The YIT company has sold the Rivi Bachova project in the Praha-Chodov district to the Rivi Construction Cooperative. The interest in cooperative housing is increasing given the situation in the Czech mortgage market.

RSJ Investment Group has announced the completion of the sale of a modern industrial hall near Chomutov with a leasable area of almost 40,000 sqm. The company Jungheinrich has been manufacturing forklift trucks since mid-2023. Patria Investment Company, a part of the ČSOB group, has become the new owner.

The Czech office of Drees & Sommer is expanding its management team. Markus Ising has been promoted to Managing Director with a focus on clients from the DACH region. 

A new player enters the field of private student housing investments in Poland. roomies is a startup with the aim to invest in PBSA in Poland and to develop more than 2,000 units within the next 5 years. 

Polish Prime Minister Donald Tusk has ended speculation about the future of CPK (Centralny Port Komunikacyjny), a huge airport hub in central Poland. He conveyed that the investment in Baranów between Łódź and Warsaw will be realised. After the change of ruling team in recent months, there was no shortage of public statements that the project pushed by the previous team would be abandoned as "megalomaniacal" and unnecessary.

Industrial developer CTP has announced the signing of a 5-year €500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 4.7%. At the same time, the company launched a concurrent tender offer which will enable the group to repurchase short dated bonds with a total nominal amount of €500 million.

Gijs Klomp, Business Development Manager at WDP Romania, talked to Property Forum about the company’s more than €90 million development pipeline on the local market and the outlook of the industrial sector on rents and new demand.

LemonTree is starting another investment project, this time located in the capital of West Pomerania in Poland. WestSide Szczecin will deliver nearly 31,000 square meters of warehouse and office space, equipped with solutions that reduce the building’s environmental impact. The facility is scheduled to be commissioned in February 2025.

The company BTL together with Lucerna Palace's current owner Dagmar Havlová have founded the company Palác PL. Havlová has invested the property of Lucerna into Palác PL retaining a 25% share. The remaining 75% have been acquired by BTL in exchange for almost CZK 1 billion (€40 million), reports Forbes.cz.

UBM Development Czechia is completing the Timber Praha residential project, the first sustainable timber apartment building in Prague. Unlike multi-storey foreign projects, this one has reached a height of four floors, i.e. 12 meters of fire height.