The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.

The Amadeus Real Estate Group is preparing to sell the Máj department store in the centre of Prague to Realita fund, managed by the investment company Atris, reports Seznamzpravy.cz.

The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of 2024, down 20% compared with the same period of 2023, according to a Cushman & Wakefield Echinox report.

CEE is one of the most promising locations for e-commerce, according to the latest report from Cushman & Wakefield. In addition, data from Cushman & Wakefield shows that Poland accounts for over half of the turnover reported in the CEE region. The growth outlook for the Polish e-commerce sector is even more positive, as logistics costs in Poland - which are strategically important for e-commerce - are 18% lower than in the Czech Republic and 50% lower than in Germany.

Panattoni has been awarded a green loan from Berlin Hyp AG worth €74.34 million. The financing is for a logistics centre in Bydgoszcz.

CTP has announced its sixth manufacturing and logistics investment in the Warsaw region, CTPark Warsaw Nowy Konik. This new industrial and logistics park will include four warehouses with a total area of over 76,300 sqm, and construction is scheduled to start in the first quarter of 2025.

Romanian developer Iulius says its entire portfolio holds green certifications or is pending certification, with more than 500,000 sqm being included in the LEED standard for green buildings.

Bog'Art Building Management, the facility management company part of Bog'Art Group, has appointed Tudor Marchiș as CEO. 

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

P3 Logistic Parks has added new talent to its acquisitions team. Stanislava Pištěková, who has already gained extensive experience in this area, has taken up the position of Senior Acquisition Manager.