AFI Europe and FINEP have announced the conclusion of a long-term framework agreement on cooperation in the development of rental housing in Prague. The move is based on their previous collaboration in this area. 

Kristýna Milovanović has been appointed Associate and the Head of Retail Tenant Representation at Cushman & Wakefield. In this role, she is going to be responsible for providing strategic advice to clients entering the Czech market and expanding their presence.

According to the Savills European Real Estate Logistics Census, the Czech Republic is becoming a key destination for industrial tenants' expansion within Central and Eastern Europe. 

Cushman & Wakefield has announced Nicolas Horky is joining the company to lead the hotel transactions team in the Central, Eastern and Southeastern European regions. 

Developer AFI Europe is launching a new coworking centre on the ground floor of the AFI Home Kolbenova 1 rental residence in the AFI City district in Vysočany, Prague 9. Coworking spaces as part of the rental project are among the developer's domestic innovations.

The Olympia Teplice shopping centre and business zone from CPI Property Group's portfolio is expanding. The enlarged shopping centre is planned to offer almost a hundred stores in an area of 43,000 sqm.

The leading Czech portal focused on residential real estate, Home Portal, has welcomed a significant new addition to its team — Tal Roma, joining from AFI Europe Czech Republic. He will be responsible for taking the role of the CEO of the Polish subsidiary and head of the company’s expansion into the Polish market.

The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D. 

Czech-based investment and real estate group Arete has announced the acquisition of a major logistics park in western Poland. The seller was a joint venture of Panattoni Europe and Kajima Properties. The price has not been disclosed. With this move, Arete expands its operations beyond the Czech Republic and Slovakia, entering the Polish market. This acquisition strengthens the portfolio of the Arete Industrial fund, increasing its total leasable area by 25% and raising the value of assets under management to over €300 million.

Demand for industrial spaces is stabilising across Europe, as indicated by the recent European Logistic Update report from Cushman & Wakefield. In the Czech Republic, the situation is returning to pre-pandemic levels, driven primarily by manufacturing and logistics companies.