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2018-12-07  13:57
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Project News

Student housing project underway in New York...

PEBB Capital and TriArch Real Estate Group have teamed up to build 415W120, a 153-bed student housing community that will serve Columbia University in New York City. The project is located across the street from the university in the city’s Morningside Heights neighborhood. The 14-story building will offer a mix of 80 studios and one-, two- and three-bedroom units with in-unit washer ...
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2018-12-07  10:17

Online sales surge ahead of Christmas holidays

Retail sales have gone up 6.4 percent ahead of the Christmas holiday season, which is 1.4 percent more than it was this time last year. The biggest surge can be see in Internet sales and and courier services, where sales are up more than 24 percent, according to the Czech Statistics Office. Sales of computers are up 18 percent while sports and recreational goods as well as household g...
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2018-12-07  10:11
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Czech companies squandering chance to hire Serbs

Hospodářské noviny writes that a Czech government program to make it for local companies easier to hire Serbs is not being used by Czech companies. The daily claims that the reason is that many companies don't know about this option, while others simply don't want to hire Serbs. There were high hopes for the program, however, not least because the collapse of the Serbian aut...
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2018-12-07  10:08
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Project News

Skjerven Group starts Berlin micro-apartment...

Sales have started of 180 micro-apartments on Eisenzahnstrasse in Berlin’s Charlottenburg district following three years of work by the developer Skjerven Group. The has been converting an ensemble of buildings from the 1970s into a high-end, residential project with the aim of targeting mobile professionals and lifestyle performers. “The ‘Beautique Apartments’ are aimed at individual...
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2018-12-07  09:50
CIJ Romania
Company News

Capacity crowd cheers winners of CIJ Awards...

The 11th annual edition of the CIJ Awards Romania took place at the Radisson Hotel in central Bucharest in front of a crowd that nearly overwhelmed the hotel's largest ballroom. It was a fitting end to an exceptional year for Romania's booming property sector which has grown rapidly during the economic boom into a sophisticated, vibrant marketplace with ever-expanding liquid...
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2018-12-07  09:40

Union Investment acquires Bad Homburg office...

Union Investment has acquired a 6,750 sqm office building in Bad Homburg from Warburg-HIH Invest Real Estate. The price of the deal was not disclosed. The property is currently fully leased to IT service provider Dimension Data through 2024. BNP Paribas Real Estate brokered the deal. “The acquisition matches our current investment strategy for the DACH region of German-speaki...
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2018-12-07  09:36
CIJ Serbia
Company News

Kaufland to open first store in Moldova in 2019

Kaufland is set to enter Moldova next summer. The new 4,600 sqm store is under construction in Chisinau’s Botanica district next to the Slat shopping center. The property will include parking for 290 vehicles. Following the opening in the capital city, the German hypermarket chain plans to an additional 20 stores as well as a logistics center to its Moldovan network over the next 10 y...
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2018-12-07  09:29
Project News

Real IS buys Airfield office project in...

Real IS bought the Airfield office scheme, currently under construction along Konrad-Zuse-Strasse in Boblingen, from W2 Development and Competo Capital Partners. The purchase price was not disclosed. Real IS acquired the property on behalf of its Regionalfonds Suddeutschland fund for institutional investors. Airfield offers 11,400 sqm on five floors. There is also underground parking ...
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2018-12-07  09:25
CIJ Serbia
Project News

Kolasin 1600 ski resort to open in northern...

A new ski resort is scheduled to open on the Kolasin mountain in northern Montenegro this winter. The Montenegrin government invested €50m in the project. Kolasin 1600 will offer 4.6 km of slopes. The resort will also feature a restaurant that can accommodate up to 400 guests. The newly built Bar-Boljare highway is expected to improve transit connections with surrounding cities. ...
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2018-12-07  09:14
Company News

Kraków Enterprise Park fully leased

Tristan Capital Partners and Avestus Real Estate have fully commercialized Enterprise Park. Located in southern Kraków’s Podgórze district, the class A property offers 61,420 of office space in six four-story buildings. DDJM Biuro Architektoniczne designed the scheme, while Eiffage Polska Budownictwo was the general contractor. Enterprise Park has been owned by Tristan Capital Partner...
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