Kraków with a combined value of PLN 40 mln.

Unidevelopment raises PLN 20 mln

schedule 11 March 2014
Tomasz Szpyt-Grzegórski

POLAND Unidevelopment has issued bonds with a nominal value of PLN 20 mln in a non-public offering.

Investment & finance

Poznań City Center sold

schedule 11 March 2014

POLAND Resolution Real Estate Fund IV and ECE Prime European Shopping Centre Fund have purchased the Poznań City Center shopping centre for an undisclosed price.

Central European Retail Fund launched

schedule 11 March 2014

POLAND/CZECH REPUBLIC Warburg - Henderson has launched the Central European Retail Fund, which is aimed at institutional investors and will invest in retail properties in Poland and the Czech Republic.

More bonds issued by GTC

schedule 11 March 2014

POLAND Globe Trade Centre has issued 20,000 bonds worth PLN 200 mln to Polish financial institutions with the funds to be used to roll over bonds that mature in April as well as to finance the future development of the company.

Slovaks take over Szczyrkowski ski resort

schedule 10 March 2014
Tomasz Szpyt-Grzegórski

POLAND Slovak-based Tatry Mountain Resorts has taken a 97 pct stake in the Szczyrkowski Ośrodek Narciarski ski resort, which owns 25 km of ski slopes. The acquisition was finalised on March 5th.

PBO Anioła in trouble

schedule 10 March 2014
Tomasz Szpyt-Grzegórski

POLAND ING Bank Śląski and Bank Millennium have terminated their loan agreements PBO Anioła and its subsidiaries.

Raven Russia with strong results

schedule 10 March 2014
Rafał Ostrowski
journalist

RUSSIA Warehouse developer Raven Russia has recorded a 37 pct y-o-y increase in net operating income for 2013, up from USD 135.6 mln in 2012 to USD 186.4 mln.

Investment & finance

Secure Property to buy 17,000 sqm logistics park in Bucharest

schedule 10 March 2014

ROMANIA Secure Property Development & Investment is to acquire the Innovations logistics park in Bucharest from Myrian Nes and Theandrion Estates.

Investment & finance

IVG snaps up Chmielna 25

schedule 10 March 2014

POLAND IVG Warsaw Investment Fund, managed by IVG Institutional Funds, has acquired the Chmielna 25 building from LHI.

Polski Holding Obronny sells out properties

schedule 07 March 2014
Tomasz Szpyt-Grzegórski

POLAND Polski Holding Obronny (PHO) is to sell an area of 4.7 ha near the Fort Wola shopping centre in Warsaw’s Wola district.

Warsaw land under the hammer

schedule 07 March 2014
Tomasz Szpyt-Grzegórski

POLAND Land owned by the Zakłady Graficzne Dom Słowa Polskiego printing house (which is currently in liquidation) has been put up for sale again.

Investment & finance

Griffin buys Jupiter

schedule 07 March 2014
Tomasz Szpyt-Grzegórski

POLAND The Jupiter shopping centre at ul. Towarowa 22 in Warsaw has changed hands.

Edition 4 (287) April 2024

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