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2020-02-17  08:54

Union Investment buys Logistrial for €800m

Union Investment has acquired Logistrial Real Estate AG from GARBE Industrial Real Estate, including a logistics portfolio of 13 existing properties and 6 development projects. The €800m acquisition will expand the floor space of Union Investment's portfolio by approximately 580,000 sqm. GARBE Industrial Real Estate will handle letting, property management and asset management of...
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2020-02-17  08:53
Company News

Berlin Hyp issues its 5th green bond

Berlin Hyp issued its third green senior unsecured bond this week, the bank's fifth green bond in a benchmark format. The ten-year bond with a volume of €500 million has a coupon of 1.50% and is rated A1 and A+ by Moody's and Fitch. The order books were opened by a consortium of Commerzbank, Credit Agricole, J.P. Morgan, LBBW and Natixis. The syndicate banks quickly collecte...
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2020-02-17  08:46
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Warburg sells Haagsche Hof office building...

The German investment manager Warburg-HIH Invest Real Estate has sold the Haagsche Hof office building in The Hague to Corpus Sireo through an asset deal. The 10,900 sqm GLA building's key tenants are Regus and the oilfield services provider Schlumberger. Warburg acquired the building in 2012 for a pan-European special AIF. “We succeeded in significantly improving the tenant stru...
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2020-02-17  08:23
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Company News

Panattoni Park Konotopa III underway near Warsaw

Construction broke ground on Panattoni Park Konotopa III. The investment is located in the Warsaw area and will offer 60,000 sqm. The project will include two buildings that will be adapted to the needs of logistics and light manufacturing. The first tenants will move in in September. “One particular advantage of the park is its location on the outskirts of Warsaw and in the direct vi...
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2020-02-17  08:21
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Company News

Panattoni opening offices in Madrid, Barcelona

Following the launch of its office in the Netherlands two months ago, Panattoni is opening offices in Madrid and Barcelona for the Iberian market this month. A new team has been appointed. It will be led by Gustavo Cardozo Lupi, as managing director, who will be supported by Miguel Vera Cabrero, director for structured finance. Having delivered more than 9.6 million sqm of industrial ...
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2020-02-17  08:19
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Company News

Construction starts on Panattoni Park Gorzów...

Construction started on Panattoni Park Gorzów Wielkopolski. The project will offer 70,000 sqm and has already secured its first tenants, including Omnipack and Logoplaste Polska, taking a total of 10,000 sqm. The distribution center will go up in three phases. The first phase is scheduled for completion in June. The facility is aiming for BREEAM Very Good certification. “Panattoni Par...
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2020-02-17  08:17
Company News

Warsaw’s total office stock reaches 5.59...

Total office stock reached 5.59 million sqm in Warsaw last year, following the delivery of 162,200 sqm of office space across 17 projects, according to C&W. New supply was down by 30 percent y-o-y, hitting its lowest level since 2011. In non-central zones, new supply amounted to 106,300 sqm completed across 12 projects. The largest office completions included Develia’s Wola Retro ...
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2020-02-14  09:56
CIJ Romania
Company News

Profi to open store at Central District 4...

Profi has leased 500 sqm at the Central District 4 Elements project, which is currently under development by Forty Management in Bucharest’s Titan neighborhood. The retailer signed a 15-year agreement. In addition to a 1,400 sqm commercial component, Central District 4 Elements will also offer 204 apartments. The project is scheduled for completion in the third quarter of this year.
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2020-02-14  09:29
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Czech automobile sector wages rose 6% in 2019

The average monthly wage in the Czech automobile sector hit CZK 44,000 last year, 31.5 percent higher than the national average. The figures were released by the Czech Automobile Industry Association (AutoSAP), which found that wages had risen 6 percent in 2019, while the number of employees its members had on their books rose just 1 percent to 133,000. Breaking down the numbers furth...
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2020-02-14  09:27
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Project News

Prague buys 9,700 sqm of land for new metro...

Prague's city assembly voted to approve the purchase of a 9,733 sqm plot of land on the edge of town for CZK 32m. It’s a piece of real estate that's key for the completion of the metro's new D line that will lead from Pankrac in Prague 4 to this piece of land in Pisnice that's now being acquired. The owner cleared some illegal buildings from his property last year ...
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