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2019-10-18  09:52
CIJ Serbia
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Company News

Construction begins on 30,000 sqm logistics...

Poseidon Group broke ground on a 30,000 sqm logistics facility at Business Park Dalmatia for a major Croatian food retailer. The business park is located in Dugopolje close to Split, with immediate access to major road networks, including the A1 Dubrovnik-Zagreb motorway. “We are delighted to see the start of development at Business Park Dalmatia that will improve employment opportuni...
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2019-10-18  09:50
CIJ Serbia
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Construction

Four companies developing facilities at...

The Vranjes business zone in eastern Sarajevo is expanding. Four companies recently started developing new facilities in the micro-business zone, with completion set for spring. The new facilities underway include a warehouse for Zelenara, a company involved in the retail and wholesale of fruits and vegetables. Edengarden, an umbrella producer, is building a production area as well as...
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2019-10-18  09:46
CIJ Serbia
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Company News

CCC, Humanic, Intersport, Notino open at...

Paradise Center signed several new tenants. CCC opened a 1,000 sqm store at the Sofia shopping center. Humanic opened a 928 sqm space, while Intersport took 500 sqm, and Notino’s new store covers 360 sqm. Located between Cherni Vrah boulevard, Henrik Ibsen street and Todor Kableshkov boulevard, Paradise Center offers 82,000 sqm of leasable space. The owner is NEPI Rockcastle. The tena...
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2019-10-18  09:42
CIJ Serbia
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Company News

Capital Holding plans hotel-office-retail...

Capital Holding acquired a former retirement housing complex in Sarajevo’s Nedzarici neighborhood at a public auction for €5.25m. The auction was organized by the FBiH Privatization Agency. Capital Holding is planning to develop a shopping center, hotel and office building at the site. This is not the company’s first investment in Bosnia. Two years ago, it bought Kumrovec Business Cen...
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2019-10-18  09:39
CIJ Serbia
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Economy

Construction driving economic growth in Serbia

With unemployment falling, Serbia’s economy is expected to grow by 3.5 percent this year and by 4 percent in 2020, according to the latest forecast by the International Monetary Fund. Finance Minister Sinisa Mali said the IMF is pleased with the country’s reform progress, adding that the construction sector should help drive GDP growth. The sector grew by more than 20 percent over the...
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2019-10-18  09:38
CIJ Romania
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Company News

World Class to open fitness club at Sema...

World Class Romania will open a fitness club at Sema Parc in Bucharest in February. The property was built by River Development, a company controlled by Ion Rădulea. The new fitness club will cover an area of 1,355 sqm. World Class Romania is a market leader in the local wellness industry, operating 41 units in the country, 36 of which are currently active and five clubs that are sche...
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2019-10-18  09:36
CIJ Serbia
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Company News

Refrion opens factory in western Serbia

Refrion opened a new factory in Sabac, western Serbia. The Italian company manufactures refrigeration and ventilation equipment, which it exports to other EU countries. Refrion is planning to employ 45 people by the end of the year. “We have many years of experience with the town of Sabac. The first project was realized in 2007 and then the cooperation continued with mutual satisfacti...
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2019-10-18  08:21
CIJEurope.com
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Company News

More than 110,000 sqm of office underway in...

Nearly 100,000 sqm of office space was delivered in Kraków in the first six months of the year. More than 110,000 sqm of additional space is expected to be added to the city by the end of 2019, according to the latest report from Walter Herz. Projects completed in H1 included V.Offices, Fabryczna Office Park B1, Mogilska Office and DOT Office F1. In recent years, Kraków’s office marke...
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2019-10-18  08:20
CIJEurope.com
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Deals

Wing to acquire majority stake in Echo...

Hungarian real estate company Wing has signed a preliminary agreement to acquire the majority stake in Polish developer Echo Investment. Wing is a long-term regional strategic investor and sees great potential in Echo Investment. The new investor intends to continue growing the business consistent with the strategy of profitable growth established by Echo Investment in 2016. This stra...
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2019-10-18  08:15
CIJEurope.com
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Company News

Eko Higiena to move to MLP Poznań West in...

Eko Higiena has leased 3,780 sqm of warehouse space and an additional 350 sqm of office space at MLP Poznań West. The logistics park is located near Poznań Airport. The new facility is scheduled to be handed over to the distributor of hygiene products in January. The park, which opened in September 2017, will eventually offer 83,000 sqm of modern warehouse and industrial space.
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