In the second half of last year, gross take-up decreased in the two largest regional office markets of the Czech Republic. The Regional Research forum announced the Brno and Ostrava office market figures for H2 2018. 

Cromwell Property Group has completed the sale of the Pohořelice Industrial Park to an undisclosed buyer for an undisclosed sum. The 44,444 sqm complex, which is situated about 27 km south of Brno, comprises a logistics building, a fully-refurbished cross-dock building and a workshop together with an assembly unit. The asset formed part of the Cromwell European Industrial Fund (CEIF) portfolio.

CTP completed the first three buildings in its brownfield redevelopment project Vlněna, located in central Brno. FGH, a complex of three buildings offering some 18,000 sqm, is already largely leased.

Prologis announced that demand for space at its new Prologis Park Brno has prompted the construction of a second speculative facility at the Czech site.

CPI Property Group unveiled its new plans and projects at MAPIC. The Group plans to refurbish the Campona shopping centre in Budapest, extend Královo Pole in Brno and Olympia in Pilsen and remodel the food court in the Ogrody shopping centre in Elblag, Poland.

In H1 2018, gross take-up on the office markets of Brno and Ostrava reached 45,600 sqm and 18,900 sqm, respectively, representing a significant yearly increase in both cities.The Regional Research Forum announced the Brno and Ostrava office market figures for H1 2018.

Prologis announced the launch of construction of Prologis Park Brno, a new logistics park in the Czech Republic, with the first speculative development of 27,860 square metres. The building is scheduled to be completed in the third quarter of 2018.

Immofinanz has sold the Brno Business Park office buildings via a share deal to Infond investment fund. The transaction was closed on March 9, 2018. bpv Braun Partners advised Immofinanz on the sale. Infond has been advised by Hladky Legal, Knight Frank and Redbaenk.

Czech start-up Opifer, which has so far invested in biotechnology and IT start-ups, has acquired the Futurum shopping centre in Brno from Atrium European Real Estate, e15.cz reports.

Cushman & Wakefield is further expanding its presence in the Czech Republic. It will open a new regional office in the Trinity Office Center in the centre of Brno. Its focus will be on regional office market, but will offer to its clients consulting services from other real estate sectors as well. Lukáš Netolický will be leading the office and at the same time becomes the Head of Regional Cities CZ. The new office will open in March 2018. Cushman & Wakefield is therefore responding to the steadily growing trend of regional market development fuelled by the economic growth. Brno is the most active city in terms of demand, followed by Ostrava.