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2019-03-20  10:59
CIJEurope.com
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Research

With prices on rise, homebuyers look to east...

With German housing prices on the rise across the country, more and more potential homebuyers are flocking to eastern cities like Dresden and Leipzig, where standard two-bedroom apartments are more affordable when compared to the offering in Hamburg and Munich, reports the New York Times. Since the start of the decade, prices across Germany have seen a 65-percent hike, according to nu...
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2019-03-20  10:58
CIJEurope.com
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Deals

CBRE GI sells Europaring 11 logistics...

CBRE Global Investors has sold the Europaring 11 logistics building in Straubing, southwestern Germany, to a Savills Investment Management fund. The prices of the deal was not disclosed. Initially used as a tire warehouse, CBRE GI changed the 36,500 sqm building’s use and leased it to Encory, a joint venture between BMW and the ALBA Group, last year. The property is located just 9 km ...
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2019-03-20  10:46
CIJEurope.com
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Company News

Metro selling majority stake in Chinese...

Germany’s Metro AG has called for bids for a majority share its Chinese network of 95 stores which it values at around $2 billion. Potential buyers include supermarket operators Wumart and Yonghui, while the electronics retailer Suning Holdings Group is also believe to be considering a bid. Citigroup and JP Morgan will advise Metro, which announced that the first round of non-binding ...
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2019-03-20  10:20
CIJEurope.com
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Research

Czech mortgage rates stabilize at 3%

The upwards spiral of mortgage rates halted in February at least momentarily, with the average interest rate even falling slightly to 2.99%. Otherwise, the number and volume of mortgages completed during the year's shortest month was nearly the same as in January. In all, 4,961 mortgage loans worth CZK 10.8bn were completed in January, slightly less than the 4,764 figure from the...
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2019-03-20  10:18
CIJEurope.com
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Company News

T.E completes construction of resi scheme in...

The developer and construction group T.E has completed Milhouse, its 5-storey apartment building with 14 residential units in the center of Brno. In addition to classic flats, the design by Chybík+Krištof also offers lofts with 6-meter ceilings and commercial space. It's located on the corner of Mlýnská anad Masná streets. "Milhouse is our first ever project in Brno," s...
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2019-03-20  10:06
CIJEurope.com
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Company News

Veeam recruiting for Prague IT development...

The Swiss cloud data storage company Veeam Software is on course to build a development team of 500 programmers in Prague within five years. Martin Štětka, head of its Czech branch, says the company plans to spend CZK 3.4bn assembling what would be its largest development center anywhere in the world. His goal is to hire around 100 programmers per year and that he's already one-f...
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2019-03-20  10:06
CIJ Romania
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Company News

Helios Phoenix planning new industrial...

Helios Phoenix is set to start construction on its the fourth industrial project in Romania at the beginning of the second quarter of this year. The scheme will go up in phases in Cluj. The first phase will include 14,000 sqm. Once completed, the project will offer between 45,000 sqm and 60,000 sqm, according to Florin Popescu, head of asset management at the Greek developer. Helios P...
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2019-03-20  10:04
CIJEurope.com
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Construction

Work on new Prague metro line to get...

The beginning of construction of Prague's fourth metro line, the D line, could begin as early as this summer. It's encouraging news for pessimists who have come to doubt the city's ability to carry out large investments, possibly indicating that the new administration is serious about achieving its goals. Mayor Zdeněk Hřib said that a geological study could get underway...
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2019-03-20  09:55
CIJ Serbia
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Company News

Meininger Hotel opens in Budapest

Meininger Hotels has opened its first property in Hungary. Meininger Budapest Great Market Hall is located in Budapest next to the Central Market Hall at Fovam ter. The 6,600 sqm hotel is close to the Danube River and offers 184 rooms on seven floors as well as underground parking and community rooms. The interior design was done by the German studio Ratschko. Meininger is a budget ho...
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2019-03-20  09:48
CIJ Serbia
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Company News

Strabag signs HUF 24.7bn deal to upgrade...

Strabag Hungary was hired to renovate the southern section of the M3 metro line in Budapest. The contract is for HUF 24.7bn with the completion of works scheduled for 2020. Strabag will be upgrading five stations and laying new tracks. The Austrian construction company was previously put in charge of renovating the metro line’s northern section in 2017. Currently, no contractor has be...
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