Spektrum shopping centre, CPI Property Group’s latest retail development in the Czech Republic, opened its doors on 25 March. Located in Čestlice, in Prague’s south-eastern agglomeration, Spektrum is a convenience-focused retail park comprising over 20 units and over 6,500 sqm of space.

Avison Young announces two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE) with the addition of a newly established venture in the Czech Republic and Slavtchev Consulting in Bulgaria. Both will operate under the Avison Young brand and deliver integrated services to local and multinational clients.

At the end of 2020, there was more than 39 million sqm of modern logistic industrial space in the region. More than one half (53%) of this stock is in Poland, while the Czech Republic with more than 9 million sqm accounts for about 23% of the Central European market. Cushman & Wakefield analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia).

The city of Pardubice is transferring one of its largest brownfields, the area of ​​the former Tesla Kyjevská, to Linkcity Czech Republic. The new owner will embark on the reconstruction of this area into a new residential district with 250 apartments, a supermarket and 10 terraced houses.

COVID-19 is going away very slowly, which is putting pressure on the digitization of residential sales. Solutions that enable digital signatures, online viewings and even online selling are becoming necessary tools for residential developers, says Jakub Licak, Business Development Manager at CEE-based proptech Realpad, who’s responsible for the company's international expansion in Romania and Bulgaria. He talked to Property Forum about his experiences on the Romanian market and discussed Realpad’s expansion strategy.

Cushman & Wakefield Hospitality supported B&B Hotels in disposing of a portfolio of two hotels to Primonial REIM, a leading independent real estate asset management group based out of Paris, France.

VGP has launched the construction works for a new technological park near South Bohemian metropolis. VGP Park České Budějovice will be located in a commercial zone named Světlík directly at the edge of the city with excellent road and public transport links to the city centre and direct access to the D3 motorway connecting Prague with the Austrian city of Linz. On a land area of about 37 hectares, the site will offer more than 126,000 sqm of lettable area suitable for logistics and light manufacturing.

Zdeněk Tůma the former governor of the Czech National Bank (2000-2010), portfolio manager Martin Pětivoký and Martin Hubinger , the owner of residential developer Realism, have founded IRQ Funds and are launching a new fund named IRQ Residential Rental for qualified investors focused on rental housing.

In March 2021, Czech-Dutch investment company Fidurock has added a new asset to its residential portfolio in Prague.

Travel restrictions and the inability to meet in person have caused a lot of headache for many market players but in many cases, it also provided certain types of investors with an advantage. Pavel Streblov, Business Director at Penta Real Estate talked to Property Forum about the company’s development and investment strategy and shared his expectations for the year ahead.