ARTICLES LABELLED WITH TAG Czech Republic

Red Bull has become a new tenant in the Churchill Square II office complex, which is managed by the investment group Českomoravská Nemovitostní (ČMN).

Real estate investment decisions in CEE are currently made considering various challenges, such as difficulty in predicting five-year exit strategies for investments, liquidity in the region, and concerns about the impact of ESG regulations on building compliance and financing, to name a few. CEE Property Forum 2024 in Vienna has taken a closer look at European investment trends in the panel chaired by Tim Wilkinson, MRICS, Head of European Acquisitions at Indotek Group.

UDI Group is starting construction in another European market, Hungary after the new year. The mixed-use Parkside project in Budapest is planned near Váci Road with apartments and a hotel for medium and long-term accommodation.

CPI Property Group is preparing for the launch of a rental housing investment fund, reports Hospodarskenoviny.cz. The stabilised rental properties are a conservative investment opportunity with relatively low returns.

YIT has received building use approval for the Rivi Bachova apartment building in Chodov, Prague. The project has been implemented in cooperation with the Rivi Housing Cooperative. New residents, who by joining the cooperative have acquired a cooperative share and the right to rent an apartment are moving in as early as December of this year. 

GARBE has been on the markets in Central and Eastern Europe for 4 years. Now the company has announced the full occupancy of all its industrial parks in the region. 

VGP has completed the final phase of VGP Park Olomouc by handing over Hall E to Mapei. VGP Park Olomouc with a connection to the D46 highway has been offering offers spaces for production, logistics and business activities. 

In addition to the new acquisition in Brno, YIT is also intensively focusing on Kladno, where it is starting its first-ever regional construction by the end of this year. 

The demand for industrial space has been still below the five-year average in the third quarter of this year, published Colliers in its regular quarterly industrial real estate market report. However, the first signs of market recovery have appeared and the number of concluded contracts has grown slightly. 

EPG Group is opening a new part of the Varyáda shopping centre in the Karlovy Vary region on November 29 and 30. This extension is the first phase of the Varyáda renovation, due to be completed before Christmas 2025.