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2018-12-28  10:57
CIJEurope.com
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Economy

Trade Minister: Serbian IT market needs...

Serbia's State Secretary of the Ministry of Trade said she expects the value of the country's IT market to increase 8 percent this year compared to 2017. Tatjana Matic says the total value was expected to be €522.7m, adding that the market for packaged software would grow 10.4 percent, while IT equipment delivery would see a bump of just 2.6 percent. The numbers mean that IT...
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2018-12-28  10:53
CIJEurope.com
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Economy

Serbian bank lending volume rises 7.7%

Lending volumes continued to grow in the third quarter of 2018 thanks to strong economic growth and favorable movements in the labor markets, according to a study from the Serbian National Bank (NBS). It writes that interest rates continue to run at nearly record lows. The favorable lending conditions are being helped by the ongoing policy of monetary easing, while the fall in the cou...
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2018-12-28  10:52
CIJEurope.com
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Research

Bulgarians less optimistic about 2019

Bulgarians are not optimistic about the coming year, according to a new Gallup International survey. The Sofia News Agency reports that 30 percent of its citizens expect 2019 to be worse compared to 2018, while just 22 percent believe that it will end up better. Gallup carries out the "Global Index of Hope" each year internationally. The level of optimism has fallen 8 percen...
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2018-12-21  16:37
CIJ USA
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Company News

Gilbane to oversee construction of Live!...

The Gilbane Building Company has been named general contractor for Live! Casino & Hotel Philadelphia. The $700m project, being developed by The Cordish Companies, will include a 1.5 million sq ft facility with 2,200 slots and electronic table games, 150 live action table games, a boutique hotel, restaurants and entertainment venues. There will also be parking for 2,700 vehicles. G...
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2018-12-21  16:35
CIJ USA
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Project News

Urban Investment, United NYA to build condo...

Urban Investment Partners and United NYA secured a $35m construction loan for the development of a condominium building in Washington, DC. Located in the city’s NoMa submarket, the 99-unit project is block from the NoMa-Gallaudet University metro station. The 13-story project will feature a mix of one- and two-bedroom homes along with three penthouses. Holliday Fenoglio Fowler secured...
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2018-12-21  16:34
CIJ USA
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Project News

Capital Investment starts developing Allure...

Capital Investment Group broke ground on a new apartment complex in Orlando’s Lake Mary submarket. Allure on the Parkway will include 290 one- and two-bedroom units, ranging from 650 to 1,400 sq ft. The $60m scheme will feature a 5,000 sq ft clubhouse, computer workstations, a golf simulator room and a pet park. The property will also offer a parking garage. “We are very excited to b...
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2018-12-21  16:32
CIJ USA
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Deals

Disney buys raw land in Osceola County for $23m

The Walt Disney Company paid $23m for 965 acres of raw land in Osceola County, Florida. The land is located just southeast of Walt Disney World, near near Disney's master-planned community, Celebration. The property, formerly the the site of BK Ranch, is currently zoned for 3,000 homes, a community center, park areas as well as commercial and office space. However, the property’s...
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2018-12-21  10:50
CIJEurope.com
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Company News

DPD CZ is the new tenant in the Nad...

Svoboda & Williams has mediated the lease of 1,143 sq. m. of office space to the Czech branch of DPDgroup. The new Prague headquarters of this European provider of parcel services will be the administrative Nad Petruskou 1 Functionalist villa, located in a quiet part of Vinohrady (Prague 2) only a few steps away from Havlíčkovy Sady Park. The First Republic era architects Tomáš...
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2018-12-21  10:40
CIJEurope.com
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Deals

TAM buys 9 Slovak retail parks from KLMre

Tatra Asset Management (TAM) has acquired a portfolio of nine regional retail parks in Slovakia. The seller, which was represented by the real estate consultancy company CBRE, is KLM Real Estate (KLMre). The deal includes the pre-emptive right for other retail parks that the developer is currently preparing. The portfolio is composed of retail parks spread across much of Slovakia and ...
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2018-12-21  10:37
GVA Activ Property Services
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Events

PEPCO OPENED A NEW STORE IN MILCOV SHOPPING...

Activ Property Services brokered the lease of a 400 sq m space for the Polish retailer PEPCO, located at the ground floor of Milcov Shopping Center in Focsani, which reaches a 100% occupancy rate. Milcov Shopping Center has 7,000 sq m spread along ground floor and 4 upper floors, being located in the downtown area of Focsani, at 64 Republicii Street. With a history of more than...
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