ARTICLES LABELLED WITH TAG Czech Republic

News KGAL buys Charles Square Center in Prague
24
Feb
2022

KGAL buys Charles Square Center in Prague

by Property Forum
KGAL has acquired Charles Square Center, a multi-tenant office property in downtown Prague, from Commerz Real, the company announced today.
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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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News Lidl to open store on Prague's high street
23
Feb
2022

Lidl to open store on Prague's high street

by Property Forum
Lidl, the discount grocery chain, plans a store on Prague's Na Příkopě street. It will use the premises of a historic building, the former headquarters of the Czechoslovak Commercial Bank. The grocery store will be located next to the Hamleys toy store. Lidl expects to open a new store in the middle of the year, the Czech News Agency (ČTK) reports. Na Příkopě Street ranks around 20th in Cushman & Wakefield's ranking of the world's most expensive streets.  
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News YIT partners with RSJ for Prague residential project
21
Feb
2022

YIT partners with RSJ for Prague residential project

by Property Forum
For the first time in the history of its operations in the Czech Republic, developer YIT has entered into a partnership to finance its project. Local investment group RSJ will participate in the implementation of the residential complex Vesi Hostivař in Prague.
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News ESG: To future proof an asset, you have to take action today
21
Feb
2022

ESG: To future proof an asset, you have to take action today

by Ákos Budai
There is a belief that ESG costs money but in fact, the opposite can be true, says Stefan de Goeij, Head of Property Management at Avison Young in the Czech Republic. He talked to Property Forum about compliance, commitment and tackling all the components of ESG in the real estate industry.
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News Heimstaden to invest CZK 2.5 billion in Czech assets
18
Feb
2022

Heimstaden to invest CZK 2.5 billion in Czech assets

by Property Forum
Heimstaden continues to invest in its portfolio in the Czech Republic. This year it will spend almost two and a half billion crowns on thermal insulation, new projects and repairs, the company announced.
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News Central Group to build new residential district in Prague 3
17
Feb
2022

Central Group to build new residential district in Prague 3

by Property Forum
The largest new residential district in the Czech Republic, which will be built on a brownfield site, is starting construction in Prague 3 in Žižkov. It could house up to over 5,000 people. The planned investment is estimated at CZK 20 billion. According to the plans of the developer Central Group, the first inhabitants could move in as early as 2024. The entire Park District should be completed within ten years, the developer plans.
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News Czech investment volume falls for second consecutive year
17
Feb
2022

Czech investment volume falls for second consecutive year

by Property Forum
Colliers published a survey of the Czech commercial real estate investment market for Q4 2021. It shows that the volume of investments fell for the second year in a row in 2021, although sales were 8 percent higher year-on-year in the last quarter. The largest investment in Q4 was the sale of the Generali headquarters in Prague with an area of 36,000 sqm.
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News Mint Investments buys 35,000 sqm office park in Prague
16
Feb
2022

Mint Investments buys 35,000 sqm office park in Prague

by Property Forum
A fund managed by the Real Estate Group of Ares Management Corporation and local partner Portland Trust have sold the Coral Office Park in Prague to Mint Investments. Four independent office buildings totalling almost 35,300 sqm in Prague 5 were sold for an undisclosed price.
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News CPI Property Group expects FFO of €250 million for 2021
16
Feb
2022

CPI Property Group expects FFO of €250 million for 2021

by Property Forum
CPI Property Group has published unaudited profit and credit estimates for the financial year ended 31 December 2021. While publication of the audited annual financial report is scheduled for 31 March 2022, the company is proceeding with this unaudited disclosure so that investors and stakeholders are updated about the Group’s performance.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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