Shopping centre in Prague faces troubles shortly after opening

08
Oct
2024
News - Shopping centre in Prague faces troubles shortly after opening #Amadeus Real Estate #Czech Republic #Prague #retail

by Property Forum | Retail

The owner of the Máj shopping centre on Národní Street in Prague, Amadeus Real Estate (ARE), closed the children's playground on the building's roof in August due to missing permission and is now also closing the indoor playground named Lvíčkov (Little Lion Land), reports E15.cz.


"The effort to revive the centre of Prague with activities for families with children, for which there was a public demand, turned out to be more difficult to achieve in reality," the operator explained on the social network. The Máj department store in Prague opened to the public on June 24, 2024, after roughly two years of renovation. SC Máj offers shops, entertainment centres, and a rooftop terrace on nine floors. During the reconstruction, the owner focused more on entertainment and attractions for various age groups. Now it proved as a step aside.

In mid-August, the owner of the recently renovated Máj department store in Prague had to remove a completely new outdoor children's playground from the building's roof, which was built there without a permit. Following the original building permit, an approved area for parking will be created on the roof instead. 

Even before the opening, two giant moving butterflies with a body imitating a spitfire fighter by the artist David Černý, which the owners had installed on the facade of the building, caused controversy. After the opening, the interiors of the entertainment centres on the upper floors of the department store received criticism from some architects and parts of the public.




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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