ARTICLES LABELLED WITH TAG Czech Republic

The fourth quarter of 2024 has not brought a significant change to the Czech industrial and logistics real estate market. While demand has returned to almost pre-Q1 volumes, the amount of new project completions has remained low, according to the regular quarterly survey conducted by Colliers. 

With the new year's arrival, VGP has welcomed a new tenant to VGP Park Liberec. C.S.Cargo has leased almost 12,000 sqm. 

The Palladium shopping centre in Prague, owned by Union Investment, is currently up for sale, reports hn.cz. The value of the property has increased and is likely to surpass the previous record.

CTP has launched a project for its long-time partner, Hitachi Energy, at CTPark Brno in the Czech Republic. The developer has also revealed its plans for a campus enriching the range of services in the industrial park. 

Arcona Property Fund investing in Central and Eastern Europe has acquired a plot of land in the centre of the capital of Ukraine for approximately CZK 50 million (€2 million), Newstream.cz reports.

AFI Europe has reached full occupancy for its portfolio of rental apartments in Prague. The company is currently building more than 500 more apartments in the Czech metropolis.

Companies in regional cities in the Czech Republic have been facing an increasing challenge in finding quality office space, reports the Regional Research Forum. H2 2024 data for Brno and Ostrava shows that a shortage of office space is thus creating pressure on the market and tenants.

As of January 2025, ten modern commercial properties of the Czech real estate fund's Investika portfolio have completed the BREEAM international environmental certification. 

In 2024, nearly 80,000 sqm of new, modernised, or expanded retail parks were completed in the Czech Republic, now totalling 1.3 million sqm of retail space, almost a third of the total retail space capacity on the market, reports Cushman & Wakefield.

In recent years, the construction industry has become increasingly digitised and project management has become more efficient. But this progress has come hand in hand with cyber security challenges, where sensitive information such as contracts, financial data or project proposals are at risk of attack, warn specialists from PlanRadar.