ARTICLES LABELLED WITH TAG Czech Republic

News New Czech Building Act becomes valid with struggles
04
Jul
2024

New Czech Building Act becomes valid with struggles

by Property Forum
Construction management in the Czech Republic is entering a new, digital era. The long-awaited change has not been easy. Having not enough time to get acquainted with the new regulations and digital systems, both sides, building authorities and builders are struggling, reports E15.cz.
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News Accolade sells out green bonds worth €240 million
03
Jul
2024

Accolade sells out green bonds worth €240 million

by Property Forum
The Industrial parks investor Accolade has issued green bonds in the Czech currency. The planned issue of CZK 1.5 billion (€120 million) has been sold out within a week.
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News CA Immo starts refurbishment of office building in Prague
03
Jul
2024

CA Immo starts refurbishment of office building in Prague

by Property Forum
Danube House is a landmark office building in Riverside Karlin, anchored by international occupiers from tech, start-up, legal, and banking industries. After 20 years of operation, it is now undergoing comprehensive refurbishment.
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News Arete hands over new hall in Czech Zdice
01
Jul
2024

Arete hands over new hall in Czech Zdice

by Property Forum
A new hall within Arete Park Zdice has been completed and handed over to its tenant, the Czech branch of the logistics service provider Kuehne+Nagel. After the opening of the new building, the total leasable standing area of the park in Zdice has increased by more than 41% to 24,808 sqm.
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News 5 ha of land in Prague's Karlín has new owner
28
Jun
2024

5 ha of land in Prague's Karlín has new owner

by Property Forum
Residential builder Central Group has just completed the largest transaction on the housing market this year. It is buying more than five hectares of land near the Invalidovna metro station in Karlín in Prague 8, including the existing Čechia Hotel. 
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News YIT sells Prague project to cooperative
28
Jun
2024

YIT sells Prague project to cooperative

by Property Forum
The YIT company has sold the Rivi Bachova project in the Praha-Chodov district to the Rivi Construction Cooperative. The interest in cooperative housing is increasing given the situation in the Czech mortgage market.
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News RSJ sells 40,000 sqm hall in Czech Republic
28
Jun
2024

RSJ sells 40,000 sqm hall in Czech Republic

by Property Forum
RSJ Investment Group has announced the completion of the sale of a modern industrial hall near Chomutov with a leasable area of almost 40,000 sqm. The company Jungheinrich has been manufacturing forklift trucks since mid-2023. Patria Investment Company, a part of the ČSOB group, has become the new owner.
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News Drees & Sommer appoints new Managing Director
28
Jun
2024

Drees & Sommer appoints new Managing Director

by Property Forum
The Czech office of Drees & Sommer is expanding its management team. Markus Ising has been promoted to Managing Director with a focus on clients from the DACH region. 
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News BTL becomes majority owner of Lucerna Palace in Prague
27
Jun
2024

BTL becomes majority owner of Lucerna Palace in Prague

by Property Forum
The company BTL together with Lucerna Palace's current owner Dagmar Havlová have founded the company Palác PL. Havlová has invested the property of Lucerna into Palác PL retaining a 25% share. The remaining 75% have been acquired by BTL in exchange for almost CZK 1 billion (€40 million), reports Forbes.cz.
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News UBM completes timber resi project in Prague
27
Jun
2024

UBM completes timber resi project in Prague

by Property Forum
UBM Development Czechia is completing the Timber Praha residential project, the first sustainable timber apartment building in Prague. Unlike multi-storey foreign projects, this one has reached a height of four floors, i.e. 12 meters of fire height.
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Latest news


New leases

  • Skanska announced the expansion of its tenant portfolio in the Equilibrium 2 office building in Bucharest by welcoming ONV LAW. ONV LAW will occupy approximately 640 sqm in Equilibrium 2, with the move-in scheduled for December 2025.
  • EPP's Outlet Park Szczecin, the only outlet centre in Western Pomerania, is strengthening its fashion offerings by signing agreements with three brands previously unavailable in the region. JACK & JONES and Evenemen, with their men's fashion collections, and the premium optician OUTLY, have already opened their stores. eobuwie will also join the tenant roster this fall. VENEZIA, TATUUM, WITTCHEN, and Pako Lorente are also continuing their partnerships with the centre, significantly expanding their stores, while Lee Wrangler and German Optiker are moving to new locations. The new agreements and extensions cover a total area of nearly 1,800 square meters.
  • mFinanse S.A. has extended its current lease at the LIFE_Building in Warsaw and expanded its office space. As of July this year, the mBank Group company will occupy a total of 350 sqm in the building owned by VIG Fund. During the transaction, VIG Fund was represented by JLL, the exclusive leasing agent for LIFE_Building, while Deloitte Legal provided legal advisory services.

New appointments

  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.

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