ARTICLES LABELLED WITH TAG Czech Republic

The mixed-use Residence Stodolní by developer Linkcity is replacing a complex of dilapidated buildings in the existing central development right next to the Plato modern art gallery in Ostrava. The whole area is transforming thanks to a new pedestrian zone with greenery as a joint investment of the city and the developer.

CPIPG has announced the closing of €500 million of 5-year senior unsecured green bonds. More than €3 billion of orders have been placed for the green bonds, the strongest-ever response to a bond issue by CPIPG.

The path to cheaper mortgages, and more affordable housing, is still not easy in the Czech Republic. According to the Swiss Life Hypoindex, the average offer rate of mortgage loans in the Czech Republic has reached 5.52% p.a.

YIT has signed agreements to establish three joint ventures with the Czech investment group RSJ Investments in Lithuania, Latvia, and Slovakia. YIT is selling plots or projects under construction to joint ventures under the same agreement.

CPI Property Group has announced an important step in its disposal programme. The company has completed the sale of its ski resort business in Crans Montana, Switzerland.

The execution of the extension of the Galeria Teplice shopping centre in northwestern Bohemia is planned for the third quarter of 2024. The project investor is the company Dandreet, and the general designer is Obermeyer Helika.

CPIPG has signed a commitment agreement with Sona Asset Management LLP regarding a proposed equity investment of €250 million in Poland.

CPIPG has announced the signing of a binding agreement for selling a portfolio totalling 6 properties located in the Czech Republic to S Immo.

Cushman & Wakefield in the Czech Republic has appointed Petr Dolejš Head of Office Asset Services team.

Upvest has recently closed an investment in the form of participation in a mezzanine loan for the Opatov Office Park in the Czech Republic, where Savills' technical assessment has played a crucial role.