Penta Real Estate has announced the results of the architectural competition held last year for a new building in Hybernská Street in Prague, on the site of the former post office building. Seven invited teams from the Czech Republic and Slovakia have participated in the competition.

The Prague Research Forum – CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills – has shared an updated Prague office market insight. Figures and data for Q4 2023 have confirmed a cautious approach both from developers and tenants.

Trade unions are offering the Art Deco Imperial Hotel in the centre of Prague for sale, for which they are asking at least CZK 2,15 billion (€86,6 million), HN.cz reports. Offers are accepted until 15th April 2024.

The latest report from Savills indicates that the highest demand for electric vehicle charging points is observed in Germany, France, Sweden, Norway, and the United Kingdom. Poland ranks in the top twenty countries with the highest growth potential for the development of EV charging infrastructure, presenting opportunities for commercial property owners and investors active in this market.

Although employment in the shared services sector is growing by the year, this has not led to stronger demand for office space. However, SSC/BPO/R&D centres remain key office tenants in Kraków and Wrocław. Warsaw also continues to feature on corporates’ radars, says Newmark Poland.

Avestus Real Estate has signed a loan agreement to refinance the Imagine office complex in Łódź. The loan for a total of €23.9 million was provided by mBank S.A.

GLP announced the development of a new warehouse facility in Gliwice known as GLP Gliwice II. The two buildings collectively will incorporate approximately 57,000 sqm of warehouse and production space. This project will be developed in accordance with the BREEAM certification requirements at the “Excellent” level.

The leading Hungarian developer hired a long-time expert to head its residential and office development businesses.

Corwin has announced the completion of its first residential complex in Ljubljana, which is also the company’s first investment in Slovenia. After the completion of 236 apartments, Corwin revealed plans for the development of another 1,600 apartments in the same city in the next decade.

Richard Hogg, Partner at the Cushman & Wakefield, has been appointed to lead its CEE Valuation & Advisory team.