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2020-01-10  12:16
CIJEurope.com
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Deals

Heimstaden Bostad to pay Residomo €1.3bn for...

The Swedish firm Heimstaden Bostad has bought Residomo's portfolio of 43,000 rental apartments in northern Moravia for €1.3bn. Negotiations had been going on for several months, according to the daily Hospodářské noviny. Heimstaden Bostad is listed on the Nasdaq First North Premier exchange in Stockholm and ranks as one of the largest owners of rental apartments in Europe, with a...
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2020-01-10  12:15
CIJEurope.com
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Project News

FINEP to create new district at Opatov metro...

FINEP has unveiled plans to build a new mixed-use zone on a 68,000 sqm plot of land located west of the Opatov metro station. The Czech developer will be building over 400 apartments along with 68,000 sqm of offices and 8,400 sqm of public functions and services. "The heart of the new center will be a 3,000 sqm square," said director Tomáš Pardubický. "We believe this s...
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2020-01-10  12:13
CIJEurope.com
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Economy

Czech mortgage market drops 17% in 2019

The volume of mortgages awarded in 2019 fell 17 percent to CZK 181bn, the lowest figure in five years, according to the market leader Hypoteční banka. E15 writes that bankers are clear about who's to blame for the fall. "The business was impacted by the Czech National Bank (CNB)," said Petr Hutla (ČSOB). "The numbers in terms of absolute values can't be consid...
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2020-01-10  09:54
CIJ Romania
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Company News

Paralela 45 relocating Bucharest headquarters

Paralela 45 is moving its Bucharest headquarters. The travel agency will move into two buildings it owns on Elisabeta boulevard and Grivița street, totaling 1,100 sqm of space. The company currently has its headquarters on Dacia boulevard. Alin Burcea, owner of Paralela 45, also wants to buy 3,000 sqm of land in Snagov, where he will build event rooms next to the residential project C...
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2020-01-10  09:13
CIJEurope.com
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Company News

Apartamenty Tuwima acquires 1.65 ha in Łódź

Apartamenty Tuwima has acquired 1.65 ha of land in Łódź from Neonica. JLL represented the vendor in the transaction process. Multi-family residential buildings with services will be developed on the plot, which is located on Tuwima street. “The transaction illustrates that developer interest in Łódź is growing. This applies to both companies that have been present in the city for year...
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2020-01-09  12:59
CIJEurope.com
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Deals

Savills: Star Capital Investments has...

Star Capital Investments has acquired the grade A office building, Lighthouse Towers, in Prague 7’s thriving Holešovice district. The seller was Deka Immobilien. The property comprises two stand-alone buildings joined at the underground parking level, where 360 parking spaces are provided. The smaller of the two, building B, is four storeys high and offers 6,500 sq m of lettable area,...
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2020-01-09  12:58
CIJEurope.com
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Project News

IMOS Brno to build CZK 1bn complex for...

The University of Ostrava has named a consortium made up of IMOS Brno and Beskydska stavebni winners of a tender for the construction of a multifunctional complex in an area called Černý louka. The new facility will serve both as a center for design and art as well as for sports activities. "What's unique about the project isn't just the innovative connection of art and...
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2020-01-09  12:51
CIJEurope.com
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Economy

Koruna strength despite Iran tension...

The Czech koruna has strengthened unexpectedly, taking many analysts by surprise, reports Novinky.cz. Those who expected the currency to weaken due to tensions over the Iran crisis were mistaken, as it's possible the CZK 25 per euro barrier could be broekn. As of Wednesday, the rate was CZK 25.23, the strongest it's been in two years. Novinky.cz cites Patria Finance's J...
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2020-01-09  12:50
CIJEurope.com
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Project News

Czechs looking for PPP pilot project to...

The Czech Ministry of Transportation plans to complete an 80 km section of the D35 motorway through a Public Private Partnership arrangement, but it's looking for a pilot project on which to test the process. PPP projects are a standard method for the procurement of infrastructure around Europe and but the Czechs have never been capable of creating such a project, despite numerou...
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2020-01-09  09:33
CIJ Romania
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Company News

Taco Bell has opened a restaurant in Constanta

Taco Bell has opened a restaurant at the VIVO! Constanta shopping center. This is the fast food chain’s first location in Constanta. The new restaurant covers an area of more than 70 sqm in the shopping center’s food court. Taco Bell entered the Romanian market in October 2017 and currently operates 10 restaurants around the country, including cities like Bucharest, Cluj-Napoca, Sibiu...
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