The construction and development group Metrostav is buying the South Bohemian company Reno Šumava, which operates three quarries in South Bohemia and has its own construction company. The merger is currently being assessed by the Office for the Protection of Competition (ÚOHS), writes local daily e15.cz. 

The first-ever euro-based share issuance on the Budapest Stock Exchange has successfully been concluded. Through an initial public offering (IPO), Shopper Park Plus raised a total of €37.2 million in capital, placing its shares into the BSE Premium Category. The company manages a significant retail real estate portfolio in the region, comprising 18 units. It aims to become the owner and operator of the biggest shopping park in the region in the medium term, and going public could do a lot to help it achieve this goal.

CPI Property Group has signed an agreement about selling two companies which own and operate resort hotels on the island of Hvar in Croatia. The agreement concerns the disposal of Sunčani Hvar Hotels, the company announced. The full purchase price has been deposited with an escrow agent, but the amount of the price was not specified.  

Globalworth has been granted significant funding in the form of a €145 million bank loan for three flagship properties in Warsaw.

Bank Pekao, in collaboration with Berlin Hyp AG granted a €125 million investment loan to Promenada Shopping Mall. Pekao is also acting as the Loan and Security Agent for the transaction.

Penta Real Estate has acquired unused land in Florence from České dráhy for CZK 234 million (€9.565 million). A new district is to be built on the brownfield site near the main thoroughfare, which will seamlessly connect to two buildings near Masaryk railway station, newstream.cz reports.

Romanian developer Forty Management has announced a new partnership with Crystal Lagoons to develop man-made lagoons in seven new cities across Europe (Rome, Milan, Toulouse and Seville), with three more to be announced next.

The European Bank for Reconstruction and Development (EBRD) is boosting the development of green commercial real estate in the Western Balkans, with a debt package of up to €100 million to be used by BIG CEE for the company’s regional expansion.

Erste Group Bank AG has granted a new loan to Cavatina Holding S.A., this time for the realization of Cavatina’s flagship project in Wroclaw. The financing, which was initiated back in October, will ultimately provide the Polish developer with funds for refinancing the costs of the Quorum D office building (up to €25 million) and for further financing of the Quorum A construction (up to €20 million), as well as an additional €3 million to cover VAT. The multifunctional Quorum complex, rising on the banks of the Oder River, is the largest project of its kind in the city.

The Ostrava-based construction company HSF System has formed a holding structure that includes a total of 26 companies. The new holding company, with sales exceeding CZK 3 billion (€122.2 million), is called Purposia Group. The main reasons for establishing the holding company are to increase efficiency and further expansion plans, HSF System announced.