ImmoEast, part of Immofinanz, is to raise its equity to €368m through a €192.7m capital hike to strengthen its presence in central Europe and the Baltics. “We want ImmoEast to be the clear number one among international investors in central and eastern Europe,” said Karl Petrikovics, Immofinanz’s chief executive.
ImmoEast is set to close a deal that would raise its stake in Prague office complex Pankrac House to 50% from 5%. Petrikovics is also looking at Polish retail and office projects. Apart from Poland, ImmoEast is pursuing big deals in the Czech Republic, Rumania, Hungary and smaller deals in Slovakia and the Baltic states.
