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2019-09-23  09:55
CIJ Romania
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Company News

De Silva Residences invests €50m into Mamaia...

Real estate developer De Silva Residences has invested about €50m in the development of 1,000 apartments in Mamaia, a resort along Romania’s Black Sea coast. Apartment prices at Casa del Mar and First Residence start at €48,000 for a studio to €88,000 for a two-room unit. Prices differ depending on the floor, proximity to the sea and the amenities of the house. There is underground pa...
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2019-09-23  09:13
CIJEurope.com
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Project News

Plans for reconstruction and expansion of...

The owner of the Bila labut department store on Na Poříčí street in Prague 1 has had his plans for the building's reconstruction as well as new construction approved by monument preservation officials. Oldřich Petráček has been working with the architect Marek Tichý from the TaK studio for ten years on the plans, which include a new 7-storey office building and a new hotel. "...
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2019-09-23  09:00
CIJEurope.com
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Company News

Building permit in place for Czech BMW...

BMW Group Mobility Development has secured a construction permit in Sokolovska in the Karlove Vary region at a site where it plans to build an automobile testing center. The Czech government has promised investment incentives worth CZK 528 million for the center, which would include more than 100 km of roads and be used to develop and test BMW's new range of smart cars. The suppo...
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2019-09-23  08:16
CIJEurope.com
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Company News

Total office stock in Łódź to surpass...

The total office stock in Łódź is set to surpass 500,000 sqm in the second half of this year, placing the city almost on par with Katowice and Poznań, but behind Tricity, Wrocław and Kraków, according to Savills. By comparison, Warsaw has 5.54 million sqm of office space. At the end of June, Łódź’s office stock totaled 496,700 sqm, of which more than 40 percent was delivered since 201...
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2019-09-20  11:11
CIJEurope.com
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Construction

Construction associations question the...

Such is the level of demand for construction in the Czech Republic that the sector couldn't survive without an influx of at least some foreign workers. But Lidové noviny writes that there's growing concern over the quality of the finished product they leave behind. Petr Chovanec, chairman of the Czech Dry Construction union says the majority of foreign workers don't hav...
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2019-09-20  10:13
CIJ Serbia
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Company News

Ritz Carlton resort to open along...

Northstar and Marriott are planning to develop a Ritz Carlton resort along the Montenegrin coast in Herceg Novi. Resort Ritz Carlton Montenegro will include 300 accommodation units, including 120 hotel units and 180 apartments. The first stage, scheduled for completion in summer 2023, will feature a hotel, 113 apartments, 13 villas and four restaurants. The total value of the investme...
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2019-09-20  09:51
CIJ Serbia
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Company News

Enlight opens €189m wind farm in Serbia

A new 104.5 MW wind farm installed with 38 generators has opened in Kovacica, northern Serbia. The biggest wind farm in the country is expected to produce 300 GWh annually, providing electricity to 68,000 households and lowering carbon dioxide levels. More than 40 km of roads have been constructed and reconstructed for the needs of this facility. Israeli investor Enlight poured €189m ...
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2019-09-20  09:46
CIJ Serbia
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Project News

Serbian government to invest in Belgrade subway

The Serbian government is planning to invest into the development of the Belgrade subway. “The construction of two subway lines in Belgrade is one of the largest infrastructure projects in Serbia and certainly the largest infrastructure project in the modern history of Belgrade. That is why we decided that the Government of Serbia would choose a special financial advisor for this proj...
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2019-09-20  09:39
CIJ Serbia
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Company News

Bulgartransgaz signs €1.1bn pipeline...

Bulgaria's gas operator Bulgartransgaz signed a €1.1bn contract with Saudi-led consortium Arkad to extended Gazprom’s TurkStream pipeline toward Serbia. The deal includes project design and development as well as delivery of materials and launching the operations. The project is expected to take 615 days to complete. Bulgartransgaz would supply gas to Serbia, Hungary and Austria ...
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2019-09-20  09:35
CIJ Romania
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Company News

Commons opening coworking space at Victoria...

Commons will open a 1,200 sqm coworking space at Victoria Business Park in Bucharest’s Baneasa neighborhood next month. The complex is owned by Immofinanz. This will be the Commons’ third coworking space in Bucharest. Its other two spaces currently house more than 250 members. These include companies like Flixbus, Glami, VICE, Avison Young, Plannable, Typing DNA, Lummetry, Founders Fa...
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