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2020-01-07  08:15
Company News

Dekpol developing multifunctional complex in...

Dekpol broke ground on a multifunctional complex near Lech Wałęsa Airport in Gdańsk. The project includes a warehouse and machine hall and a two-story office building, totaling 3,000 sqm. The investment is being developed for Kurt König Maszyny Budowlane Polska, which has been operating on the Polish construction market for the last 20 years. The cost of the project has not been discl...
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2020-01-06  12:00
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Project News

Work could begin in 2024 on extension of...

The Czech Highway Authority (RSD) has decided that just one EIA will be required for the construction of two sections of the northern portion of Prague's outer loop express road. The ruling means that construction could move forward on the first of them could begin in 2024, while work on the second could begin in 2025. Once completed, motorists could avoid the city center using t...
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2020-01-06  10:47

Portiva makes CZK 250m debut acquisition in...

The investment group Portiva has acquired a 5,000 sqm retail park in Ivančice in the south of the Czech Republic from the Austrian development group Aventin. The CZK 250m investment is just the first portion of a CZK 2bn package of retail park that Portiva is due to acquire in the coming years, according to Hospodářské noviny. "We've signaled our entry into the commercial re...
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2020-01-06  10:45
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New P+R lots opening around Prague

With the growing number of people living on the outskirts of Prague, pressure on the city's transportation system is being stretched to its limits. Prague's current leadership promised to re-start the construction of new Park & Ride facilities to encourage commuters to leave their cars on the edge of town and continue in using public transportation. Two new P+Rs opened a...
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2020-01-06  09:46
CIJ Romania
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Company News

Atenor secures building permit for @Expo

Atenor secured a building permit for its @Expo project in Bucharest. The scheme will offer 49,000 sqm of leasable space. It will go up next to a future metro station, which will provide a direct link to Henri Coanda International Airport. The developer said it already signed a pre-lease with video game publisher Gameloft, which will take 4,800 sqm. The project, to go up in the northwe...
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2020-01-03  11:59

Deloitte CZ: Economy comes in for soft landing

Those hoping the Czech economy would come in for a soft landing from its extended boom should be happy, according to the newest research from Deloitte. The consultancy had been slightly less optimistic a year ago, predicting that growth would fall to 2.2 percent in 2019. As of the end of the third quarter, however, GDP growth for the year stood at 2.5 percent. Consumer activity helped...
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2020-01-03  10:54

Czech government insists new construction...

The Czech Ministry of Regional Development (MMR) continues to promise passage of a new construction that would reduce construction permit waiting periods from 5.5 years to just one. But Hospodářské noviny reports that the government's bill has numerous enemies, like conservationists, local politicians and environmentalists, all of whom are working to block or sidetrack its path t...
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2020-01-03  10:19

Czech online spending jumps 15% to €6.12bn...

Driven by a surge of spending in the second half of the year, Czechs spent CZK 155m (€6.12bn) online in 2019, 15 percent more than in 2018. The Association for Electronic Commerce (APEK) writes that the Christmas spend was particularly strong. Its data was backed up by findings from the Czech Statistics Office, which recorded a 17 percent rise in online spending in October. "In t...
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2020-01-03  09:22
Company News

Waimea Holding to build Logistic Park...

Waimea Holding is planning to develop a logistics park on a 12.9 ha plot in the village of Topołowa just outside Warsaw. Construction on the first of two warehouse buildings of Logistic Park Teresin is scheduled to start this year. The project will eventually offer 48,600 sqm of total leasable area. The investment will also include 242 parking spots with 15 spaces for lorries, 96 tran...
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2020-01-03  09:21
Company News

Karuzela Holding, Mitiska REIM developing...

Karuzela Holding and Mitiska REIM laid the foundation stone for a new shopping center in Ełk, northeastern Poland. The Karuzela shopping center will offer 30 stores, including a Bi1 hypermarket as well as Pepco, Sinsay, Cropp, House, CCC, KiK and Media Expert. Completion is scheduled for the end of 2020. The investment is valued at PLN 100m and is the first project Karuzela Holding an...
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