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2019-06-25  16:47
CIJ USA
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Deals

Park Hotels & Resorts disposes of three...

Park Hotels & Resorts, based in Tysons, VA, has sold off three non core domestic assets for a combined $166.0 million. The three properties includes the 507-room Hilton Atlanta Airport in Atlanta, Georgia, the 317 room Hilton New Orleans Airport and the 274 room Embassy Suites Parsippany in Parsippany, New Jersey. When adjusted for Park’s anticipated capital expenditures of $50.5 ...
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2019-06-25  13:04
CIJEurope.com
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Company News

Sagittarius Business House receives BREEAM...

Sagittarius Business House, an office building in Sucha Street in Wrocław, has received the BREEAM International New Construction certificate with an Excellent rating. Sagittarius Business House is a Class A office building and offers 25,000 sqm of total usable area. Cushman & Wakefield is the property manager on behalf of German-based Warburg-HIH Invest Real Estate, the owner of ...
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2019-06-25  13:02
CIJEurope.com
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Company News

M7 Real Estate extends cooperation with Savills

M7 Real Estate has appointed real estate services firm Savills as property manager for its recent office acquisitions: Green Park, Mazovia Plaza and Delta 44, thereby extending its cooperation with the advisor. Green Park is a complex of eight office buildings with a total area of 25,000 sqm in Katowice. Mazovia Plaza, located in Warsaw’s Praga district, is an historic eight-storey bu...
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2019-06-25  13:01
CIJEurope.com
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Appointments

Karol Pańczyk appointed Associate Director...

Karol Pańczyk has been appointed to Associate Director in Cushman & Wakefield’s Global Technology Solutions team. Karol has worked for Cushman & Wakefield since 2013 and was recently responsible for the roll-out of the property management platform ERP – YARDI for clients worldwide. He was also in charge of its implementation, development and technical support for the firm’s As...
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2019-06-25  12:59
CIJEurope.com
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Company News

SEGRO acquires 7R Park Wrocław in Biskupice

SEGRO, acting on behalf of SELP, has completed the purchase of 7R Park Wrocław in Biskupice, Lower Silesia. The logistics park comprises 24,000 sqm of modern warehouse and manufacturing space and will be named SEGRO Industrial Park Wrocław 2. It is the second park of the developer in the region, next to SEGRO Industrial Park Wrocław 1, which offers 24,000 sqm of fully leased space wit...
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2019-06-25  11:51
CIJ Serbia
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Company News

Hungarian investor Indotek buys Hotel...

Danubius Hotels Group has sold Hotel Gellert in Budapest to the real estate investor Indotek Group. The deal is expected to be completed in the coming months as several legal and administrative issues will have to be arranged. Indotek is planning to complete the reconstruction of the historically protected building while keeping the building open for operations. Indotek also expects t...
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2019-06-25  11:47
CIJ Serbia
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Company News

RSM Hungary to move its headquarters to Vaci...

The advisory and tax company RSM Hungary will move its headquarters to Balance Hall, CPI Group's office project on Vaci ut in Budapest. The 2,000 sqm lease agreement takes effect when the company moves in during December. The real estate broker Eston International was the advisor for this new location. "Our most important aim was finding a new home, where the well-being of e...
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2019-06-25  11:41
CIJ Serbia
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Company News

Thyssenkrupp expands automotive business in...

Thyssenkrupp has decided to build a new auto components plant in Pecs, in the southwest of Hungary. The €50m investment will result in a facility for the production of valves and electric motor components, with construction scheduled to begin in September. Company officials expect the plant to begin producing at the end of 2020 and that as many as 200 people will be employed there. &q...
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2019-06-25  11:36
CIJ Serbia
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Economy

Montenegrin GDP grows 3% in Q1 2019

In Q1 2019 Montenegrin GDP increased by 3 percent compared to the first three months of 2018. According to official government data GDP in absolute terms reached €876.5m. The country's state statistics institute Monstat wrote that the growth was based on increased investments, improved tax and customs duties collection. The biggest gain from a sector standpoint, it wrote was tour...
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2019-06-25  11:31
CIJ Serbia
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Project News

Project for Montenegrin...

The Montenegrin cabinet has approved a 4-star condominium project development in Kolasin that's been proposed under the auspices of the country's citizenship through investment program. The developer, Kolasin Resort & Spa (also the name of the project company) is expected to make a €11.3m investment in order to complete the hotel, which will offer 93 units and a total of...
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