ARTICLES LABELLED WITH TAG Czech Republic

News CTP Czech Republic appoints new CFO
20
Jul
2022

CTP Czech Republic appoints new CFO

by Property Forum
CTP in the Czech Republic has a new CFO as of July. Ivana Ficzová will be in charge of the strategic management of CTP's finances in the Czech Republic in her new role.
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News Skanska completes superstructure of Prague project
19
Jul
2022

Skanska completes superstructure of Prague project

by Property Forum
Skanska has completed the superstructure of the Port7 project in Prague which will offer more than 35,800 sqm of office and retail space. After 16 months, construction of the building reached the top floor deploying 31,000 cubic metres of concrete and 4,100 tons of steel reinforcement.
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News Finep buys historical palace in Prague’s centre
19
Jul
2022

Finep buys historical palace in Prague’s centre

by Property Forum
The Czech Social Democratic Party (ČSSD) has agreed to sell the Lannův palác in the centre of Prague to the building's main tenant, local real estate developer Finep, for CZK 201 million. The party wants to use the proceeds to pay off its debts, novinky.cz reports.
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News Czech retail market welcomes 15 new brands in Q1 2022
18
Jul
2022

Czech retail market welcomes 15 new brands in Q1 2022

by Property Forum
As many as 15 new brands arrived on the Czech retail market in the first six months of this year. Compared with the first halves of the past few years, this is the highest number since 2018, when multiple newcomers were attracted as a result of an outlet centre opening near Prague’s airport. The number of newly arriving brands in the second half of the year has been traditionally higher than in the first half, mainly as a result of the Christmas season. In effect, the number of newcomers this year can be expected to be similar to last year’s 38.
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News ČMN expands Nemo Fund portfolio with Prague office building
14
Jul
2022

ČMN expands Nemo Fund portfolio with Prague office building

by Property Forum
The real estate fund NEMO, founded by the real estate group Českomoravská Nemovitostní three years ago, enlarged its portfolio to a total value of over CZK 3 billion. The new acquisition is the Corso Karlín office complex in Prague 8, the fund announced today.
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News SIKO to build 650 flats in Prague 3
12
Jul
2022

SIKO to build 650 flats in Prague 3

by Property Forum
The Dům Radost project in Prague 3 in Žižkov, where SIKO Group as the new owner plans six hundred rental apartments, is one step closer to realisation. The Ministry of Culture has stopped a review procedure that could have seriously complicated the project for the owners, writes Seznamzprávy.cz.
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News Julius Meinl opens new building in Prague
12
Jul
2022

Julius Meinl opens new building in Prague

by Property Forum
The Julius Meinl family has opened a new hospitality project in Prague with 168 accommodation units. Designed by architecture and design firm Matteo Thun & Partners, The Julius Prague has been created to cater for both short and long-term stays. Spacious communal areas, relaxing lounges and professional co-working spaces enable guests to network, meet like-minded people or unplug.
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News Czech Republic leads EU housing price growth in Q1 2022
12
Jul
2022

Czech Republic leads EU housing price growth in Q1 2022

by Property Forum
Residential property in the EU is getting more expensive again. Prices rose by 10.5% year-on-year in Q1. In the Czech Republic, the increase was the highest, at 24.7%, according to data published by Eurostat, the Czech News Agency reported.
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News New large resi project rises by new metro in Prague
11
Jul
2022

New large resi project rises by new metro in Prague

by Property Forum
Massive construction worth billions of crowns is being prepared around the route of the new D metro line, which is currently under construction in Prague. The company Reflecta Development will build buildings with apartments and offices on lucrative land near the Thomayer Hospital for restituents, reports the daily E15.cz.
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News Peakside closes a value-add  CEE venture with 20% IRR
07
Jul
2022

Peakside closes a value-add CEE venture with 20% IRR

by Property Forum
Peakside Capital Advisors has completed the disposal of the 240,000 sqm portfolio of a CEE value-add real estate investment venture. Sales proceeds totalled over €160 million, generating an IRR of 20% and an equity multiple of over 1.7x for Peakside investors.
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Latest news


New leases

  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.
  • Building E belonging to the Nowy Rynek complex developed by Skanska in Poznań, although still under construction, is already attracting its future tenants. The international company Wunderman Thompson Technology will open its office here on approximately 2,000 sqm.

New appointments

  • 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.
  • P3 Logistic Parks strengthens its team in Poland. Having worked as Deputy Head of Leasing since 2019, Iwona Sadowska has now been promoted to the position of Head of Leasing.


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