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2020-02-20  12:42
CIJEurope.com
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Deals

Warburg acquires Munich office building from...

Warburg HIH-Invest Real Estate will buy the Paseo Carré property development in Munich through a forward funding deal from M-CONCEPT Real Estate, a builder and property developer. The office building is located on Offenbachstrasse and Landsberger Strasse and offers a gross floor area (GFA) of 7,600 square metres. It's been earmarked for an individual fund of the RVK pension schem...
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2020-02-20  11:10
CIJEurope.com
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Company News

CA Immobilien predicts €450m portfolio...

CA Immobilien expects that the favorable market conditions in Germany will help drive a €450m revaluation of its property portfolio for 2019. It's already booked €193.5m for the first three quarters of the year but anticipates a further improvement of €260m for the last three months. This would place the value of CA Immo's property portfolio ar roughly €5.2bn as of Decembe...
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2020-02-20  10:59
CIJEurope.com
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Deals

Garbe buys two logistics assets in northern...

GARBE Industrial Real Estate has just acquired two logistics properties in northern Germany for its German institutional fund GARBE Logistikimmobilien Fonds Plus (“GLIF+”). The purchased assets with their combined gross lettable area of around 63,000 square metres are situated in Norderstedt, a well-established location in the Hamburg metro region. The two logistics properties are ful...
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2020-02-20  10:57
CIJEurope.com
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Deals

Westbrook sells Kontorhaus in Frankfurt to KanAm

Grund Group has purchased the Kontorhaus in Frankfurt, a 6,400 sqm office building which is currently fully let. Located on Mainzer Landstrasse, the primary tenant is Deutsche Bahn but it also houses a large doctors’ surgery and a fast food restaurant. The Gallus district in which the building is situated is a rapidly modernizing part of the central business district which includes th...
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2020-02-20  10:55
CIJEurope.com
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Economy

Czech automobile sector the next potential...

Cruise ships stuck in Asian ports are dominating the coronavirus crisis news, but Czech companies are already coming down with one of the complications of the disease: a lack of parts. Countless numbers of Chinese manufacturing companies have stopped sending their supplies of parts that are critical for European electronic and automobile producers. The daily Hospodářské noviny, which ...
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2020-02-20  10:54
CIJEurope.com
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Company News

Penny continues the supermarket salary war

In a sign that discount retailers are continuing to use salaries as a weapon in the fight for market share, Penny is giving its staff a CZK 1,000 raise. Those in the most junior positions will have a basic wage of CZK 24,000 while the most experienced employees will be on the books at CZK 30,000 gross. Penny is calculating this as a 5 percent hike. It makes working for the growing ret...
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2020-02-20  10:53
CIJEurope.com
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Company News

Primark to open second Czech store in...

Primark will be opening a second store in the Olympia shopping center in Brno, according to the website mediar.cz. The company, which is working on opening its first store on Wenceslas Square, will open the 3,600 sqm Brno store in 2022. The deal is reported to have been signed earlier this week. "Since announcing the opening of the first Czech store in Prague we had been anxiousl...
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2020-02-20  10:06
Svoboda & Williams
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Project News

Svoboda & Williams Exclusively Appointed...

The Svoboda & Williams real estate agency has received an exclusive instruction to mediate the sale of units in the boutique Viladům Vršní project, which is currently being built in the Prague neighborhood of Kobylisy. The six-story building will offer 17 apartments and 2 non-residential premises on the ground floor. Viladům Vršní is located in Kobylisy, a Prague neighborhood w...
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2020-02-20  09:44
CIJ Romania
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Company News

Urbano developing logistics park in Cluj-Napoca

Urbano is investing €14m to develop a logistics park in Cluj-Napoca. Urbano Cluj Vest will offer 24,000 sqm of class A space. It is going up in the city’s Floresti-Gilau area, with direct access to the DN1 motorway and 15 km from the Avram Iancu International Airport. Construction is scheduled for completion by the end of the year. The tenant mix will include Schuller Eh'klar a...
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2020-02-20  07:35
CIJEurope.com
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Company News

Agart-Pro expands at Segro Business Park...

Agart-Pro has renegotiated its warehouse lease at Segro Business Park Warsaw in Ożarów. The confectionery distributor now leases 1,200 sqm. It was represented by Cresa Poland. Segro Business Park Warsaw includes more than 76,000 sqm of space in eight buildings. The property offers the possibility of developing projects with a combined area of 8,000 sqm. It also has warehouse spaces av...
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