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2019-11-11  11:29
Svoboda & Williams
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Company News

Svoboda & Williams Expands to Slovakia

Svoboda & Williams, a renowned real estate agency with Czech roots that has been active on the domestic real estate market for almost two decades, started offering its services in Slovakia this spring. The agency is the exclusive affiliate of Christie’s International Real Estate for Slovakia. This prestigious global network offers properties in the most sought-after locations worl...
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2019-11-11  09:55
CIJ Romania
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Company News

Metropolitan Residence to invest €100m in...

Metropolitan Residence is planning to invest €100m to develop Crown Towers in northern Bucharest. The mixed-use project will include 230 apartments as well as office and retail space. Plans also call for a leisure center. The scheme will go up in two phases. The first phase will feature 156 apartments and an office building, which is scheduled for completion at the end of 2021. Apartm...
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2019-11-11  07:37
CIJEurope.com
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Deals

CPI buys Equator IV in Warsaw from Karimpol...

The Czech-based CPI Property Group has acquired the Equator IV office building in Warsaw from its developer Karimpol Group. Located on Aleje Jerozolimskie, the building offers more than 20,000 sqm of office space and 226 parking places. Karimpol Group completed Equator IV in 2018 and is selling it with 10 percent vacancy. "It's a high quality addition to the Warsaw portion o...
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2019-11-11  07:36
CIJEurope.com
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Economy

Low savings rates hitting Czech mortgage volumes

Czech banks were expecting to hand out CZK 200bn in mortgage loans, but it's now clear that the market has slowed far too much to make this feasible. As of September, consumers were already CZK 30bn behind the pace of 2018 and they're showing few signs of turning things around. Tougher rules on who qualifies for a mortgage and runaway prices for real estate have hit demand h...
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2019-11-08  08:38
CIJ Romania
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Company News

Google leases entire floor at Unirii View in...

Google has leased an entire floor at the Unirii View office building in Bucharest, where it will open a research center and hire 50 people, according to local news reports. The floor offers more than 1,000 sqm of space. The building was developed and completed at the end of 2018 by Belgian entrepreneur Yves Weerts, in collaboration with Speedwell. The investment is valued at €33m. Un...
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2019-11-08  08:24
CIJEurope.com
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Company News

InPost leases 6,150 sqm at P3 Piotrków

InPost has leased 6,150 sqm of warehouse and office space at P3 Piotrków. The company will use the warehouse space for its new logistics service, InPost Fulfillment, which targets e-commerce clients. P3 Piotrków is one of the largest warehouse parks in central Poland. The park is located in Wola Bykowska, near Piotrków Trybunalski, at the intersection of the A1 motorway and the E75 an...
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2019-11-08  08:23
CIJEurope.com
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Company News

Maxfliz leases 1,000 sqm at City Logistics...

Maxfliz has leased 1,000 sqm of warehouse space at Panattoni’s City Logistics Warsaw Airport. The homeware retailer was represented by Cresa Poland. The facility is located 9 km from the center of Warsaw and offers 10,715 sqm of space. “The Warsaw market has been a natural destination for Maxfliz in which to grow. For our new 2,000 sqm store at 452 Puławska street, which opened in Oct...
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2019-11-07  15:16
CIJ USA
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Company News

Treetop secures $120.8m in refinancing for...

Treetop Development has secured $120.8m in permanent refinancing for a 917-unit apartment building in the Far Rockaway neighborhood of Queens, New York. Berkadia sourced the funding through Freddie Mac with a 10-year term, five-year interest-only loan. Berkadia also arranged $25m in preferred equity through entities affiliated with Pennybacker Capital. The property falls under Freddie...
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2019-11-07  15:13
CIJ USA
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Deals

Ashcroft Capital buys Amber Lakes for $49m

Ashcroft Capital buys Amber Lakes, a 278-unit apartment complex in the Orlando area, from Aspen Square Management for $49m. The property traded for $176,259 per unit. Amenities include a fitness center, two swimming pools, a sundeck, a lakeside beach and a dog park. Berkadia represented the seller and secured $36.8 million in acquisition financing on behalf of the buyer.
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2019-11-07  15:12
CIJ USA
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Deals

DSC Partners acquires Mary;and...

DSC Partners has secured a $138m loan for the purchase of an office and industrial building portfolio with 28 properties. Located in Montgomery County, Maryland, the 1.3 million sq ft portfolio includes three office parks, the MetroPark North campus in Rockville and the WesTech and Meadows business parks in Silver Spring. Major tenants include the US government, MedStar Health, Childr...
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