Colliers International Croatia says that a new wave of office development in Zagreb is underway, prompted by falling vacancy rates in recently constructed class A offices. The findings come in the international property consultants new Zagreb Office Market Overview for the first half of 2008.
Archive for March, 2008
Colliers Croatia Falling vacancy rates are prompting a new round of expansion
Monday, March 31st, 2008US ProLogis pours another 91.7M euro in real estate across Europe
Monday, March 31st, 2008ProLogis European Properties, a subsidiary of the United Statesbased company ProLogis, specialised in logistic space, plans to invest another 91.7 million euro in real estate across Europe, Europe RE real estae website reported.
Park REIT announces 2007 financial results
Monday, March 31st, 2008Park real estate investment trust REIT registered an annual profit of 5.73 million leva for 2007, 5.72 million of it generated after the mandatory reevaluation of the funds investment properties as required by the law regulating special purpose vehicles.
Bulgarians shift preferences to spa resorts
Monday, March 31st, 2008Middleaged Bulgarians have embraced the philosophy of healthy living and recreation, increasingly opting for sparesort vacations, according to the monthly survey of the tourist website travel.bg.
Albena to invest 50M leva in boosting bed capacity
Monday, March 31st, 2008Albena holding company will pour 50 million leva this year in increasing bed capacity and modernising hotel complexes in Albena resort, according to the company managements plans, published in its corporate report for 2007 and quoted by Dnevnik daily.
Velingrad attracts investors interest
Monday, March 31st, 2008Land and residential space in Velingrad, in southwestern Bulgaria, almost doubled their values for a year, prompted by growing interest from developers, Stroitelstvo Gradut Construction and the City weekly reported.
Beach concessions up for dispute
Monday, March 31st, 2008Amendments to the law on beach concessions envisage Regional Development and Public Works Minister Assen Gagaouzov deciding which 100 coastal beaches would be given on concession or rented out.
Wrangles over the amendments to Bourgas master plan
Monday, March 31st, 2008Bulgarias Ministry of Regional Development and Public Works will assign a new procedure for developing a new master plan of Bourgas, regional minister Assen Gagaouzov announced on March 31, quoted by Dnevnik daily. He explained that the new plan for urban development will add new territories to the municipality.
ECPC rejects offers for Veliko Turnovo mall, hopes to close deal soon
Sunday, March 30th, 2008European Convergence Property Company investment fund ECPC, the owner of Central Mall in Veliko Turnovo, said in a filing with the London Stock Exchange on March 31 that it had received a number of offers for the retail centre.
Bulgarias economy grows more vulnerable Coface
Sunday, March 30th, 2008Frenchbased leading credit management firm Coface put Bulgaria in its list of countries under surveillance due to the increasing amount of business risk, the credit insurance agency said in a statement on March 30. Coface also downgraded its country risk rating from quot;A4 quot;, which it assigned in January last year, to quot;A4 quot;.