Orco Property Group, the Luxembourg-based real estate developer, plans to list on the stock exchanges in Budapest and Warsaw in early 2007. Orco has been active as an investor, developer and asset manager in Central Europe since the early 1990s. It manages assets valued at EUR 737 mln. The company is already listed on Euronext and the Prague Stock Exchange.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
