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2019-04-24  12:19
CIJEurope.com
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Deals

Nagel sells storage portfolio to Tristan and...

Barings and CCP5 LL (a core-plus real estate fund by Tristan) have acquired a portfolio of cold storage facilities in Germany and Denmark from the Nagel-Group in a sale and leaseback transaction. The portfolio contains 34 warehouses covering a total of 260,000 sqm with 26 of them based in Germany and the other 8 being in Denmark. CCP5 LL acquired 27 of the assets, leaving the last 7 t...
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2019-04-24  12:15
CIJEurope.com
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Deals

BVK/GBI complete debut hotel acquisition in...

BVK and GBI AG have acquired their first hotel property, the Lindner Hotel Am Michal in Hamburg. The hotel contains 259 modern rooms, and large event and conference spaces. BVK and GBI have teamed up to invest and manage hotel properties in the German speaking countries via a new fund set up by Frankfurt-based Universal Investment with an initial investment of €500m. The strategy of t...
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2019-04-24  10:25
CIJEurope.com
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Economy

Czechs consider implementing bank tax

Czech Social Democrats (CSSD) think the Czech Republic should join the list of Central Europe countries that has instituted bank taxes to help fill its coffers. The party is looking for ways to pay for its priorities, which include raising pensions by CZK 33bn. The party's chairman Jan Hamáček met yesterday with union leaders who are pushing for wage hikes in the public sphere, w...
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2019-04-24  10:21
CIJEurope.com
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Project News

City budgets CZK 260m to bring trams back to...

The City of Prague has calculated the cost of bringing trams back to Wenceslas square at CZK 260m, according to the daily Denik.cz. However, this only covers the cost of building the 600 meters of rails that would connect Vinohrady Street with the square, but not associated costs. The biggest of these could end up being the reinforcement of the metro vestibule that runs beneath the Ma...
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2019-04-24  10:20
CIJEurope.com
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Politics

Will Prague set up central construction...

Prague Deputy mayor Petr Hlavacek has suggested that a central construction office could rule on construction permit applications for all projects above 4,000 sqm. Speaking at a workshop on building in the capital city, he said that the current network of 22 construction offices would remain in place, deciding on all of the applications for smaller projects. But he admitted that while...
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2019-04-24  10:15
CIJ Serbia
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Company News

AD Plastik in Hungary to produce parts for...

The Croatian-based company AD Plastik has signed new contracts to produce and will produce automobile components for the EU market. The value of these contracts is €10.2m. The company will produce part for for Suzuki, Audi and BMW. The total value of these jobs will be €3.5m. For Suzuki, the company will be producing refrigerator linings while outer door lining and bumper components w...
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2019-04-24  10:11
CIJ Serbia
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Company News

Huawei will open digital transformation hub...

Huawei plans to open a digital transformation hub for the Western Balkans in Serbia that it claims will provide a platform for local ecosystems developments. This project will cover digital transformation in the public, financial, education, energy and transport sectors. The Chinese company signed a memorandum of understanding with the Serbian government for the development of a smart...
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2019-04-24  10:10
CIJ Romania
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Company News

City Garden completes Apollo D'or...

The developer City Garden has completed Apollo D'or Downtown Residence, a residential project in Bucharest, following an investment of more than €5.5m. The project has 40 apartments and includes 48 underground parking spaces, an indoor courtyard, terraces and gardens, two lifts, reception and a lobby. Prices for units start at €131,900 plus VAT and go up to €449,000. Apollo D...
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2019-04-24  10:07
CIJ Serbia
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Company News

Konzum expand store network in Bosnia

Konzum, Croatia's largest supermarket chain, is expanding its network in Bosnia by opening a new store in Sarajevo on Kemal Begova 11 street. It's being built within a new residential project. The 300 sqm will provide a new retail concept to its customers. Konzum plans further investments in the country and improvements to its network of 160 stores. It recently completed the...
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2019-04-24  10:00
CIJ Serbia
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Project News

Bosnia to open new customs terminal in Gradiska

A new customs terminal will be operational by the end of May in northern Bosnia. The €12m investment is located in Gradiska where was invested €12m at the end of a highway running from Banja Luka. It's hoped the terminal will reduce massive border congestion since it's the only transit point for north Bosnia. The new terminal will have a complete range of services for truck ...
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