ARTICLES LABELLED WITH TAG Czech Republic

The first half of 2024 has seen CEE investment volumes increase by ca. 29% YoY. According to preliminary results, this is contrary to European and Global results, where activity is still subdued. Given the current conditions, Colliers expect 2024 volumes could reach up to ca. €5.5 billion, around half of the 10-year average, as it has revealed in its latest “H1 2024 Investment Scene” report.

Fio investiční společnost (Fio investment company) has announced the second acquisition to its Fio realitní fond (Fio real estate fund). The fund has bought the industrial park GARBE Park Chomutov from its developer Garbe.

Warehouse rent levels in the Czech Republic have doubled over the past five years. Now they have reached the peak. According to experts from Colliers, price corrections are a topic for discussion.

Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The Creditas Nemovitostní I fund has acquired the property.

The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.

The average offer price of new residential projects in Brno has exceeded CZK 129,400 per sqm (€5,093) and Q2 2024 has broken the previous record from 2022. Demand has also grown sharply, as data by Trikaya shows.

According to the monitored data and analysis of the real estate market by BuiltMind, the demand for new apartments in Prague has continued to grow in Q2 2024. Compared to Q2 2023, there is an increase of more than 67%.

Zeitgeist Asset Management has launched renting apartments and studios in the newly completed Delta Hagibor Residence on the border of Vinohrady, Strašnice and Žižkov in Prague. Invesco Real Estate owns the project and Zeitgeist has been given the mandate for its complete leasing and management.

The abandoned brownfield of the former Poldi Kladno steel mill in the Czech Republic is soon to be transformed. On a large part of the area belonging to the RSJ investment group, the developer Panattoni has started construction of industrial halls this summer, reports E15.cz.

The headline RICS Commercial Property Sentiment Index (CPSI) holds steady in the latest survey for Q2 2024, while the outlook for secondary offices and retail remains particularly negative in many markets.