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

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

Tender for construction supervision of new Slovak Jaguar plant

Jun 06, 2016 10:27 am
State owned MH Invest launched a tender to choose construction supervisor for the Strategic industrial park Nitra in Slovakia, where Jaguar Land Rover plans to build its new manufacturing plant. MH Invest will sign a three-year contract with the winner worth an estimated €1.1m. Strabag Pozemné a inžinierske staviteľstvo is the general contractor of the Strategic park Nitra,...
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Park Hyatt Hotel opens in Majorca

Jun 06, 2016 10:24 am
Hyatt Hotels Corporation opened Park Hyatt in Mallorca, the first Park Hyatt resort in Europe. The hotel offers 142 guest rooms, including 16 suites. The standard room is about 538 sq ft, twice the average size of a standard hotel room, according to Hyatt operators. The resort offers two heated pools as well as a children’s splash pool. There are four other Park Hyatt...
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Gabriela Firea elected mayor of Bucharest

Jun 06, 2016 10:09 am
Gabriela Firea of the PSD political party was elected mayor of Bucharest, taking 43.56 percent of the vote on June 5. Dan Nicuşor (USB) came in second with 29.05 percent followed by Catalin Predoiu (PNL) with 10.74 percent, according to partial results released by the Central Electoral Bureau. Voter turnout was low with only 33.09 percent casting a ballot in the capital....
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Average monthly income in Romania up 7.4% in 2015

Jun 06, 2016 10:08 am
Average monthly income in Romania was RON 2,687 per household in 2015, up by 7.4 percent from the previous year, according to a new report issued by the National Statistics Institute. Expenditures averaged RON 2,352 per month per household (RON 885 per person) and accounted for 87.5 percent of the total income, down 3.2 percent y-o-y....
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Macedonia to invest €80m into roadwork

Jun 06, 2016 10:07 am
The Macedonian government is planning to invest €80m into the construction and repair of regional roads around the country. Construction is underway on 200 km of regional roads, according to the minister of transport and communications, Vlado Misajlovski, and the director of the Public Enterprise for State Roads, Aleksandar Stojanovski. Meanwhile, Bitola-­Resen­-Bukovo,...
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Macedonian resi costs fell 4.2% in Q1

Jun 06, 2016 10:06 am
Construction costs for new residential buildings on the Macedonian market decreased by 4.2 percent y-o-y in the first three months of the year. Material costs, meanwhile, decreased by 8.2 percent, while labor costs increased by 7.2 percent, according to the State Statistical Office. Construction costs for new residential buildings decreased by 4.4 percent q-o-q in...
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Czech government blocks third IKEA store on edge of Prague

Jun 06, 2016 09:59 am
Czech environmental ministry has cancelled an approval to change fields along D1 motorway in Čestlice on the outskirts of Prague into a construction site. Domo Development planned an enormous retail zone there, including a third Prague IKEA store, writes aktualne.cz. The developer had already been awarded a planning permit. The environment ministry argues that the Central...
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Central Group buys Prague 3 development site from Discovery Group

Jun 06, 2016 09:51 am
Central Group has bought a portion of the land at the former Žižkov cargo train station in Prague 3 from Discovery Group. The UK developer had planned to build a shopping center, a hotel and flats on the site. Central Group bought project, which has a valid planning permit, and its spokeswoman Marcela Fialková told CIJ that construction could get underway in a year on the...
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Polish government proposes new housing subsidies program

Jun 06, 2016 09:27 am
Poland’s prime minister Beata Szydło has introduced her government’s new housing subsidies program, called "Mieszkanie plus”, as funds in the previous fund are quickly running short. In addition to a contribution of PLN 2,500 per sqm, the new version of the program includes regulations aimed to make the country’s rental housing market more competitive. The new...
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Eiffage and Avestus get green light for CUBE offices

Jun 06, 2016 09:22 am
Eiffage Immobilier Polska and Avestus Real Estate got the green light from Poland’s antitrust regulator to form Quadrat Postępu, a vehicle the two companies will use to to develop their first joint office investment in Poland. As reported in CIJ last year, Avestus will be working with the owner of the site at Mokotów district, to develop the 21,000 sqm office project....
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MNKH to open two offices in India

Jun 06, 2016 09:10 am
The Hungarian National Trading House (MNKH) is planning to open two offices in the south and north of India by December. The Hungarian National Trading Houses will support companies find adequate business partners on the international markets. They will also provide state guarantees to their partners in order to facilitate smooth trade activities that are mutually...
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KSH: Retail sales up 6.4% in Hungary in April

Jun 06, 2016 08:58 am
Retail sales on the Hungarian market rose by 6.4 percent y-o-y in April 2016, according to the Central Statistical Office (KSH). The sales volume increased by 3.9 percent in specialized and non-specialized food shops, by 10.3 percent in non-food retail shops and by 3.5 percent for automotive fuel. This is only the third month the retail market has reported a y-o-y increase...
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