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Posts from CIJ Europe.com for 02/07/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 02/07/2017

Hungary’s property market continues to grow

Feb 07, 2017 11:58 am
Hungary’s residential property market has grown prosperously since the Economic crisis of 2008-2013 where investments were down by 50%. By 2015 the country had a higher employment rate and the purchasing conditions of property had changed in favour of the investors. Low rates and high rental yields offered investors profit in buy to let properties and therefore increased...
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Crestyl to open Central Jablonec in April

Feb 07, 2017 11:42 am
Central Jablonec is set to open in April, and its manager Aleš Stupka claims 90 percent of the retail space in the shopping center will be leased before then. The developer, Crestyl, is finalizing work on the 13,000 sqm shopping center, which replaces the old Jabloň department store between Generála Mrázka and Máchova streets in central Jablonec nad Nisou in North Bohemia....
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VB Real Estate Leasing selling nám. Republiky 7 in Prague 1

Feb 07, 2017 11:31 am
VB Real Estate Leasing, originally a part of Volksbank Group, has put the historic building at náměstí Republiky 7 in Prague 1 on the market. Colliers International will broker the sale. Located next to the Kotva department store, opposite the Palladium shopping center, the building used to house the headquarters of the Czech National Socialist Party, which was forced to...
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YIT starts clearing in Cvernovka

Feb 07, 2017 11:27 am
YIT has started clearing Bratislava’s Cvernovka area which it plans to rebuild into a new residential neighborhood with flats, shops, restaurants and a green park. The developer tapped Compass Architekti in a tender at the end of 2016 to design the project which is currently in the permitting process. Work on the brownfield started last year, when YIT tore down the...
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ROKI takes 5,500 sqm at CTPark Arad

Feb 07, 2017 11:06 am
ROKI, the Japanese manufacturer of automotive filters, signed a lease on 5,500 sqm at CTPark Arad. This is the company’s first production facility in Europe. In addition to logistics space, the deal also includes offices and social areas. “We are very happy that ROKI has chosen CTPark Arad as its first European destination. This project is part of company’s expansion policy...
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Egis acquires Russian drug portfolio of Croatian peer

Feb 07, 2017 10:33 am
Hungarian company Egis Pharmaceuticals has acquired the Russian skin care and womenʼs healthcare product portfolio of its Croatian peer, Jadran-Galenski Laboratorij. The cost of the transaction was not disclosed. The investment is in line with Egis’ commitment to expand its activity on strategic markets and enter new segments and therapeutic areas. D-Panthenol, the skin...
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Savills appoints new property manager in Wrocław

Feb 07, 2017 10:30 am
Savills appointed Marcin Stanisławski senior property manager. In his new role, Stanisławski will managed three office properties located in Wrocław totaling nearly 33,000 sqm, including the newly constructed Nobilis Business House owned by Echo Investment (16,000 sqm), Wratislavia Tower owned by Cinema Tower (11,000 sqm) and the office and retail complex Hieronimus owned...
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Ericsson leases 8,400 sqm in record Łódź transaction

Feb 07, 2017 09:54 am
Ericsson has signed a lease on 8,400 sqm of office space at University Business Park in Łódź. Ericsson will relocate to its new office space in July. JLL represented the tenant in the largest lease transaction on the Łódź market last year. The deal closed in Q4. Developed by Globe Trade Centre, University Business Park offers 39,000 sqm of office space in two seven-story...
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Immochan considers expanding Romanian retail portfolio

Feb 07, 2017 01:03 am
Immochan is considering adding three more shopping malls to the Romanian market in investments that could reach €300m, according to Economica.ro. The French real estate developer is eying three development properties in Bucharest, Sibiu and Craiova, with the CEO of Immochan Romania, Tatian Diaconu, saying these cities still had “room” for such projects. In addition to...
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C&W to lease 182,000 sqf shed in Edison, NJ for Liberty Property Trust

Feb 06, 2017 04:35 pm
Cushman & Wakefield has been selected as leasing agent for Liberty Property Trust's Class A, Raritan Center. Located at 1075 King George Post Road in Edison, N.J., the 182,000 square foot industrial building is slated for delivery in April. The asset will feature tilt-up construction, 36-foot clear ceilings, 43 dock and two drive-in doors, heavy power, and EPDM...
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Eden Properties acquires 26 West Street offices in Boston for $21.8m

Feb 06, 2017 04:33 pm
Eden Properties has closed on the purchase of 26 West Street, a 53,000 sqf office and retail asset in a $21.8 million deal. The property is located in the Ladder District neighborhood of Boston, directly between the Downtown Crossing and Park Street MBTA stations. The mixed use building is two-thirds leased to government union, SEIU, in a long term deal. Colliers...
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Eric Walter promoted to executive VP at Greenberg Gibbons

Feb 06, 2017 04:30 pm
Greenberg Gibbons, a developer of retail and mixed-use properties in the Mid-Atlantic, has named Eric Walter as Executive Vice President, Development, Acquisition & Finance. Walter has served as Senior Vice President at Greenberg Gibbons since 2012. In his new role, Walters will be responsible for overseeing the company’s development activities, acquisition...
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Aguilar strengthens Shutts & Bowen's real estate group

Feb 06, 2017 04:28 pm
Rafael A. Aguilar has joined Shutts & Bowen LLP Miami office as a partner in its Real Estate Practice Group. Aguilar has more than 20 years of experience representing real estate developers, home builders, financial institutions and private equity funds throughout the United States and in Latin America. Prior to joining Shutts, Aguilar was one of the founding partners...
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Autumn Senior Living begins trio of Florida senior homes

Feb 06, 2017 04:26 pm
Autumn Senior Living has broken ground on three new assisted living facilities in Sarasota, Brandon and in the Westchase neighborhood of Tampa. The projects, worth a combined $100 million in capital investments, will deliver nearly 400 senior residences to the area. The developments will be branded under what Autumn Senior Living calls I-Lite Assisted Living and Memory Care...
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Robbins Electra grows Jacksonville portfolio with $35m residential buy

Feb 06, 2017 04:23 pm
Maple Glen, a 358-unit apartment community in Orange Park, Fla. has been acquired by Robbins Electra for just over $35 million. Located on the west side of Jacksonville at 1863 Wells Rd, the new owners intend to rebarand the property The Parkland at Orange Park and plan a multimillion-dollar renovation. The low-rise property is composed of one-, two- and three-bedroom...
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Recent Articles:

Construction of Szczecin Business Plaza breaks ground
Industrial producer prices up 0.5% in Hungary
YIT buys two new sites in Prague
Carrier commercial area in Horní Počernice changes hands
Martin Hudak to lead C&W warehouse team in Slovakia
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