Property group NEPI Rockcastle has raised the equivalent of €143 million equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for 2022, while also completing a secured green financing of €200 million for a 5-year term with Erste Group Bank and Raiffeisen Bank.
Real estate investor and asset manager Adventum Fund Management's IPO is planned to take place before the end of 2023, Bloomberg reports. This could be the first IPO denominated in euros within the Budapest Stock Exchange (BSE).
Marius Persenea, COO of Romanian developer Iulius, spoke with Property Forum about the macroeconomic picture of the country going into 2023 and the potential of regional cities to attract property investments on the medium and long term.
Estonia-based Bidrento, a start-up company that automates the management of rental properties, has secured €800,000 in a follow-up funding round to speed up the expansion to Poland.
Subsequent to the shareholders' decision in June 2021 to increase the company’s capital, GTC offered 55,000,000 O-series bearer shares. On the back of strong demand, the company eventually sold as many as 88,700,000 shares at PLN 6.40 per share, raising new capital of approx. €123 million.
Péter Számely, Head of Real Estate Finance Department at Austrian mortgage bank HYPO NOE talked to Property Forum about the funding of COVID-resistant property assets and the growth potential of markets in Central and Eastern Europe.
Hungarian developer Infogroup has closed a successful bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. During the rating procedure, the group was assigned BB- and the bond was rated BB. The funds raised through the bond issue will be used to carry out industrial property projects.
Romanian real estate developer One United Properties has announced a capital increase of up to €70 million. Following the General Meeting of Shareholders on 28 September, the capital increase was approved at a €380 million pre-money valuation and up to €450 million post-money valuation.
spaceOS has announced a new capital raise totalling €2.5 million. The latest funding comes after Austrian commercial real estate group Immofinanz took a €2 million stake in spaceOS, further strengthening the firms’ partnership, following a deal in December to roll-out the spaceOS platform across the group’s entire portfolio. Existing investors BeyondBuild also contributed an additional €0.5 million to this funding round.
New Work, a CEE-based flexible office space provider, launches its Series C capital increase. Its business focus will be on the development of services that address the challenges of the COVID-19 pandemic.
The Change Lingerie brand opened its first shop in the Factory Gliwice outlet centre. The store occupies an area of approximately 100 sqm in the facility.
Another eobuwie.pl shop with a Modivo zone has opened in Pasaż Grunwaldzki in Wrocław. The new outlet occupies an area of 300 sqm.
Three new tenants have joined the ranks of the tenants of Bydgoszcz's CH Rondo retail centre. Gudi Home, Pink Box and Piekarnia Grochola Prawdziwy Chleb have signed agreements for premises with a total area of nearly 1,700 sqm.
New appointments
Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.
Daniel Rutkowski joined Walter Herz Investment Advisory Department, currently consisting of six people, and took the position of Development Manager. He will be responsible for searching for and acquiring investment projects, developing investment potential analysis and building the value of real estate.
Dariusz Proniewicz has joined MDC2's team of experts to take on the position of Development Director BTS, with responsibility for the development of BTS investments.
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