Europa Capital LLP, on behalf of Europa Fund II, and ConvergenCE have concluded a significant new loan to refinance Eiffel Square in central Pest, with pbb Deutsche Pfandbriefbank. The EUR 33 million refinancing from pbb Deutsche Pfandbriefbank closed at the end of 2013.
ConvergenCE has carried out the task of monitoring the Poznan City Center development process. ConvergenCE was appointed for the project monitoring task by Europa Capital for the extensive professional experience it possesses. As the investors’ representative, the main tasks were reporting on compliance of construction with quality and professional standards, monitoring procurement, checking evidence of … Read more
With real estate investment transactions for 2012 totaling only €120 million and new supply of commercial real estate 75% or more down on historic levels for 2013 and 2014, it is clear that not only has there been a dramatic and necessary response to the oversupply of commercial space but that the availability of domestic … Read more
When vacancy rates for most real estate sectors remain stubbornly high and the prospects of oversupply continuing for years to come present a gloomy outlook for owners of all except the best property, what can be done? Many building owners seem to hope for the best as far as keeping existing tenants is concerned and … Read more
Europa Fund III, as the majority investor in one of Poland’s biggest shopping center developments, the Poznan Glowny City Center, appointed ConvergenCE to monitor the construction of the project. ConvergenCE’s role is reporting on compliance of construction with quality and professional standards, monitoring procurement, checking evidence of permits, licences, reviewing and monitoring project schedules, specifications, … Read more
