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2019-04-25  14:20
Svoboda & Williams
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Company News

Svoboda & Williams Has Brokered the...

The Svoboda & Williams real estate agency has brokered the lease of 828 sq. m. of non-residential space for the Prague branch of the Schill Dental Clinic. The private clinic’s new dentist’s offices are located in the innovative, low-energy Main Point Pankrác building. “I first met with Dr. Schill in 2011 when he was considering expanding his clinic to Prague. In 2016, the Schil...
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2019-04-25  10:55
CIJEurope.com
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Construction

Rising Prague rents sparks demand for...

The Czech daily Denik writes that rising prices for apartment rentals is causing serious difficulties for students in Prague. For years, students have been able to find places to live by renting apartments together and splitting the costs. Recently, however, students are being squeezed out by rising rents. A recent study by Colliers International and CMS showed that Prague students ar...
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2019-04-25  10:48
CIJEurope.com
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Project News

Panattoni building factory for Group...

Panattoni Europe will be working with the French automobile components supplier Group Plastivaloire to build a new production facility in Nýřany na Plzeňsku along the D5 motorway. The daily E15 reports that the company will be producing transmission part together with its supplier Filtration Group. "Transactions like this one rarely come together," said Panattoni Europe'...
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2019-04-25  10:42
CIJEurope.com
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Project News

Accolade plans new 80,000 sqm industrial...

The Czech investment group Accolade is planning to build a new industrial building in the Karlovy Vary region in Okrouhlá u Chebu. Planning has been in place for this type of project since 2013 and Accolade expects to complete the 80,000 sqm structure by 2021. Accolade began discussions with the municipality last summer. Jiří Stránský, director of development at Accolade, said the com...
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2019-04-25  10:24
CIJ Serbia
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Company News

Cordia to finance five projects in Budapest

The company Cordia has secured financing for five projects in Budapest from OTP Bank, Takarek Group and Sberbank. The total value of the new funding is HUF 27.7 billion. OTP Bank is backing the first two stages of Cordia's District 13 Marina Life project plus its Akademia Garden scheme with a HUF 17.5bn loan. A further HUF 5.6bn was secured from Takarek Group for the third stage ...
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2019-04-25  10:17
CIJ Serbia
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Economy

Budapest's hotel market expanding

The German low budget hotel and hostel chain A&O is planning to debut in Hungary. To be located on Csengery utca in a refurbished office building, the hotel's opening is planned for August. The hotel will offer 412 beds in 108 rooms. Growing demand for low-budget hotel accommodations is being met by other new investments, according to the Budapest Business Journal. It notes t...
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2019-04-25  10:17
CIJEurope.com
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Company News

Specjał Group moves to 7R City Flex Szczecin

The Specjał Group, an FMCG retailer has relocated its Western Pomeranian branch to 7R City Flex Szczecin. Its new wholesale warehouse will total 4,700 sqm. The tenant was represented by Cresa in the leasing process. “The Specjał Group is yet another company to have opted for our 7R City Flex Szczecin, which is now fully leased. It follows our previous deal with Specjał, which is also ...
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2019-04-25  10:15
CIJEurope.com
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Company News

Panattoni Europe to build for ELTEK Poland

Panattoni Europe is planning to build a production and warehouse facility for ELTEK Poland, the Italy-based company, which manufactures electromechanical components for the automotive and medical sectors. The facility, which ELTEK will take ownership of upon completion, will be located in Bielsko-Biała and will offer 11,400 sqm of total space. Completion is scheduled for the end of 2...
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2019-04-25  10:14
CIJEurope.com
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Company News

LC Corp sells two office buildings in Poland

LC Corp has concluded preliminary contracts for the sale of the Silesia Star office complex in Katowice and the Retro Office House office building in Wrocław. The contracts signed with Ingadi and Artigo are for more than €113m. The transaction is to be completed by August 15th 2019. Silesia Star is an A-class office compound, composed of two buildings with 27,000 sqm of total floor sp...
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2019-04-25  10:09
CIJ Serbia
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Construction

Serbia's Ministry of Defense has begun...

Serbia's Ministry of Defense has begun construction of a residential complex for members of the security forces in Kragujevac, within the Denino brdo settlement. In all, 480 units are to be built, with 216 planned in the project's first stage. Minister of defense Aleksandar Vulin was on hand to place the cornerstone of the new complex, which will offer accommodations for €43...
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