ARTICLES LABELLED WITH TAG Czech Republic

News REICO plans to enter Poland and Hungary
08
Mar
2017

REICO plans to enter Poland and Hungary

by Ákos Budai
ČS Real Estate fund, the largest and oldest Czech open-ended property fund, managed by REICO, has announced its intention to expand its acquisition programme to Poland and Hungary. 
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News Brno office prices to be pushed up by slow development
02
Mar
2017

Brno office prices to be pushed up by slow development

by Ákos Budai
2017 will deliver only 17,000 sqm of new space to the Brno office market. When considering the size of the market, together with Budapest, this is the lowest increment of new offices in Central and Eastern Europe – 3.3%. A lack of new office space may cause rental prices to increase. These figures are based on an analysis made by Cushman & Wakefield, which compares the office markets across 12 cities in Central Europe.
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News Colliers appoints new Managing Director for CEE
28
Feb
2017

Colliers appoints new Managing Director for CEE

by Ákos Budai
Colliers International announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).
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News Savills appoints Head of Czech Republic & Slovakia
27
Feb
2017

Savills appoints Head of Czech Republic & Slovakia

by Ákos Budai
Savills has appointed Ben Maudling to head up its Czech Republic and Slovakia operations, in order to support the company’s continued expansion across Central Eastern Europe (CEE). 
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News P3 completes two buildings at P3 Prague D11
27
Feb
2017

P3 completes two buildings at P3 Prague D11

by Ákos Budai
P3 has completed the first two warehouses at P3 Prague D11, developed partly on a Build-to-Suit basis for Exiteria and FM Logistic, comprising a total of 60,000 sqm. The warehouses are among the largest buildings planned for the park and account for over a third of its total size.  The rest of the site can accommodate eight further warehouses ranging from 3,000 sqm to 26,000 sqm. After completion, P3 Prague D11 will provide a total of 155,000 sqm.
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News Warimpex sells 8 CEE hotels to Thai investor
24
Feb
2017

Warimpex sells 8 CEE hotels to Thai investor

by Ákos Budai
Warimpex announced the partial sale of its hotel portfolio to Thai investor U City Public Company Limited (U City). The transaction includes eight hotel participations – two of which are partially (50 per cent) owned by UBM Development AG (UBM) – which comprise approximately 50 percent of Warimpex's total real estate assets and which have a property value of approximately €180 million (excluding the stakes of UBM in that portfolio). 
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News CEE industrial markets follow Germany’s footsteps
21
Feb
2017

CEE industrial markets follow Germany’s footsteps

by Ákos Budai
The amount of industrial space leased in key Central and Eastern European markets in 2016 was the largest ever recorded, totalling 5.7 million sqm. This represents a 25% increase over the preceding two years when about 4.5 million sqm was leased. The strong take-up among tenants was linked with an extensive new development at 2.2 million sqm. The findings are based on the research conducted by Cushman & Wakefield, which has been monitoring the industrial property market in the Czech Republic, Poland, Hungary, Romania and Slovakia over an extended period.
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News Skanska to start new Prague development
17
Feb
2017

Skanska to start new Prague development

by Ákos Budai
Skanska Property Czech Republic is expanding its portfolio by completing the acquisition of a plot with a former car repair shop from M2 Real Estate Group, located in the Karlín area of Prague. Skanska plans to build a modern office building called Praga Studios on the property.
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News Peakside Capital buys Prague office building
17
Feb
2017

Peakside Capital buys Prague office building

by Ákos Budai
Peakside Capital has completed the acquisition of Argo Alpha, a Prague office building comprising 12,600 sqm of GLA. The transaction price has not been disclosed. 
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News Czech Republic and Hungary outperform rest of CEE
16
Feb
2017

Czech Republic and Hungary outperform rest of CEE

by Ákos Budai
Occupier and investment sentiment continues to be positive across Central and Eastern Europe according to the RICS Commercial Property Monitor for Q4 2016. Hungary and the Czech Republic remain the most upbeat markets, with Bulgaria and Croatia also gaining momentum. In Romania the pace of growth seems to be slowing down, although sentiment and projections continue to be broadly positive.
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Latest news


New leases

  • Scan Global Logistics, a global logistics and freight forwarding company has secured 13,000 sqm of industrial space in CTPark Budapest East Ull2 near Üllő, a suburban city of Budapest. The long-term lease was signed late last year.
  • Four new tenants have secured space in Liberty, a mixed-use building in Budapest, developed by Wing. Coop, FedEx, Praktiker and 3 Print have concluded lease agreements for more than 3,500 sqm of office space.
  • Tech company Blankfactor will open an office on the 35th floor of RPHI’s SkyTower Bucharest building. The lease deal was brokered by CBRE.

New appointments

  • Anna Bartoszewicz-Wnuk joins the Velis Real Estate Tech team as Head of Central & Eastern Europe and will be responsible for the company's development in the CEE markets.
  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.
  • Meta Estate Trust has named Adela Antone as Investment Director. She has around 20 years’ worth of experience in the banking and real estate sectors.

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