ARTICLES LABELLED WITH TAG Czech Republic

News Prague’s industrial vacancy rate falls to all-time low of 0.55 %
13
May
2021

Prague’s industrial vacancy rate falls to all-time low of 0.55 %

by Property Forum
The first quarter of 2021 saw record low vacancies in the greater Prague region, affirming consistent high interest in industrial premises in premium locations. High demand is pushing lease prices upwards, with lease prices having grown by 25 % per sqm year-on-year within the Prague cadastral district, for example. The Czech industrial real estate market is being impeded by drawn-out approval processes and a lack of new options in areas with the greatest demand.
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News VGP launches construction of new hall in Pilsen
12
May
2021

VGP launches construction of new hall in Pilsen

by Property Forum
VGP has launched construction of the fifth hall in its logistic park VGP Park Pilsen, located in an industrial part of the city’s Bručná quarter. The park is adjacent to the E49 and has access to the D5 motorway. On a land of about 10 hectares, VGP offers nearly 50,000 sqm of lettable area suitable for light manufacturing, logistics and accompanying commercial activities. Tenants of the new warehouse will be DHL Express, leasing 1,113 sqm, as well as Verhoek Europe with 2,170 sqm of logistics space.
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News Residential developer JRD enters Prague’s office market
12
May
2021

Residential developer JRD enters Prague’s office market

by Property Forum
Local residential developer JRD is entering the commercial segment. The company plans to build its first office project, Viadukt Anděl in Prague 5.
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News Tchibo’s to be the second biggest warehouse in the Czech Republic
06
May
2021

Tchibo’s to be the second biggest warehouse in the Czech Republic

by Property Forum
Colliers Czech Republic secured the expansion of the Tchibo distribution centre in the Panattoni Park Cheb industrial zone, which was agreed upon by the developer Panattoni and Tchibo in the first quarter of 2021. The warehouse thus ranked second behind the Amazon distribution centre at Panattoni Park Prague Airport near Dobroviz in Central Bohemia. The modern hall is financed and the Cheb industrial zone is owned by Accolade.
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News P3 prepares 64,000 sqm industrial park near Pilsen
06
May
2021

P3 prepares 64,000 sqm industrial park near Pilsen

by Property Forum
Industrial developer P3 is preparing the construction of a modern industrial park in Myslinka, located about 15 km from the centre of Pilsen, which will offer 64,000 sqm of space to potential tenants. Construction of the first buildings is expected to be completed in the second quarter of this year. A total of five buildings will provide units ranging from 3,000 sqm to 30,000 sqm.
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News Tétris appoints new CEO for Prague branch
06
May
2021

Tétris appoints new CEO for Prague branch

by Property Forum
Tétris, a designer and implementer of office and retail space, that belongs to the portfolio of real estate consulting company JLL, has a new CEO of its Prague branch. Lucie Loudová, who was hired as the company's business development director in 2019, is now taking over the directors’ position as well.
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News Poland and Czech Republic remain the most liquid markets in CEE
05
May
2021

Poland and Czech Republic remain the most liquid markets in CEE

by Property Forum
Cushman & Wakefield has summarised the first quarter of 2021 in the CEE commercial real estate market. Investment volume at the end of the first quarter stands at €2 billion, down by around 20% compared to the same period in 2020.
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News Panattoni builds brownfield project near Karlovy Vary
04
May
2021

Panattoni builds brownfield project near Karlovy Vary

by Property Forum
Amphenol, a major producer of electronic and fibre optic connectors, cable and interconnect systems, is relocating its production plant within Ostrov in the Karlovy Vary Region. Panattoni Park Ostrov North was created by revitalizing the devastated site after the Škoda Pilsen trolleybus production plant, one of the largest brownfields in the Czech Republic.
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News Ikea extends lease at Segro Logistics Park Prague
03
May
2021

Ikea extends lease at Segro Logistics Park Prague

by Property Forum
Ikea extended its lease contract at Segro Logistics Park Prague in the vicinity of the Václav Havel Airport. It will continue leasing the warehouse space totalling almost 12,500 sqm in the building it uses as a goods pick-up warehouse for its customers. The lease transaction was assisted by Cushman & Wakefield.
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News Czech year-on-year investment volume falls by only 8%
30
Apr
2021

Czech year-on-year investment volume falls by only 8%

by Property Forum
A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills’ latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y.
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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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