ARTICLES LABELLED WITH TAG Czech Republic

Českomoravská Nemovitostní (ČMN) has completed the acquisition of the Churchill Square office complex in Prague near the Main Railway Station. It has bought the remaining 25% stake from the investment group Corporate Finance House Group.

KLM real estate has announced the sale of shopping parks in the Czech Republic and Slovakia. The buyer is Patria investiční společnost, reports Seznamzpravy.cz.

7R and EQT Exeter are jointly developing a two-building 56,000 sqm logistics scheme located along the D8 Motorway servicing Greater Prague.

The total investment volume in the Czech Republic for the first three quarters of 2024 has exceeded the €1 billion threshold, reveals a regular quarterly survey published by Colliers. Approximately half of the properties bought and sold in 2024 are located outside Prague. 

INVESTIKA real estate fund has announced exceeding the threshold of CZK 20 billion (€790 million) in the volume of funds from Czech and Slovak investors. 

In this year’s 34th edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Republic, represented by Pařížská Street, secured 20th place. For the first time, a European street, Via Montenapoleone in Milan, claimed the title of the world’s most expensive shopping street, surpassing the American Upper 5th Avenue in New York. The most expensive street in Asia is Tsim Sha Tsui in Hong Kong.

According to Savills' analysis of the industrial real estate market in the Czech Republic, lease renegotiations, or the extension of older lease agreements in existing premises, have become a significant part of the warehouse and manufacturing real estate market. 

Jan Čížek, Head of the Retail Warehousing Team with over 15 years of experience in the retail real estate sector, has become a partner at Cushman & Wakefield.

Crestyl has fully launched its new Dornych project in the neighbourhood of Brno's main railway station, offering a clinic, hotel, coworking and dozens of restaurants, bars and cafes. At the end of October, the old shopping centre has been closed and is now being cleaned out and is awaiting gradual demolition.

S Immo, belonging to CPI Property Group, has sold the heritage-protected Juliš Hotel on Prague's Wenceslas Square, reports Hospodarske Noviny.