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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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2019-06-24  07:54
CIJEurope.com
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Company News

Metro AG board rejects Czecho-Slovak...

EP Global Commerce, an investment group owned by a pair of Czecho-Slovak business moguls, has made a takeover offer of €5.8bn for the German retailer Metro AG. However, the company's board of directors is reportedly rebuffing the offer on the grounds that it undervalues the company and recommended that shareholders turn the offer down. Owned by Daniela Křetínsky and Patrik Tkáč, ...
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2019-06-24  07:52
CIJEurope.com
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Project News

Regional assembly votes down new hospital in...

Zlin's regional assembly has refused to approve plans to build a new hospital in Zlin-Malenovice for a planned CZK 8bn. A total of 21 of the 41 assembly members present were in favor of the construction while eight were against it and 12 abstained from voting. The hospital's construction was expected to take six years to complete. Voting on the project was done on strictly p...
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2019-06-21  13:02
Svoboda & Williams
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Project News

U Hájenky Apartments: Construction Has Commenced

The Svoboda & Williams real estate agency has been exclusively appointed to sell the units in the U Hájenky Apartments residential project. Construction of the apartments has commenced on a plot of land near the Lipno Reservoir. On this previously empty meadow, 15 modern houses inspired by typical Šumava cottages that will consist of two separate apartment units with a terrace and...
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2019-06-21  12:44
CIJ USA
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Company News

Icon Las Olas secures $140m in refinancing

Icon Las Olas, the tallest residential tower in Fort Lauderdale, Florida, has secured $139.9m in refinancing. Built in 2017 by The Related Group, Rabina Properties and Perella Weinberg Partners, the 44-story tower features 272 units and 21,415 sq ft of ground-floor retail. Amenities include a wine-tasting salon and a sky terrace with a dipping pool. SunTrust Bank originated the fundin...
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2019-06-21  12:42
CIJ USA
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Research

CBRE: E-commerce driving warehouse...

E-commerce demand is driving warehouse construction across the US, according to a new report from CBRE. At the end of the first quarter of 2019, warehouse construction in the US totaled 255 million sq ft. Just over 70 percent of warehouse space now under construction is being built on speculation. The national vacancy rate for warehousing is at 4.4 percent as demand has dramatically e...
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2019-06-21  12:39
CIJ USA
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Project News

Assisted living, memory care facility to...

Small Brothers and Autumn Senior Living are set to start work on an assisted living and memory care facility in Clearwater, Florida. The first phase of Aravilla Clearwater will feature 84 units and 95 beds in a 65,000 sq ft facility. A second phase will add a three-story, 105,000 sq ft assisted living center that will connect to the memory care community. Small Brothers’ sister compan...
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2019-06-21  10:26
CIJ Serbia
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Project News

New projects underway on Bosnia’s Jahorina...

A number of projects, totaling roughly €15m, are underway on Bosnia’s Jahorina Mountain. The longest alpine coaster in this part of Europe is set to open this summer as well as a new ski lift in Poljice. Additional projects also include an artificial oscillation system and a cabin gondola, with 3 km of new tracks. “The gondola project and the construction, arrangement and modernizatio...
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2019-06-21  10:18
CIJ Serbia
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Project News

Around €3bn to be invested in road projects...

Croatian state-owned operator Hrvatske Ceste-HC is planning to invest €3bn in road projects across the country this year, while Croatian motorway company Hrvatske Autoceste-HAC intends to pour an additional €84.7m into similar projects. HC will use €127m in EU funding to realize its project goals for the year. The remaining €86.4m will come out of the operator’s own funds for road con...
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2019-06-21  10:12
CIJ Serbia
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Company News

Sarajevski kiseljak investing €10m in new...

Sarajevski kiseljak broke ground on a new factory near Kresevo in central Bosnia. The company is investing about €10m in the project. Completion is scheduled for the end of this year. Covering 30,000 sqm, the new factory is expected to increase the company’s production capacities of non-carbonated natural mineral water, flavored water and juices. Sarajevski kiseljak will hire 30 emplo...
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