Building A gained second place in the prestigious Best of Realty in the Reconstructed Offices category. The jury, composed of representatives of the Association for the Development of the Real Estate Market (ARTN) and other professional associations, appreciated Building A with the technology used and its modern concept that meets the trends of the 21st century, thanks to which it will duly represent MONETA Money Bank.
Announcement of the 20th Best of Realty results was held at the Congress Center of the Czech National Bank and Martin Čermák took over the awards.
(source: BB Centrum)
Futureal Group has exited its €19m mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania.
All those dollar stores really add up.
The founding family of Goodlettsville-based Dollar General Corp. is selling a Colorado estate that combines entertainment and business for $12.9 million. It's located in Parker, Colorado, just southeast of Denver.
Real estate company Czech Property Investments, which is a subsidiary of CPI Property Group, controlled by billionaire Radovan Vítek, will pay all its bonds at the end of November. Creditors will pay approximately CZK 8.5 billion.
The business catering service ezCater will lease all 100,000 square feet of space that WeWork is scheduled to open early next year at 40 Water St. in downtown Boston, with room for up to 750 employees on four floors.
Silicon Valley's office and R & D sectors has more than 1.9 million square feet (msf) of positive net absorption. Julie Leiker, Cushman & Wakefield's Market Director for Silicon Valley, said "In contrast, despite the strong occupancy effort in the R&D sector during the third quarter, the negative hangover felt from the first two quarters still leaves year-to-date R&D net absorption at negative 203,000 sf, although it is trending in the stronger direction,"
With GDP growth of 2.6 percent predicted for 2014 the Czech Republic is successfully recovering from the market downturn of the last two to three years with a substantial pipeline in the Prague office market, although concerns have been expressed with regard to rising vacancy. Take up in the industrial sector is increasing across the country as leading developers are opting for a more cautious built-to-suit development model. A new benchmark in investment volume is predicted as the upward trend is expected to continue with office transactions in Prague and retail and industrial deals across the country anticipated. Concerns have been expressed with regard to the limited supply of investment grade product to meet growing investor demand.
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