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2019-06-25  10:38
CIJ Romania
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Company News

Connecting with consumers - a key driver

One of the major drivers for retail success is connecting with consumers, speakers at CEDER agreed. Today's technology and social media tools have made this easier and despite the rise of e-commerce, traffic has increased in shopping malls by 3.2% yoy. "The model is changing, it's not just about bricks and mortar. The focus is on attracting visitors and being in touch w...
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2019-06-25  09:07
CIJEurope.com
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Company News

Křetínský and Tkáč acquire additional 5.4%...

The Czech-based investment group EP Global Commerce (EPGC) has increased its stake in the German retail giant Metro by 5.4 percent, according to media reports. The group, owned by Daniel Křetínský and his Slovak partner Patrikem Tkáčem, exercised an option for the shares it had agreed previously with the electronics retailer Ceconomy. Ceconomy still has a one percent share in Metro, w...
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2019-06-25  08:50
CIJEurope.com
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Deals

CTP consolidates financing with record...

CTP has agreed with a consortium of three banks on a €1.9bn syndicated financing package for the industrial developer's Czech portfolio. It covers 2.7 million square meters spread among 200 buildings, with €1.6bn of refinancing along with a €269m in new financing that will be made available for projects to be completed in the next 18 months. "This deal secures our financing ...
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2019-06-25  08:41
CIJEurope.com
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Deals

Bühler Motor lease completes LiNK Hradec...

Bühler Motor has signed a lease agreement for 1,300 sqm of space at the LiNK Hradec Kralove logistics park. The deal means that the first joint project between the developer Linkcity and the investment and asset manager Cromwell Property Group is now full. Bühler Motor is a producer of small and medium-sized electromotors and pumps for the automobile, aeronautics and healthcare indust...
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2019-06-25  08:39
CIJEurope.com
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Project News

D3 to České Budějovice now 8km closer to...

The Czech Higway Authority (RSD) opened an 8.1 km section of the D3 motorway between Prague and České Budějovice, bringing completion of the long-delayed road another step closer to completion. Work on the motorway connecting Bošilec and Ševětín got underway in 2016 and cost CZK 1.24bn to complete, with 60 percent of the costs covered by European Union funds. Another 30 km of the D3 a...
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2019-06-24  11:16
CIJEurope.com
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Company News

Nexity starts apartment sales in 4th stage...

Nexity has started apartment sales in the fourth stage of its NextUrsus residential project in Warsaw. The project is located at Posagu 7 Panien Street and will offer 262 apartments. The flats will range in size from 20 sqm to 120 sqm and will come with the option to install the Nexity Smart apartment sytem. Prices start at PLN 6,300 per sqm. Completion is scheduled for the beginning ...
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2019-06-24  11:14
CIJEurope.com
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Company News

Echo Investment to develop Fuzja in Łódź

Echo Investment has started construction of Fuzja, a mixed-use project in Łódź. Located on Tymienieckiego Street, the scheme includes 20 buildings of which 14 buildings will be developed through the conversion of existing buildings on the site. Two residential properties with 274 apartments will be built in the first stage. They will offer flats ranging in size from 29 sqm to 111 sqm...
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2019-06-24  11:12
CIJ Romania
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Company News

Alin Burcea invests €7m in Lake Snagov...

The businessman Alin Burcea has invested €7m in a residential project on the shores of Lake Snagov. The project includes the construction of three apartment building with 78 apartments on 6,500 sqm plot of land. Prices for the apartment run between €45,000 and €140,000, depending on the size and location of the units. Prices include ground-level parking and common facilities of the co...
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2019-06-24  10:09
CIJ Romania
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Company News

Which are the major retail trends?

Around 190,000 sq m of shopping space is estimated for delivery this year in Romania, and 18% of the projects constitute extensions of existing complexes. According to CBRE, the demand is growing and the most sought-after shopping centers in the country are totally let. Location is not enough anymore when it comes to shopping centers, as Luiza Moraru, Head of Asset Services at CBRE ...
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2019-06-24  08:10
CIJEurope.com
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Project News

Board of Appeals rejects objections to...

J&T Real Estate has moved a step closer to the construction of Eurovea 2 in Bratislava after a Board of Appeal rejected objections to the 6-building project. The decision means that the zoning decision for the project will come into effect in the coming days. “We‘re pleased that the accuracy and legitimacy of our procedures have been confirmed. We are under the impression that var...
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