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Posts from CIJ Europe.com for 04/06/2016

Daily Commercial Real Estate News from Europe and USA
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In this edition: 04/06/2016

HanseMerkur aqcuires SIGN! office tower from Frankonia in Düsseldorf

Apr 06, 2016 01:00 pm
HanseMerkur Grundvermögen AG has acquired the office tower SIGN! from Frankonia Eurobau in MedienHafen, Düsseldorf. The building was acquired for the Alternative Investment Fonds HMG Grundwerte Büro Deutschland. Designed by the architect Helmut Jahn, the 13,500 sqm building’s anchor tenant is Anwaltskanzlei Noerr. The buyer was advised on the transaction by Dr. Philipp...
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Omniva profits up 10% in 2015

Apr 06, 2016 11:56 am
Estonian state-owned logistics company Omniva posted a net profit of €1.46m for 2015, up 10 percent from the previous year. The company’s investment portfolio for the year also grew to €6.6m. Omniva, through its newly established subsidiary Post11, started cooperating with the Chinese courier company S.F. Express, which helped boost its 2015 results. “Online trade is...
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Chinese interest for Czech industrial space growing

Apr 06, 2016 11:08 am
Companies with dominant share of Chinese capital show increased interest in industrial real estate in the Czech Republic, according to CBRE. The majority of the investments are targeting automotive, electronics and e-commerce sectors. BWI Group and Hisense Companies are examples of companies locating their production plants in the Czech Republic. “Overall, 80,000 sqm of...
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A new residential building under construction in Plovdiv

Apr 06, 2016 11:02 am
The investor Excel Building is constructing a residential project in the center of the Bulgarian town of Plovdiv at the intersection of September 6th Street and V. Aprilov Streets. The nine-storey apartment building will offer two levels of shops and offices and underground parking. The 9,732 sqm project is the work of RT Consult and Chief Architect Radko Todorov, with...
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€1.4m invested in an eco kindergarten in Burgas

Apr 06, 2016 11:01 am
A €1.4m eco kindergarten will be built in Burgas, located on the Bulgarian Black Sea coast, funded through the Operational Program “Regions in Growth 2014 – 2020”. The project, designed by Ivo Petrov Architects, was ready to go last year, but paperwork for the financing has only now been completed. The municipality will now launch a tender to choose the construction...
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Macedonian exports grew 7.5 percent through February

Apr 06, 2016 11:01 am
Exports in Macedonia grew by 7.5 percent in the first two months of 2016 while imports grew by 7.4 percent, compared to the same period last year, according to the State Statistics Bureau. In January and February 2016 exports went up to €640m while imports went up to €830m. Macedonia’s biggest trading partners are the UK, Germany, Serbia, Greece and Bulgaria. Macedonia...
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Fortech opens a new office in Oradea Trade Center

Apr 06, 2016 11:00 am
Software provider Fortech opens a new office in the business center Oradea Trade Center, a new project developed by SC TradeCenter S.R.L. funded by the Regional Operational Program. "Opening a new office in Oradea is part of our strategy to consolidate operations, which we have adopted in recent years. At the same time, this is confirmation of our commitment to...
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Romanian retail turnover rises 21.8 percent

Apr 06, 2016 11:00 am
In February 2016, retail sales rose 4.2 percent compared to January in Romania, according to the country’s National Statistics Institute. The figures did not include vehicle sales. Compared to the corresponding month of the previous year, the retail turnover rose by a more substantial 21.8 percent....
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US to build €2.65m munitions storage facility in Lithuania

Apr 06, 2016 10:58 am
The US government is planning to invest €2.65m into the construction of a munitions storage facility at the air base in Siauliai, northern Lithuania, according to local news reports. The project is reportedly part of the 2017 draft US military budget for Europe. The Lithuanian National Defense Ministry has not commented on the plans. “The US Congress has not confirmed...
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SmartWings to set up Ostrava-Dubai route

Apr 06, 2016 10:53 am
Air carrier SmartWings starts a new line from Leoš Janáček Ostrava airport in Mošnov to Dubai. SmartWings claims the destination is one of the most popular among travellers from the Moravia-Silesia region. The direct line will start operation in late September, flying twice per week using a Boeing 737. The aircraft will start from Ostrava at 10:00, landing in Dubai at...
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Mogotel adds Irina Hotel to its Latvian network

Apr 06, 2016 10:51 am
Mogotel added the Irina Hotel in Riga to its Latvian network. The property will be renamed Rixwell Irina Hotel. Mogotel operates the Rixwell Hotels and Wellton chains and has nine locations in Latvia as well as two properties in Estonia. The company plans to make several improvements to its latest hotel acquisition. Established in 2011, Mogotel posted €9.78m in sales in...
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Slovak state buys out claims of 340 Váhostav creditors

Apr 06, 2016 10:47 am
Slovak government has bought out claims of 341 creditors of Váhostav through the state owned company Slovenská reštrukturalizačná. It paid €10.6m for claims worth €22.6m. Slovenská reštrukturalizačná had received 437 claims by March 24, but a total of 670 creditors were entitled to the compensation, writes Pravda.sk. Slovenská reštrukturalizačná pays the creditors 50...
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MAPFRE Assistance has new headquarters in Lisbon

Apr 06, 2016 09:59 am
The Spanish multinational MAPFRE Assistance has signed a lease for its new headquarters office in Lisbon. The travel insurance provider took two floors in Edificio Europa (Europe building) located on Avenida Jose Malhoa. The space is made up of modular units that are designed to match the way the company has revamped its customer service strategy. The new lease is for 1,100...
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Hotel Rural Mira Serra reopens in Mangualde

Apr 06, 2016 09:58 am
The new owners of the Hotel Rural Mira Serra in Mangualde, João Oliveira e José Rosário, have reopened the hotel after remodeling work designed to turn it into a tourist landmark in the town that caters as well to health care. "This hotel will have several services in addition to the usual accommodation and catering for tourists, we will create the valence of health...
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Metropolitan secures BREEAM Very Good rating

Apr 06, 2016 09:52 am
Having changed hands last year, Warsaw’s Metropolitan office building has completed the BREEAM certification process again and received a Very Good rating. Colliers International oversaw the process on behalf the new owner, Deutsche AWM, who appointed the agency an exclusive manager for the property. Located at Plac Piłsudskiego street, in the center of Warsaw, the building...
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ECI prepares ground for Infinicity scheme

Apr 06, 2016 09:50 am
ECI (Europejskie Centrum Inwestycji) is preparing the ground for its flagship scheme Infinicity, which has been in planning for the last couple of years. The five-building office complex would offer 63,000 sqm of new office space, together with 250 flats, in Warsaw’s Mokotów district on Postępu street. The investor expects to complete the project in 2018. ECI took over...
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Rising demand for new homes predicted for Malaga

Apr 06, 2016 09:48 am
The Bank of Spain reports that Málaga will require 84,812 primary homes between now and 2029 to meet rising demand for new households. Malaga is seen as the second most dynamic province after Madrid and according to figures more than 6,000 new households will be created annually in the city. At the national level, the Bank of Spain predicts that at least 63,000 households...
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Bulgarian minister announces corporate interest in IGB pipeline

Apr 06, 2016 05:24 am
Bulgarian Energy Minister Temenuzhka Petkov has revealed that there is significant corporate interest in participating in the Interconnector Greece-Bulgaria (IGB) gas pipeline and a project that is dependent on it – the liquefied natural gas terminal at Alexandroupoli in Thrace, Greece. Just before the planned completion of the IGB project’s market test, conducted by the...
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Fraport-Copelouzos consortium signs €1.bn deal for 14 Greek airports

Apr 06, 2016 05:23 am
A consortium between the German airport operator giant Fraport and the Greek Copelouzos Group have won a concession from the Greek government to take over the operations of 14 the country's airports. They've pledged to invest heavily in upgrades to the airports in a bid to win more business from European airlines and tour operators keen to increase the number...
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Tsentrobuv bankruptcy court date set for September

Apr 06, 2016 12:45 am
The Moscow Arbitration Court has imposed monitoring the retailer Tsentrobuv because of its debts of RUB 4m. A court hearing for the bankruptcy case is scheduled for September 6, 2016. In 2015, Tsentrobuv closed 250 stores, followed by another 100 in the first quarter of 2016. The retailer has the largest network of shoe retailers in Russia, with around 700 outlets. Before...
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