Coffee with Craig Show – daily CRE news covering the CEE region, Thursday, July 06, with Winston Norman, Editor and Chief of EuropaProperty.com.
Innova Capital invests in the Romanian-Belgian EMI Group
Innova Capital has acquired a 51 percent stake in EMI Group via a combination of partial buy-out and a €15 million capital increase. The new money will fund further add-on acquisitions aimed at solidifying the company’s position in existing markets and entering new countries
EMI Group provides industrial access maintenance services to logistics and industrial buildings, performing over 2,000 turn-key installation projects for over 1,500 clients annually.
“This collaborative approach will enable us to create a powerful European champion group. With our proven track record and the support of our strategic partners, we are confident in solidifying our position in existing markets and venturing into new ones,” said Jerome France, Founder and CEO of EMI.
Speedwell purchases new plot in Timișoara
SPEEDWELL has acquired a new land plot for the development of the company’s second mixed-use project in Timișoara. The plot will be further developed for residential, office, and commercial use.
”Timișoara is one of Romania’s most beautiful cities, a modern university city, with a convenient airport located just 15 minutes away from the new address,” said Didier Balcaen, CEO and Co-Founder of SPEEDWELL.
Reico secures €40 million investment loan from pbb
pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund Reico ČS Nemovitostní. The loan is for the office building Proximo II, located in the Wola district of Warsaw. The office park offers a gross lettable area of around 50,000 sqm and is almost fully let to a mix of international and national tenants.
Dieter Knittel, Head of CEE at pbb Deutsche Pfandbriefbank said: “Poland is an important market for pbb and we are looking forward to other transactions with Reico across all CEE real estate markets.”
M Park to replace three former ECHO retail centres
LCP Properties has begun the process of structuring its portfolio with the official launch of the M Park brand. LCP has selected 20 of its existing projects in Poland for changes. For three of them, previously operating under the Echo name – in Tarnów, Radom and Piotrków Trybunalski – the process has been completed.
“The decision to unify the portfolio is intended not only to improve its management but also to support leasing processes. This is because it is common knowledge that for a brand to be recognizable, it must be repeatable. And our goal is for M Park to take increasingly clear roots in the minds of tenants”, commented Magdalena Kowalewska, COO of LCP Properties in Poland.
