The Plzeň-based development group BC Real has started construction of 1,500 flats on a brownfield site in the former paper mill near the Radbuza River in Plzeň. It is the largest private residential project since 1989, the ČTK reported.

Industrial and logistics developer Logicor has completed the development of another 23,000 sqm in the Bucharest I Logistics Park in Mogoşoaia, in northern Bucharest. 

Focus Estate Fund has closed the transaction on the acquisition of the Atrium Mosty shopping centre in Płock (Poland). The total area of the centre (GLA) is 18,000 sqm. The price has not been disclosed.

The first tenant has already moved into the downtown office building recently modernised by Defactoring Zrt. Located in District 9, the office building has been equipped with solar panels and smart devices.

The industrial area of the former Aritma industrial building in Prague's Vokovice will be replaced by a residential district with park areas. After several years of negotiations, the Prague 6 municipal district, representatives of the local residents and the investor, Crestyl, have agreed on this. In addition to the construction of new villas and family houses, the agreement includes extensive compensation for local residents, announced Jakub Stárek, the mayor of the district.

The method of storing pharmaceutical products, the appropriate division of warehouse zones, and securing the supply chain - are just a few of the key elements that should be taken into account when preparing warehouse space for a pharmaceutical company. Cushman & Wakefield experts, having the opportunity to support a leading player in such a process, advise how to properly meet the challenge.

Angelika Cieślowska, President of the Management Board of KB DORACO, one of the largest Polish construction companies, talked to Property Forum about the impact of the war in Ukraine on the construction industry, high prices of energy and raw materials and the possible scenarios of market development.

Even though the increase in the amount of new office space in Prague in Q3 2022 was the lowest so far this year and no new construction even began, according to Colliers, there is no need to worry about a lack of offices. In the coming months, developers plan to start speculative construction of approximately 126,600 sqm in new space. Despite original assumptions, the office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and has reached 8.1%. Gross realised demand for 137,700 sqm was the highest level so far in 2022, reported Colliers in their regular quarterly market survey.

The investment groups Progresus and Halcyon have entered a strategic collaboration with the German firm GARBE Industrial Real Estate CEE. The first joint project will be the construction of an industrial hall in the Czech town of Klášterec nad Ohří covering 20,815 square metres of floorspace and valued at approximately €30 million.

The Czech Republic is among the top ten manufacturing destinations worldwide and has the third lowest risk profile. In a ranking of countries with the best conditions for the manufacturing sector, Czechia stands in eighth place and remains at the top of the list of countries whose manufacturing sector is thriving. Cushman & Wakefield reports.