Arcadis is changing the ownership and as of April is owned by its current management in the Czech Republic. The new name of the company is now Grinity, the company announced.

Inspired by its parent company, UBM Development Czechia wants to use more ecological elements in its future construction in the Czech Republic and thus strengthen the trend of sustainable construction. One of them is eco-friendly wooden structures, the company announced today.  

Adventum Group, the CEE focused real estate investment manager, has signed contracts to acquire 18 retail park assets in the Czech Republic and Hungary anchored by Tesco in a €280 million transaction. The app. 360,000 sqm portfolio will be a significant addition to its growing portfolio of assets across the core CEE countries including Poland, the Czech Republic and Hungary. A banking consortium of OTP Bank Plc. and Erste Group (Erste Group Bank AG and Erste Bank Hungary Zrt.) has entered into a new €150 million acquisition facility to finance the acquisition of the portfolio. The acquisition facility was arranged by OTP Bank and Erste Bank.

The Getberg development company is now starting to build a new residential project Forest Views in Dařbož near Prague. Another project is in the pipeline in Dubí and two projects near the capital - in Strančice u Říčany and Unhošt' - are currently being completed, Getberg announced.

In mid-March, the property development and investment group Crestyl appointed Marian Rašík as its new CFO (Chief Financial Officer) and member of the Board of Directors. In his role, he will have primary responsibility for the planning, implementation, management and operation of all financial activities across the Crestyl Group. Jozef Ďurík will continue to be Crestyl's CFO in the Czech Republic, the company reports.

The Czech branch of Colliers launched a new generation of search engines for vacant office, industrial and retail space in the Czech Republic, the company announced.

Once again, in Q4 2021, the Czech Republic registered the strongest house price growth within the EU, both in a year-on-year (25.8%) and a quarter-on-quarter (5.7%) comparison, well above the EU averages of 10% and 2.1%, respectively, according to Eurostat’s house price index.

CPI Property Group plans to offer over two thousand new apartments on the Prague residential market this year. The developer wants to start the construction in three locations - Vysočany, Žižkov and Zahradní Městě, local daily E15 reports.

Europe’s fundamental mismatch between voracious housing demand and the limited supply is driving massive investment growth in the residential sector and will continue to generate opportunities even amid geopolitical and economic uncertainties, according to a new report by Colliers.

The Andaz Prague hotel, which was developed by UBM Development, has officially opened. It took the real estate development company two-and-a-half years to transform the neo-classical landmarked Sugar Palace into an Andaz-brand lifestyle luxury hotel.