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2019-08-21  09:53
CIJ Serbia
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Project News

Tourist complex planned for Majevica...

Local entrepreneur Svetozar Ostojic is planning to invest a couple of million euros to develop a new tourist complex on Majevica Mountain in Lopari, northern Bosnia. The first phase of construction, to cost an estimated €2m, will include a 20-room motel, a restaurant that can accommodate 500 diners and a couple of bungalows. The complex will also feature a sports fields, ski slopes, p...
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2019-08-21  09:37
CIJ Serbia
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Research

Housing prices in Montenegro rising steadily

The average price of flats in Montenegro has increased by 18 percent since the beginning of the year, according to the country’s statistics agency Monstat. The most expensive properties are located along the coast. “The average price per square meter in a new residential building in Montenegro in the second quarter of 2019 was €1,206, an increase of 11.6 percent compared to the second...
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2019-08-21  09:31
CIJ Serbia
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Company News

Alkaloid plans €11m North Macedonian expansion

Alkaloid is planning to invest €11m to expand its operations in North Macedonia. The money will go toward new production and packaging facilities, which will help boost the drug manufacturer’s capacity by 50 percent to 3 billion tablets and capsules annually. The new facilities will spread over 7,000 sqm and will start operating in H1 2020. Alkaloid intends to hire an additional 200 n...
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2019-08-21  09:28
CIJ Serbia
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Deals

Rothschild family acquires 95% share in...

The Rothschild banking family has acquired a 95-percent share in Moldova’s Chisinau International Airport through NR Investments. Since 2013, Avia Invest had been operating the airport, which was upgraded with a new terminal and runway over the past six years. Further details of the transaction are expected to be released in September. Sixteen airlines currently fly in and out of Chis...
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2019-08-21  08:47
CIJEurope.com
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Company News

Savills advises on commercialization of...

Savills will advise on the commercialization of office and retail space at the Okrąglak and Kwadraciak buildings in central Poznań. The complex is located at the junction of 27 Grudnia and Seweryna Mielżyńskiego streets and offers 8,000 sqm of leasable space. Okrąglak was built on the site of the former Bank Cukrownictwa in the late 1940s and early 1950s. In 2012, it went through a th...
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2019-08-21  08:46
CIJEurope.com
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Company News

New supply on Warsaw office market exceeds...

More than 500,000 sqm of office space has been delivered to the Warsaw market over the last two and a half years, while the vacancy rate has dropped from 14 percent to 8.5 percent, according to Colliers International. There are now 5.5 million sqm of office space in the capital, and the record low vacancy rates suggest high tenant activity. Despite the large amount of space under cons...
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2019-08-20  15:32
CIJ USA
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Deals

Stockbridge pays $116.5m for Miramar...

San Francisco-based private equity company Stockbridge Capital Group has paid $116.5m for a five-warehouse portfolio in Miramar, Florida. The seller was IDI Logistics. Fully leased at the time of the sale, the properties total 14 acres and are located along Miramar Parkway, Southwest 29th Street and 160th Avenue. Stockbridge has $14.4bn of assets under management. Its South Florida po...
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2019-08-20  15:30
CIJ USA
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Deals

Frankforter buys Livingston Apartments for...

Frankforter Group acquired the Livingston Apartments, a 448-unit residential complex in Lutz, Florida, from Cortland for $58.5m. Located 15 miles north of Tampa, the buyer plans to upgrade the property’s interior and common area amenities, which include a fitness and business center, dog park, swimming pool and 900 parking spaces. “The value-add aspect of Livingston is in line with th...
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2019-08-20  15:29
CIJ USA
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Deals

Douglas Management acquires Jacksonville...

Douglas Management & Realty Inc. purchased a 324-unit garden style residential property in Jacksonville, North Carolina, for $32.5m. Community amenities include a 24-hour fitness center, saltwater pool and bathhouse, a game room, two dog parks, outdoor grilling stations and a business center. Berkadia represented the seller, Place Properties. “Arlington West matches the buyer’s ap...
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2019-08-20  15:27
CIJ USA
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Deals

Madison Marquette, GFH purchase senior...

Madison Marquette and GFH Capital, a subsidiary of GFH Financial Group, secured a $115m loan to purchase a six-asset senior housing portfolio in California, Michigan and Washington. The 509-unit, 589-bed portfolio includes an independent living community, two assisted living communities, and three memory care communities. The Freddie Mac and Fannie Mae financing was arranged by Greyst...
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