As service charge budgets are set for 2023, occupiers and landlords with vacancy can expect significant operational cost increases across their real estate portfolios. Property Forum talked to Ryan Wray MRICS, Principal at Avison Young Czech Republic to understand what you can do to make savings and get better value from your budget.

Three Czech CPI Property Group (CPIPG) buildings that recently became part of the group portfolio were awarded LEED international environmental certification. Savills carried out the certification of all three buildings and supported the client in all aspects of the process, CPI PG announced.

Architecture and design studio Obermeyer Helika has completed the documentation for a building permit for its latest residential building, Semerínka. The project, which is expected to start building in Prague 5 in 2023, will include not only apartments and garage parking but also a community garden, Obermeyer Helika announced today.

The volume of Czech real estate investment transactions in Q3 2022 reached €149 million, which represents a 61% drop in comparison with Q3 2021. Cumulatively the investment volume totalled €1.4 billion. If we added transfers of single assets and portfolios among related parties, the quarterly volume reached €390 million, almost the same as in the same period last year, says 108 Agency.

CTP and the Faculty of Civil Engineering from the Brno University of Technology have entered a five-year partnership and will jointly work to increase interest in construction subjects and support young talents, the developer announced.

The Management Board of UBM Development Czechia was strengthened this autumn by two new members. As of 1 October, Roman Ehrentraut and Vladimír Pašek are now part of the Management Board along with Josef Wiedermann, the company announced.

The City of Prague plans to improve conditions for real estate developers by lowering the number of mandatory parking places in residential and office buildings. Thanks to a new legal amendment, they will no longer have to build a mandatory garage space for each apartment. The amendment, which will now be open for 45 days for comments, would help real estate investors and developers, as well as those who want to do extensive reconstruction, writes E15.cz.

Czech development company Logport plans to develop key urban infrastructure in Jinočany near Prague. The first project of the company there will be the commercial and industrial complex Logport Prague West which should be completed in one year, the company announced.

The new logistics park Contera Ostrava D1 is being built on an area of 350,000 sqm in Ostrava-Hrušov. The first two completed buildings are already fully leased. The project, which was launched in autumn 2020 at an estimated total cost of over €118 million, is being built on a former brownfield site and includes one of the largest and most modern industrial halls in the Czech Republic, Contera announced.

Skanska Residential is planning to include rental housing in its multi-phase projects in the Czech Republic as an additional product to its standard offer. However, the company mainly wants to focus on building homes in Prague for long-term living. Property Forum talked to Petr Michálek, CEO of Skanska Residential.