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Posts from CIJ for 05/06/2016

Daily Commercial Real Estate News from Europe and USA
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In this edition: 05/06/2016

Berlin bans Airbnb rentals for tourists

May 06, 2016 12:54 pm
Berlin has banned short-term apartment rentals by companies like Airbnb to tourists. Owners who defy the ban will now risk fines of up to €100,000, and neighbors are being encouraged to make anonymous tips. City officials have claimed they acted in an attempt to halt rising rental costs and to make sure affordable housing continues to be possible to find. The new...
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Klaipedos Nafta revenues hit €40m

May 06, 2016 12:22 pm
Revenues for Klaipedos Nafta, the Lithuanian oil and liquefied natural gas (LNG) operator, hit €39.82m between January and April, up 9.9-percent from the same period last year. “Our transshipment and revenue figures remained stable compared with April of last year thanks to our work with customers and the terminal's flexibility that allows handling different types...
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Arco Vara sales up by 15% in Q1

May 06, 2016 12:13 pm
Arco Vara AS reported €5.1m in sales for the first quarter of 2016, up 15 percent y-o-y. The increase was attributed to a growth in the construction group’s development division, which posted €4.4m in revenue in the first three months of the year, up from €3.8m in Q1 2015. Meanwhile, the company’s service division reported a 4-percent y-o-y decrease for the quarter, with...
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Penta unveils Zaha Hadid’s project for Prague’s CBD

May 06, 2016 11:15 am
Penta unveiled plans for an enormous redevelopment project called Central Business District for land around Masaryk train station on the border of Prague 1 and 8. Designed by the studio of the recently deceased architect Zaha Hadid, the project includes eight office buildings with 90,000 sqm of office space across 15,000 sqm of land Penta bought from Czech Railways....
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JF Hamilton nearing completion of Cubicon Gardens in Bratislava

May 06, 2016 11:08 am
JF Hamilton is nearing completion of the first phase of Cubicon Gardens in Mlynska dolina in Bratislava, a project it put on hold during the crisis. Work on the second phase is expected to get underway shortly. This first phase consists of three residential buildings with 126 flats that are being offered at prices ranging from €2,300 to €2,400/sqm. The company’s webpage...
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Hamleys opens at Na Příkopě in Prague 1

May 06, 2016 10:58 am
Hamleys has opened its first store in the Czech Republic on Prague’s main shopping highstreet at Na Příkopě, Prague 1. The toy retailer leased space in Na Příkopě 14 which served formerly as the headquarters of ČSOB bank, until Lordship and Immofinanz bought the building for refurbishment and repositioning. Hamleys occupies 6,000 sqm of the 24,000 sqm of usable space and...
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Napollo takes over Galaktyka retail park

May 06, 2016 10:40 am
Napollo has sealed the acquisition of the Galaktyka mall in Wrocław. Worth PLN 33m, the transaction marks Vantage Development’s debut on the Polish real estate market. Vantage delivered the 5,200 sqm Galaktyka last year. Katarzyna Rzetecka, head of commercial investments in Vantage said the developer is planning two other retail parks in Wrocław over the next two to three...
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Robert Daniš from Wilson & Partners moderated the industrial panel of CEDES 2016

May 06, 2016 10:39 am
The industrial panel at the annual property conference CEDES 2016, which took place this year on April 20 at the Radisson Hotel in Bratislava, was moderated by Robert Daniš from Wilson & Partners. Robert is a regular speaker at many of the most prestigious real estate conferences in Slovakia. He pushed the other speakers to debate whether the plans for the new Jaguar...
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OT Logistics taking over Sealand Logistics

May 06, 2016 10:37 am
In what's expected to be the biggest merger on the Polish logistic services market, the Polish capital group OT Logistics is taking over Sealand Logistics, a leading logistics provider of ocean cargo transport. Worth PLN 51m, the preliminary agreement has just been signed, giving the OT Logistics a 100-percent holding in Sealand, which it has until 2019 to pay off. The...
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Macedonian export volume hits €982.8m in Q1

May 06, 2016 10:32 am
Macedonia’s export volume increased to €982.8m in the first three months of the year, up 5.9 percent y-o-y, according to the State Statistical Office. The import volume hit €1.35bn, up 3.9 percent from the same period last year. The trade deficit was €367.3m for the quarter. Macedonia’s main trade partners for Q1 were Germany, the UK, Serbia, Greece and Bulgaria.
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Croatia Airlines to launch four new flight routes

May 06, 2016 10:32 am
Croatia Airlines will be launching four new flight routes in May and June. Starting May 20, the airline carrier will begin to offer direct flights between Zagreb and Lisbon and Zagreb and Milan. The airlines will also start operating a connection between Zagreb and Prague, four times a week. On June 2, a route between Zagreb and St. sburg will open. Croatia...
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Aura REE expands to Portugal

May 06, 2016 10:32 am
After years of providing real estates advisory service on the Spanish market, Aura REE has decided to expand its operations internationally starting with Portugal. The company is also planning to expand its operations to other European countries before the end of 2016. Aura REE is an independent advisory firm focused on the Spanish real estate industry. Its proprietary IT...
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Leroy Merlin to open store in Suceava

May 06, 2016 10:31 am
Leroy Merlin will open its first store in the Moldova on May 12. This will be the 12th location in the retailer’s Romanian network. Located on Unirii street in Suceava, the 11,000 sqm store will sell about 30,000 products. Leroy Merlin currently has two stores in Bucharest, two in Cluj-Napoca and one each in Bragadiru, Craiova, Ploiesti, Brasov, Sibiu and Targu Mures.
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Oracle Romania boosts workforce by 1,100 in 2015

May 06, 2016 10:31 am
Oracle Romania hired 1,100 people last year. The US software giant now has 4,200 employees in the country. "The emergence of new business, as a result of migration to the cloud, and quality human resources in Romania were the factors that have increased the number of employees to 4,200 people. We will continue hiring. We have open positions at all times,” said Sorin...
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JLL named exclusive leasing agent of BUD Offices

May 06, 2016 10:25 am
JLL was named exclusive leasing agent of BUD Offices at Budapest Airport. The scheme offers 8,300 sqm of office space in various buildings and locations between Terminal 1 and Terminal 2. The airport has become an ideal location for commercial business centers, according to market analysts, with companies in the telecommunications, IT, pharmaceutical and automotive...
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Mortgage loan volume in Portugal grows to €400m in 2015

May 06, 2016 09:58 am
A total of €400m of mortgage loans were issued in 2015, building upon the level issued in 2014. The increase in was due to rising demand for housing, as banks were able to relax some of the stringent conditions they place on such loans. Demand also increased thanks to the lower interest rates now being charge by banks both on mortgage loans and more standard consumer loans,...
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Pestana Group to open third Porto hotel in 2017

May 06, 2016 09:57 am
The businessman António Oliveira has launched a new investment targeting the tourist sector in Porto, taking an older building on Sá da Bandeira Street and restoring it into a 5-star hotel. Hotel A Brasileira, as the new hotel will be called, is to be managed by the Pestana Group. It will offer 90 room, including four suites, a wine bar and restaurant, wellness center and...
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JLL picked to sell exclusive residential renovation project in downtown Lisbon

May 06, 2016 09:56 am
JLL has been selected by the developer Almaria to sell the apartments in the Bica do Olhos residential project that's nearing completion in Lisbon. Located on the corner of Boavista Street and Travessa Sampaio de Pombal, the “Bica dos Olhos” has 15 apartments ranging in size from 51 and 159 sqm which are being priced at the high end of the market, with selling prices...
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Julie Abolafia joins Franklin Street's South Florida office

May 05, 2016 04:08 pm
Franklin Street has announced that Julie Abolafia has joined the firm's South Florida office as Director of Multifamily Investment Sales. Abolafia will specialize in the acquisition and disposal of multifamily properties across South Florida. Abolafia comes to Franklin Street with more than eight years of commercial real estate experience throughout the tri-county...
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Colliers International buys out 2nd Florida franchise

May 05, 2016 04:04 pm
Colliers International Group Inc. has continued the consolidation of its operations in Florida with the purchase of Colliers International Group Inc. in Jacksonville. The Jacksonville office employs 45 people and had operated as a franchise of Colliers International Group. The acquisition marks the second take over this year in the state after the company bought out...
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