ARTICLES LABELLED WITH TAG Czech Republic

News CTP builds new parks in Western Bohemia
09
May
2019

CTP builds new parks in Western Bohemia

by Property Forum
CTP has launched two new industrial parks just outside of Plzeň, on the D5 highway connecting the Czech Republic with Germany. Up to 46,000 sqm of space will become available for new clients in the initial phases of construction in CTPark Cerhovice and Blatnice.
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News Czech Republic ranks as leading manufacturing location in Europe
08
May
2019

Czech Republic ranks as leading manufacturing location in Europe

by Property Forum
Cushman & Wakefield has published new research assessing 48 of the most suitable locations for global manufacturers to expand or relocate their operations in EMEA, the Americas and Asia-Pacific. While manufacturers’ individual requirements will vary, China performs strongly thanks to increasing government investment in the adoption of technology, while the United States is most attractive for those seeking to minimise exposure to economic and political threats, followed by Canada and the Czech Republic. Considering basic criteria the Czech Republic is fifth globally and first in Europe.
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News Strong figures for the Czech industrial market
02
May
2019

Strong figures for the Czech industrial market

by Property Forum
During Q1 2019, gross take-up, which includes renegotiations, reached 384,700 sqm of the Czech industrial market, showing an increase of 24% over Q4 2018 figures. The Industrial Research Forum announced the final industrial market figures for Q1 2019.
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News Prague office market vacancy further decreases
02
May
2019

Prague office market vacancy further decreases

by Property Forum
The vacancy rate on Prague’s office market decreased to 4.3%, down 80 basis points in comparison with the revised results of Q4 2018. The Prague Research Forum announced the office market figures for the first quarter of 2019.
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News Redside acquires industrial building in Pilsen
25
Apr
2019

Redside acquires industrial building in Pilsen

by Property Forum
Fund management company Redside has completed the acquisition of an industrial building in Pilsen, Czech Republic, with a total lettable area of 25,000 square meters. The seller is the current occupier of the property, the Japanese cable maker Yazaki. The new owner has joined forces with Panattoni Europe, for further development.
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News UBM Development prepares new mixed-use project in Prague
25
Apr
2019

UBM Development prepares new mixed-use project in Prague

by Property Forum
Following the recent takeover of the Sugarmaker Palace, UBM Development is preparing another large project, namely the Astrid Garden multifunctional complex, consisting of two parts – Astrid Offices and Astrid Residences. In the first stage, a five-storey office building will be constructed, followed by a residential complex of about 110 units the sale of which will be launched in the third quarter of 2020. The architectural form was designed by Bogle Architects, emphasising not only the modern look, lightness and airiness, but also the sensitive setting in the typical character of Holešovice.
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News DBK buys Prague shopping centre
11
Apr
2019

DBK buys Prague shopping centre

by Property Forum
DBK, a Czech retail specialist, has acquired a majority share in Europark – Štěrboholy, a shopping centre in Prague 10 from Austrian developer, SES Spar European Centers.
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News Spaces expands in Prague and Budapest
04
Apr
2019

Spaces expands in Prague and Budapest

by Property Forum
JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.
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News Penta sells Prague office building to South Korean investor
04
Apr
2019

Penta sells Prague office building to South Korean investor

by Property Forum
Penta Real Estate has sold the 80,000 sqm office component of the Waltrovka complex in Jinonice, Prague 5 to Munich-based real estate fund manager GLL Real Estate Partners (GLL), a member of Macquarie Group, acting together with LB Asset Management on behalf of South Korean investor Hanwha Investment & Securities in a transaction worth over €250 million.
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News Prologis develops new BTS facility in Prague
04
Apr
2019

Prologis develops new BTS facility in Prague

by Property Forum
Prologis has begun a build-to-suit project totalling 9,817 sqm at Prologis Park Prague-Airport for CERVA GROUP a.s., a leading Czech producer of protective personal equipment and workwear.
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Latest news


New leases

  • Skanska announced the expansion of its tenant portfolio in the Equilibrium 2 office building in Bucharest by welcoming ONV LAW. ONV LAW will occupy approximately 640 sqm in Equilibrium 2, with the move-in scheduled for December 2025.
  • EPP's Outlet Park Szczecin, the only outlet centre in Western Pomerania, is strengthening its fashion offerings by signing agreements with three brands previously unavailable in the region. JACK & JONES and Evenemen, with their men's fashion collections, and the premium optician OUTLY, have already opened their stores. eobuwie will also join the tenant roster this fall. VENEZIA, TATUUM, WITTCHEN, and Pako Lorente are also continuing their partnerships with the centre, significantly expanding their stores, while Lee Wrangler and German Optiker are moving to new locations. The new agreements and extensions cover a total area of nearly 1,800 square meters.
  • mFinanse S.A. has extended its current lease at the LIFE_Building in Warsaw and expanded its office space. As of July this year, the mBank Group company will occupy a total of 350 sqm in the building owned by VIG Fund. During the transaction, VIG Fund was represented by JLL, the exclusive leasing agent for LIFE_Building, while Deloitte Legal provided legal advisory services.

New appointments

  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.

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