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2019-07-17  12:04
CIJEurope.com
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Deals

Tri-C Investments secures financing for...

Tri-C Investments has completed a mixed equity/mezzanine financing deal enabling the local developer GEONE's development of 110 fully furnished flats for short-term lease in Prague 4 as well as 7 luxury lofts in Holešovice – Prague 7 overlooking the river and Troja. Added to the two developments is also a standing residential unit with 10 luxury units in an affluent neighborhood...
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2019-07-17  10:51
CIJ Serbia
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Economy

Hungarian construction growth slows in May

Output within the Hungarian construction sector dropped 26.3 percent y-o-y in May, according to the latest figures published by the Central Statistical Office. Despite the slowdown, building construction was up 27 percent, and civil engineering works increased by 25.7 percent. Between January and May, construction output was up by 40.4 percent y-o-y. In May, output totaled HUF 361.5bn...
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2019-07-17  10:45
CIJ Serbia
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Project News

Boats to ease traffic congestion around...

Eco-friendly boats will offer a new public transit option around Kotor Bay along the Montenegrin coast starting next month. The initial phase will include connections between Kotor and Herceg Novi. An additional eight boats will added by next year in an effort to reduce traffic jams. The boats will be routed between Kotor, Perast, Tivat and Herceg Novi. Bela Boka is investing €5m in t...
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2019-07-17  10:37
CIJ Serbia
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Project News

New 25 km motorway connecting Montenegro to...

A new 25 km motorway between Ulcinj in southern Montenegro and the Albanian border has officially opened. The project cost €12m. A 4.75 km section between Krut and Ostros as well as a 6.5 km stretch between Ostros and Sukobin were previously reconstructed. The project is expected to ease traffic congestion along this route for local residents as well as tourists, according to Prime Mi...
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2019-07-17  10:31
CIJ Serbia
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Company News

CG Ski to build €5.5m resort in Durmitor...

CG Ski is planning to build a five-star hotel and tourist complex in Zabljak, northern Montenegro. The Mediteran complex will be developed 1,456 meters above sea level within the Durmitor National Park in an area that until recently had been used as a military resort. After signing a long-term lease contract with government to use the premises, the CG Ski has agreed to invest €5.5m in...
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2019-07-17  10:23
CIJ Serbia
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Company News

CEZ Distribution to start €1.5m transmission...

CEZ Distribution secured a construction permit to replace its transmission line and partially reconstruct two of its substations in Sofia. Plans call for replacing a 2.2 km cable that supplies power to 96,000 households and businesses in 14 districts. Completion is scheduled for mid-September. CEZ will invest €1.5m in this project. CEZ Group agreed to sell its Bulgarian assets to Euro...
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2019-07-17  10:16
CIJ Serbia
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Company News

Odelo Farba opens Sofia development center

Odelo Farba, a key Mercedes supplier, has opened a new development center in Sofia, where it will work on projects related to rear lights for automobiles. The products are scheduled to go into mass production two years after the design phase. The center is part of a €40m investment. There are currently 10 engineers working at the factory, with 20 more employees expected to join the te...
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2019-07-17  09:51
CIJ Romania
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Company News

Colliers to manage Business Garden Bucharest

Colliers International Romania was named property manager of Business Garden Bucharest. The office complex, developed by Vastint, is located in the capital’s Orhideea area. It offers nearly 43,000 sqm of class A space in three buildings, with commercial and public services on the ground floor. “Business Garden Bucharest is a valuable project in terms of concept, location and ameniti...
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2019-07-17  08:54
CIJEurope.com
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Company News

Colliers International to manage Lastadia...

Colliers International has taken over management of Lastadia Office in Szczecin. The investment is a six-story office building located on Zbożowa street in the city’s Łasztownia district. The property offers 12,500 sqm. Tenants include Szczecińska Energetyka Cieplna, home.pl, OT Logistics, mBank, Fundacja Akademickie Inkubatory Przedsiębiorczości, Asseco Poland and SGI. The owner of t...
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2019-07-17  08:53
CIJEurope.com
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Company News

LiNA Medical expands space at Goodman Poznań...

LiNA Medical has expanded its space at the Goodman Poznań IV Airport Logistics Centre by 6,400 sqm. The facility will be located in a new area of the park currently under development. The project will be in line with BREEAM Very Good certification requirements. Goldbeck is the general contractor. Construction started in May and is scheduled for completion in October. “Due to increased...
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