The Victoria Palace building on Vítězné Square in Prague has received valid building use approval. The project developed by Penta Real Estate and Kaprain has been designed with 92 high-end apartments and retail units on the ground floor. 

Construction management in the Czech Republic is entering a new, digital era. The long-awaited change has not been easy. Having not enough time to get acquainted with the new regulations and digital systems, both sides, building authorities and builders are struggling, reports E15.cz.

The Industrial parks investor Accolade has issued green bonds in the Czech currency. The planned issue of CZK 1.5 billion (€120 million) has been sold out within a week.

Weerts Logistics Park (WLP), which has a Belgian-Hungarian ownership background, has reached the highest point for the first phase of 22,000 sqm of the new logistics project spanning 55,000 sqm that is developed in the neighbourhood of Debrecen, in Ebes.

Danube House is a landmark office building in Riverside Karlin, anchored by international occupiers from tech, start-up, legal, and banking industries. After 20 years of operation, it is now undergoing comprehensive refurbishment.

Panattoni has completed the commercialisation of Panattoni Park Koluszki and launched work to extend the centre by 14,000 sqm. The centre’s current tenants Kamoka and Pet Republic have taken the decision to lease the additional space.

Cummins Generator Technologies Romania has extended its lease for 17,000 sqm of production and storage spaces in CTPark Craiova, in a deal brokered by Colliers Romania. 

Romanians have spent €36 billion in large retail chains during 2023, an amount 11% higher compared with 2022, according to a Cushman & Wakefield report. Of the total amount, FMCG had a share of more than 60%.

Romanian developer Transilvania Construcții is recording a 45% increase in the demand for offices within its industrial portfolio in Romania.

Refield sold two retail parks, Pasaż Kępiński and Pasaż Grodziski, to Falcon Investment Management . These two assets, totalling 22,000 sqm GLA, were completed by Refield in late 2023. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 million (ca. €35 million).