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2020-02-11  11:09
CIJEurope.com
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Economy

Czech banks competing for client savings...

Czech banks have jumped into action following the central bank's raising of the country's basic interest rate by offering customers better savings rates. Leading the pack is Trinity bank, which now offers clients with more than CZK 1 million in the bank 2.08 percent. Those with less spare change will have to make due with the bank's improved offering of 1.88 percent, bu...
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2020-02-11  09:49
CIJ Romania
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Company News

One Herastrau Towers secures Green Homes...

One Herastrau Towers secured Green Homes pre-certification from the Romania Green Building Council. The project, being developed by One United Properties in northern Bucharest, will include 5,055 sqm of commercial and office space as well as 139 apartments in two towers. There will also be two levels of on-site parking. The developer has already sold 120 of the apartments.
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2020-02-11  08:33
CIJEurope.com
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Appointments

Cushman & Wakefield Poland appoints four...

Michał Galimski, Zuzanna Krech, Adam Schroeder and Marcin Siewierski have been appointed regional heads of the office agency team at Cushman & Wakefield. Krech has worked for Cushman & Wakefield for five years. She has built a strong regional team in Łódź and Poznań, and is also responsible for business development in other Central Poland markets. She represents both tenants...
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2020-02-11  08:31
CIJEurope.com
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Appointments

Colliers strengthens industrial and...

Krzysztof Kienorow was promoted to partner of Colliers International’s industrial and logistics agency, while Grzegorz Paluch was named director of the department, and Łukasz Grupa was appointed associate director. Kienorow joined the industrial and logistics agency in 2010. In his new role, his responsibilities will include development of the business line, building and strengthen...
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2020-02-10  11:12
CIJEurope.com
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Research

Pardubicky: Prague flat prices will double again

The price of apartments in Prague is set to double in the next ten years, according to the director of one of the largest residential developers in the city. "I don't believe in price ceilings," said Tomáš Pardubický, who leads the developer Finep, who told the daily Idnes.cz he thought that community living arrangements would turn out to be a popular, inexpensive resid...
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2020-02-10  11:11
CIJEurope.com
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Project News

City of Prague explores buying land in...

Novinky.cz reports that the city of Prague is considering buying a huge piece of land called Trojmezi that spills over the borders of Prague 10, Prague 11 and Prague 15. The controversy over what to do with the land has been a huge issue for local politicians in the area as it's owned by powerful business interests. City councilor Jana Chabra said she expected the price to run in...
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2020-02-10  11:02
CIJEurope.com
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Company News

Axa selling Czech and Slovak business to Uniqa

The Axa financial group is selling off its assets in the Czech Republic, Poland and Slovakia to the Uniqa Insurance Group. Axa has insurance and pension fund activities in the Czech Republic having sold off its Axa bank units in 2013. Reuters broke the news that Axa would be leaving the region back in October, describing it as part of a restructuring effort of the company. The issue d...
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2020-02-10  09:50
CIJ Romania
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Company News

Uniprest Instal, Norm Fasteners moving to P3...

Uniprest Instal and Norm Fasteners are joining the P3 Bucharest A1 tenant mix. The companies signed lease agreements on more than 6,300 sqm of space. P3 Bucharest A1 currently offers 380,000 sqm in 14 warehouses. An additional 100,000 sqm of logistics space could be added in the future. The property also has direct access to the A1 motorway as well as the pan-European Corridor 4. “We...
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2020-02-10  09:03
CIJEurope.com
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Company News

KGAL investment fund acquires Prosta Office...

The KGAL investment fund has acquired the Prosta Office Centre in Warsaw from Cromwell Property Group. Savills and Greenberg Traurig advised Cromwell Property Group, while KGAL was represented by Colliers and DLA Pipers. Prosta Office Centre was developed in 2006 and offers 20.000 sqm of office space. Tenants include the Gremi Media publishing house, Rzeczpospolita, Oracle, Caterpilla...
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2020-02-10  09:02
CIJEurope.com
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Company News

Take-up on Poland's office market hits...

Demand in the Polish office sector hit a record-breaking 1.6 million sqm last year, with 693,000 sqm of the total leased outside Warsaw, according to JLL. Total stock exceeded 11 million sqm. Regional markets accounted for 5.6 million sqm, outperforming the capital for the first time. “Such an excellent result is primarily due to the spectacular performance of Kraków, where 267,000 sq...
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