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2019-11-20  10:02
CIJ Romania
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Company News

Skanska to sell last two Campus 6 office...

In a deal estimated at €100m, Skanska is in talks to sell the last two buildings in its Campus 6 office project in Bucharest. Shikun & Binui and another potential buyer, whose name has not been disclosed, are currently negotiating with the Swedish developer, according to local news reports. Campus 6.2 and Campus 6.3 are currently under construction. Completion is scheduled for the...
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2019-11-20  09:49
CIJ Serbia
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Project News

MB Holding opens geothermal power plant in...

MB Holding opened a geothermal power plant in Ciglena near Bjelovar. The Turkish company invested €43.7m in the project, 68 percent of which went toward services and equipment produced in Croatia. This is the first geothermal power plant in Croatia and the largest in continental Europe. It is expected to power about 29,000 households. Environment and Energy Minister Tomislav Coric and...
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2019-11-20  09:39
CIJ Serbia
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Company News

Delta Holding to build new business facility...

Delta Holding is planning to break ground next month on a new business facility in Belgrade. Delta House will offer 11,514 sqm of leasable space as well as parking for 188 vehicles. Delta will occupy the top three floors of the building. The scheme, designed by Ami Mur, will also include a ground-floor restaurant, gym and relaxation area. The investment is valued at €40m. Completion i...
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2019-11-20  09:37
CIJ Serbia
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Company News

UniCredit Bank sold loan portfolio in Bulgaria

UniCredit sold the loan portfolio of its Bulgarian subsidiary, UniCredit Bulbank, in a deal worth €50m. The sale, which includes secured and unsecured non-performing loans, is in line with UniCredit Group's strategy to reduce poor quality exposures. The transaction is expected to close in the fourth quarter. UniCredit reached the agreement with APS and Balbec Capital, the bank sa...
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2019-11-20  09:32
CIJ Serbia
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Project News

Mozura wind farm opens in Montenegro

Enemalta, in partnership with Malta Montenegro Wind Park, has opened the Mozura 46MW wind farm in Montenegro's Ulcinj municipality. The investment is valued at €90m. The farm includes 23 turbines, which are expected to produce 120 GWh of electricity per year. “It took three years to build this megaproject. The project is spreading on 8.5 km of newly constructed roads. The challen...
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2019-11-20  09:28
CIJ Serbia
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Construction

Rasiyat to build recreational complex near...

Rasiyat is planning to develop a recreational complex and a shopping center in Zenica, near Sarajevo. The United Arab Emirates-based company signed a memorandum of understanding with town officials three months ago regarding the scope of the project. Construction is expected to start soon. No other details were disclosed. “We believe that the strategic location and its potential are h...
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2019-11-20  08:15
CIJEurope.com
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Company News

Nissin Logistics leases 18,295 sqm at...

Nissin Logistics has leased 18,295 sqm of warehouse space at Panattoni Park Bydgoszcz II. It is already the second tenant for the project, which will be delivered in Q1 2020. “The leases signed to take up space at the upcoming park point to the growing interest in this region and the increasing demand for modern class A warehouse space,” said Dorota Jagodzinska-Sasson, managing direct...
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2019-11-20  08:14
CIJEurope.com
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Company News

Poland’s total retail stock tops 15 million...

Poland’s total retail stock topped 15 million sqm at the end of the third quarter of this year, according to Cushman & Wakefield. The high shopping center density rate in the country’s large cities has shifted developer interest towards the less saturated markets of smaller cities and other retail formats such as mixed-use schemes. By the end of Q3, new retail supply amounted to 4...
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2019-11-19  16:50
CIJ USA
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Company News

Thor Equities lands $92m refinancing of...

Thor Equities Group has locked up a $92.2 million refinancing of 180 Livingston Street in Brooklyn, New York. The six-story mixed use 267,226 sqf asset was acquired by Thor Equities in 2015. Notable tenants include the New York City Transit Authority, Helen Keller Services, Brooklyn Defender Services, The New York Foundling Hospital, Tiny Steps, and Dallas BBQ. The funding was provide...
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2019-11-19  16:48
CIJ USA
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Deals

Boston Residential closes on Boston...

Boston Residential Group has closed on the off market $12.7 million purchase of 55 India Street. Located on Boston's Rose Fitzgerald Kennedy Greenway, the property is one of the last empty developable sites on the Greenway. The firm plans a $70 million, 12-story condominium tower featuring 29 units. The 71,000 square foot building will include a green roof, restaurant and ground ...
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