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2019-07-23  13:08
CIJEurope.com
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Research

Czech investment market rebound could mean...

Despite repeated claims that the real estate market boom is nearing its end, volumes on the Czech investment market continue to hit new heights. Roughly €1.74bn in deals were completed during the first six months of 2019, a figure that Cushman & Wakefield claims proves that last year's overall decline was just a blip. The way looks clear at this juncture for the market's...
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2019-07-22  10:39
CIJEurope.com
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Research

First (tiny) drop in Czech flats prices...

The average price for a flat in Prague has fallen, slightly, for the first time since 2011. The Czech Statistics Office (CSU) writes that the average price for old and new units dropped a third of one percent for the first quarter of 2019. It's a minimal retreat, to be sure and it's not expected to lead to a major retreat in prices, writes the CSU. But it does suggest that p...
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2019-07-22  10:38
CIJEurope.com
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Politics

Pressure mounts to speed Prague's...

There's so much project documentation involved needed in the Czech Republic that when submitting materials for approval "we have to bring it to the construction office with a truck." Those are the words of Dušan Kunovský, director of the Czech residential developer Central Group. He was speaking with idnes.cz, which writes that despite the strong economic boom, the Czec...
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2019-07-22  10:12
CIJEurope.com
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Company News

Savills appointed property manager of...

Savills has been appointed property manager of Wrocław Business Garden. Once it's completed, project will offer 117,000 sqm of office space in nine buildings with a shared garden and a separate ground-level restaurant pavilion. The property is located in the Fabryczna district, near PKP Mikołajów railway station and the Magnolia Park shopping center. The complex has been awarded ...
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2019-07-22  10:11
CIJEurope.com
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Company News

Nieten to move into MLP Pruszków II

Nieten has leased 5,000 sqm at the MLP Pruszków II logistics park. The customs service provider will move into its new facility in November 2019. MLP Pruszków II is a logistics center located in Pruszków, 5 km from in the municipality of Brwinów near Warsaw. The project, which is being built on a 72 ha plot of land zoned for warehousing and light manufacturing, should eventually grow ...
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2019-07-22  09:11
CIJ Romania
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Company News

Forte Partners to develop mixed-use project...

Forte Partners is planning to build a mixed-use project in Bucharest’s Expozitiei area. The project will be developed on a 9,300 sqm plot and will include offices, services, retail, housing. The area is a hotspot for developers. Tiriac Holdings is building an office tower, while NIRO Group is investing €60m to build a hotel around Romexpo, the city’s biggest exhibition center.
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2019-07-19  10:37
CIJ Serbia
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Company News

M7 sells Aerozone Logistics Park in Budapest

JTRoss Group acquired Aerozone Logistics Park in Budapest from M7 Real Estate. The price of the deal was not disclosed. The property offers 50,000 sqm of logistics space across three main units as well as an additional 15,000 sqm of office. The logistics space is currently fully leased, while the office space is 75 percent leased. “We have now disposed of nine of the 21 assets in M7 C...
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2019-07-19  10:32
CIJ Serbia
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Company News

Plodine opens supermarket in Istria

Plodine opened a new supermarket along Croatia’s Istrian Peninsula. The property is located in Tar-Vabriga and is the retailer’s 87th supermarket in the country. Plodine invested €5m in the project. The new location will be staffed with 50 employees to start, with that number to increase during the summer season. The supermarket spreads over 2,000 sqm and includes a bar and a bakery. ...
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2019-07-19  09:57
CIJ Serbia
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Project News

Bulgaria choses French-German consortium to...

The Bulgarian government has selected a French-German consortium to operate the airport in Sofia. SofConnect includes Meridiam Eastern Europe Investments as well as the operator of the Munich Airport. Under the 35-year concession contract, SofConnect has agreed to build a third airport terminal, according to local media reports. The consortium is expected to invest €608m in the airpor...
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2019-07-19  09:50
CIJ Serbia
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Company News

Kostal to add new 750 jobs at North...

Kostal, which produces components for the automotive industry, is planning to add another 750 works to its Ohrid plant in North Macedonia over the next five years. By the end of 2025, the German company expects to employ a total of 1,150 people at the location, making it one of Kostal’s largest production facilities in Europe. The factory is on course to export about €300m worth of pr...
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