ARTICLES LABELLED WITH TAG Czech Republic

YIT has announced its record sales in 2024, selling 416 units in connection with the gradual market recovery, representing a more than double increase compared to 2023 with 198 apartments. 

BHM group has completed the acquisition of the logistics and production centre Log Center Maribor, taking the full control of the asset and expanding its activities in the logistics and production centre sector.

Crestyl, the development and investment group, has appointed Andrej Zveržhanovski as its CFO for the Czech Republic. In this key position, he has become part of Crestyl's management.

VGP NV has announced its results for the financial year ended 31 December 2024. During the year, new and renewed leases have been signed at a historically high level and net profit has increased by 229% compared to 2023. 

Passerinvest is proceeding with constructing the Hila project in Prague's Brumlovka according to the set schedule. Since the beginning of 2025, the concreting of the foundation slab has been completed and the construction of the basement parts of the building is now underway.

YIT has launched pre-sales of the second phase of its Portti Kladno project outside Prague. The first phase with 85 residential units has now been sold to a housing cooperative. 

Cushman & Wakefield has strengthened the hospitality leadership team in Central, Eastern & Southeastern Europe. Alina Cazachevici has become the Head of Valuation & Advisory for Hospitality and Alternative sector in Central, Eastern & Southeastern Europe. 

In January 5 years have passed since the European Parliament approved the Green Deal. The construction industry is accountable for 39% of global carbon dioxide emissions. The pressure to reduce emissions from clients, banks and legislation is only increasing, comments Jakub Škaloud, Project Manager and Head of the Building Differently team at VCES, one of the general contractors of Czech buildings.

The international automotive supplier Brose has leased the entire Hall D of the Ostrava Airport Multimodal Park (OAMP) near Leoš Janáček Airport in Mošnov in the ongoing Phase II construction developed by Concens Investments.

Atrium Group Services, a subsidiary of G City Europe, has sold the Atrium Flora shopping centre to Max Realitní, a real estate fund focused on investment in commercial retail and office properties in the Czech Republic, part of the Redstone Group. The Prague office of Clifford Chance advised the seller.