ARTICLES LABELLED WITH TAG Czech Republic

News Shoppers go for luxury brands in Prague
13
Oct
2016

Shoppers go for luxury brands in Prague

by Ákos Budai
According to the latest report by JLL, High Street Retail in Prague 2016/2017, the Czech capital is the most attractive destination for expansion of international retailers in CEE and is being considered as the gate when entering this region. Demand for quality space on Prague’s high streets, Pařížská and Na Příkopě, is outstripping supply which is reflected in the current rent rate of up to €190/sqm/month for a notional unit of 100 sqm in a prime location.
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News Czech industrial stock continues to grow
12
Oct
2016

Czech industrial stock continues to grow

by Ákos Budai
In Q3 2016, industrial space totalling 60,200 sqm was added to the Czech Republic’s industrial property market and there was 474,800 sqm of storage and industrial space under construction at the end of the quarter. The Industrial Research Forum has announced its preliminary industrial market figures for Q3 2016.
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News Focus Estate Fund acquires retail park in Ostrava
06
Oct
2016

Focus Estate Fund acquires retail park in Ostrava

by Ákos Budai
Emerging Europe Properties Fund and Discovery Group have sold Nakupní Park Centro Ostrava to Focus Estate Fund. The subject of the sale is a fully leased retail park in Ostrava. Operating since 2011, it offers 7,700 sqm of retail space. Long-term tenants include Mountfield, JYSK, Okay Electric, Breno, Jitona, Kasa, Super Zoo, and Rossmann.
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News Deka purchases office complex in Prague
06
Oct
2016

Deka purchases office complex in Prague

by Ákos Budai
Deka Immobilien GmbH has secured the building complex “The Park” in Prague under a purchase agreement with a controlled affiliate of global private investment firm Starwood Capital Group. Under the terms of the transaction—which were not disclosed—the office park will be transferred to the new institutional fund Deka-Immobilien Fokus Prag (DIFP). The fund will be launched when the sale is closed, which is expected to take place at the end of October.
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News CEE markets continue to attract new investors
04
Oct
2016

CEE markets continue to attract new investors

by Ákos Budai
This year has witnessed new players entering Central and Eastern European markets which, when combined with investments from the region's traditional players, has further increased CEE investment activity. Colliers, Skanska and JLL has released a joint report that analyses the region’s potential as an investment location.
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News Saved by South African investors
28
Sep
2016

Saved by South African investors

by Ákos Budai
In the last quarter alone South African investors have spent €1 billion in CEE and it is most likely that they won’t stop chasing higher yields anytime soon. Even though investments in Central and Eastern Europe are generally considered risky by European standards, coming from other parts of the world opportunities in the region may seem rather safe. We report from CEE Property Forum 2016, co-organised by Portfolio Property Forum and RICS, where over 300 visitors and 70 speakers came together to discuss the most pressing issues concerning regional investment markets.
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News Prologis expands speculatively in Prague
26
Sep
2016

Prologis expands speculatively in Prague

by Ákos Budai
Prologis has begun the development of an 11,720 sqm speculative distribution facility at Prologis Park Prague-Airport in response to high customer demand, which has resulted in the park being fully let.
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News Praha City Center welcomes new tenants
22
Sep
2016

Praha City Center welcomes new tenants

by Ákos Budai
Tristan Capital Partners, a pan-European real estate investment fund, has announced three new lease agreements in their recently refurbished Praha City Center office building. The new tenants are leasing a combined 3,000 square metres of the 16,000 square metre property.
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News Prague office stock barely expands in H1 2016
16
Sep
2016

Prague office stock barely expands in H1 2016

by Ákos Budai
According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.
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News Tchibo expands its Czech Republic distribution centre
14
Sep
2016

Tchibo expands its Czech Republic distribution centre

by Ákos Budai
Tchibo Prague has held the topping out ceremony of the first its distribution centre in Panattoni Park Cheb, which will serve online customers from the CEE region and the southern part of Germany. Currently, the total rentable area has reached 39,000 sqm which will be shortly extended to 73,000 sqm. After completion, the premises will become the second largest logistics hall ever constructed in the territory of the Czech Republic after the distribution centre of Amazon in Dobrovíz. The Tchibo distribution centre shall start its operation by the end of this year. The second phase of the project will be completed in the middle of next year.
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Latest news


New leases

  • Business Services Center, a networking organisation for Polish entrepreneurs under the banner of BNI, BNI+ and Corporate Connections, has joined the group of tenants in the DL Tower building in Katowice. The company will occupy a space of 240 sqm.
  • Logistics operator CAT LC will occupy 9,000 sqm of space at the Śląskie Centrum Logistyczne Sosnowiec III. The company is part of the international Groupe CAT.
  • Intense Group has joined the group of tenants at the Vinci Office Centre. The Polish manufacturer and supplier of IT solutions will occupy approximately 700 sqm of space in the Kraków facility.

New appointments

  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.

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