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2017-11-21  10:39
CIJ Journal
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Company News

German discount grocers thriving in Czech...

German grocery discounter Norma's profits grew last year by 25 percent to CZK 37m in the Czech Republic, while profits jumped 4 percent to CZK 1.7bn. The retailer, which opened its first Czech store in 1992 and now has 47 locations, said it is expecting this upward trend to continue in the coming year. Norma isn't the only German discount retailer doing well in the Cze...
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2017-11-21  10:23
CIJ Europe
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Company News

Wilsons winner of the ‘2018 International...

Wilsons has won the 2018 International Advisory Experts Award. Wilsons, the Prague-based independent law company with a young and dynamic team of experienced lawyers, has been named the ‘Real Estate Lawyer of the Year in the Czech Republic’. Wilsons will add the latest trophy to other recent achievements, including the ´Real Estate Law Firm of the Year – Czech Republic´ prize from ...
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2017-11-20  15:31
CIJ USA
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Deals

Starwood buys Bass Pro Shops stores in...

Starwood Property Trust, based in Greenwich, Connecticut, has closed on a sale and leaseback deal with Bass Pro Shops Outdoor World in a $28.6 million transaction. The Springfield, Missouri-based retailer opened the 130,00 square foot store at 10501 Palm River Road in Brandon in July 2015. According to the Tampa Bay Times, Starwood Property Trust acquired two additional Bass Pro Shops...
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2017-11-20  15:29
CIJ USA
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Project News

Affordable apartments underway in $190m...

Construction has started on a mixed-income apartment complex in Cambridge, Mass. backed by joint venture partners Twining Properties and Mass Prim. The $190 million project will includes a 308,000 square foot building with 308 mixed-income apartments along with 17,000 sqf of retail space. Located at the intersection of Mass Avenue and Main Street in Central Square, Mass+Main, the six-...
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2017-11-20  15:27
CIJ USA
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Deals

Lloyd Jones pays nearly $41m for 282...

A Jacksonville apartment complex inside the Deerwood Office Park has sold to Miami-based rental property and investment firm Lloyd Jones Capital for $40.8 million. Located at 4435 Touchton Road, the 282-unit Deerwood Park complex changed hands for just over $144,680 per residence. The purchase marks the third acquisition for the firm in Jacksonville, having already acquired The Meetin...
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2017-11-20  15:19
CIJ USA
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Appointments

Mugler makes VP at CBRE|Hampton Roads

CBRE|Hampton Roads has promoted Pat Mugler to vice president effective immediately. Mugler has been with CBRE|Hampton Roads for more than 25 years where in addition to leasing, Mugler has participated in numerous sale transactions throughout the Hampton Roads region. A graduate of the University of Virginia, Mugler has twice been awarded the "Hunter A. Hogan Award" for bein...
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2017-11-20  11:49
Crest Communications
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Project News

TK Development launches construction of the...

TK Development, a real estate development company, has received a construction permit for building Outlet Arena Moravia. It will rise in the vicinity of the center of Ostrava, lying immediately adjacent to the D1 Motorway, on a vacant lot in Hlucinska Street (in proximity of two traffic arteries, with approximately 60,000 vehicles passing every day). Construction works are beginning t...
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2017-11-20  10:57
CIJEurope.com
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Appointments

Rafał Kwiatkowski named one of most...

Rafał Kwiatkowski, chief operations officer and a member of the board at Echo Polska Properties, has been named as one of the most recognizable and influential general counsels in the CEE region by GC Powerlist. Kwiatkowski is a seasoned legal counsel with many years of experience in real estate and compliance. At EPP, he supervises the legal department as well as the company’s acquis...
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2017-11-20  10:39
CIJ Europe
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Company News

Grand Tower wins big at European Property...

Grand Tower, currently underway in Frankfurt by gsp Städtebau, won a trio of prizes at this year’s European Property Awards ceremony in London. At a height of 172 meters, the project, designed by Magnus Kaminiarz & Cie. Architektur, is set to become the tallest residential skyscraper in Germany. Grand Tower took first place in three categories: Best Residential High-Rise Architect...
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2017-11-20  10:30
CIJEurope.com
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Company News

SMG opens bumper plant in Kecskemét

Samvardhana Motherson Group (SMG), an Indian supplier for the automotive industry, has opened a bumper plant in Kecskemét, central Hungary. The company secured a HUF 7.7bn government grant for the project.The facility will supply the German carmaker Daimlerʼs plant in the city and will create 450 jobs. This is not the company’s first investment in Hungary. SMR Automotive Mirror Techno...
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