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Posts from CIJ Europe.com for 08/10/2016

Daily Commercial Real Estate News from Europe and USA
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In this edition: 08/10/2016

National Football Stadium in Bratislava to cost €50m

Aug 10, 2016 10:22 am
Construction company Strabag Pozemné a inženierské stavitelstvo will oversee construction of the national football stadium in Bratislava’s Tehelne pole...
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Gross salary in Romania averages RON 2,874 in June

Aug 10, 2016 10:22 am
The average gross monthly wage on the Romanian market was RON 2,874 in June, up 0.7 percent m-o-m, according to data published by the Romanian National...
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Adval Asset Management secures €6m to refinance Cascade Offices

Aug 10, 2016 10:21 am
Adval Asset Management secured a €6m loan to refinance Cascade Offices in Bucharest. Located on Buzeşti street, the project, completed in 2005, offers ​4,200...
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Poland’s real estate sector starts lobbying for REITs

Aug 10, 2016 10:18 am
While waiting for new product to arrive to Poland, local specialists have set up an association to lobby for the introduction of REITs (Real Estate Investment...
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Strabag wins CZK 938m railway repair contract

Aug 10, 2016 10:15 am
Strabag has won tender to revitalize a rail track between Zastávka u Brna and Okříšky near Jihlava. The order includes the repair of a 46 km railway section....
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Barbasiewicz, Kienorow to co-head Collier’s industrial division in Poland

Aug 10, 2016 10:07 am
Jan Barbasiewicz and Krzysztof Kienorow will co-head Colliers International’s logistics division in Poland. Barbasiewicz, who’s been appointed the director of...
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Prague to invest CZK 350m in Revoluční street redesign

Aug 10, 2016 09:53 am
Prague 1 wants to redesign Revoluční street, which connects Nám. Republiky to the Vltava River in the center of Prague. The municipality said it is willing to...
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Penta in clash with ČSAD over Zaha Hadid project

Aug 10, 2016 09:48 am
Penta’s ambitious project for Prague’s central business district, near Masarykovo train station, has hit a hurdle. The developer has not yet obtained possession...
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Hungary's investment turnover totals €734m in H1

Aug 10, 2016 09:28 am
The investment volume on the Hungarian market exceeded expectations in the first six months of 2016, according to a CBRE analysis. A total of €734m worth of...
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CBRE: CEE investment volume up 59% in Q1

Aug 10, 2016 09:25 am
The CEE investment volume for the first quarter increased by 59 percent y-o-y, surpassing €5bn, according to the latest CBRE report. The investment volume for...
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Żoliborz Artystyczny, a project by Dom Development, is in the final of the CIJ Europe Awards

Aug 09, 2016 11:13 am
This multi-phase development first began in May 2013 with the ultimate aim of creating a total of 1,700 apartments in thirteen low-rise buildings. The largest...
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Promotions at Cushman & Wakefield

Aug 09, 2016 10:29 am
Šárka Vondrová and Michaela Le Poidevin have been promoted to associates at Cushman & Wakefield. Vondrová is head of financial administration for the...
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DTZ Echinox to oversee leasing of Festival shopping center in Sibiu

Aug 09, 2016 10:23 am
DTZ Echinox was named exclusive leasing agent for the Festival shopping center, set to go up in downtown Sibiu, on the former Simerom factory site, near Podul...
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Werk Property Group invests €30m in Timisoara office project

Aug 09, 2016 10:22 am
Werk Property Group will invest €30m to develop Vox Technology Park in Timisoara. The class A office project will offer 26,000 sqm of leasable space....
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NPÚ to take over historical Invalidovna building in Prague

Aug 09, 2016 10:09 am
After an auction of the historical Invalidovna complex in Prague 8 failed to attract bidders, the National Conservation Institute (NPÚ) announced it is...
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Penta to build office project in Prague 6

Aug 09, 2016 10:07 am
Penta acquired a 50-percent share in an office project at Vítězné náměstí in Prague 6. Petr Kellner had planned to build a project called the “Line” on the site...
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Moxy hotel brand entering Centrum Praskie Koneser

Aug 09, 2016 09:58 am
Liebrecht & wooD and BBI Development, partners in the Centrum Praskie Koneser project in Warsaw, have secured Moxy brand for the hotel component in the...
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Skanska enters Gdańsk with 42,000 sqm BPO office project

Aug 09, 2016 09:49 am
Skanska has acquired land in the center of Gdańsk on Grunwaldzka street with plans to develop 42,000 sqm of new office space. Located next to the University of...
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KSH: Industrial production drops 0.3% in June

Aug 09, 2016 09:45 am
Industrial output on the Hungarian market drop by 0.3 percent y-o-y in June, according to the Central Statistical Office. On a monthly basis, industrial output...
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Immofinanz refinances its first Polish office project

Aug 09, 2016 09:29 am
Two years after completing the project, Immofinanz has secured a €34m refinancing loan from pbb Deutsche Pfandbriefbank for its Nimbus office scheme in Warsaw....
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Invest4see building logistics hall for Continental near Trenčín

Aug 09, 2016 09:22 am
SEE RE One is building a warehouse for Continental Matador Rubber near Trenčín in Slovakia. The construction company Goldbeck should complete the 90,000 sqm...
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