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2020-01-14  12:57
CIJEurope.com
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Economy

Demand for foreign workers has peaked in Czechia

Czech companies have been forced to look abroad for employees in recent years by the lack of sufficient local talent. Hospodářské noviny writes that there are currently 646,000 foreigners working legally in the country, a three-fold increased over the last decade. Tens of thousands more work in the Czech Republic illegally. Recently, however, it's begun to look as if the number o...
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2020-01-14  12:55
CIJEurope.com
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Research

Czech retail sales slump slightly in November

Retail revenue growth fell to 2.9 percent in November, following 3.4 percent growth in October, according to the Czech Statistics Office. It writes that consumers spent less on non-food items, while on-line retail showed the highest level of growth (+7 percent). In general, non-food items showed consistently higher sales figures, a trend supported by recent salary inflation. However, ...
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2020-01-14  12:54
CIJEurope.com
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Deals

Lighthouse Tower in Prague 7 illustrates...

The volume of commercial real estate investment in Prague represented nearly 80 percent of the value of all deals, while the office sector dominated with €1.2bn in deals. Many of the deals wrapped up in the final few weeks of the year, including Deka Immobilien's sale of Lighthouse Towers in Prague 7's Holešovice district to the Czech group Star Capital Investments. CBRE rep...
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2020-01-14  09:47
CIJ Romania
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Company News

Globalworth plans luxury resi project in...

Globalworth is developing a luxury residential project in Bucharest. Set to go up on a 3,000 sqm plot on Nordului street, the scheme will include 50 apartments in two five-story housing blocks, totaling approximately 1,900 sqm. The two blocks will be joined by a cultural center that Globalworth is planning to develop within the project. The developer has been primarily focused on the ...
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2020-01-14  08:08
CIJEurope.com
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Company News

Panattoni to build City Logistics Katowice

Panattoni is set to break ground on City Logistics Katowice. The investment will include four buildings on 14.4 ha totaling 70,000 sqm, of which 5,000 sqm will be dedicated to office space. The first phase will feature two halls, totaling 6,785 sqm and 21,359 sqm respectively. “City parks are principally intended to address the needs of customers keen to fulfill online orders within s...
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2020-01-14  07:56
CIJEurope.com
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Appointments

Mark Richardson to head investment services...

Mark Richardson was named director of the investment services department at Colliers International. He will be responsible for advising clients in relation to the acquisition and sale of real estate across all sectors in Poland and the CEE region. Richardson has 21 years of experience in the real estate industry and was previously head of acquisitions at Prime Kapital. Prior to joinin...
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2020-01-14  07:48
CIJEurope.com
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Company News

Warsaw office market to break records in 2020

Poland’s office market witnessed significant growth in 2019 and the trend is expected to continue this year, according to analysts at Walter Herz. The sector was driven by the Warsaw market, which outperformed regional markets in terms of demand. Walter Herz analysts predict that this year will close with the best-ever result in terms of the amount of space leased in the capital. Wars...
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2020-01-13  12:00
CIJEurope.com
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Project News

Czech Harbors designs residential plans for...

Czech Harbors is planning to modernize the harbor it operates on the Císařská louka island in the Vltava river between Prague's 4th and 5th districts. But local sports groups that use island claim are convinced that the planning documentation Czech Harbors has submitted is just the first step in ruining the island with the construction of luxury residential projects sure to follo...
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2020-01-13  09:52
CIJ Romania
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Politics

Romanian leadership looks to trigger early...

Romania is poised to hold early elections after President Klaus Iohannis and Prime Minister Ludovic Orban agreed that the move was the “best option” for the country. Orban has been leading a minority government since his National Liberal Party (PNL) took control of Parliament in November after the Social Democratic Party (PSD) lost a no-confidence vote. PSD, however, still holds the m...
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2020-01-13  08:46
CIJEurope.com
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Company News

Banqsoft renews lease at BCB Business Park

Banqsoft has renewed its lease and expanded its office space to 1,600 sqm at the BCB Business Park in Gdańsk. Cushman & Wakefield advised the financial and banking software provider during the lease process. “Banqsoft decided to upsize its office in BCB Business Park as it values the location of this business complex in Gdańsk,” said Daria Zagożdżon-Dembicka, Negotiator, Office Ag...
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