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2019-11-29  08:41
CIJEurope.com
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Company News

Panattoni builds facility for Amazon in Gliwice

Panattoni has developed a facility for Amazon in Gliwice. The project offers 210,000 sqm and has been fitted with advanced Amazon Robotics technology. The investment is Panattoni’s eighth project for Amazon. Delivered as a BTS, the facility is 317 meters long, 182 meters wide and 26.7 meters high. “Poland was the first country in Europe where Amazon Robotics was rolled out in Septembe...
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2019-11-29  08:40
CIJEurope.com
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Company News

Tricity’s office stock grows 3% by end of...

Tricity’s office stock grew by more than 3 percent y-o-y to 798,500 sqm by the end of September, according to Cresa Poland. The transaction volume totaled 74,200 sqm in the first three quarters of 2019, up by 12 percent on the same period last year. The largest lease deals signed in the first three quarters included a 10,800 sqm lease renegotiation and expansion by Nordea at Olivia St...
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2019-11-29  08:38
CIJEurope.com
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Company News

Kraków’s office stock up 10% y-o-y

Kraków’s office stock grew by more than 10 percent y-o-y to 1.35 million sqm by the end of September 2019, according to Cresa Poland. The leasing volume in the first three quarters came to almost 235,000 sqm. Although the influx of new international market entrants to the Kraków market has slowed down recently, companies that have already built a presence in the capital of the Lesser ...
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2019-11-28  16:25
CIJ USA
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Deals

Tampa office portfolio changes hands for $167m

Parkway Properties and Partners Group paid $167.3m for an office portfolio in Tampa. The deal includes six properties: a class A office tower in Tampa’s downtown core and five properties located in the Westshore submarket. Totaling 833,705 sq ft, the package comprises 501 East Kennedy Boulevard, REO Center, Westshore Corporate Center and the Cypress Center I, II and III. The deal was ...
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2019-11-28  16:24
CIJ USA
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Deals

Lynd Acquisitions Group buys Mayflower...

Lynd Acquisitions Group acquired Mayflower Apartments in Virginia Beach, Virginia, for $43m. The 16-story, 266-unit property is the only high-rise rental building within a block of the Atlantic Ocean. The new owner will spend $4.6m on capital improvements to both common areas and individual units. The property also includes 3,140 sq ft of ground-floor commercial space, a separate parc...
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2019-11-28  16:22
CIJ USA
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Deals

Frankforter Group buys Atlantic Cypress...

Frankforter Group has paid $103m for a 420-unit, class A apartment complex north of Fort Lauderdale. Atlantic Cypress Creek is currently 95 percent leased. Amenities include a clubhouse, fitness center, movie theater, spa and swimming pool with cabanas. The deal was completed with a $74m mortgage arranged by FM Capital. The seller was an affiliate of Atlantic | Pacific Companies and R...
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2019-11-28  16:17
CIJ USA
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Deals

Cameratta to build 2,400 homes in Lee County

Cameratta Companies purchased more than 2,000 acres on Corkscrew Road in Lee County, Florida. Financial terms of the deal weren’t disclosed. Cameratta intends to build up to 2,400 single-family homes on the land, which is located 6 miles east of Interstate 75. Plans for Verdana Village are currently under review by Lee County officials. Pending approval, offsite construction will begi...
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2019-11-28  10:02
CIJ Serbia
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Company News

Prologis, Norges buy US logistics portfolio...

Prologis and Norges Bank Investment Management acquired a US logistics portfolio for $1.99bn. The 19 million sq ft portfolio includes 127 properties in Southern California, the San Francisco Bay Area, Seattle and Dallas. Prologis and NBIM formed a $2.4bn joint venture in 2012 to purchase a portfolio of distribution facilities situated in 11 European countries. Last year, they sold a $...
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2019-11-28  09:58
CIJ Serbia
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Deals

Hungary signs strategic cooperation...

The Hungarian government signed a strategic cooperation agreement with the Industrial and Commercial Bank of China (ICBC). The agreement, which is expected to strengthen Hungarian-Chinese financial ties, was signed between Finance Minister Mihaly Varga and Gu Shu, ICBC’s vice chairman, executive director and president. The bank has agreed to cooperate with Hungary on issuing renminbi ...
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2019-11-28  09:49
CIJ Serbia
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Project News

Budapest unveils smart streets project

In an effort to boost street shopping, eliminate empty storefronts and tighten cooperation between entrepreneurs, the Management of Shopping and Thematic Streets is planning to develop 11 smart streets in Budapest. The project will include Bela Bartok, Falk Miksa and Raday streets. “The vision of smart street is not a new service for entrepreneurs and the general public," says At...
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