All eyes on the Czech property market

13
Apr
2017
News - All eyes on the Czech property market #conference #Czech Republic #event #Prague #Prague Property Summit #Property Forum #RICS

by Ákos Budai | Report

On 25th April 2017 the first edition of Prague Property Summit, organized by Property Forum in partnership with the Royal Institution of Chartered Surveyors (RICS) will gather leading real estate professionals and top executives from Central and Eastern Europe to analyse the potential of the Czech real estate market from a global perspective. 25 speakers and more than 100 visitors will come together in Prague, creating a unique networking opportunity. 


Real estate and banking professionals, developers based in Central and Eastern Europe, investors interested in the region, bankers, advisors, law firms, agencies and property managers will come to Prague to discuss the latest trends on the Czech and other CEE real estate markets. 
 
It is without doubt an exciting time for the Central European real estate industry as markets continue to perform well amid a world economy characterised by growing uncertainty and unpredictability. As a consequence of Brexit and last year’s election results in the United States, European property markets are facing new challenges, and real estate professionals across CEE are asking questions about the future. This conference brings together leading experts from the real estate sector, senior economists and other industry experts, to explore the most important challenges of the industry and possible strategies for the future.
 
Guests of the conference will get to hear a global institutional investor’s view of what to expect and what strategies to follow. Local and international players will summarise their outlook for 2017 on the investment market, revealing how they expect the recent policy change by the Czech National Bank will impact property investment volumes. Developers will also reveal their expectations for Prague, followed by market insights into the booming sectors of the Czech property market: logistics, hotel and residential.
 
More information can be found by clicking here.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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