ARTICLES LABELLED WITH TAG Czech Republic

By the end of the decade, more than 300 kilometres of new expressways are to be built in the Czech Republic, altering not only the country's transportation map but also the strategy of companies searching for locations for their logistics and production facilities, according to Colliers' analysis.

After almost two years of construction, EPG Group has completed the modernisation and expansion of the Varyáda shopping centre in the Karlovy Vary region. The reconstruction has been managed with the shopping centre in full operation.

Finding a vacant space in the highest-quality office buildings in central Prague has proven to be a mission impossible. According to Savills’ analysis, vacancy in AAA properties has consistently remained at zero.

The Idea Office Building in the Smíchov quarter of Prague, part of the NEMO real estate fund, has undergone a significant transformation, welcoming new commercial and diplomatic tenants.

Czech lucrative properties such as hotels, offices, and shopping centres are now heading into the hands of domestic investors. On the other side, foreign investors are gradually leaving the market, reports seznamzpravy.cz.

Ikonix, a newcomer to the Czech development and energy market, has presented an ambitious plan to become one of the most important players in the domestic market.

YIT has included cooperative housing as an important alternative to traditional financing for the purchase of real estate for personal ownership in its residential development strategy. The developer has now entered into cooperation with the Ranta Barrandov IV Housing Cooperative by selling the building with 69 residential units.

CEE economies have been delivering solid GDP growth, outpacing many Western European peers despite external trade uncertainties and recent inflationary pressures, according to Colliers' latest report.

The American Chamber of Commerce in the Czech Republic has announced that Pavel Sovička, CEO of the development company Panattoni for the Czech Republic and Slovakia, has become its new president.

The auction of the Broadway Palace in the centre of Prague has ended successfully, with the bidder offering a starting price, reports E15.cz.