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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.

Investment & finance

Profit and revenue up for LPP

schedule 26 August 2013
Aneta Cichla

POLAND Clothes retail group LPP has published its consolidated report for H1 2013.

LC Corp improves semi-annual profits

schedule 26 August 2013
Aneta Cichla

POLAND After the first six months of the year, LC Corp’s sales revenue increased to PLN 96.8 mln from PLN 60.4 mln in the same period last year.

Investment & finance

Atrium strengthens its hand in Poland

schedule 23 August 2013
Aneta Cichla

POLAND The finalisation of the purchase of Galeria Dominikańska in Wrocław, which is planned for Q3, will increase the share of Polish assets in the portfolio of Atrium European Real Estate to 50 pct.

Loss for Plaza Centers

schedule 23 August 2013

CEE REGION Plaza Centers recorded a loss in H1 2013 of EUR 81 mln, having made a loss of EUR 10 mln in H1 2012.

Poland heading for record investment volume

schedule 23 August 2013
Rafał Ostrowski
journalist

POLAND The annual investment transaction volume is likely to reach the highest level since 2006, according to the latest report from Savills.

Bulgarian McDonald’s changes hands

schedule 22 August 2013
Rafał Ostrowski
journalist

BULGARIA The Bulgarian franchise of restaurant chain McDonald’s has a new owner, according to Econ.bg.

Investment & finance

IVG shielded from creditors

schedule 22 August 2013

EUROPE IVG Immobilien’s application for creditor protection has been granted by a court in Bonn.

Griffin Group appeals against Tsarist barracks expropriation

schedule 21 August 2013
Aneta Cichla

POLAND Griffin Group has appealed against the ruling of the district court in Warsaw to remove the company’s perpetual usufruct right to site of the former Tsarist barracks on ul. 29 Listopada next to Łazienki Park.

Dragon increases shareholding in Henryland

schedule 21 August 2013
Rafał Ostrowski
journalist

UKRAINE Dragon Capital Investments has acquired East Capital’s 50.45 pct stake in Henryland Group’s for USD 13.77 mln.

Immofinanz to pay dividend

schedule 21 August 2013
Rafał Ostrowski
journalist

EUROPE Immofinanz Group is planning to pay a EUR 0.15 dividend per share despite a 59.1 drop in profits for the financial year 2012/2013.

Investment & finance

IVG seeks creditor protection

schedule 21 August 2013
Nathan North
deputy editor

EUROPE German real estate investor IVG Immobilien is to apply to the district court in Bonn to open protective shield proceedings to allow the company to restructure itself through self-administration.

Most expensive industrial land in Warsaw

schedule 20 August 2013

POLAND The average price for industrial investment land is currently around PLN 130–160 per sqm, according to a report by Axi Immo.

Investment & finance

TUP changes tack and becomes Alta

schedule 19 August 2013
Aneta Cichla

POLAND TUP has announced a new strategy to focus exclusively on the construction of Siewierz Jeziorna in Siewierz (Silesia) – a project to develop a sustainable town district.

Investment & finance

“Buyer found” for Fashion Arena Outlet Centre

schedule 19 August 2013
Nathan North
deputy editor

CZECH REPUBLIC A buyer has been found for the Fashion Arena Outlet Centre in Prague, according to the ‘Hospodářské noviny’ newspaper.

Investment & finance

Sjælsø declared bankrupt

schedule 19 August 2013
Nathan North
deputy editor

EUROPE Danish developer Sjælsø Gruppen has been declared bankrupt after efforts to restructure the heavily indebted company were terminated.

Investment & finance

LC Corp to buy RB Finance Expert

schedule 14 August 2013
Aneta Cichla

POLAND Warsaw Stock Exchange listed company LC Corp is to buy a 100 pct stake in RB Finance Expert from LC Corp BV of Amsterdam (the largest shareholder of LC Corp and controlled by Leszek Czarnecki).

Profits increasing for AFI

schedule 14 August 2013

CEE REGION AFI Properties has registered an income for the first half of EUR 51 mln, up by 32 pct on the same period of 2012. Over the period the company’s operating income reached EUR 32.3 mln, up by 47 pct.

Edition 4 (287) April 2024

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