ARTICLES LABELLED WITH TAG Czech Republic

News Crestyl completes construction of Prague office building
30
Jul
2020

Crestyl completes construction of Prague office building

by Property Forum
Local developer Crestyl Group has completed the fourth office building in its Dock district development project, located in Prague’s Palmovka area.
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News Demand remains strong for Czech industrial property
30
Jul
2020

Demand remains strong for Czech industrial property

by Property Forum
During Q2 2020, gross take-up, which includes renegotiations, reached 360,500 sqm showing a slight increase of 13% compared to Q1 2020 figures. In comparison to the same period of the previous year, gross take-up decreased by 14%. The Industrial Research Forum published its Q2 2020 figures for the industrial market in the Czech Republic.
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News KGAL appoints new manager of Prague office complex
23
Jul
2020

KGAL appoints new manager of Prague office complex

by Property Forum
From July 2020, KGAL Investment Management Group GmbH, based in Germany, has appointed Savills as local asset manager for DRN, an office complex on Národní St., Prague 1.
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News CTP secures new tenant in Prague park
16
Jul
2020

CTP secures new tenant in Prague park

by Property Forum
XLMX obchodní s.r.o. has leased 16,000 sqm of warehouse space in ctPark Prague East in Nupaky with a view to setting up a regional warehouse for XXXLutz.
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News Skanska to build CEE’s first climate-neutral office project
16
Jul
2020

Skanska to build CEE’s first climate-neutral office project

by Property Forum
Skanska plans to build the first climate-neutral office building in the CEE region. The developer is going to use a solution based on structural timber, as wood is a natural resource that will help reduce the carbon footprint. Construction works on the office building located on Radlická Street in Prague are planned to begin in 2023. Skanska has made a global commitment through a climate target of net-zero carbon emissions by 2045, with a 50% reduction by 2030.
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News Czech Republic ranks as Europe’s best manufacturing destination
02
Jul
2020

Czech Republic ranks as Europe’s best manufacturing destination

by Property Forum
The Czech Republic came within the top ten countries around the world again this year in Cushman & Wakefield’s annual ranking based on the criteria such as operating costs including labour and the rate of economic and political risk. The country has regularly ranked among the best destination for manufacturers seeking to locate their operations since 2016 when it was included in the chart for the first time. The ability to bounce back after the coronavirus crisis was rated for the first time this year and the Czech Republic succeeded in this respect as well.
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News ČMN completes €74.5 million Prague office acquisition
01
Jul
2020

ČMN completes €74.5 million Prague office acquisition

by Property Forum
Czech real estate group Českomoravská Nemovitostní (ČMN) has completed the €74.5 million (CZK 2 billion) acquisition of two office buildings, City West C1 and C2 in Prague's Stodůlky area. The seller is Luxembourg-registered Capital Financial Holdings (CFH). Raiffeisenbank provided financing for the acquisition.
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News Zeitraum partners with AAU in Prague
17
Jun
2020

Zeitraum partners with AAU in Prague

by Property Forum
Zeitraum, a specialist in student rental housing, has entered into a three-year contract with the Anglo-American University in Prague (AAU), guaranteeing 120 beds for its students in the new academic year 2020/2021. The AAU is one of 20 universities with which Zeitraum cooperates and provides accommodation for the AAU’s students on its four newly reconstructed campuses in Prague. More than 60% of university students remained accommodated despite the difficult situation regarding the COVID-19 pandemic while continuing their studies online.
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News Kaprain launches 30,000 sqm office project in Prague
27
May
2020

Kaprain launches 30,000 sqm office project in Prague

by Property Forum
Czech real estate developer Kaprain Group, owned by businessman Karel Pražák, has launched the construction of the 30,000 sqm Kaprain Harfa Business Center office project next to Prague’s O2 Arena, local daily E15 reports.
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News DIY retail group leases 25,000 sqm from P3 in Lovosice
25
May
2020

DIY retail group leases 25,000 sqm from P3 in Lovosice

by Property Forum
DIY retail group XLMX, the company that controls furniture stores KIKA, Möbelix and XXXLutz, has leased 25,000 sqm in P3 Lovosice, located between Prague and the Czech-German border. The new hall will serve as a central warehouse for stores in the Czech Republic and other European markets.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

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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