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2019-02-18  10:56
CIJEurope.com
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Company News

GEG acquires two German office properties...

GEG German Estate Group has expanded its property property portfolio with two acquisitions, totaling approximately €140m. Karl-Arnold-Platz 1 (KAP1) in Dusseldorf’s Kennedydamm submarket was acquired from Bayerische Versorgungskammer, while the second office property, located in Mainz, was purchased from a fund managed by KGAL GmbH. KAP1 offers 9,500 sqm of leasable space, 70 percent ...
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2019-02-18  10:33
CIJEurope.com
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Project News

Tesco in Hradec Králové closed until November

In Hradec Králové, Denik.cz reports on the closure for repairs of Tesco, which is now undergoing a CZK 200m renovation. The grocery store space will be reduced, while new escalators will be installed and a direct connection to the neighboring Atrium shopping center will be created. Denik writes that Tesco will be missed in town, especially by many senior citizens who travel from all o...
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2019-02-18  10:33
CIJEurope.com
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Company News

Direct flights from Brno to Munich cancelled

The city of Brno has lost its direct air connection to Munich, following the collapse of the British airline Flybmi. The company cut back on its service to the Bavarian town last year, citing a lack of labor. It used this year's hot button word, Brexit, to explain its current troubles, saying that uncertainty over the UK's future in Europe had brought it down. The bad news c...
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2019-02-18  10:31
CIJEurope.com
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Research

Prague residential rents jump 20% in 24 months

Residential rents in Prague rose three percent last year to CZK 340 per sqm, an overall life of 20 percent over the past two years. The Czech News Agency reports that rent jumped 11.4 percent in Prague 7, while falling slightly in Prague's 2 and 3. Tenants will pay the most in the center, unsurprisingly, with the average price per square meter now at CZK 433. This falls to just C...
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2019-02-18  10:22
CIJ Romania
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Company News

New Work, Afcon Electra sign on at AFI Tech...

New Work and Afcon Electra Romania will be moving to AFI Tech Park campus in Bucharest. New Work leased 2,800 sqm at AFI Tech Park 1 and will also operate the building’s conference room, which can be booked on an hourly basis by any tenant. Afcon Electra Romania, meanwhile, signed a lease on 500 sqm. AFI Tech Park 1, the project’s first completed building, is now 80 percent leased. Th...
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2019-02-18  09:43
CIJEurope.com
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Company News

Skanska provides 48,500 sqm of new office...

Skanska sold five office buildings in Poland and broke ground on seven more in 2018. The developer also completed construction on High5ive’s two office buildings in Kraków as well as the first building at the Spark complex in Warsaw and the final building at Silesia Business Park in Katowice. In total, Skanska added 48,500 sqm of new office space to the Polish market in 2018 and lease...
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2019-02-18  09:41
CIJEurope.com
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Company News

Poland’s industrial market leases 3.7...

The volume of leased floor space on Poland’s industrial market totaled 3.7 million sqm in 2018, according to JLL. The market grew by an additional 2 million sqm, while nearly 2 million sqm of space is currently under construction. Last year also saw a record-breaking total for industrial investment transactions, worth €1.84bn.“The Polish industrial market once again came in with an ex...
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2019-02-18  09:40
CIJEurope.com
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Company News

Wirtualna Polska leases 7,000 sqm at...

Wirtualna Polska has leased 7,000 sqm at Business Garden in Warsaw. Located on Żwirki i Wigury street, Business Garden features 90,000 sqm of leasable space in seven office and service buildings. The floor plans offer flexibility, and the complex allows for unlimited expansion. Business Garden includes a hotel, conference center, restaurant and fitness club. The project is LEED Platin...
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2019-02-15  10:53
Svoboda & Williams
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Company News

Svoboda & Williams Partner of the Art in...

The Art in Conversation event took place on February 7th, 2019, at Galerie Cermak Eisenkraft in Prague. Participants had the opportunity to meet the art world’s leading appraisers and art collection experts. Galerie Cermak Eisenkraft organized the event together with Christie’s Auction House and the Svoboda & Williams real estate agency. The founders of Galerie Cermak Eisenkraf...
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2019-02-15  10:42
CIJEurope.com
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Deals

Atenor signs first tenants at Arena Business...

A medical center operator and Costa Coffee took more than 700 sqm of space on the ground floor the Arena Business Campus in Budapest. The lease agreements were signed nearly a year before the project is set for completion. Atenor broke ground on the 72,000 sqm office campus last spring. The scheme, featuring 20,000 sqm of class A+ office space, was designed by Vikar and Lukacs Archite...
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