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2019-06-21  09:46
CIJ Romania
Company News

Higher construction costs, higher apartment...

Developers are facing a 10% spike in construction costs this year, as compared to last year. Mauricio Gomez, General Manager Cordia - Futureal Group told the audience at CEDER 2019 that besides the increase in construction costs, everyone is concerned about the lack of manpower and access to finance. "Banks are more selective when financing residential projects, as the former...
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2019-06-21  09:01

Czechia the top CEE destination for...

The Czech Republic is the most sought after location for new brands looking to expand in Central and Eastern Europe. Cushman & Wakefield writes in a new report that of the 80 brands that entered the CEE region in 2018, 28 chose the Czech Republic. Poland saw the entrance of 26 new brands last year. Not surprisingly, Prague is main magnet when it comes to brands entering the Czech ...
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2019-06-21  09:00

Jordan named MD of Savills CZ/SK as Maudling...

Stuart Jordan has been promoted to the position of Managing Director at Savills for the Czech and Slovak Republics. The company will continue to act as the head of the company's capital markets, while the position of Finance & Operations Director is to be filled by Robert Pastuszek who joined the company at the beginning of April. At the same time, Savills announced that Ben ...
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2019-06-21  08:56
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Prague halts promised privatization of flats

Prague's city assembly promised to privatize more than nearly 4,000 flats in 2012 in four waves, but it decided yesterday to shut the process down on the last 804 of them. Since 2012, the city has sold 2,532 flats to their tenants and had begun selling procedures on 582 of the 1,386 left to sell off. The current solution is to complete sales only on those where the process is alr...
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2019-06-21  08:50
Project News

14km addition to D1 motorway near Košice...

A 14 km section of motorway between Budimir and Bidovce near the Slovak town of Košice will be completed in December, according to the minister of transportation. The section is a key part of the connection of Slovakia's road network to Ukraine. Four more sections of the motorway will have to be completed before drivers can make it to the border without interruption from Prešov. ...
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2019-06-21  07:36
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Company News

Panattoni to build logistics center in Rawa...

Panattoni Europe laid the cornerstone for Carrefour Poland’s logistics center in Rawa Mazowiecka. The BTS project will offer 63,600 sqm and will be divided into zones, including temperature-controlled zones. Completion is scheduled for the end of 2019. The lease has been signed for 10 years.“The project in Rawa Mazowiecka is another collaboration, after the warehouse in Bydgoszcz open...
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2019-06-21  07:35
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Company News

Panattoni completes Castorama distribution...

Panattoni Europe has completed the construction of a 100,000 sqm distribution center for Castorama Polska in Stryków. Approximately 99 percent of the space will be used for warehouse purposes, while 1,450 sqm will be designated for office and staff space. Around 300 people are expected to work at the center. The project was built in line with the principles of sustainable development....
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2019-06-20  15:48
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Project News

Rivers Casino Pittsburgh to begin $60m hotel...

Rivers Casino Pittsburgh is set to break ground on a new $60 million hotel later this summer. The Landing Hotel Pittsburgh will be a seven story, four-star property with 219 guest rooms. The hotel will attach to the existing casino on the east facade, facing the Carnegie Science Center. Rivers Casino Pittsburgh received approval for a hotel from the Pittsburgh Planning Commission in 2...
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2019-06-20  15:46
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Klein Enterprises buys 150,000 sqf warehouse...

Baltimore-based developer Klein Enterprises has picked up a Class A storage facility in Severn, Maryland. The 150,00 sqf facility was traded for an undisclosed amount, having recently undergone an industrial conversion from a 1970’s vintage warehouse into a modern storage facility. The purchase is a first for a recently established joint venture between affiliates of Klein Enterprises...
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2019-06-20  15:30
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Viking Partners acquires Jacksonville office...

Viking Partners has closed on the purchase of a Class A office park in Jacksonville. The firm paid $35.8 million for the eight-building, 344,000 sqf office asset. Currently 88 percent leased, Cypress Point Business Park sits at the corner of J. Turner Butler Boulevard and Philips Highway (U.S.1). Built between 1999 and 2004, its tenants include Fanatics, U.S. Assure, Crowley Marinetim...
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