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2019-02-20  10:01
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Company News

Prologis ramps up spec development in Czech...

Prologis grew its CEE portfolio of warehouse real estate last year to 4 million square meters, of which 1.1 million square meters are located in the Czech Republic. It completed 118,000 sqm of new space during the last year in four buildings, located near primary markets like Prague, Brno and Pilsen. On the leasing front, Prologis secured signatures on 285,000 sqm worth of renewals an...
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2019-02-20  09:58
CIJ Serbia
Company News

Discovery Life Science acquires Sofia Med

Discovery Life Science has acquired Sofia Med. The price of the deal was not disclosed. The US pharmaceutical company will take over Sofia Med’s network of human biospecimen collection sites in Bulgaria, Poland, Romania and the Czech Republic. The transaction is in line with Discovery Life Science’s plans to expand its research and development support services across Europe. The compa...
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2019-02-20  09:44

Babiš unveils "new" Czech...

Czech prime minister Andrej Babiš says the country must move beyond acting like a huge assembly line for the rest of the world. Unveiling his government's innovation plan to move the country into the European elite, he said, "We're going to change the long-term character of our economy. We want to be involved in final production, creating added value." Such a shift...
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2019-02-20  08:43
CIJ Romania
Company News

Globalworth completes Renault Bucharest...

Globalworth completed construction on the Renault Bucharest Connected (RBC) project. The scheme, located in western Bucharest, offers 58,000 sqm of office space. It also includes a design center. The project is set to receive BREEAM Excellent certification. Construction took one and a half years to complete. Renault Group is planning to consolidate its Bucharest operations and relocat...
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2019-02-20  08:39
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Company News

7R, MFC, DIL Polska Baumanagement to invest...

Polish developer 7R entered into a joint venture with asset and investment manager MF Capital (MFC) and DIL Polska Baumanagement, an expert in real estate project management. The companies are planning to to deliver MFC-7R City Flex Warsaw Airport I in 2019. “The airport location fits perfectly within the 7R City Flex Last Mile Logistics concept. Thanks to the smooth cooperation with ...
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2019-02-20  08:38
Company News

MLP Group to build new logistics park near...

MLP Group will build a new logistics park in the vicinity of Lublin. The scheme will offer a total of 51,500 sqm of industrial space. “We continue to encounter extensive interest among prospective tenants in modern warehouse space in the Lublin area. That is why we would like to enlarge our offer by launching a second logistics park located on this market. We intend to kick off its co...
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2019-02-20  08:37
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Company News

Tillberg Design leases 1,000 sqm at Nowy...

Interior design studio Tillberg Design of Sweden has leased 1,000 sqm at the Nowy Targ office building in Wrocław. Knight Frank advised the tenant during the lease process. The building, which is currently under development by Skanska, will offer 22,000 sqm on seven floors. The project has been designed in accordance with LEED Platinum certification and is also to be certified under t...
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2019-02-19  17:42
CIJ Serbia
Project News

Hotel development in Hungary rising

The number of tourists visiting Hungary in the first half of 2018 reached 5.5 million. The crowds are attracting new investors, developers and hotel operators who see growing potential in the country. There are currently 18 hotels in the 3 to 5-star range under construction, with most of them located in Budapest, according to CBRE. Reporting from a recent hotel conference in the city,...
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2019-02-19  10:34
GVA Activ Property Services
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Real estate properties of over 1.3 billion...

„The positive evolution of the local real-estate market brought over 1,425,000 sq m GLA of new retail, office and industrial completions last year in Romania. The market value of these properties is estimated at over 1.3 billion Euro, marking a 21% annual jump.” says Cristian Negrea, Head of Valuation Department at Activ Property Services. The main source of growth came especiall...
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2019-02-19  10:10
CIJ Serbia
Company News

New solar energy park in AUDI Hungaria plant

AUDI Hungaria will be building a new solar plant in its plant in Gyor together with E.ON Hungaria. It will be placed on the roofs of two logistics warehouses at the facility covering a total of around 160,000 sqm. Peak output of 12 megawatts is envisioned for the photovoltaic energy system, which is being described as the largest to be installed on buildings anywhere in Europe. Instal...
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