ARTICLES LABELLED WITH TAG Czech Republic

News New facility at CTPark Karviná ahead of schedule
24
Nov
2016

New facility at CTPark Karviná ahead of schedule

by Ákos Budai
CTP is nearing completion of phase I of a new 25,000 sqm production facility which is being constructed for a new client, UK-based Stow, one of the leading suppliers of added-value warehouse racking and storage systems. The company's core activity is the development and manufacturing of racking systems for the storage of palletised or small goods and longer items, as well as mezzanine structures. 
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News HB Reavis opens shopping centre in the Czech Republic
17
Nov
2016

HB Reavis opens shopping centre in the Czech Republic

by Ákos Budai
HB Reavis has officially opened the Czech Republic’s first Aupark in Hradec Kralove. The 21,000 sqm shopping centre brings 120 stores, new international brands, a large food court and various service and entertainment units to the city.
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News Penta Investments sells in Prague to Chinese investors
11
Nov
2016

Penta Investments sells in Prague to Chinese investors

by Ákos Budai
Penta Investments has sold its Florentinum office building, the company’s first development completed in the Czech Republic, to Chinese investment group CEFC. Florentinum, a LEED Platinum certified property opened in 2014 and is home to 70 long-term tenants, many of them blue chip companies such as EY, HSBC Bank, Bank of China, Havel Holásek & Partners Law Firm and RSJ Investment Group. The value of the transaction has not been disclosed. 
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News CTP reduces portfolio’s energy consumption
11
Nov
2016

CTP reduces portfolio’s energy consumption

by Ákos Budai
In order to be sustainable and environmental friendly, CTP targeted a 5 % energy consumption reduction within the CTPark portfolio in 2016. A total area of 250 000 sqm will be retrofitted until the end of the year. 
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News Investors love Central European real estate
11
Nov
2016

Investors love Central European real estate

by Ákos Budai
According to Cushman & Wakefield, commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania reached €6.05 billion in the first three quarters of 2016, a 37% increase y-o-y, albeit with reduced activity during the third quarter. Investment in the CE region slipped back following a strong second quarter. The volume of assets traded totalled €1.4bn in Q3 2016, down over 20% a year ago and half Q2 volumes.
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News Colliers International launches new service in the Czech Republic
03
Nov
2016

Colliers International launches new service in the Czech Republic

by Ákos Budai
Colliers International has launched its Workplace Solutions consultancy in the Czech Republic after having been met with success on other global markets for over 10 years.
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News No room for new entrants on the Czech retail market
21
Oct
2016

No room for new entrants on the Czech retail market

by Ákos Budai
Only two shopping centres will be completed in 2016 in the Czech Republic due to the slow-down of construction activity in response to the perceived market saturation. Colliers International has released its Q3 retail market report for the Czech Republic, which also states that there are signs of new entrant demand which do not match suitable space availability. 
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News Prague residential market reaches new highs
20
Oct
2016

Prague residential market reaches new highs

by Ákos Budai
In H1 2016, a total of 3,350 apartments in 47 new residential schemes were completed in Prague. For the second half of the year, another 3,200 units are estimated to be completed in the Czech capital. In total, JLL expects 6,500 units to be completed in Prague, which is the highest figure since the real estate crisis in 2009. 
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News CA Immo sells Prague shopping centre
18
Oct
2016

CA Immo sells Prague shopping centre

by Ákos Budai
CA Immo has concluded an agreement with WOOD & Company to sell the Šestka Shopping Center in Prague, continuing its strategic withdrawal from segments that do not belong to the core business. The centre covers more than 27,300 sqm of retail space and had been part of the asset portfolio of CA Immo since 2011. The buyer is a fund of WOOD & Company, the leading investment bank in Emerging Europe. The transaction, which is subject to the standard conditions precedent, is expected to be closed within the next weeks. It was agreed not to disclose the purchase price. Law firm Clifford Chance Prague advised the seller on the disposal.
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News Sony DADC expands at Prologis Park Pilsen-Štěnovice
17
Oct
2016

Sony DADC expands at Prologis Park Pilsen-Štěnovice

by Ákos Budai
Prologis has signed two lease agreements with Sony DADC, a disc and digital solution provider for the entertainment, education and information industries, totalling 20,450 square metres at Prologis Park Pilsen-Štěnovice.
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Latest news


New leases

  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.
  • Low-cost airline flydubai has opened a new office Bucharest-based Eminescu Offices, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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