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2019-10-23  08:36
CIJEurope.com
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Company News

Edison Energia leases 400 sqm at University...

Edison Energia has leased 400 sqm of office space at University Business Center I in Warsaw. The company, a solar panel producer, was represented by Biuro na Miarę during the lease process, while Knight Frank advised the landlord. The eight-story office building, totaling 11,000 sqm of space, is located at the junction of Szturmowa and Taminy streets in the capital. The property is ow...
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2019-10-22  16:15
CIJ USA
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Project News

Watercrest, United Properties complete...

Watercrest Senior Living Group and United Properties have completed their latest senior living project in Naples, Florida. Watercrest Naples Assisted Living and Memory Care is a three-story, 128-unit facility. It houses 96 assisted-living and 32 memory-care units. Common amenities include a pool, salon, spa and restaurant-style dining, wellness programs and transportation services. Wa...
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2019-10-22  16:13
CIJ USA
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Deals

Fairstead pays $75.5m for affordable housing...

Fairstead Affordable has paid $75.5m for two affordable housing apartment buildings in New York City's Harlem neighborhood. Built in 1940, the buildings offer a total of 214 units. The assets’ floor plans include studio and one- through three-bedroom layouts. A HUD Project Based Section 8 contract and HPD Article 11 regulatory agreement will keep the multifamily portfolio afforda...
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2019-10-22  16:11
CIJ USA
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Deals

Magnetar Capital buys 5,300 acres from...

Magnetar Capital bought 5,300 acres from Consolidated-Tomoka Land Company for $97m. Magnetar Capital will also take over land parcels that Consolidated-Tomoka currently has under contract. Magnetar Capital paid just over $17,547 per acre. Consolidated-Tomoka will use the proceeds from the deal in 1031 like-kind exchange transactions executed during the third quarter of 2019 and future...
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2019-10-22  11:01
CIJEurope.com
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Company News

Primark looking at two more stores in Czechia

Primark's shop in central Prague is just the first step in the company's expansion into the Czech Republic. Hospodářské noviny writes that Brno residents will no longer have to drive all the way to Vienna to pick up cheap clothing, as the Irish fashion chain is looking for space in one of the city's shopping centers. HN claims to have reliable information that discussio...
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2019-10-22  10:59
CIJEurope.com
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Research

Deloitte: No let up in Czech residential...

Residential prices in the Czech Republic rose 10 percent over the last year to an average price of CZK 60,700, according to Deloitte. Together with the website cenovamapa.cz, the consultancy reports that while prices in the center of Prague can reach CZK 150,000 per square meter, Prague 1 is also the only district where prices exceed CZK 100,000. Usti nad Labem is at the other end of ...
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2019-10-22  10:41
CIJEurope.com
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Project News

Zeitgeist expecting building permit for...

Zeitgeist Asset Management is currently waiting for a building permit for its reconstruction of Palac Dunaj, a building in central Prague it bought from Eurovia in 2017. At the time of the sale, the investor was unsure what use it would be put to, writes Lidove noviny, but its director Peter Noack now says that it will provide office space. "It's a beautiful historic buildin...
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2019-10-22  10:39
CIJEurope.com
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Politics

Bratislava mayor spearheads drive to build...

With prices of flats growing beyond the ability of Slovakia's middle class to buy them, there's increasing demand for rental apartments. Bratislava's mayor Matuš Vallo admits the city has fallen behind on the creation of new municipally owned apartments. "At the moment we have 593 people interested in a flat," he said. "As a rule, they have to wait six to...
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2019-10-22  09:38
CIJ Serbia
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Economy

Scope upgrades Hungarian credit rating to BBB+

Hungary’s long-term issuer and senior unsecured local- and foreign-currency ratings have been upgraded from BBB to BBB+ with a stable outlook by Scope Ratings. The main factors behind the upgrade include sustained public debt reduction and strong investment. The country’s rating remains hampered by high public debt, competitiveness issues and uncertainties in the regulatory environmen...
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2019-10-22  09:33
CIJ Romania
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Company News

Thales expands at Orhideea Towers

Thales Romania leased another 5,300 sqm at Orhideea Towers in Bucharest. The French company now occupies nearly 11,000 sqm of office space, doubling is space at the complex, which is owned by CA Immo. Located in the western part of the capital, Orhideea Towers offers about 36,500 sqm of leasable space in two H-shaped buildings, connected by a glazed bridge. Each level offers between 1...
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