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2019-02-21  09:19
Company News

IWM Automation leases 3,800 sqm at Hillwood...

IWM Automation has leased 3,800 sqm of warehouse and office space at the Hillwood Ruda Śląska logistics park near Katowice. BNP Paribas Real Estate Poland represented the tenant during the lease process. IWM Automation is the park’s first tenant. Hillwood Ruda Śląska will eventually offer 100,000 sqm of space. IWM Automation will move to the property in the third quarter of this year,...
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2019-02-21  09:17
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Company News

Developers add 2.2 million sqm of warehouse,...

Developers completed 2.2 million sqm of new warehouse and production space in Poland in 2018, down 8 percent than the previous year, according to AXI IMMO. At the end of 2018, 1.9 million sqm were under construction, 37 percent more than in the same period in 2017. Despite the high number of new investments, the vacancy rate remained low throughout the year at just 4.5 percent, accord...
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2019-02-21  09:16
CIJ Serbia
Company News

Simit Sarayi expanding in Balkans

Simit Sarayi is planning to open a store in Ljubljana next month. This will be the Turkish bakery’s first location in Slovenia. The shop will open in a space that previously housed BackWerk. Simit Sarayi was established in 2002 in Istanbul. In 2010, the company opened its first franchise in the Netherlands before expanding globally. It currently operates in 22 countries, including the...
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2019-02-21  09:12
CIJ Serbia
Company News

H&M opening first store in Bosnia next...

H&M is poised to enter the Bosnia market. The Swedish fashion retailer is scheduled to open a unit at the Delta Planet shopping center on March 21. The 2,500 sqm store will spread over two floors. H&M operates 4,500 stores in 62 countries around the world and employs a workforce of around 132,000 people. The company, the second largest clothing retailer on the global market, a...
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2019-02-21  09:06
CIJ Serbia
Project News

Port of Kotor to undergo €4.6m expansion

The Port of Kotor, along Montenegro’s Adriatic coast, is set to undergo a €4.6m expansion. The project is expected to take five years to complete. The first phase, to be delivered later this year, will include the construction of four pylons, which would allow 300-meter cruise-liners to navigate through the bay. This phase of the project is valued at €1.5m. Kotor has become an increas...
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2019-02-21  08:57
CIJ Serbia

Normal Company develops mixed-use scheme in...

Normal Company is planning to develop a residential-business complex on a plot of land in downtown Podgorica that used to house the old Hotel Ljubic. The 22,000 sqm Ljubovic Hill complex will include 240 apartments, ranging from studios to three-bedroom units, over six floors. There will also be offices on the ground floor and a hotel with a separate entrance. The project will offer u...
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2019-02-21  08:51
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German industrial investment volume falls 28%

Investment volume in Germany’s logistics sector dropped 28 percent during 2018, according to Savills, which reports that despite the drop, the result was will higher higher than the 5-year running average. The biggest year for deals for industrial assets was 2017, when more than €9bn in deals were completed. Last year saw a 39 percent drop in overall transaction volume compared to 201...
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2019-02-21  08:50
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Koppel added to board of directors at BF .direkt

BF .direkt has added a second member to its board of directors. Manuel Koppel has been with the development finance specialist since 2014 and is the head of finance and risk management and he is in charge of structuring institutional finance for the company. The company’s CEO Franceso Fedele will continue to focus on strategic marketing and sales. “BF.direkt AG’s business grew strongl...
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2019-02-20  11:01
CIJ Serbia

S&P Global upgrades Hungary credit rating

S&P Global raised its rating for Hungary from BBB/A3 to BBB/A2. It justified the move on the basis of gains in real wages for Hungarians and their high private savings rate, along with growing consumer demand. The rating agency predicts Hungary’s rating will rise over the next 24 months on the back of balanced economic growth, but warns that any deterioration in the country’s exte...
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2019-02-20  10:59

German documents digitizer startup scores €2m

Berlin-based startup Architrave has raised €2m from Proptech 1 Venture to continue its growth. The company is developing a platform to allow real estate documents to be digitized and managed. Proptech 1 Venture focuses on European start-ups. “Architrave has understood like no other proptech that big data and AI remain empty phrases until a critical mass of structured digital data has...
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