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2019-12-03  15:55
CIJ USA
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Deals

Grande Oasis at Carrollwood changes hands...

West Shore paid $121.8m for the Grande Oasis at Carrollwood apartment complex in Tampa. The seller was Crescent Real Estate. The 869-unit property spreads over a 76-acre site in 39 three-story buildings surrounding a seven-acre lake. Originally a 1,000-unit rental property, Grande Oasis at Carrollwood underwent a partial conversion process. As a result, 131 units became individually o...
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2019-12-03  15:53
CIJ USA
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Deals

Riverstone Capital buys West Palm Beach for...

Riverstone Capital Group has acquired a retail center anchored by a Walmart Neighborhood Market in West Palm Beach, Florida, for $19.6m . Totaling 112,364 sq ft, Shoppes of Forest Hill sits on an 11.9-acre site. Tenants include Advance Health Care, Florida Lottery, Tire Kingdom, Taco Bell, Boston Market, Rent-A-Center and Supercuts. JLL marketed the property on behalf of the seller, T...
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2019-12-03  10:40
CIJ Serbia
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Project News

Hungary to continue cooperation with Gazprom

Gazprom will continue to supply gas to Hungary, according to Minister of Foreign Affairs and Trade Peter Szijjarto, who recently met with Viktor Zubkov, chairman of Russia’s national gas company. “As Hungary has a vested interest in a long-term, predictable and reliable cooperation with Gazprom, it is prepared to launch talks on a new long-term gas supply agreement with the company,” ...
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2019-12-03  10:38
CIJEurope.com
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Deals

WOOD & Co. acquires The Greenline from...

WOOD & Company has acquired the 15,500 sqm office building The Greenline in Prague 4 from Karimpol International. Located in the heart of the Pankrac business district, the value of the deal has pushed the value of WOOD & Co.'s real estate portfolio to over €500m. The Greenline is home to tenants such as SCS Software, Huawei Technologies, Nordic Telecom 5G a Kia Motors Cz...
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2019-12-03  10:38
CIJ Serbia
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Project News

Parisi Udvar Hotel opens in Budapest

Mellow Mood Group has opened new hotel in central Budapest. The company invested more than HUF 13bn in the project, which was a renovation and reconstruction of the Parisi Udvar building. The Parisi Udvar Hotel offers 110 guest rooms and suites as well as a spa, fitness center, patisserie and meeting and event rooms. The project, Mellow Mood’s 12th in Budapest, was partially financed ...
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2019-12-03  09:59
CIJ Romania
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Company News

TC Capital selling Hyperion Towers in sections

In an effort to meet the growing needs of small and medium-sized companies, TC Capital will sell its class A office project Hyperion Towers in sections. Buyers can purchase a 200 sqm section for €720 per sqm. Located Bucharest’s Pipera area, the scheme offers 40,000 sqm in two buildings. TC Capital, an investment and property development company, was by Ali Capa, a former shareholder ...
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2019-12-03  09:46
CIJEurope.com
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Economy

Hypoteční banka raises mortgage rates 0.2...

Hypoteční banka has raised its mortgage rates 0.2 percent because of what it says are higher prices for money on the inter-bank market. The bank is one of the biggest mortgage lenders on the Czech market, but it's the only bank in the country that's raised its rates. The move comes after months of rate increases since the beginning of the year. The average interest rate in f...
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2019-12-03  09:44
CIJEurope.com
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Deals

C&W: Prague office yields fall to 4.3%

Yields from premium Prague office buildings currently range around 4.3 percent, with transactions involving the office sector making up a record-high 57 percent of the country's total. Cushman & Wakefield's Michal Sotak said the year's total volume of real estate transactions is on course to hit €3bn, which would be a 27 percent jump over 2018. Offices have made up ...
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2019-12-03  08:07
CIJEurope.com
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Company News

Elektromontaż leases 620 sqm at Principio in...

Elektromontaż Kraków has leased 620 sqm of office space at Principio in Kraków. The tenant was represented by Cresa Poland during the lease process, while the owner of the office building was represented by Knight Frank. Principio is located on Armii Krajowej street and includes two blocks totaling 11,000 sqm of leasable space. The investor is Eko-Park S.A., a member of the Zasada Gro...
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2019-12-02  10:48
Svoboda & Williams
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Company News

Svoboda & Williams Wins Best Local Real...

The Svoboda & Williams real estate agency won the Best Local Real Estate Agency category at the 19th CIJ Awards Czech Republic. The awards ceremony took place on November 28th at the Slovanský dům in Prague. The prestigious CIJ Awards Czech Republic are annually presented by the Roberts Publishing Media Group, s.r.o., a publisher of printed and online news covering real estate ...
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