Colliers Czech Republic has announced five new appointments in the Office Agency, two in Valuations and one in the Real Estate Management Services (REMS), Capital Markets and Market Research departments, as the company further continues its strategic growth plan to strengthen its business across all real estate segments in the Czech Republic to cope with the clients and market needs.

Accolade and Aareal Bank have closed a refinancing deal, with a total value of €54 million (CZK 1.4 billion) for four Polish parks: in Bydgoszcz, Białystok, Mińsk Mazowiecki and Legnica. This is a sequel to their previous transaction, concluded last year, whose value amounted to €153 million (CZK 4 billion). Apart from increasing portfolio profitability, the refinancing is also to support the execution of Accolade’s strategy that aims to develop modern business in Europe.

Panattoni will construct a robotic fulfilment centre for Amazon on a brownfield site, formerly used for a sugar factory settling tanks, near Kojetín in the Přerov region. It will be the first fully-fledged multi-storey logistics building with state-of-the-art technological equipment in the Czech Republic. The zone was developed by the Accolade Group, which is also the investor and owner of the industrial park.

Czech investment group RSBC is acquiring an office building in Prague's Michle district from CPI Property Group. The building, located next to the BB Centrum complex, houses the headquarters of energy company ČEZ, business daily Hospodářské noviny reports.

Mint Investments’ residential fund (MINT I. rezidenční podfond SICAV) has entered into an agreement for the acquisition of four apartment buildings in Plzeň-Skvrňany with developer Trigema Real Estate. Construction of the 100 apartments for rent is scheduled to be completed in Q4 2022. The parties did not unveil the transaction price.

In addition to manufacturing capabilities and an R&D centre, HELLA, a global manufacturer of lights and electronic components for cars, is now building a state-of-the-art testing laboratory in the Ostrava region. The lab will be located at CTPark Ostrava Hrabová, where advanced machines will be simulating the real-life operating environment of HELLA products throughout their entire life cycle.

AFI Europe has completed the shell of the fifth and final phase of the Tulipa Třebešín residential project which is intended purely for rental housing and completes a large-scale development on a 5-hectare urban brownfield site in Prague 3 - Strašnice. The building will offer a total of 61 residential units with an expected completion date of Q3 2022. The general contractor is Imos Brno. AFI Europe's total investment in Phase 5 will exceed CZK 250 million.

Czech real estate fund Trigea bought two retail parks in Moravia – Retail Park Haná in Olomouc and the shopping centre Retail Park Ostrava, expanding its existing portfolio of three properties with additional retail projects.  

CPI Property Group’s net rental income increased to €175 million in H1 2021 (up 7% versus H1 2020) and its consolidated adjusted EBITDA rose to €172 million (up 5% versus H1 2020). The company published its unaudited financial results for the six-month period ended 30 June 2021.

Czech investment group RSJ plans to make it easier for Prague developers to finance the purchase of land for residential projects. Until now, RSJ has only cooperated with developers through shares in their projects but the new RSJ Landbank sub-fund will buy the land instead of the developer, who will take it over only after obtaining all building permits, which in Prague usually takes several years, local daily E15 reports.