ARTICLES LABELLED WITH TAG Crestyl

News Crestyl to build 170 flats in Prague 5
24
Aug
2022

Crestyl to build 170 flats in Prague 5

by Property Forum
Another Prague brownfield will be turned into a residential project. Development group Crestyl will be building on the site of the former Waltrovka in Prague's Radlice district. The plan is to build a total of 170 flats for CZK 1.5 billion (almost €61 million) on the land, which the company bought with a zoning permit from the Red Group at the turn of this year. Preliminary construction work on the Semerínka project should start at the turn of the year and the entire project is scheduled to be completed within three years.
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News Helaba to finance Crestyl’s revitalisation project in Prague
17
Aug
2022

Helaba to finance Crestyl’s revitalisation project in Prague

by Property Forum
Helaba is providing long-term financing for Czech project developer Crestyl for the revitalisation of the well-known NR7 office building in a prime downtown location in Prague.
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News Crestyl wants to change the centre of Brno
27
Jul
2022

Crestyl wants to change the centre of Brno

by Property Forum
Developer Crestyl wants to transform the centre of Brno near the main train station with the Dornych project, connecting the historic centre with the newly planned district. It is to create a freely accessible public space that will include six buildings with apartments, office and retail space and underground garages. The project, with a total investment of CZK 7 billion (€285 million), already has a zoning permit and expects to receive a building permit by mid-2023, the developer announced at a public presentation of the project.
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News Crestyl puts more focus on ESG
25
Jul
2022

Crestyl puts more focus on ESG

by Tumova Vera
As of May 2022, Alena Liškay Králíková is the new ESG Manager of Czech development company Crestyl. According to her, while thinking about ESG in real estate businesses, it is important that buildings are not only serving the company´s ESG goals but also their residents, tenants and the entire neighbourhood too.
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News Czech ministry rejects plans for CZK 10 billion palace renovation
15
Jun
2022

Czech ministry rejects plans for CZK 10 billion palace renovation

by Tumova Vera
There are strange dances around the reconstruction of the baroque Savarin Palace in the centre of Prague. The CZK 10 billion project has been approved by the city's conservationists and city councillors and the first phase of the project is already underway, according to the builders. However, the Ministry of Culture has now rejected the project, saying it would threaten the city's conservation area, the Czech News Agency (ČTK) reports. Therefore, Culture Minister Martin Baxa has a request on his desk from the construction company Crestyl to review the decision of his officials, as company spokesman Ondřej Micka confirmed to Property Forum today.
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News Crestyl sells part of Hagibor resi project in Prague
10
Jun
2022

Crestyl sells part of Hagibor resi project in Prague

by Property Forum
A part of the Prague-based residential project Hagibor, which is being built by Crestyl Group, is now owned by Invesco Real Estate. The acquisition concerns the third phase of the residential part of the project, namely the Delta building, which is already under construction and is to be used for rental housing in the future. The price of the transaction, which was reported by the daily E15, was not published.
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News Crestyl introduces new ESG manager
24
May
2022

Crestyl introduces new ESG manager

by Property Forum
Property development and investment group Crestyl appointed Alena Líškay Králíková as its ESG manager in May. In her newly created position, she will be responsible for developing and overseeing the company's environmental, social responsibility and corporate governance policies and practices.
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News Crestyl Group appoints new CFO
12
Apr
2022

Crestyl Group appoints new CFO

by Property Forum
In mid-March, the property development and investment group Crestyl appointed Marian Rašík as its new CFO (Chief Financial Officer) and member of the Board of Directors. In his role, he will have primary responsibility for the planning, implementation, management and operation of all financial activities across the Crestyl Group. Jozef Ďurík will continue to be Crestyl's CFO in the Czech Republic, the company reports.
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News Crestyl expands resi portfolio by acquisition in Prague 5
07
Mar
2022

Crestyl expands resi portfolio by acquisition in Prague 5

by Property Forum
At the turn of the year, property development and investment company Crestyl bought a residential housing project in Prague Radlice, in the vicinity of Radlická Street, from developer Red Group. The project in Prague 5, which has already been granted planning permission, will include over 150 apartments. The price of the transaction was not disclosed and the investment was made without the involvement of bank financing, Crestyl said.
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News Crestyl expands portfolio by resi scheme in Prague
23
Feb
2022

Crestyl expands portfolio by resi scheme in Prague

by Property Forum
Red Group has sold most of its residential project in Prague 5 to development company Crestyl. It retained only one apartment building out of five buildings. The project should include a total of 200 housing units, ThePrime reports. The value of the acquisition and other plans of the new owner are not yet known. 
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Latest news


New leases

  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.
  • Magwise Medical Centre is a new tenant of the Wola Retro office building in Warsaw owned by Develia. The clinic, which specialises in mental health, has taken nearly 390 square metres of space on the ground floor of the building.
  • Logistics company Fiege will lease approximately 5,000 sqm in the ONE industrial park in Lovosice built by Cromwell Property Group. The transaction was arranged by Matěj Indra, head of the industrial department at 108 Agency Czech Republic.

New appointments

  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.


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