Union Investment to buy andel’s Hotel

Union Investment Real Estate GmbH has acquired four-star andel’s Berlin Hotel from Vienna International, a subsidiary of WSE-listed Warimpex Finanz- und Beteiligungs AG. The purchase price is some €105 million, a press release read.

Locked content €813 mln in real estate deals struck in H1

The Czech Republic leads the CEE region with €1.2 billion of finalized investment transactions, followed by Poland with a total volume of €813 million. According to international advisory firm JLL, the total real estate investment volumes in H1 2015 reached approximately €2.55 billion in Central and...

Locked content PSE is a new tenant of Eurocentrum

Polskie Sieci Elektroenergetyczne (PSE) has signed a lease for around 6,300 sqm in the Delta building of the Eurocentrum Office Complex in Warsaw. The Capital Park Group, the owner of the building, was represented in the transaction by the global real estate services firm, Cushman & Wakefield. P...

Locked content B&B Hotels may be put on sale

Private equity fund Carlyle, which is the owner of budget hotel chain B&B Hotels is mulling a sale of the business, Reuters reported on Friday. Carlyle is the 300-hotel chain’s main shareholder with a 80 percent stake, which it acquired in 2010 for around €480 million. The fund is also con...

Locked content Retail market – big agglomerations on the rise

As many as 590,000 sqm of modern retail stock is currently under construction, 252,000 sqm of which will be delivered in the largest agglomerations, according to international advisory company JLL. “At the end of Q2 2015 modern retail stock in Poland totaled 12.54 million sqm consisting of 8.96 mill...

Locked content BGK: 23,297 flats acquired under MdM program

As many as 23,297 apartments and houses were purchased under the government mortgage subsidy program, Apartment for Youth (MdM), in the last 18 months. State-owned lender BGK announced that PLN 296 million of the PLN 715 million earmarked for 2015 has already been granted to finance 12,757 applicati...