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Posts from CIJ for 10/16/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 10/16/2017

Construction output to leap 4.6% in 2017

Oct 16, 2017 09:54 am
Construction companies are predicting the sector to grow by 4.6 percent in 2017 and by a further 3.8 percent in 2018, according to a new report released by CEEC Research. Based on a survey of leading contractors, it's expected that revenues will rise by 5 percent. They revealed that contractors are currently running at 95 percent capacity and that a lack of workers has...
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ANO forecasted to win Czech general election

Oct 16, 2017 09:52 am
Despite a slip in popularity over the last several months, Andrej Babiš’ ANO party is still projected to win next weekend’s Czech parliamentary election, according to recent public opinion polls, with the Social Democrats (ČSSD) and the Communists (KSCM) competing for second. The Civic Democrats (ODS) are forecasted to come in fourth. ANO is projected to take around 25...
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Frigo Logistics, Longway Polska sign leases in Masovia region

Oct 16, 2017 09:30 am
Frigo Logistics, which specializes in the distribution of frozen goods has leased 1,200 sqm of deep-frozen warehousing space and 150 sqm of office space at the P3 Błonie logistics park. Longway Poland, the owner of the popular bicycle brand Karbon, meanwhile, has signed a lease on more than 1,400 sqm of warehouse space and 300 sqm of office and staff rest and refreshment...
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Prologis completes second BTS facility for Arvato in Stryków

Oct 16, 2017 09:08 am
Prologis completed a BTS facility for Arvato Polska, a complex outsourcing service provider, at its park in Stryków. Delivered a month ahead of schedule, the new building offers 18,100 sqm. Arvato Polska now leases 40,400 sqm at Prologis Park Stryków. “It is the second building in Prologis Park Stryków that is tailored to Arvato’s specific needs. Satisfaction with our...
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BOBO Coworking enters Poland

Oct 16, 2017 09:05 am
BOBO Coworking will open its first location in Poland at myhive Crown Point in Warsaw’s Wola district. The coworking operator signed a lease on 1,700 sqm of space and over the next three years is planning to open an additional five locations in big cities across Poland. JLL brokered the deal. “We made a strategic decision to introduce our newest office concept to Poland. It...
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IGH plans opens Holiday-Inn-Express hotels in Göttingen, Düsseldorf

Oct 16, 2017 08:47 am
Intercontinental Hotels Group (IGH) is set to open new hotels under its Holiday Inn Express brand in Göttingen and Düsseldorf. Bauwo will develop a 144-room hotel in Göttingen on Groner Landstrasse, with completion scheduled for Q2 2019. Success-Gruppe will operate the hotel. Holiday Inn Express Düsseldorf Airport, meanwhile, will feature 324 rooms. Completion is scheduled...
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HighLight Towers in Munich fully leased

Oct 16, 2017 08:43 am
The state-owned real estate management company Immobilien Freistaat Bayern signed a lease on 1,148 sqm of office at HighLight Towers in Munich. The scheme is now fully leased. The property, which was acquired by Commerz Real in 2016, offers approximately 71,600 sqm of office space. Tenants include IBM, Fujitsu and Unify. In total, the complex, which is part of the...
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Cambria Hotel South Boston scheduled for 2019 completion

Oct 13, 2017 02:23 pm
Developer City Point Capital along with Choice Hotels International has broken ground on the Cambria Hotel South Boston. Located at 6 West Broadway, the 159 room property is scheduled for completion in 2019. The asset sits directly across from the Massachusetts Bay Transportation Authority's Red Line T station and near the Boston Convention Center. Notable national...
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PGIM sells 1800 M Street in Washington, D.C. for $421m

Oct 13, 2017 02:20 pm
A joint venture between Columbia Property Trust and Allianz Real Estate of America has paid $421 million for a Class A office building in Washington, D.C. The property, 1800 M Street, is a 10 story 580,930 square foot office building situated at the corner of 18th and M Streets in Washington, D.C.’s Golden Triangle area. The asset is 94 percent leased to 34 tenants and...
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C&W to market Stock Development's resi scheme in Fort Myers, FL

Oct 13, 2017 02:18 pm
Stock Development has selected Cushman & Wakefield’s Florida Multifamily team to market the Spectra Apartments, a newly constructed, Class A multifamily community in Fort Myers, FL. Located at at 5500 Spectra Circle, the 324 unit community completed in July has 12, three-story buildings. The 32 acre site near Interstate 75 features a resort-style pool with cabanas, a...
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Pulte Homes buys 71 house plots in Village of Amaranda in Naples, FL

Oct 13, 2017 02:16 pm
Home builder Pulte Homes has acquired 71 single-family home sites in the master planned community of Fiddler’s Creek in Naples. Pulte will feature three home designs ranging in size from 1,671 to 3,077 square feet starting at more than $500,000. Construction of the development, Village of Amaranda, is slated to start in January 2018. Other home builders in the community...
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CIJ October issue 2017
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