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Posts from CIJ for 09/05/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 09/05/2017

€236m invested during 2016 in Serbian free zones

Sep 05, 2017 10:52 am
The Serbian government has reported that €236m in free zones in Serbia during 2016 and that they produced €2.15bn in exported goods. There are fourteen free zones in Serbia, Priboj, Vranje, Svilajnac, Apatin, Nis-South, FAS-Kragujevac, Smederevo, Krusevac, Pirot, Zrenjanin, Subotica, Novi Sad, Sabac and Uzice. There are more than 200 multinational tenants in these zones of...
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GTC buys Belgrade Business Center

Sep 05, 2017 10:41 am
The developer GTC (Global Trade Center) has acquired the Belgrade Business Center, the class A office scheme. The complex has 17,900 sqm gross leasable area and 307 parking spaces. Current tenants include Unicredit bank, Air Serbia and NCR. GTC will increase its portfolio to 98,400 sqm gross area through the transaction and strengthen its annual income by over €3m....
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Pizza Hut is re-entering Czech Republic, strengthening in Slovakia

Sep 05, 2017 10:10 am
Pizza Hut is reentering the Czech Republic. The chain is set to open its fast-food concept Express at the Palladium shopping center in Prague 1. The Prague location marks the start of a wider expansion, according to the licence owner, AmRest, which plans to open 70 Pizza Hut restaurants across the Czech Republic by 2021 and hire 1,500 people. Pizza Hut had two restaurants...
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Savills takes over Bertha Berlin offices

Sep 05, 2017 10:02 am
Savills IM has officially taken over the Bertha Berlin office complex from Becken Development. The company purchased the office project at the end of 2015 when it was still under construction for its Savills IM Real Invest 1 fund. The vendor of the property was a joint venture between Becken Development GmbH and the HanseMerkur insurance group. The property is located at...
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Euromedia takes over Neoluxor

Sep 05, 2017 09:49 am
Euromedia Group, a leading book wholesaler and member of the Rockaway group, purchased a network of 26 Neoluxor bookstores, including the Palác knih on Wenceslas Square in Prague 1, which is considered the largest bookstore in Central Europe. The price of the transaction was not disclosed. The merger still needs to be approved by the antimonopoly office. Euromedia wants to...
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CTP appoints Július Hájek head of marketing

Sep 05, 2017 09:43 am
Július Hájek has joined CTP Invest as the new head of the company’s marketing department. Hájek will be responsible for marketing strategy and execution as well as PR activities in all CTP markets throughout Central Europe. CTP is currently active in more than 80 strategic locations and has offices in seven countries. Prior to joining CTP, Hájek worked at Microsoft, Renault...
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Prologis extends lease at Lumen in Warsaw

Sep 05, 2017 09:35 am
Prologis renegotiated its 900 sqm lease at the Lumen office building, part of the Złote Tarasy shopping complex in Warsaw. The deal will include a redesign of Prologis’ office space, which Colliers International’s workplace innovation department will oversee. “We have decided to extend the lease at the Lumen office building in view of its location and availability of many...
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Distribution Park Okęcie signs two lease deals

Sep 05, 2017 09:28 am
X-press Couriers, the exclusive partner of SkyNet Worldwide Express in Poland and Aromanti, an importer and distributor of fragrances for home interiors, signed a lease at Distribution Park Okęcie in Warsaw. Nuair Polska, one of the park’s long-time tenants, meanwhile, renewed its lease. The two agreements total more than 3,600 sqm of warehouse and office space....
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Second phase of Estic Park breaks ground

Sep 05, 2017 09:27 am
After selling 70 percent of the first phase of its Estic Park residential project in Bucharest, Israel Land Development Company (ILDC) has started work on the second phase. ILDC is planning to invest €6m in the new phase, which will include 103 apartments. Completion is set for next year. Estic Park will offer a total of 1,500 homes in four phases over six years. The total...
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Cresa Poland appoints new co-heads of office department

Sep 05, 2017 09:21 am
Artur Sutor and Bartek Włodarski have been appointed to head the office department at Cresa Poland. Sutor has 14 years of experience in commercial real estate, having previously worked for Cushman & Wakefield and Knight Frank. He specializes in pre-lease agreements and long-term renewals. Włodarski has worked in commercial real estate for more than 19 years. He started...
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Savills to oversee leasing of GLL portfolio

Sep 05, 2017 09:20 am
GLL Real Estate Partners has appointed Savills as the exclusive leasing agent for its Warsaw office portfolio. The assets include Zaułek Piękna, Liberty Corner, Griffin House, Renaissance and Marynarska Point II, totaling 38,000 sqm of leasable space. “We are looking forward to working with the Savills team building on their exceptional leasing expertise as part of an...
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