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Posts from CIJ Europe.com for 10/02/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 10/02/2017

Octavia Europe's 3rd most sold model in Europe

Oct 02, 2017 09:53 am
The research company JATO Dynamics is reporting that for the first time ever, Škoda's car model, the Octavia, came in third place in Europe in the monthly sales rankings. A total of 15,857 were sold, having been beaten ou only by Renault's Clio (which sold 16,859) and the indominatable Volkswagen Golf (30,986). In other positive news for CEE carmakers,...
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Jacob Freund, Gonen Shlomo building mixed-use project in Bucharest

Oct 02, 2017 09:39 am
Jacob Freund and Gonen Shlomo are building a mixed-use project in Bucharest's Lahovari area, which will include a hotel, offices, shops and a casino. The Israeli investors have been trying to get their project approved by city hall for more than nine years. City officials rejected the project numerous times, citing that the planned buildings, to go up between four...
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Prague's taxi drivers blockading airport

Oct 02, 2017 09:37 am
Prague's taxi drivers have followed through on their threat to create a partial blockade of the city's airport in an escalation of their conflict with the ride hailing service Uber. Two weeks ago, there were physical confrontations with tax drivers at the airport as they stepped up their protests over the amount of business the freelance drivers are having on...
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Wilsons triumphs in the Lawyers Worldwide Award Magazine Five Star Lawyers 2017 awards

Oct 02, 2017 09:37 am
Wilsons, an independent law company with a young and dynamic team of Czech and foreign lawyers, has triumphed in the Lawyers Worldwide Award Magazine Five Star Lawyers 2017 awards. Based on the Lawyers Worldwide Awards Magazine readers’ voting, Wilsons was named the winner of the category ´Real Estate Law Firm of the Year - Czech Republic´. The Five Star Lawyers 2017...
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Energy components to be built in Bulgaria

Oct 02, 2017 09:30 am
In Kardzhali, a town in the Eastern Rhodopes in Bulgaria, International Power Supply is to build a new high-tech factory. The value of the investment is thought to be around €18m or BGN 36 million. The new plant will produce power supply systems for the renewables sector. The factory is expected to employ more than 100 people when its first phase opens, but should grow...
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Shopping mall Etna opens in Gracanica

Oct 02, 2017 09:24 am
The Etna shopping mall has opened in the Bosnian city of Gracanica following an investment of roughly €2.5m. The investor behind the project is the company Edo-Slad. It claims that the mall's contemporary design and modern look, it will help raise standards in the retail sector. The mall, which is attracting local as well as international brands and services, is...
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Project Immobilien to develop resi project in Berlin-Lichtenberg

Oct 02, 2017 09:23 am
Project Immobilien is set to develop a residential project in Berlin’s Lichtenberg district. The scheme, I LOVE Lichtenberg, will feature 65 units which are already available for purchase. The property will include five family houses with two to four-room units as well as gardens, balconies and roof terraces. A children’s playground and outdoor seating will be developed in...
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Oxford, Madison acquire Sony Center in Berlin for €1.1bn

Oct 02, 2017 09:18 am
Oxford Properties and Madison International Realty have acquired the Sony Center in Berlin for €1.1bn from NPS Korea. This is Oxford’s first acquisition in the German capital. Located on Potsdamer Platz in the city’s Mitte district, the mixed-use scheme offers 112 sqm of space in eight buildings spread across six acres, including 85,000 sqm of office, 20,000 sqm of retail...
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Investcorp spends $350m on Florida and Arizona resi portfolio

Sep 29, 2017 02:32 pm
Investcorp, based in Manama, Bahrain, has closed on the purchase of a six property multifamily portfolio for a combined $350 million. The assets, which total 2,800 units, are located in Florida and Arizona. The acquisitions include Highpoint Club and Montevista at Windermere in Orlando, Fla., Aqua Deerwood in Jacksonville, Fla., and Arcadia Cove, Tuscany Palms and Midtown...
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Melo Group tops off The Square Station in Miami

Sep 29, 2017 02:30 pm
The Square Station mixed use project in downtown Miami has been topped off by its developer the Melo Group. The project will feature twin 34-story towers encompassing 710 units along with 15,000 square feet of ground floor retail space. Located at 1424 NE Miami Place, the property's amenities will include a 80 foot lap pool, Jacuzzi area and lounge deck and will offer...
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Denton Plaza goes to MidAtlantic RE for $12m

Sep 29, 2017 02:29 pm
MidAtlantic Real Estate Investments has acquired Denton Plaza, a retail center in Denton, Caroline County, Maryland for $12 million. The 100,000 square foot center rests on a 12 acre site at Legion Road & Route 404. Currently 73 percent leased, notable tenants in the scheme include Rite Aid, Dollar Tree, Mattress Firm, Petco, Great Clips, YMCA, Verizon, Choice One...
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David Berke joins Newmark Knight Frank in NYC as senior MD

Sep 29, 2017 02:24 pm
Newmark Knight Frank has hired David Berke to serve as a senior managing director in its New York office. Berke specializes in tenant representation with a focus on clients representing a wide range of industries, including fashion, financial services, construction, accounting and media. Prior to joining NKF, Berke worked for 10 years as a managing director for Cushman...
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Forte Partners buys 1,700 sqm plot in central Bucharest

Sep 29, 2017 10:44 am
Forte Partners has bought a plot located behind Novotel hotel, next to Palatul Telefoanelor in Bucuresti. The land has a total area of 1,700 sqm on which Forte will build an A class office building. The transaction value was approximately 4 milion euros. “We believe in office development in central and ultra-central areas. The city center doesn't have a proper A class...
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