ARTICLES LABELLED WITH TAG Czech Republic

News Vacancy rate decreases on CE industrial market
19
Jul
2016

Vacancy rate decreases on CE industrial market

by Ákos Budai
Cushman & Wakefield has published its new CE industrial map to give a comprehensive overview of the most important logistics and industrial sites in Central Europe, Russia and Germany. In addition, this year’s edition has been expanded with figures for Italy’s Milan.
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News Czech investment market closes strong quarters
14
Jul
2016

Czech investment market closes strong quarters

by Ákos Budai
“Total commercial real estate investment in the Czech Republic recorded €490m in Q2 2016 contributing to an H1 2016 total of €950 million, a 26% reduction on the same period of last year. However, it should be noted that the considerable difference is due to the Palladium shopping centre transaction in H1 2015. When excluded, H1 2016 was 34% up on H1 2015,” says Jiri Horak, investment analyst at JLL.     
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News What's next for the Czech and Slovak markets?
13
Jul
2016

What's next for the Czech and Slovak markets?

by Ákos Budai
Central European commercial property markets are expected to attract even more investors than last year and the competition among countries is fiercer than ever. What does it take to change lost lasting perceptions and secure interest from international buyers? Andy Thompson MRICS, Director of Investment Services at Colliers International talked to us in Bratislava about recent developments on the Czech and Slovakian markets.
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News Prologis to deliver new BTS building in Prague
29
Jun
2016

Prologis to deliver new BTS building in Prague

by Ákos Budai
Prologis has announced that it will deliver a 34,200 square metre build-to-suit distribution facility at Prologis Park Prague-Rudná for Sportisimo, a Czech sporting goods retailer.
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News HB Reavis and HB Reavis CE REIF sell large logistics portfolio
22
Jun
2016

HB Reavis and HB Reavis CE REIF sell large logistics portfolio

by Ákos Budai
HB Reavis Group and HB Reavis CE REIF fund have jointly sold for €79 million a 132,000 sqm portfolio of logistics centres in the Czech Republic and Slovakia to Macquarie Infrastructure and Real Assets, part of the Macquarie Group, one of the largest global investment banking and diversified financial services groups in the world. The fully-occupied portfolio consists of 2 assets owned by HB Reavis Group and 2 assets held by HBR CE REIF.
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News What are investors looking for in SEE?
09
Jun
2016

What are investors looking for in SEE?

by Ákos Budai
In 2016 commercial real estate investment activity seems to be picking up again in Southeastern Europe after a slightly weaker 2015. Although financing conditions are continuing to improve a lack of high quality product and liquidity still presents a big challenge for all countries of the region. We report from Bucharest where Portfolio Conferences and RICS have organised SEE Property Forum for the second time.
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News Colliers reports strong investment appetite in the Czech Republic
06
Jun
2016

Colliers reports strong investment appetite in the Czech Republic

by Ákos Budai
The first quarter of 2016 in the Czech Republic was characterized by a lack of logistics and industrial space, demand for office space and high volume of investment into real estate. Colliers International released its latest report summarizing trends on the investment, office and industrial markets.
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News Hungary continues to be the most confident CEE market
25
May
2016

Hungary continues to be the most confident CEE market

by Ákos Budai
According to the latest RICS Commercial Property Monitor, occupier and investment sentiment continues to be broadly positive in Central and Eastern Europe for Q1 2016. Sentiment in both the Occupier and Investment markets registered a positive value across Bulgaria, the Czech Republic, Hungary and Romania. At the same time RICS has published its Croatia Commercial Property Monitor for the first time.
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News Czech industiral market shows record-low vacancy
19
May
2016

Czech industiral market shows record-low vacancy

by Ákos Budai
According to JLL, at the end of Q1 2016, the total modern A-class industrial stock in the Czech Republic (owned by developers and investors) stood at 5.78 million sqm. In the first three months, new supply reached 84,300 sqm, increasing by 112% y-o-y (Q1 2015 vs. Q1 2016). With another 271,200 sqm currently under construction, the 6 million sqm mark of total stock is expected to be passed in the second half of this year. The share of speculative construction increased, nearly half of the industrial premises currently under construction (44 %) being developed on a speculative basis. Developers reflect the lowest vacancy rate in the last decade, strong demand from the potential tenants and a generally positive economic outlook for the Czech Republic. 
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News Investors still seem to favour Poland within CEE
17
May
2016

Investors still seem to favour Poland within CEE

by Ákos Budai
According to Cushman & Wakefield, strong investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the first quarter of 2016, with EUR 1.4 billion invested. The slight decrease in transaction volume of 5% compared to the corresponding period of 2015 was smaller than the 14% fall recorded for Europe overall. Q1 activity was also above the long-run average of EUR 1.2 billion since 2007.
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Latest news


New leases

  • Online documentation and efficiency solutions company Craft Docs secured a 1,000 sqm of office space in the renewed Krausz Palace office complex in downtown Budapest. The company will move in August 2023. The startup has become the first tenant of the building, Jake Lodge, principal of Avision Young Hungary responsible for the leasing and operative management of the building said.
  • A new tenant has moved into the Eximius Park office complex near Kraków. GoE Wellness is a British healthy lifestyle start-up that is expanding its operations in Europe. The company's new office has an area of approximately 900 sqm and is located in building 200.
  • Galeria Jurajska is strengthening its offer. Three new tenants - fashion brands Quiosque and Lovisa and patisserie Lody Czewskie - will soon appear in the Częstochowa shopping centre.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.


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