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Posts from CIJ Europe.com for 05/11/2016

Daily Commercial Real Estate News from Europe and USA
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In this edition: 05/11/2016

Slovak National Football Stadium to be completed in 2018

May 11, 2016 11:47 am
The National football stadium in Bratislava is scheduled for completion in 2018. The 22,500 seat stadium has finally been given government approval, now that education minister Plavčan and Pavel Komorník, the chairman of the National Football Stadium corporation signed a preliminary contract under which the state will complete and take over the non-commercial portion...
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Romania may bump First Home loan-guarantee ceiling by RON500m

May 11, 2016 11:12 am
The Romanian Ministry of Finance wants to increase the loan-guarantee ceiling for the country’s First Home program by RON 500m this year. Following discussions on the debt-relief bill, applications for loan guarantees under the program increased significantly, and the ceiling set for this year has already been exceeded. As of the beginning of May, 13,100 loan guarantees...
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Central Group claims it outsold Ekospol in Q1 2016

May 11, 2016 11:07 am
Central Group, Skanska Reality are top two developers in Prague by number of sales, but the listing may not be accepted by all market players because it was assembled by the two companies that topped the list. Central Group and Skanska Reality (along with the developer Trigema) claim to have followed the methodology approved by Prague’s Institute of Planning and Development...
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Bulgaria’s construction output falls 9.3% in March

May 11, 2016 11:00 am
Construction output on the Bulgarian market fell by 9.3 percent y-o-y in March, according to preliminary data released by the National Statistics Institute. Production decreased on a month-on-month basis by 1.5 percent. The poor performance attributed to a 14-percent decrease in the sub-index that tracks building construction as well as a 3.5-percent drop in the...
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British American Tobacco opens €5m plant in Serbia

May 11, 2016 11:00 am
Following a €5m investment, British American Tobacco (BAT) opened a new plant in Vranje, southern Serbia. The opening ceremony was attended by Prime Minister Aleksandar Vučić as well as the company’s regional director for Western Europe, Naresh Sethi, and the CEO of BAT Central Europe, Richard Widmann. British American Tobacco operates 44 factories in 41 countries.
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Turkish Airlines launches Dubrovnik-Istanbul route

May 11, 2016 10:58 am
Turkish Airlines is now flying between Dubrovnik and Istanbul three times a week. The service will be increased to five times a week for the summer season. The airlines already operates flights between Zagreb and Istanbul. A total of 26,220 Turkish tourists visited Croatia in 2014, of which 17,398 stayed on the Croatian coastline. Dubrovnik has three Turkish owned and...
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CBRE to lease Centrum Marszałkowska for BBI

May 11, 2016 10:45 am
BBI Development has selected CBRE as its exclusive agent for the leasing of Centrum Marszałkowska, its flagship Warsaw’s office development. Located in the center of Warsaw on Marszałkowska street, the project will offer 16,500 sqm of space, including 6,500 sqm of retail. The 11-storey building will have direct metro access. The project has already been granted a BREEAM...
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Jiří Fousek takes over at Obermayer Helika

May 11, 2016 10:29 am
Jiří Fousek has been appointed general director of Obermayer Helika, which is a member of the Obermeyer group. Fousek will oversee the company’s architecture, design and construction consultancy operations and will be responsible for strengthening Obermayer Helika’s position in the Czech and Slovak markets. He will also focus on expanding cooperation with key partners and...
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DBH Poland, 10th May 2016 – Sponsored by Cushman & Wakefield

May 11, 2016 09:42 am
Fantastic DBH with Cushman & Wakefiled Poland last night, great attendance from the industry and Cushman & Wakefield staff. We look forward to hosting Cushman & Wakefield again next year. About Cushman & Wakefield. Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live....
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Lisbon in the 50th position of the global ranking of international retail expansion

May 11, 2016 09:36 am
Fifty of the largest global cities have risen to the top of the list in the retail expansion strategies in the segments of mass market, premium and luxury. According to the study “Destination Retail” prepared by the international consulting JLL, Lisbon ranks in the 50th position of the global ranking of cities with the greatest attractiveness for retailers internationally...
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Building of the former National Radio will be rehabilitated for housing

May 11, 2016 09:35 am
The old building of the National Radio in Lisbon, will be rehabilitated for housing. "The proposal calls for the viability of the recovery of the building of the former National Radio to adapt it to residential use”, indicates Councilman Urbanism, Manuel Salgado. The mayor said that, "in view of its location and the urban context in which it operates," is...
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Mortgage: Bankinter low minimum spread to 1.25%

May 11, 2016 09:34 am
Bankinter low minimum spread the Mortgage loans to 1.25% and is now the lowest in the Portuguese market. In addition to the drop spreads, the Bank also announces that it does not charge monthly commission, the offer covers the purchase of a first home, a second home and funding for works. "The new offer in the Mortgage loans aims to strengthen the position of Bankinter...
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Richman Group acquires Miami building plot for 330-unit apartment complex

May 10, 2016 04:28 pm
West Palm Beach-based Richman Group has acquired a 2.2 acre site in Miami’s Edgewater neighborhood for $30 million. The property is located at 2701 Biscayne Blvd. near the southeast corner of Northeast 28th Street and Biscayne Boulevard. Richman plans to build the Biscayne 27 apartment complex on it, featuring 330 apartments, 9,537 square feet of retail and 396 parking...
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OMNIlife science leases' Care Properties' new flex space building in Raynham, MA

May 10, 2016 04:26 pm
The investment firm Calare Properties has leased 40,000 sqf of industrial/flex space at 480 Paramount Drive in Raynham, MA to OMNIlife science, Inc. The company designs, manufactures and distributes hip and knee implant replacements. Originally constructed in 2004, the building is equipped with 20’ clear ceiling heights, eight tailboard doors, and 111 surface-level parking...
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Cambridge Property sells project to D.C. transit authority

May 10, 2016 04:23 pm
Washington Metropolitan Area Transit Authority (WMATA) has picked up a new distribution and office building in Lanham, Maryland for $12.852 million. Located at 10201 Good Luck Road, the 142,810 sqf facility was originally developed by the seller Cambridge Property Group in 2005 as a build-to-suit space for the General Services Administration. Cambridge Property Group's...
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Simons Foundation leases 125,000 sqf of offices at 162 Fifth Ave.

May 10, 2016 04:21 pm
The Simons Foundation, a charitable organization focused on scientific research, has signed a 125,000 sqf lease at 162 Fifth Avenue in New York's Flatiron District. The lease will encompass the entire office portion of the eleven story building. The foundation, headquartered across the street at 160 Fifth Avenue, plans to renovate the entire space, as well as the...
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