The Amadeus Real Estate Group is preparing to sell the Máj department store in the centre of Prague to Realita fund, managed by the investment company Atris, reports Seznamzpravy.cz.

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

P3 Logistic Parks has added new talent to its acquisitions team. Stanislava Pištěková, who has already gained extensive experience in this area, has taken up the position of Senior Acquisition Manager. 

Passerinvest Group has shared its experience during the planning, construction and furnishing of offices: it is necessary to take into account the experience and requirements of companies' HR personnel and to implement various requirements for equipment and interior arrangement, with the coffee machine a separate discipline.

CTP has begun the construction of a new distribution centre at CTPark Blatnice in the Czech Republic for Redcare Pharmacy to serve the Austrian market.

Linkcity has started the implementation of its first apartment building made of timber in the Czech Republic. The residence has become part of the last stage of the Nová Tesla urban district currently under construction, which is being built on a large former urban brownfield in Pardubice. 

Excellent transportation connectivity via the D1 highway has attracted a significant investment to Přerov, Czech Republic. RC EUROPE will build a modern industrial park that will create thousands of new jobs and strengthen the regional economy. This will make Přerov an attractive location for investors.

Construction authorities in the Czech Republic are again allowed to use the construction management systems, which have been applicable until July 1 2024, reports E15.cz. Since then the completely new system has been in practice and proved rather troublesome bringing complaints from all sides.

CTP has signed a lease with Czech company BOUKAL for almost 3,500 sqm of modern space at CTPark Chomutov in the Czech Republic, with plans to create dozens of new jobs and strengthen the regional economy.  

For the first time in almost thirty years of Czech development group Crestyl, the person in the position of international CEO is changing. Simon Johnson, who has held the position of COO of the group for the past 14 years within Crestyl and also acted as executive director for the Czech Republic, is taking over the management of the entire group.