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2019-08-20  11:26
Crest Communications
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Construction

Prague is rapidly becoming the coworking hub...

Coworking and flexible serviced offices are the significant trends driving the office property market forward. Millennials, those people born between 1974 and 2004, are currently among the most economically active groups. This generation increasingly prefers the individual approach, high quality services and networking opportunities that coworking centres offer. Such centres are poppi...
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2019-08-20  10:59
CIJ Serbia
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Economy

Online fashion retailers net HUF 153bn in...

While brick-and-mortar fashion stores reported HUF 550bn in revenues last year, their online counterparts are quickly gaining traction. Online fashion retailers made more than HUF 153bn in sales last year, up 12 percent from 2017, according to data recently published by Glami.hu. The country’s leading online retailers include H&M, Bonprix and Ecipo.hu. Online sales currently make ...
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2019-08-20  10:55
CIJ Serbia
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Company News

OTP Bank named best digital bank in Hungary

Global Finance has named OTP Bank the best digital bank in Hungary. This is the third time the bank has received the honor from the New York-based magazine. “There are a lot of people at OTP Group who work to provide our customers with services as convenient, fast, and secure as possible,” said Péter Csányi, managing director at OTP Bank. “Among the innovations is the introduction of ...
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2019-08-20  10:52
CIJ Serbia
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Economy

Fitch affirms Hungary’s ‘stable,’ ‘robust’...

Despite a slight GDP slowdown in the second quarter, Fitch Ratings has affirmed Hungary’s “stable” economic outlook and BBB rating, calling growth “still robust.” The agency said the country’s BBB rating “balances strong structural indicators and stronger and more stable macroeconomic performance than peers against high general government debt and risks from policy unpredictability an...
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2019-08-20  10:48
CIJEurope.com
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Research

Czechs hold over CZK 500bn in funds

The value of assets held by Czechs in foreign funds rose to CZK 10.1bn during the second quarter of 2019, while the amount in domestic funds hit CZK 43.3bn, according to Seznam.cz. It writes that 85 percent of these assets are held by people, with just 15 percent owned by legal entities. The chairman of AKAT Martin Řezáč said that investors were primarily interested in bond funds duri...
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2019-08-20  10:46
CIJ Serbia
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Company News

Prologis secures BREEAM certificates for...

Prologis has received BREEAM certification for six of its logistics facilities in Hungary, including an In-Use Very Good rating for a 10,750 sqm facility at the Budapest-Sziget park. The 21,000 sqm DC7A building at the same logistics park as well as the 8,000 sqm DC8 and two other buildings were awarded BREEAM Good certificates. Prologis recently delivered a 10,600 sqm speculative fac...
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2019-08-20  09:33
CIJ Romania
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Company News

Industrial supply tops 4 million sqm in Romania

Modern industrial stock topped 4 million sqm in Romania during the first half of the year, according to a new report published by CBRE. During this six-month period, 240,000 sqm of new space was delivered. Fifty-five percent of the total stock is located in the country’s regional cities, while Bucharest attracted the remaining 45 percent. An additional 1 million sqm of industrial spac...
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2019-08-20  07:58
CIJEurope.com
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Company News

Hydro Sapa Building Systems leases 2,500 sqm...

Hydro Sapa Building Systems Poland has leased 2,500 sqm of warehouse and office space at 7R City Flex Łódź I. The company will use 2,000 sqm for research and development, focusing on aluminium architecture systems, while the remaining 500 sqm will be used as office space. Aximmo advised the tenant during the lease process. The property, totaling 8,300 sqm, is a “small business unit” w...
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2019-08-20  07:57
CIJEurope.com
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Company News

Noerr leases 1,100 sqm at Nowogrodzka Square...

Noerr has leased 1,100 sqm at the Nowogrodzka Square office building in Warsaw. The European law firm was represented by Cresa Polska. “We are proud to say that year by year, Noerr has been strengthening its position in the CEE region, including also in Poland. The new office will be tailored to the needs of our employees, and it reflects our commitment to further growth in the Polish...
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2019-08-20  07:56
CIJEurope.com
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Company News

Skanska sells second building at Nowy Rynek...

Corum Asset Management acquired the second building under development at Skanska’s Nowy Rynek office complex in Poznań. The property traded hands for €36m. The office building will offer 12,000 sqm of space and is pre-leased to Żabka. Completion is scheduled for the end of 2019. In June, Skanska completed the sale of the first building in the same complex to Franklin Templeton Investm...
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