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2019-11-07  09:04
CIJEurope.com
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Economy

Czech industrial output returns to growth

Industrial production rose 4.9 percent in September thanks to automobile output, though momentum in that key sector is now slowing. The result was an improvement from August's 3.8 decline, but warning signs over the economy's long-term prospects continue to surface. "Industry in the Czech Republic is doing relatively well," according to the Czech Statistics Office&...
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2019-11-07  09:00
CIJEurope.com
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Company News

Carollinum to open third store on Pařižská

Tamara Kotvalová, owner of the luxury goods retailer Carollinum, says she'll be opening a new store on Pařižská street within two years. She broke the news on a Seznam TV program on women in business, adding that she already knows the location and that rents on the street are now similar to those in Vienna. Carollinum had CZK 642m in sales last year, a figure Kotvalová claims wil...
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2019-11-07  08:21
CIJEurope.com
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Company News

Metropolitan secures BREEAM Excellent...

The Metropolitan office building in Warsaw secured BREEAM Excellent certification. Located on Piłsudskiego street, the property offers 37,000 sqm of class A space in three seven-story buildings. The scheme, designed by Lord Norman Foster, is managed by Colliers International. Metropolitan received an Excellent rating for building efficiency and well as management. “Such a high rating ...
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2019-11-06  09:41
CIJ Romania
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Company News

AFI close to finalizing €300m office deal...

AFI Europe Romania is poised to take over four office buildings in Bucharest and Timisoara from NEPI Rockcastle. The deal, currently in the due diligence phase, is worth €309m, making it the largest transaction on the Romaninan real estate market this year, according to Economica.net. AFI is waiting to secure a bank loan for the purchase. The 117,500 sqm portfolio includes Timisoara C...
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2019-11-06  08:26
CIJEurope.com
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Company News

Colliers to manage Rondo Wiatraczna shopping...

Colliers International was selected to manage the Rondo Wiatraczna shopping center in Warsaw. Tenants include Pepco, KiK, Rossmann, Flying Tiger Copenhagen and Media Expert. The 11,000 sqm center is the seventh property that Colliers has taken under management this year. Rondo Wiatraczna is a modern retail-office-residential complex located in Warsaw’s Praga Południe district. The com...
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2019-11-06  08:24
CIJEurope.com
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Company News

Cream to lease three shopping centers in Poland

Cream has been named exclusive leasing agent of three shopping centers owned by Catalyst Capital in Poland. The properties include Pasaż Świętokrzyski in Kielce as well as Galeria Świdnicka and Family Point in Wrocław. Catalyst Capital’s Polish portfolio includes Pasaż Świętokrzyski (Kielce), CH Zielony Targówek (Warsaw), Galeria Świdnicka (Świdnica), Family Point (Wrocław), Nobilis B...
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2019-11-06  08:11
Key2B
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Deals

Modesta Real Estate advises Mountpark on the...

Vienna / Bratislava - Modesta Real Estate was able to support Mountpark Logistics, a leading developer of logistics real estate, in the purchase of a 30 ha development site for logistics purposes. The development of the logistics park is scheduled to begin in 2020 and will provide up to 120,000 m2 of ultra-modern logistics space. "Mountpark Bratislava" is located direct...
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2019-11-06  06:39
CIJEurope.com
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Project News

Hyper-luxury residential planned in Prague 6

A new residential project in Prague 6 appears to be going beyond the usual boundaries of what is seen as luxury, with its total value estimated at over CZK 1bn. "The price of hyper-luxury real estate starts at around CZK 150m," the project's architect Jakub Masak told Hospodářské noviny. "There are very few of these properties on the Czech market, though interest i...
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2019-11-06  06:38
CIJEurope.com
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Research

Demand for small Prague flats drives prices...

The growth in residential prices has slowed slightly, but it's still tough for Prague residents who want to move into their own flat. Many are deciding to buy smaller flats, according to JLL, since these are simpler to finance. There were 2,580 units sold in the first half of the year which was 17 percent more than in the second half of 2018. But it's 32 percent less than th...
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2019-11-06  06:38
CIJEurope.com
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Company News

DPD guys Geis Parcel CZ and SK

DPDgroup has acquired the courier company Geis Parcel CZ and Geis Parcel SK for an undisclosed price. Parcel delivery made up 25 percent of the turnover of Geis in the Czech Republic, while the figure was just six percent in Slovakia. "In the future we want to concentrate on our traditionally key activities," said one of its managing partners Hans-Georg Geis. DPD CZ and DPD ...
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