Heimstaden to invest CZK 1.5 billion in Czech portfolio

14
Apr
2021
News - Heimstaden to invest CZK 1.5 billion in Czech portfolio #alternative #Czech Republic #Heimstaden #investment #living #PRS #refurbishment #residential

by Property Forum | Residential

The third-largest provider of rental housing in Europe, Swedish company Heimstaden plans to almost double its investments into the refurbishment and expansion of its Czech portfolio.


Last year CZK 200 million was allocated to insulation, this year almost CZK 350 million will be. This is one of the key ways for Heimstaden to reduce energy consumption and CO2 production. “We are a company that pays a lot of attention to long-term sustainability and environmental protection. We factor it in everything we do. Last year alone we insulated 1,100 apartments, this year it will be more than 1,500,” says Heimstaden CEO Jan Rafaj, adding: “In 2020 we managed to reduce our CO2 emissions by more than 1,750 tons per year, and this year we will reduce them by a total of 2,800 tons.” This corresponds to energy savings in insulated buildings of up to 35%.

One of the most important projects for 2020 is the complete reconstruction of buildings in Kunčičky, a previously neglected location. This year another 3 buildings with 26 apartments will be completed. The total investment in these buildings and the immediate vicinity will reach CZK 370 million and Kunčičky will offer 300 completely renovated apartments over the next 3 to 4 years.

Last year Heimstaden also started adding attics and lofts. In Ostrava-Poruba, 38 new apartments were built. The investment amounted to CZK 56 million. The attics/lofts installation project will continue in 2021.

In 2020, the revitalization of the common areas of the apartment buildings in Šumbark also began. They include a total of 39 entrances. Heimstaden will continue this year with an investment of CZK 31 million crowns. In addition, housing here is being adapted to the needs of seniors. The apartment building on Opletalova Street will be barrier-free, will have non-stop dispatching and security, and it will offer its residents a wide range of services. The investment is planned at CZK 44 million.

Furthermore, Heimstaden will continue major repairs this year. For example, it will spend CZK 76 million on roof reconstruction. Approximately CZK 94 million will be invested in heat, gas and utility connections.




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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