ARTICLES LABELLED WITH TAG Erste Group

The real estate fund Reico, part of the Austrian group Erste, is acquiring the Palladium Prague shopping centre. The Office for the Protection of Economic Competition has been assessing the transaction, reports E15.cz.

HB Reavis has completed a €510 million refinancing of Varso Place, its flagship Warsaw development, with two new banks joining the credit consortium. The financing increased by €35 million from the previous €475 million loan on improved terms.

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

Property developer Prime Kapital has secured an €85.5 million refinancing facility from Erste Group for Argeș Mall, which opened in April 2024.

Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.

The Slovak commercial real estate market experienced a record-breaking first half of 2025, with investment volumes exceeding €500 million. This figure surpasses the total transaction volume recorded in the entire year of 2024, confirms Cushman & Wakefield.

Panattoni has secured financing for the construction of the third and final hall at Panattoni Park Warsaw West. The €10.2 million loan was granted by Erste Group Bank AG.

Erste Group Bank AG and Banco Santander S.A. announced that they have entered into an agreement for Erste Group to acquire a 49% stake in Santander Bank Polska Group S.A. for PLN 584 per share (approximately €6.8 billion) and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych S.A. for approximately €0.2 billion from Santander Group. Together, this amounts to a total cash consideration of €7.0 billion.

President Donald Trump announced new import tariffs on all goods entering the US effective as of April 2, hitting equities, long term yields and CEE-based currencies. In response to these global tariffs, growth forecasts for 2025 and 2026 are being revised in the CEE, according to a report by Erste Group. 

As of December 20, 2024, the owner of Reico has changed. The new owner (shareholder) of Reico is Erste Asset Management GmbH.