ARTICLES LABELLED WITH TAG Czech Republic

According to a survey by Cushman & Wakefield tracking new entries for 11 years, 47 brands have entered the Czech market in 2024. This is the highest number of brands to enter the Czech market, compared to 40 in 2023. 

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.

CPIPG has announced a few changes in its top management. Over the past ten years, the composition of CPIPG’s Board of Directors has evolved to meet the expectations of its international stakeholders and the needs of its expanding business. The Vitek Family Trust (VFT), the Group’s majority shareholder, is actively supporting changes leading to enhanced independence.

Žižkov Station Development, founded by the development company Sekyra Group and České dráhy (the Czech railways), has submitted the planned construction of 3,000 apartments in the area of Prague's Žižkov Freight Station for an environmental impact assessment (EIA), reports newstream.cz.

Budex has opened the building housing the headquarters for its companies GoMobil, Roboton and Terms this autumn in Plana near České Budějovice in South Bohemia. The massing of the building combines a hybrid construction with a reinforced concrete core and CLT wooden elements.

PPF Real Estate Holding has agreed to acquire, for an undisclosed amount, Hilton Prague, a landmark hotel in the Czech capital, from Quinn Group Luxembourg Hotels, represented by the Irish Bank Resolution Corporation.

Accolade has received a loan from Česká spořitelna for the refinancing of projects in four industrial parks and new acquisitions, reports E15.cz.

Investment groups SPM and SCF have become the new owners of the Prague office centre Palác Křižík. Both entities have acquired it from the previous owner, the Generali group. 

The investment group Českomoravská Nemovitostní (ČMN) together with the NEMO fund have completed the acquisition of a portfolio from the real estate fund NOVA Real Estate worth approximately CZK 5 billion (€199 million). 

CTP has signed a deal with Grammer Jifeng Automotive Seating CZ to build a new modern manufacturing and testing warehouse facility at CTPark in Cheb, Czech Republic.