Due to COVID restrictions, hotel occupancy in Prague dropped down into the last positions among 35 metropolises in Europe. Nevertheless, for hotel operators, Prague is still the most attractive city in the CEE region. According to top market players, the sector should recover by 2024, says the latest Cushman & Wakefield report.
The retail, industrial and logistics sectors have been affected by the recent price increase of crucial construction commodities mostly steel, plastic and wood, according to a report by 108 Agency.
CBRE Czech Republic has taken over the property management of the Novo Plaza shopping centre in Prague, starting 1 January 2021. The property offers 27,500 sqm of space, comprising a retail centre with a GLA of 21,500 sqm including retail, office, storage and support areas and a hypermarket with a GLA of 6,000 sqm, anchored by Tesco. The shopping centre has 710 underground and 140 surface-level parking spaces.
Chairry, a company specializing in fit-out - complete interior design solutions, has leased 240 sqm in UpGround complex in northern Bucharest. The project is owned by Globalworth.
French B2B and B2C specialist Armatis has leased 1,800 sqm in the Wave office building in Gdańsk’s Oliva district, which was developed and is owned by Skanska. Cushman & Wakefield advised the company for the lease agreement.
Flex office provider New Work is opening a new location in Prague, at Smichov Business Park.
New appointments
Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
Bryan Wilson has left Wilsons as Partner and is now Head Of CEE at DUAL Asset, a London-based comprehensive title insurance solution provider.
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