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Posts from CIJ for 03/29/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 03/29/2017

Nominations for the HOF Awards 2017 - Best of the Best: Facility Management Company

Mar 29, 2017 10:36 am
CIJ Europe, the leading commercial real estate news provider across Central and South Eastern Europe, launched in 2016 the most formulated transparent 2 tier judging platform to honor Elite Real Estate developments, companies and service providers. Now in its second year, the HOF (Hall of Fame) Awards 2017 is the final for all country winners from 2016, competing against...
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Crestyl to open Central Jablonec on Friday

Mar 29, 2017 10:33 am
Crestyl will open its new Central Jablonec shopping center in northern Bohemia on Friday. The project is located between Generála Mrázka and Máchova streets in the city of Jablonec and replaces the old Jabloň department store, two parking lots and a market. The developer started working on the project in 2008, but progress slowed following the economic recession. The...
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Sale of Avia opens way to vast development in Letňany-Prague 9

Mar 29, 2017 10:30 am
Czechoslovak Group offloaded the bankrupt Avia’s manufacturing plant in Prague 9-Letňany, which it acquired last year from the Indian company Ashok Leyland. The price of the deal was not disclosed. However, Hospodářské noviny write that the owner, Jaroslav Strnad, sold the land for a higher price than what he paid for it. A newly established business called Lemant Finance...
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Nove Lido unveils beach, marina project for Petržalka

Mar 29, 2017 10:14 am
Two initiatives – Lido Lagúna and Nové Lido – outline a proposed development plan for Bratislava’s former Danube beach area, called the Lido, which stretches between the river, the motorway, Old Bridge and Apollo Bridge in the city’s Petržalka district. The planning study they delivered for the area suggests building a marina, a natural park and a riverside promenade, which...
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Robyg to build resi scheme in Warsaw’s Włochy district

Mar 29, 2017 09:58 am
Robyg has acquired two adjacent plots in Warsaw’s Włochy district where it plans to develop around 600 apartments on 32,000 sqm. The cost of the bigger land parcel was PLN 31.5m, while the second plot cost an estimated PLN 11.2m. The land sales have not been finalized yet. Robyg hopes to complete the project in the fourth quarter of 2018....
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NEPI leases 70% of Aviatorilor 8 offices

Mar 29, 2017 09:55 am
NEPI has leased 70 percent of the Aviatorilor 8 office project it is developing on the former Oromolu villa site in Bucharest. The tenant mix includes Generic Electric and MET Group. The scheme is located near Victoria Palace and is set for completion at the beginning of May. NEPI said it is planning to sign leases on the remaining space in the building next month. Project...
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Prima Shops Oradea signs new tenants

Mar 29, 2017 09:54 am
Prima Shops Oradea signed three new tenants for the first phase of the project: Intersport, Noriel and Flanco. Currently 75 percent of the 5,000 sqm going up in the first phase has been leased. In addition to the three new additions, the tenant mix includes CCC, Takko, Deichmann and Pepco. Oasis Retail & Development Consulting is set to open the first phase of the...
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AstraZeneca renews lease at Postepu 14 in Warsaw

Mar 29, 2017 08:59 am
Pharmaceutical giant AstraZeneca renewed its lease on 7,000 sqm and took an additional 6,200 sqm at Postepu 14, an office building in Warsaw developed by HB Reavis. JLL represented AstraZeneca throughout the lease negotiation process. The property offers 34,500 sqm of office on 10 floors and is located at the corner of Marynarska and Postepu streets in Warsaw. The building...
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Capgemini takes 13,000 sqm at Business Garden Wrocław

Mar 29, 2017 08:49 am
Capgemini, a leading consulting, IT and outsourcing company, has leased 13,000 sqm at Business Garden in Wrocław. The company was represented by Cushman & Wakefield. Business Garden offers 110,000 sqm of office and service space in nine buildings. The three buildings in the first phase of the investment, developed by Vastint Poland, received certification LEED Platinum....
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SNH buys $1.2bn Boston office portfolio with sovereign institutional partner

Mar 28, 2017 03:34 pm
Senior Housing Properties Trust (SNH) has formed a joint venture with a sovereign institutional investor to acquire 11 Fan Pier and 50 Northern Avenue in Boston, MA. The investor will contribute approximately $261 million for a 45 percent equity interest in the new venture, with SNH owning the remaining 55 percent. The investment volume is based on a property valuation of...
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Bank of the Ozarks backs new Manhattan condo tower with $85m loan

Mar 28, 2017 03:31 pm
The Lightstone Group has secured a $85.3 million loan from Bank of the Ozarks for a condominium development planned for the Yorkville neighborhood of Manhattan’s Upper East Side. Located at 40 East End Avenue, the scheme will feature an 18 story building with 29 units. The building will featuring a mix of two, three, and four bedroom residences, including duplex residences,...
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Blake Dickinson rises to Senior Leasing Manager at Continental Realty

Mar 28, 2017 03:25 pm
Blake Dickinson has been promoted to the position of Senior Leasing Manager in the Commercial Division for Continental Realty Corporation. Dickinson, who was formerly Leasing Manager, has worked with the company since 2008. He will continue in his role of managing and leasing the company’s portfolio of commercial properties situated throughout the Mid-Atlantic, Midwest, and...
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Gibraltar Private B&T lends $15m for new Marriott in Doral, FL

Mar 28, 2017 03:21 pm
Gibraltar Private Bank & Trust has granted a $15.4 million construction loan for a Fairfield Inn & Suites by Marriott in Doral. The borrower, hospitality development and management firm Baywood Hotels, plans to build a 133 key hotel on the site at 8001 Northwest 36th Street. The Greenbelt, Maryland-based Baywood owns and operates the Fairfield Inn & Suites near...
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ACRE to lease up Maitland City Center in Orlando

Mar 28, 2017 03:18 pm
The Allen Morris Company has tapped ACRE Commercial Real Estate to lease the remaining space at Maitland City Centre in the Orlando submarket of Maitland. The mixed-use scheme offers 20,071 square feet of retail space with current tenants including Starbucks, Subway, Chef Clayton Miller’s Spindrift Concepts, and Renaissance MedSpa. Located at 111 S. Orlando Ave., the...
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HOF Awards 2017 - Best of the Best - Nominations in the category New Concept

Mar 28, 2017 01:25 pm
In 2016, CIJ Europe the leading commercial real estate news provider across Central and South Eastern Europe launched the most formulated transparent 2 tier judging platform to honor Elite Real Estate developments, companies and service providers in the final of winners from 6 countries across CEE and SEE: the HOF Awards - Best of the Best. THE WINNERS OF THE HOF AWARDS...
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