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TK Development sells shares

schedule 02 September 2013
Rafał Ostrowski
journalist

EUROPE TK Development has completed an offering of shares with pre-emptive rights for the company’s existing shareholders.

Investment & finance

Echo receives financing for Park Rozwoju

schedule 30 August 2013
Aneta Cichla

POLAND Bank Zachodni WBK has lent EUR 22.4 mln to Echo Investment for the construction of the first stage of the Park Rozwoju office complex on ul. Konstruktorska in Warsaw.

Echo profits double

schedule 30 August 2013
Aneta Cichla

POLAND The net profit of the Echo Investment Group has increased by over 200 pct to PLN 302 mln in H1 of this year compared to the same period of 2012.

J.W. Construction to market 6,000 apartments

schedule 30 August 2013

POLAND J.W. Construction has recorded a sales revenue of PLN 181.3 mln for H1 2013, representing a 17 pct increase on the corresponding period of 2012, while the company’s net profit came to PLN 5.1 mln with a gross sales margin of 21 pct.

Investment & finance

Financing for Promenady Zita

schedule 30 August 2013
Aneta Cichla

POLAND Finanse VD, a subsidiary of Vantage Development has granted a PLN 27 mln loan to Promenady Zita, an SPV company of the Vantage Development group.

Vistula issues bonds

schedule 30 August 2013
Aneta Cichla

POLAND In H1 of this year the Vistula capital group recorded sales revenue of PLN 185.8 mln.

Warimpex at a loss

schedule 30 August 2013
Rafał Ostrowski
journalist

EUROPE Real estate developer and investor Warimpex Finanz- und Beteiligungs has recorded a EUR 5.7 mln loss in the first six months of this year.

Orco sees revenues rise

schedule 30 August 2013

EUROPE Orco has announced an increase in its revenue to EUR 71 mln for H1 2013 on EUR 62 mln (with EUR 20 mln generated by sale of a retail plot in Bubny Prague).

Goodman sees profits rise

schedule 30 August 2013

WORLD Goodman Group has announced a profit of EUR 386 mln for the financial year ending of June 30th representing a 17 pct increase on the previous financial year.

Gazit increases stake in Atrium

schedule 29 August 2013
Nathan North
deputy editor

CEE REGION Israeli retail investor Gazit-Globe has entered into an agreement to purchase of 5.5 pct of the ordinary shares of Atrium European Real Estate from Delaware-based CPI CEE Management for EUR 87.8 mln.

Orco completes capital increase

schedule 29 August 2013
Nathan North
deputy editor

CEE REGION Orco Property Group has completed a reserved capital increase by issuing 6,666,667 new shares.

Investment & finance

O1 Properties buys Nahimovskiy offices

schedule 29 August 2013
Rafał Ostrowski
journalist

RUSSIA O1 Properties has bought the Nahimovskiy 58 (Нахимовский, 58) office building inMoscow, reports ‘Vedomosti’.

Strong results for LSR

schedule 29 August 2013
Rafał Ostrowski
journalist

RUSSIA LSR Group has recorded a 21 pct increase in sales revenue to RUB 27.5 bln in H1 this year, compared to RUB 22.68 bln in the first half of 2012.

Unibep doing better and better

schedule 29 August 2013
Aneta Cichla

POLAND Construction company Unibep has achieved a net sales revenue of PLN 413.8 mln, according to its financial results for H12013.

Investment & finance

Millhouse set to buy USD 800 mln business centre

schedule 28 August 2013
Rafał Ostrowski
journalist

RUSSIA Millhouse, which is owned by Russian oligarch Roman Abramovich, is reported to be in talks to acquire the Belye Sady (Белые сады) business centre in Moscow for almost USD 800 mln, according to Vedomosti.

Solid H1 for CA Immo

schedule 28 August 2013

EUROPE CA Immo has announced an increase in net income of 37 pct in its interim results for the first half of 2013.

Investment & finance

Rank Progress pulls out of Galeria Świdnicka sale

schedule 28 August 2013
Aneta Cichla

POLAND Rank Progress has terminated its preliminary agreement for the sale of the Galeria Świdnicka shopping centre in Świdnica to Elsoria Polska, which the two companies signed in March.

Investment & finance

AirportCity refinanced

schedule 27 August 2013
Rafał Ostrowski
journalist

RUSSIA Avielen, a joint venture set up by Warimpex, CA Immo and UBM, has received EUR 60 mln in refinancing for its mixed-use AirportCity project in St Petersburg.

Rank Progress obtains additional PLN 19 mln

schedule 26 August 2013
Aneta Cichla

POLAND Progress XI, a subsidiary of Rank Progress, has signed an annexe to a loan agreement with BRE Bank.

Redan sees growth

schedule 26 August 2013

POLAND Redan group generated revenue of PLN 210.2 mln in H1 2013 – a 7.9 pct improvement on the same period last year.

Edition 4 (287) April 2024

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