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2019-06-20  15:28
CIJ USA
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Deals

Four Townes in Orlando sold to Millstone...

The Four Townes Shopping Center in the Orlando submarket of Orange City, Fla. has been sold to Millstone Commercial in a $10 million deal. The 102,854 sqf retail outlet changed hands for just over $97 per sqf. Sitting on a 18 acre site, the 98 percent occupied center is anchord by Big Lots, Aaron’s and O’Reilly Auto Parts along with CiCi's Pizza, Advance America, and Boost Mobil...
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2019-06-20  11:40
CIJEurope.com
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Deals

AFI buys Prague 8 project from Karlin Group

AFI Europe has acquired a multifunctional project in on the corner of Thamova and Pernerova streets Prague 8 from Karlin Group. While Block B as it is called is conceived as a multifunctional project with residential, office and retail space, most of the 9,000 sqm will be occupied by flats. "We plan to begin construction work this winter and the expected completion is at the end ...
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2019-06-20  11:40
CIJEurope.com
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Project News

Work on Prague's new metro line finally...

The Prague Transport Company (DPP) has begun work on the new metro line, which will connect Pankrac to Pisnice with high capacity rail service. The city's mayor Zdenek Hrib was on hand for the first few symbolic shovels of dirt for a CZK 1.58bn geological survey that precedes any actual construction work. The tunnels created during the survey will become part of the new metro sta...
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2019-06-20  11:38
CIJEurope.com
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Research

Czech banks needed lower rates to maintain...

The average interest rate for mortgages issued in May fell to 2.8 percent, down from 2.85 percent in April, making it the fourth consecutive monthly fall. Fincentrum Hypoindex reports that banks are competing to maintain market share and the lower rates succeeded in bringing in more customers. In all 6,977 mortgages were issued in May, which was 582 more than in the previous months. T...
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2019-06-20  09:53
CIJ Serbia
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Company News

MTU to build plant in Serbia

MTU Aero Engines AG will open a new plant in Serbia, near Belgrade. The airplane engine producer is building the new plant in Nova Pazova near the main highway. Production at the new plant, which is expected to have a capacity of 400,000 working hours per year should get underway in early 2022. The country is pushing to create a national aviation cluster and a new training center wil...
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2019-06-20  09:48
CIJ Serbia
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Project News

Paris Udvar Hotel Budapest to open after...

Renovation of the Paris Udvar Hotel Budapest has entered the final phase of work, with the opening expected to take place this month, according to the Budapest Business Journal. The hotel will operate as part of the Unbound Collection by Hyatt. Work on the reconstruction started more than four years ago, with the job having been entrusted to Parizs Property Kft. It's the first Hy...
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2019-06-20  09:45
CIJ Serbia
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Economy

Serbian inflation expectations rise to 3%

According to the results of the Serbian Central Bank's May survey, one-year and two-year ahead inflation expectations of the financial and corporate sectors continued to move within the target tolerance band. The NBS reports that one-year ahead inflation expectations by the financial sector in May was for 3.0 percent inflation, up from the 2.6 percent reported in April. Two-year ...
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2019-06-20  09:40
CIJ Serbia
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Company News

Valamar has opened a five-star hotel in Porec

Valamar Collections Marea Suites, the first Valamar five-star hotel in the Croatian town of Porec. Valamar invested €18.9m in the development of the complex. Marea Suites is a family hotel that offers a beach, swimming pools, a playground along with 108 rooms. Not far from the new hotel, Valamar has also opened and renovated the Istria Premium Camping Resort in a €37.8m investment. Th...
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2019-06-20  09:40
CIJ Romania
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Company News

Adriean Videanu plans mixed-use scheme on 13...

Adriean Videanu, the former minister of economy in the Boc government period, has submitted project documentation to obtain a Zonal Urban Plan permission for a mixe-use real estate project. The planned residential and office project is located at the intersection of 13 September and Progresului streets. The project includes nine buildings, each with three underground floors and heigh...
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2019-06-20  09:38
CIJ Romania
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Company News

A larger residential offer than last year

Over 14,000 residential units are to be delivered this year in Romania and another 6,000 units are estimated for 2020, Andrei Sarbu, CEO of SVN Romania pointed out during CEDER 2019."These are the figures, if we believe the announcements regarding the delivery dates," Sarbu said. By comparison, last year there were 11,000 units delivered to the local market. Sarbu added ...
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