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2019-04-18  10:50
CIJEurope.com
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Deals

Penta sells BCT 2 in Košice to ECE

In Košice, Penta Real Estate has sold its office building Business Centrum Tesla 2 to the Austrian company European City Estates. The 14,600 sqm building has tenants such as T-Systems Slovakia, Deloitte, Diebold-Nixdorf and Colonnade. “BCT 2 is one of our most successful office projects," said Juraj Nevolnik, Penta Real Estate Slovakia's CEO. "Demand has been so high, t...
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2019-04-18  10:49
CIJEurope.com
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Company News

VW cutting Slovak labor, increasing output

Volkswagen's Slovak division will be reducing its workforce by 3,000 people this year, but the company insists this doesn't mean people are getting laid off in mass firings. Its spokeswoman Lucia Kovarovič Makayová told Hospodářské noviny it would simply not be replacing people who were naturally going to move on ayway. This includes workers who will be moving, including 500...
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2019-04-18  10:48
CIJEurope.com
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Deals

TPG to build industrial properties with...

TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Contera, an established developer and operator of industrial parks in the Czech Republic, announced today they have formed a strategic venture (the “Venture”). The Venture will seek to acquire and develop industrial projects in Central Europe, primarily in ...
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2019-04-18  10:48
CIJEurope.com
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Research

Shock drop in March's Czech mortgage rates

Conventional thinking in the Czech Republic has been that anyone who hadn't gotten a mortgage yet, or refinanced their old one, was simply too late. And then March happened, which produced the biggest drop month-to-month in mortgages rates since 2015, ending at 2.9 percent. At the same time, the number of people signing up for long-term credit rose by 1,703 to 6,664. Josef Rajdl,...
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2019-04-18  10:29
CIJEurope.com
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Deals

Warburg HIH acquires office property in Vienna

Warburg HIH Invest Real Estate has secured the “HBF” 1 office building in Vienna in a club deal mandate. The building has a total rental space of 4,200 sqm, of which 3,000 sqm will be used as an office. The property was sold by the project development company Rhomberg Bau to Warburg HIH, which was advised by DORDA Rechtsanwalte. Irene Weidmann, head of real estate at Rhomberg Bau, sai...
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2019-04-18  10:26
CIJEurope.com
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Research

Tiny microapartments making big splash among...

In Germany, microapartments are an increasingly popular investment on the housing market. These assets are characterized as having floor space between 20 sqm and 35 sqm, with locations in urban areas with good public transportation. Microapartments are particularly attractive to students and young professionals. In part, this is because they tend to feature community spaces and event ...
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2019-04-18  09:10
CIJ Romania
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Company News

Mindspace opens second Bucharest co-working...

Mindspace has opened a 2,000 sqm co-working space in Bucharest Tower Center near Piata Victoriei, owned by Globalworth. It’s Mindspace’s company's second investment, following its first co-working facility, which it opened at Globalworth Campus in Pipera. The new co-working space includes both working and lounge areas, as well as 23 private offices. Mindspace operates 28 faciliti...
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2019-04-18  08:57
CIJ Romania
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Events

Mauricio Mesa Gomez, General Manager Cordia...

Mauricio Mesa Gomez will be part of the business leaders mix to speak at CEDER Conference on 29th of May, at Radisson Blu Hotel, in Bucharest. Starting 2016, Mauricio Mesa Gomez is CEO of Cordia Romania, Futureal Group`s residential investment division, one of the most important real estate developers and investors in Central and Eastern Europe. Mauricio Mesa Gomez has an experien...
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2019-04-17  16:12
Crest Communications
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Company News

Michaela Nedorostová is the new Asset...

Michaela Nedorostová (33) has joined CA Immo’s Prague team in the position of Asset Manager. In her new function, she will be responsible for the administration of the entrusted property portfolio in the form of the Visionary and Amazon Court office buildings, including tenant support and care and the further development of the buildings, with an emphasis on new technologies, a health...
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2019-04-17  11:44
CIJ Romania
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Events

Maggie Kitshoff, Director of Residential...

Maggie Kitshoff will be part of the business leaders mix to speak at CEDER Conference on 29th of May, at Radisson Blu Hotel, in Bucharest. Maggie Kitshoff is the Director of Residential Projects of Prime Kapital since 2016. She brings more than 16 years’ experience in turn key construction projects with an emphasis on niche residential development projects. She co-founded and manag...
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