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Posts from CIJ for 06/03/2016

Daily Commercial Real Estate News from Europe and USA
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In this edition: 06/03/2016

Benoît Charles to lead Apsys in Poland

Jun 03, 2016 11:34 am
Benoît Charles is replacing Fabrice Bansay as CEO of Apsys in Poland, as Bansay has been promoted to CEO of Apsys. Prior the promotion, Charles was acting as expansion and marketing director of Immochan. Apsys Group has restructured the company’s top management system, setting up a general directorate for group’s operations in France and Poland. Apsys is the developer of...
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Hadley Dean to head Echo Prime Properties

Jun 03, 2016 10:16 am
Hadley Dean will head Echo Prime Properties, the Polish portfolio of S.A. REIT Redefine and Griffin Real Estate, worth nearly PLN 4.5bn. The former managing partner for Colliers International’s CEE operations had recently left the company to develop the serviced offices company Compass. Dean told his first step will be to introduce the fund to two stock...
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Strawberries & Cream Drinks Before Home sponsored by Prologis in Warsaw

Jun 03, 2016 09:44 am
The latest edition of Drinks Before Home, a monthly networking event for the real estate and property community, was sponsored by the global logistics developer Prologis in downtown Warsaw on Thursday. The business spirit was strong as the summer edition of Drinks Before Home with Strawberries & Cream brought together a good crowd of real estate professionals. It was a...
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Foreign investors flooding Spanish market

Jun 03, 2016 09:41 am
Foreign investors bought 48,000 properties in Spain last year, up 13 percent from 2014, according to the latest report published by Council of Property Registrars. Acquisitions by British investors made up 21 percent of the total, followed by investors from France, Germany and Sweden, according to the report. Investors are more interested in resale properties instead of...
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Jaguar plans trigger residential boom in Nitra

Jun 03, 2016 09:39 am
Jaguar Land Rover plans to build a new automobile plant in Nitra triggered a residential development rush in the Slovak city. Both private investors and city officials are planning to build flats in Nitra. Increased demand is pushing prices up – flats are selling for €10,000 to €15,000 more than they were prior to Jaguar’s announcement. Nitra Invest has come up with a plan...
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Amres buys Skex properties in Prague 1

Jun 03, 2016 09:31 am
Amres won a tender to buy properties of the bankrupt Skex. The Italian company has paid CZK 244m for the portfolio of two office buildings along Opletalova street in Prague 1. The new owner plans to refurbish the three buildings – two facing Opletalova and one in the courtyard – into flats. Knight Frank brokered the sale with CEO Zdenka Klapalová telling Hospodářské noviny...
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Romanian retail turnover up 6.7% in April

Jun 03, 2016 09:26 am
Retail turnover on the Romanian market increased by 6.7 percent m-o-m in April, according to the National Statistics Institute. The strong performance was driven by a boost in sales of food, beverages and tobacco (9.5 percent), automotive fuel (5.3 percent) and non-food products (4.8 percent). The April figures, which don’t include trade of motor vehicles and...
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CBRE Romania to manage Immofinanz shopping centers

Jun 03, 2016 09:25 am
CBRE was named property manager of Immofinanz’s Romanian shopping center portfolio, which includes Polus Center in Cluj, Maritimo Shopping Center in Constanta, Gold Plaza in Baia Mare and Pitesti Mall. The centers have a total leasable area of ​​147,824 sqm. The move is in line with Immofinanz’s retail growth strategy across the CEE region, said Nicolas Fernandez de...
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Horizon completes Váci 1 renovation in Budapest

Jun 03, 2016 09:25 am
Horizon Development finished renovating the landmark Váci 1 building in Budapest. Located on Vöröstmarty tér, the property is currently 74 percent leased. Its anchor tenants include H&M, Hard Rock Café and Szamos Marcipán. Horizon Development hopes to secure BREEAM In-Use certification for the building....
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Czech automotive revenues accelerate 7% in 2015

Jun 03, 2016 09:25 am
Revenues of the Czech automotive industry reached CZK 912 bn in 2015, up by 7 percent y-o-y. The stats include only members of the Association of the automotive industry, which incorporates 90 percent of all businesses active in the sector. In all, the Czech automotive industry produced approximately CZK 1 trillion in revenues. Martin Jahn, president of the automotive...
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Job vacancy rate in Macedonia at 1.38% in Q1

Jun 03, 2016 09:24 am
The job vacancy rate on the Macedonian market was 1.38 percent in the first three months of the year, according to data published by the State Statistical Office. At 2.66 percent, the construction sector posted the highest job vacancy rate for the quarter, while the lowest rate was registered in public administration and defence sectors (0.12 percent). Companies with...
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AluKönigStahl moves into MM World in Sofia

Jun 03, 2016 08:57 am
AluKönigStahl has taken half of the second floor of the MM World mixed-use building in Sofia. The Austrian aluminium and steel solutions supplier, founded by Jacob König in 1864, operates in the Czech Republic, Slovakia, Poland, Romania, Bulgaria, Slovenia, Croatia, Serbia and Bosnia. MM World was developed by MM Group....
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One Riverside by Dranoff Properties in Philly tops out

Jun 02, 2016 03:16 pm
One Riverside, a $90 million condominium community in Philadelphia has been topped off by its developer Dranoff Properties. The 82-unit, 22 story project is the first ground up luxury high-rise condominium constructed in Philadelphia since the real estate downturn in 2007. The property features a 60-foot indoor pool, club room and a fully-equipped business center, and...
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Equus Capital Partners to build, lease warehouse to Fiat Chrysler in Virginia

Jun 02, 2016 03:13 pm
Equus Capital Partners has entered into a Build-To-Suit lease agreement with Fiat Chrysler Automobiles (FCA) for a Class-A industrial warehouse and distribution facility in the Stonewall Industrial Park in Winchester, Virginia. The 400,400 sqf building is located along the Interstate 81 corridor in Frederick County, Virginia, approximately 75 miles west of Washington, D.C....
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John Faust joins Cornerstone RE Advisers to lead business development

Jun 02, 2016 03:10 pm
Cornerstone Real Estate Advisers has hired John Faust as a Managing Director in Business Development. In his new role, Faust will concentrate on expanding Cornerstone's client base throughout North America, with a particular focus on the West. Prior to joining Cornerstone Faust worked for JPMorgan Asset Management, where he served as Managing Director of its Global...
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First Potomac Realty Trust sells old Washington D.C. bus station site for $54.5m

Jun 02, 2016 03:07 pm
A partnership between Perseus Realty Four Points, and Greencourt Capital has signed an agreement to purchase a development site located in the NoMa submarket of Washington, D.C. from First Potomac Realty Trust. The $54.5 million deal is for Storey Park, an approved development site for over 700,000 sqf of mixed-use development. The site is the former Greyhound Bus Terminal...
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Skanska building $62.7m research facility on Johns Hopkins St. sburg campus

Jun 02, 2016 03:03 pm
Skanska USA has won a $62.7 million contract to build a research and education facility on the Johns Hopkins Medicine All Children’s Hospital campus in St. sburg, Florida. The 230,000 sqf facility will include 30,000 square feet of research and laboratory spaces and another 30,000 sqf of educational space, which will feature a 400 seat auditorium. The project will also...
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New planning for next phase of MiamiCentral calls for hotel, offices and retail

Jun 02, 2016 02:59 pm
All Aboard Florida has submitted a request with Miami-Dade County to re-plan the second phase of its MiamiCentral development into two separate tracts. The new plans call for a hotel with 750 rooms plus 50,000 sqf of retail space in one phase, with the second site to offer an 800,000 sqf office tower and another 50,000 sqf of retail. The address for the new buildings, which...
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Dividend Capital buys Suniland Shopping Center in Miami from Terranova

Jun 02, 2016 02:54 pm
Dividend Capital has acquired the Suniland Shopping Center in the Pinecrest submarket of Miami for $66.5 million. The Denver based company paid $810 per square foot for the 82,000 sqf property at 11325 South Dixie Highway. The retail center’s tenants include Flanigans, Piola, SunTrust, Citicorp, the U.S. Post Office, CVS, Nicklaus Children’s Hospital, Pete’s Barber Shop and...
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