Penta Real Estate and Bureš & partners have established a joint venture called Flet, with an aspiration to change the standard for rental housing in the Czech Republic.

Garbe has received a building permit for the second phase of its Garbe Park Brno South project. It is adding two modern buildings, bringing the park’s total area to 111,000 sqm.

Clarion Partners Europe has acquired a 47,000 sqm warehouse in Žatec, Czech Republic, on behalf of one of its commingled funds.  

Denisa Gelatková has been appointed the new Managing Director of Blue Assets CZ & SK, replacing Robert Chmelař, who has decided to pursue a career change. Blue Assets, a member of the international real estate group Panattoni, has been managing over 1.5 million sqm of commercial real estate in the Czech Republic.

The Prague City Council has approved the investment preparation of the Project 5 in the Nové Dvory development area, bringing approximately 480 apartments.

The sale of the Forum Karlín complex in Prague from the portfolio of the Komerční banka real estate fund is being finalised. The fund is already exclusively negotiating the sale of four of its buildings with individual interested parties who have signed exclusivity, reports seznamzpravy.cz.

Prague councillors have approved the change in the city master plan necessary for the construction of a mixed-use skyscraper called Top Tower, to be built by Trigema near the Nové Butovice metro station, reports E15.cz.

Savills has made a key investment appointment by hiring David Sajner, a seasoned professional in commercial investment specialising in transactions and acquisitions, who has successfully executed dozens of deals, with many exceeding €100 million. 

Geosan Development has announced the appointment of Eliška Koderová to the position of Head of Sales and Marketing based on her expertise in project management, work organisation and real estate knowledge.

The Czech investment fund Watt & Build, part of the Axelor group, is entering a new segment in the renewable energy sector. In addition to developing photovoltaic and wind power plants in Spain, the Czech Republic, and other European countries, it is also including the construction of large battery storage facilities in its portfolio.