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Posts from CIJ Europe.com for 03/30/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 03/30/2017

Rewe to build €80m logistics center in Koblenz

Mar 30, 2017 10:58 am
German supermarket chain Rewe is set to build a new €80m logistics center in Koblenz, central Germany. Two banks, including KfW Ipex-Bank, will finance the project with €58m. The new logistics center will supply stores in Rheinland-Pfalz and Nordrhein-Westfalen. Rewe recently unveiled plans to invest €1.7bn into the modernization of its markets. With 211,000 employees...
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Zdrofit signs on at Equator IV in Warsaw

Mar 30, 2017 10:25 am
Karimpol Group has signed a lease agreement with the Zdrofit fitness club chain for 1,662 sqm at the Equator IV office building. The tenant will occupy the entire first and ground floors of the office building underway in Warsaw’s Ochota district. The Zdrofit fitness club is scheduled to open in July 2018. Equator IV will offer 34,935 sqm of space on 14 floors. There will...
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Panattoni to build 79,000 sqm logistics center for BSH in Łódź

Mar 30, 2017 09:56 am
Panattoni Europe is planning to build a logistics center for BSH Sprzęt Gospodarstwa Domowego in Łódź. The 79,000 sqm facility will feature a special ramp system, LED lighting, as well as additional skylights and facade windows to maximize access to natural light. Construction is set to begin in May with completion scheduled for spring 2018. “The development for BSH is...
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ČEZ to sell off 7.5% stake in MOL

Mar 30, 2017 09:54 am
The Czech energy giant ČEZ will be selling off the 7.5 percent share it holds in the Hungarian oil and gas producer MOL, according to a report in the daily Hospodařské noviny. The company acquired the stake in 2007. The company's spokesman said the move had been sparked by a sharp rise in the share value of MOL, adding that the current selling price would represent a 4...
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CPI closes deal with CBRE GI for 265,000 sqm of CEE retail

Mar 30, 2017 09:44 am
CPI Property Group has closed on its acquisition of a €650m portfolio of CEE retail assets located primarily in the Czech Republic, Hungary, Poland and Romania. The eleven assets were owned by two funds managed by CBRE Global Investors and total roughly 265,000 sqm of GLA. The largest shopping centers included in the deal are Olympia Plzeň and Nisa Liberec in the Czech...
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Wilsons winner in the 2017 Business Excellence Awards

Mar 30, 2017 09:43 am
Wilsons has received another prestigious award, as the Prague-based, independent law firm has been chosen as the winner of the 2017 Business Excellence Awards. Chosen by Corporate Insider, Wilsons now carries the title ‘Law Firm of the Year - Czech Republic‘. Corporate Insider provides corporate news with a particular focus on the M&A, financial, legal and...
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Daniel Cautis joins business development team at CTP

Mar 30, 2017 09:33 am
Daniel Cautis has joined CTP’s business development department in Romania as a senior team member. He will be based in Bucharest. Cautis will be working with Marian Orzu and Radu Ciobanu to help grow CTP’s portfolio in Romania to 1 million sqm by the end of the year. Cautis previously worked for Colliers International Romania, where he served as an associate broker within...
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Kraków, Wrocław, Tri-City drive office growth in Poland in 2016

Mar 30, 2017 09:18 am
Nearly half a million sqm of modern office space was delivered to the Polish office market in key regional cities in 2016. Growth was driven by Kraków followed by Wrocław and the Tri-City area, according to BNP Paribas Real Estate Poland. Current pipeline projects will significantly boost supply in 2017, BNP Paribas writes in its latest report. “For a few years now the...
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M&T Bank finances University Place apartments construction in Jersey City

Mar 29, 2017 03:09 pm
A joint venture between The Hampshire Co., Claremont Co. and Circle Squared Alternative Investments has locked down $32.5 million in construction financing for phase one of University Place. The mixed use scheme in Jersey City will feature 163 apartment units, 10,000 sqf of ground floor retail and 20,000 sqf of common amenity space. The project is part of New Jersey City...
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Gaming and Leisure Properties buys 2 Mississippi casinos

Mar 29, 2017 03:06 pm
Gaming and Leisure Properties, Inc. has entered into an agreement to acquire the real estate assets of Bally’s Casino Tunica and Resorts Casino Tunica located in Robinsonville, Mississippi for $82.6 million. The two facilities combined feature 75,000 casino sqf of casino space, 1,747 slot machines and 25 table games. The properties also include six restaurants, 201 hotel...
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Brad Mason to lead real estate development for Skanksa in Washington, D.C.

Mar 29, 2017 03:03 pm
Skanska's Washington, D.C. office has promoted Brad Mason to Director of Real Estate Development. Mason joined Skanska as a senior manager of development in 2014. With more than 15 years of industry experience, he is now leading the development efforts at Skanska’s 2112 Pennsylvania Avenue project in the Foggy Bottom neighborhood. Mason graduated from Arizona State...
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Construction kicks off on 100 Las Olas, Ft. Lauderdale's tallest building

Mar 29, 2017 03:02 pm
Work has started on Fort Lauderdale's tallest building, 100 Las Olas. The mixed use tower will span 499 feet over 46 stories, and will house 121 condominium units, a 238-room Hyatt Centric hotel along with 8,500 square feet of restaurants and retail on the ground floor. The scheme is slated for completion in the fall of 2019 with Kast Construction serving as the...
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Pulte Group buys land for new retirement home in Boca Lago Country Club

Mar 29, 2017 02:59 pm
Atlanta-based Pulte Group has picked up a 40 acre development site in the Boca Lago Country Club in a $8.3 million deal. The home builder plans to build a retirement community called Boca Flores on the land located in Boca Raton. The 130 unit scheme will boast two story carriage style homes with elevators and one-story villas starting in the high $300,000s. The development,...
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HOF Awards 2017 - Best of the Best - Nominations in the category Asset Management Company

Mar 29, 2017 01:39 pm
In 2016, CIJ Europe the leading commercial real estate news provider across Central and South Eastern Europe launched the most formulated transparent 2 tier judging platform to honor Elite Real Estate developments, companies and service providers in the final of winners from 6 countries across CEE and SEE: the HOF Awards - Best of the Best. THE WINNERS OF THE HOF AWARDS...
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