ARTICLES LABELLED WITH TAG Czech Republic

News Immofinanz sells Brno Busuiness Park
27
Mar
2018

Immofinanz sells Brno Busuiness Park

by Import Sys
Immofinanz has sold the Brno Business Park office buildings via a share deal to Infond investment fund. The transaction was closed on March 9, 2018. bpv Braun Partners advised Immofinanz on the sale. Infond has been advised by Hladky Legal, Knight Frank and Redbaenk.
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News M7 secures 10 new lettings and lease renewals in CEE
21
Mar
2018

M7 secures 10 new lettings and lease renewals in CEE

by Import Sys
M7 Real Estate, a pan-European real estate investor and specialist asset manager, has agreed on a number of transactions as part of its proactive asset management programme on behalf of Vector Parks. Vector Parks comprises a portfolio of industrial and office assets located in the Czech Republic and Slovakia. Over the last six months, M7 has completed six new lettings and four renewals totalling over 20,500 sqm with predominantly anchor tenants.
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News REICO buys its first industrial property in Slovakia
21
Mar
2018

REICO buys its first industrial property in Slovakia

by Import Sys
REICO investiční společnost České spořitelny, a.s. has acquired, on behalf of the ČS nemovitostní fond, their first prime industrial asset in Slovakia from developer and investor Invest4SEE Investment Holding GmbH. JLL advised REICO IS ČS on their first industrial acquisition in Slovakia with a transaction value of €38.9 million.
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News Rising prices on Prague’s residential market
18
Mar
2018

Rising prices on Prague’s residential market

by Import Sys
New projects are building up slowly, the number of commenced constructions are declining and high demand remains. At the end of last year, approximately 8,100 units were under construction in Prague. This is the lowest result since 2014. The total number of completions reached 6,176 apartments which is 5% below 2016 levels. 2018 will most probably not bring a major change, rather the opposite. In 2018, the construction of around 3,800 new flats will commence, the lowest figure since 2009. About 5,000 units will be completed, marking a significant decline compared to 2017.
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News Prague to see new hotel conversions
18
Mar
2018

Prague to see new hotel conversions

by Import Sys
The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6% and 7% are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14% of the local market operators are international brands.
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News Skanska’s co-working chain enters Prague
12
Mar
2018

Skanska’s co-working chain enters Prague

by Import Sys
One of the fastest growing co-working chains has announced its entry into the Czech market. Business Link, hosted by Skanska, will open its first location in Prague in July of this year. At the Visionary office building located in Prague 7, the company will offer around 4,700 sqm of co-working space, including space for approx. 100 people, 159 private offices, and five conference rooms.
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News CTP plans to double its portfolio by 2022
08
Mar
2018

CTP plans to double its portfolio by 2022

by Import Sys
In 2017, CTP increased its portfolio by approximately 680,000 sqm and reached a record 4.5 million sqm. Occupancy of its industrial real estate — spread across over 82 locations in the region — came to 97.7%. The greatest expansion occurred in the Romanian and Hungarian markets. By 2022, CTP aims to double its portfolio, reaching 10 million sqm.
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News Prologis reorganises Czech and Slovak teams
07
Mar
2018

Prologis reorganises Czech and Slovak teams

by Import Sys
Prologis announced several promotions at its Czech and Slovak offices. Martin Baláž has been promoted to Vice President of Development and Leasing at Prologis Czech Republic and Slovakia; Václav Krasanovský has been promoted to Vice President of Property Management at Prologis Czech Republic, Slovakia and Hungary; Martin Stratov moves up to the position of Director of Development and Leasing at Prologis Slovakia. The promotion of Kateřina Březinová to Leasing Manager at Prologis Czech Republic completes this promotion round.
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News Prologis leases speculative facility in Prague
05
Mar
2018

Prologis leases speculative facility in Prague

by Import Sys
Prologis has already fully leased its new 28,300 sqm speculative facility now under construction at Prologis Park Prague-Uzice in the Czech Republic. Construction of Building 3 began in January 2018 and was launched due to high demand for space at the fully occupied park.
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News Czech start-up buys Brno shopping centre from Atrium
05
Mar
2018

Czech start-up buys Brno shopping centre from Atrium

by Import Sys
Czech start-up Opifer, which has so far invested in biotechnology and IT start-ups, has acquired the Futurum shopping centre in Brno from Atrium European Real Estate, e15.cz reports.
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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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