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2018-12-10  10:42
Company News

Czech construction up 10.4% over last year

Year-on-year construction output may have slowed in October, but it was only to 10.4 percent from 11.8 percent in September. According to the Czech Statistics Office the 3,600 flats completed in October nationwide is one of the biggest results recorded in the past 10 years. Looking forward, Czech construction offices issued 7,603 construction permits in October, which was 2 percent le...
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2018-12-10  10:41
Company News

Czech post office unable to keep up with...

Lidove noviny writes that the Czech Postal Service normally handles around 150,000 packages daily, but that in the run-up to Christmas, the figure jumps to 300,000. Just before the holidays kick off, it expects to be trying to handle as many as 350,000 every day. Reporters from the daily newspaper visited a post office at the Nymburk train station and found piles of boxes stacked and ...
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2018-12-10  10:13
GVA Activ Property Services
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The area located adjoining Aurel Vlaicu metro, at the junction of Barbu Vacarescu, Pipera Road and Calea Floreasca, continues to be the most effervescent real-estate area in Romania, transforming at a high pace during the last 10 years into the new business district of Bucharest, the office stock being almost fully occupied (vacancy rate <2%). The last report released by Activ...
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2018-12-10  09:48
CIJ Romania
Company News

Sportisimo opening at Botosani Shopping Center

Sportisimo is poised to open a new store at Botosani Shopping Center in northern Romania. The deal was brokered by Cushman & Wakefield Echinox. The Botosani store is scheduled to open by the end of the year and will cover a sales area of 800 sqm. This will be the sports retailer’s 16th location in Romania. The brand was originally launched in the Czech Republic almost 20 years ago.
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2018-12-10  09:04
Company News

Immobel sells Cedet office building in...

Immobel has sold the Cedet office building in Warsaw for €129.5m to a fund managed by GLL Real Estate Partners on behalf of Korean investors. Cedet includes 15,000 sqm of office space and 7,000 sqm of commercial space. The office space was fully leased before the building was delivered in July. “We are delighted with the development and the sale of this emblematic building, which comb...
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2018-12-10  09:02
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Company News

First Data leases 4,600 sqm at Equator IV in...

First Data Polska has leased 4,600 sqm at Equator IV in Warsaw. JLL advised the tenant during the lease process. Located on Jerozolimskie avenue in Warsaw’s Ochota district, Equator IV offers 20,000 sqm of office space and 700 sqm of ground-floor retail and services. The building, delivered in June, has underground parking on four levels for 226 vehicles and 78 bicycles. There is also...
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2018-12-10  09:01
Company News

N Park opens near Warsaw

N-Park has opened on the border of Piaseczno and Stara Iwiczna, near Warsaw. Tenants include Pepco, Super-Pharm, RTV Euro AGD, Martes Sport, Smyk, Jysk, Kakadu, Top Secret as well as Świat Książki. The cost of the investment was not disclosed. The N-Park brand is owned by Napollo, which is planning to open similar retail parks on Maślicka street in Wrocław and Trakt Brzeski street in ...
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2018-12-07  14:12
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Grande Lakes Orlando Resort changes hands

The Grande Lakes Orlando Resort has been acquired by funds managed by Trinity Real Estate Investments and Elliott Management Corporation. Located in the heart of Orlando's tourist district, the 409-acre property includes two hotels, a 582-key Ritz-Carlton and a 998-key JW Marriott. The resort also features a Greg Norman-designed 18-hole championship-caliber golf course. The insti...
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2018-12-07  14:06
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Project News

Zilber Residential nearing completion on...

Zilber Residential Group is developing a multifamily scheme in Venice, Florida. Treviso Grand apartments will house 272 units ranging in size from 574 to 1,252 sq ft. The complex is going up near the corner of Laurel Road and Knights Trail Road in the Mirasol mixed-use development. Amenities will include a pool deck with built-in grilling stations, a heated saltwater pool, a clubhouse...
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2018-12-07  14:00
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Cohen Asset Management acquires Middlesex...

Cohen Asset Management has secured $41.5m in acquisition financing for a 507,000 sq ft warehouse and distribution center in Edison, New Jersey. Holliday Fenoglio Fowler worked on behalf of the borrower to place the 10-year, fixed-rate loan with Principal Real Estate Investors. Completed in 2014, Middlesex Logistics Center features 36-foot clear heights, 101 loading docks and parking ...
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