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2018-12-07  09:09
CIJEurope.com
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Company News

EPP reports 37% increase in net property income

EPP’s net property income increased by 37 percent y-o-y to €102.2m over the first nine months of the year. The JSE-listed company said earnings available for distribution per share were at €8.75, and EPP is on track to meet its stated guidance of €11.60 to €11.80 per share. “Operationally, the business continues to perform well with like-for-like net rental income (NRI) growth for the...
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2018-12-07  09:05
CIJEurope.com
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Company News

DSV Solutions takes 6,700 sqm at Panattoni...

DSV Solutions has leased 6,700 sqm at Panattoni Park Poznań VI. JLL advised the tenant during the lease process. Panattoni Park Poznań VI is a class A multi-purpose warehouse complex offering 31,400 sqm of space.“Our client was looking for a modern warehouse space which would respond to the client's specific needs both in terms of location as well as technical infrastructure. The...
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2018-12-06  16:09
CIJ USA
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Project News

Ritz-Carlton Residences topps out,...

Sunny Isles Beach, Fortune International Group and Château Group have topped off the Ritz-Carlton Residences in Sunny Isles Beach, Florida. Located just North of Miami Beach, thhe 212-unit, 52-floor project broke ground in June 2016. Completion is set for next year. The condominium building will have a private club level on the 33rd floor as well as a beach restaurant, pool deck, kids...
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2018-12-06  16:06
CIJ USA
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Deals

Sterling Organization pays $11.65m for...

The Sterling Organization paid $11.65m for a retail center near downtown Seattle. Purchased in an off-market deal, the 50,678 sq ft Elliot Plaza changed hands for just under $230 per sq ft. The property is currently 100 percent leased. Anchor tenants include Staples and AAA. The purchase represents the company's first acquisition in the Seattle area and the fourth for its SVAP II...
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2018-12-06  16:04
CIJ USA
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Company News

Refrig-It Warehouse takes 140,000 sq ft at...

Refrig-It Warehouse has signed a 140,000 sq ft lease at the Portside Distribution Center in Newark, New Jersey. The company is the first major tenant to sign at the newly constructed 290,000 sq ft facility. The property was developed by Penwood Real Estate Investment Management and Penford Group. Situated on 14.85 acres, the facility is just 1.8 miles from the Port of Newark-Elizabeth...
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2018-12-06  10:40
CIJEurope.com
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Deals

REICO buys Forum Nová Karolina from Meyer...

Meyer Bergman has sold Forum Nová Karolina shopping centre in Ostrava, Czech Republic to REICO, Česká spořitelna's real estate fund manager. The company originally acquired the 58,500 sqm shopping mall in 2011 at the same time as it bought Forum Ústí nad Labem together with Healthcare of Ontario Pension Plan. “The Meyer Bergman and HOOPP joint venture acquired the Nová Karolina n...
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2018-12-06  10:26
CIJ Romania
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Company News

NEPI Rockcastle opens Shopping City in Satu Mare

NEPI Rockcastle has officially opened Shopping City in Satu Mare, following an investment of more than €40m. The shopping center offers approximately 29,000 sqm of leasable space on two levels and 1,000 parking spots. The property is also equipped with two electric charging stations and has a bus stop out in front. NEPI Rockcastle currently operates 18 shopping centers in Romania.
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2018-12-06  09:53
CIJ Baltics
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Deals

Grinda set to sell central Vilnius real estate

Grinda UAB, a company owned and operated by the Vilnius City Municipality, is set to sell a 0.78 hectare plot in central Vilnius. The plot of land, which also contains 5 buildings, is located in a prime position between the banks of the river Neris and the Tuskulėnai Manor Park. The buildings, which have a total space of 824 sqm include administrative offices, utility rooms as well as...
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2018-12-06  09:50
CIJ Baltics
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Economy

Estonian construction market set to slow

According to SEB bank, the Estonian construction market is set to slow significantly in the near future.. SEB analyst, Mihkel Nestor stated that although "employment is at the highest level it has ever been, and the average wage is increasing by 7% each year" and "in the long term perspective at least, loan interest remains very low", the decrease in the issue of c...
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2018-12-06  09:46
CIJEurope.com
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Project News

SZDC wants Amadeus to walk away from Prague...

The new boss of SZDC, the company that maintains the physical infrastructure of Czech Railways, is looking for a way to back out of a land deal with the developer Amadeus Real. The developer agreed with the previous director Pavel Sury to buy the land around the Dejvicka train station. SZDC's new director Jiří Svoboda is hoping to convince Amadeus to forget about the deal because...
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