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Posts from CIJ Europe.com for 12/15/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 12/15/2017

Leasing volume on Tricity office market up by 60%

Dec 15, 2017 10:52 am
Tricity is the third largest regional city in Poland, after Kraków and Wrocław, in terms of office stock, which now totals 693,000 sqm, according to Cresa. There are nearly 135,000 sqm currently under construction in Tricity. The development pipeline includes Olivia Star, offering 40,000 sqm, which is scheduled for delivery this month. “Office tenants have finally come to...
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DIC Asset acquires two office properties for Office Balance II

Dec 15, 2017 10:48 am
DIC Asset AG has acquired two office properties in Germany for its DIC Office Balance II institutional real estate fund. The purchase price was €30m. The leasable area of the property in Dortmund, located on Königswall, offers around 4,800 sqm of space. One of its anchor tenants is the Continentale BKK insurance company. The second property is a building on Bahnhofstrasse...
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Kamil Żach named land specialist at Cushman & Wakefield

Dec 15, 2017 10:29 am
Kamil Żach has joined Cushman & Wakefield as a land specialist. He will be responsible for the acquisition and sale of development land. He will also review real estate documents, cooperate with public administration and build relations with real estate owners and investors. Żach has many years of professional experience in the acquisition of commercial and residential...
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STEP to build Aalto Cibulka for YIT

Dec 15, 2017 10:24 am
STEP will be the general contractor for YIT's residential project Aalto Cibulka in Košíře – Pragu 5. The low-energy scheme will have 250 apartments and should be finished by 2019. YIT's Business Manager, Dana Bartoňová said they weren't working with contractor for the first time. "We chose STEP because they have a wealth of experience and because of...
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Kooperativa - Pojišťovna České Spořitelny merger to create biggest insurer

Dec 15, 2017 10:21 am
A merger between two insurers, Kooperativa and Pojišťovna České Spořitelny is poised to create the country's largest insurance company. Kooperativa is currently the second largest in the country with market share of 20.4 percent, while Pojišťovna České Spořitelny controls an additional 5.4 percent. The merger is expected to demote market leader Česka Pojišťovna to...
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CZ shorts: CPI, Kaufland, Brno and migrants

Dec 15, 2017 06:30 am
CPI didn't just announce it was beginning construction on Mayhouse, its new 7,700 sqm office building in Prague 4's Pankrac district. It also came out that the company acquired two hotels: one in České Krumlov that undergo reconstruction to be turned into a 30-room, 4-star hotel. The other in Budapest, with 3,700 sqm of GLA and right next to the Starlight Hotel,...
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Prague mayor's career afloat despite bridge collapse

Dec 15, 2017 06:12 am
A popular foot bridge may have fallen in Prague, but heads have yet to roll as a result. It's not for lack of trying, though. Opposition politicians in Prague's city hall tried to force the city's mayor Adriana Krnačová to resign but mustered just 22 of the 33 votes needed to unseat her. The Pirate party got in on the act, recommending that deputy mayor Petr...
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Alternativa from Sarajevo opened new production plant

Dec 14, 2017 11:17 am
Alternativa has opened a new production plant for polyurethane panels in the Famos Industrial Zone. The value of the new facility is about €7m, with around 10,000 sqm of enclosed space and another 5,000 sqm of open space. It's a fully automated production facility equipped with machines that make increase its capacity 20-fold. Alternativa is a Sarajevo-based company...
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