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Posts from CIJ News Europe for 11/05/2015

Daily Commercial Real Estate News
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In this edition: 11/05/2015

Babiš, Chrenko, Haščák ranked richest Slovaks

Nov 05, 2015 11:45 am
Czech Finance Minister Andrej Babiš was ranked as the richest Slovak in a list compiled by Forbes magazine. The fortune of the 61-year-old owner of Agrofert and...
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Hungary opens trade center in Milan

Nov 05, 2015 11:43 am
Hungarian Foreign Minister Péter Szijjártó has opened a Hungarian investment and trading center in Milan. The center was created to improve Hungary’s exports to...
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Igor Klajmon leaving CPI PG

Nov 05, 2015 11:03 am
Igor Klajmon is leaving his position as development director of CPI Property Group after four years. He is leaving the company following a change in strategy...
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Leroy Merlin closes store in Pitesti

Nov 05, 2015 11:02 am
Leroy Merlin closed its store in Pitesti, citing low sales. This is the second store the retailer has closed this year. It also closed one of the units acquired...
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German funds to offload €800m in assets on Czech market

Nov 05, 2015 11:00 am
Eighteen German open-ended property investment funds plan to offload their portfolios, totaling €22bn, before 2017, according to Cushman & Wakefield. The...
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Arzan Wealth advises on retail property acquisition in Dusseldorf

Nov 05, 2015 10:58 am
A strategic partner of Arzan Wealth, 90 North Real Estate Partners, acquired a newly refurbished retail asset in Krefeld, the administrative district of...
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Intu Properties to invest $770m on Spanish retail market

Nov 05, 2015 10:56 am
Intu Properties is planning to invest $770m in Spain over the next seven years. The company, which owns of several UK shopping malls, intends to follow the...
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Romanian PM Victor Ponta resigns

Nov 05, 2015 10:51 am
Romanian Prime Minister Victor Ponta resigned Wednesday after tens of thousands took to the streets following the death of 32 young people in a Bucharest night...
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PiS: FTT regulations to add PLN 1.7bn to Polish budget

Nov 05, 2015 10:14 am
A new tax on financial transactions could add PLN 1.7bn to the state budget, according to the Law and Justice (PiS) party, which wants to introduce the European...
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Griffin, Skanska, Starwood eye Westin Warsaw acquisition

Nov 05, 2015 10:01 am
Griffin, Skanska and Starwood are set to acquire Warsaw’s Westin hotel. The companies have already asked the European Commision to approve the deal, which is...
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Marketing agency leases 5,000 sqm in Becken scheme

Nov 04, 2015 11:51 am
Marketing agency group Thjnk signed a lease on 5,000 sqm of offices at Boa Vista, currently underway in Hamburg. Located between Vorsetzen and Wolfgangsweg...
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MOM Park Towers signs five office leases

Nov 04, 2015 11:36 am
Grade A MOM Park Office Towers in Budapest signed three new tenants and two lease renewals, totaling 2,000 sqm. Cushman & Wakefield brokered the deals. The...
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Skanska to rebuild Česká Lípa railway station

Nov 04, 2015 11:12 am
Skanska has signed a contract with the Czech railway authority, Správa železniční dopravní cesty (SŽDC), to modernize the Česká Lípa railway station in North...
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Stupava recreational area on the market

Nov 04, 2015 10:57 am
The 5 ha recreational area next to Zámocký park in Stupava, just outside Bratislava, is on the market. The property includes a hotel with a congress complex, a...
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Vastint lays cornerstone of Timpuri Noi Square

Nov 04, 2015 10:52 am
Vastint laid the cornerstone of the Timpuri Noi Square mixed-use project in the Bucharest city center. The project will feature up to 100,000 sqm of office and...
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Kimball Electronics opens a factory in Timisoara

Nov 04, 2015 10:52 am
Kimball Electronics, a US company that supplies electronic components to the industrial, automotive and medical sectors, opened a factory at the Olympia...
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Penta takes over Vltava-Labe-Press

Nov 04, 2015 10:51 am
Penta Investment has entered the Czech media industry by taking over Vltava-Labe-Press (VLP) from Verlagsgruppe Passau. VLP publishes the nationwide daily...
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MLP adds 10k on-spec space to MLP Poznań

Nov 04, 2015 10:47 am
MLP Group is launching its first on-spec project in the city of Poznań. The 10,000 sqm facility is expected to be delivered in the second quarter of 2016. MLP’s...
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Sołowow to acquire Astra Park in Kielce

Nov 04, 2015 10:27 am
Michał Sołowow, the former majority shareholder of Echo Investment, has signed a preliminary agreement to take over Astra Park in Kielce. The €31.4m transaction...
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CIJ October Issue 2015