ARTICLES LABELLED WITH TAG Czech Republic

17
May
2016

Investors still seem to favour Poland within CEE

by Ákos Budai
According to Cushman & Wakefield, strong investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the first quarter of 2016, with EUR 1.4 billion invested. The slight decrease in transaction volume of 5% compared to the corresponding period of 2015 was smaller than the 14% fall recorded for Europe overall. Q1 activity was also above the long-run average of EUR 1.2 billion since 2007.
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17
May
2016

Can Central and Eastern Europe benefit from Brexit concerns?

by Ákos Budai
RICS organised its first annual conference in Bratislava, Slovakia on 5 May. The half-day event focused on the role of international standards in emerging markets and on the Slovakian property market itself.
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12
May
2016

Flow East’s prime office portfolio is fully leased

by Ákos Budai
Flow East, the Anglo-Czech property owner and heritage campaigner announced that it has signed two new leasing agreements with Modrá pyramida stavební spořitelna and AON Central and Eastern Europe resulting in the 100% occupancy of its 13-building central Prague office portfolio.
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12
May
2016

Prologis signs new lease agreement in Prague

by Ákos Budai
Prologis announced that it has signed a lease agreement with Bonami, a Czech e-commerce homewares retailer, for 5,795 square metres at Prologis Park Prague-Airport DC1. The transaction was facilitated by 108 Agency.
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28
Apr
2016

Vacancy rate hits record low on the Czech industrial market

by Ákos Budai
The vacancy rate in the Czech Republic industrial market reached 4.2%, having decreased by 96 bps since Q4 2015. The Industrial Research Forum has announced its final industrial market figures for Q1 2016. 
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27
Apr
2016

Development activity slows down on the Prague office market

by Ákos Budai
The Prague Research Forum announced its office market figures for the first quarter of 2016. Gross take-up amounted to 92,200 sq m, representing a decrease of 43% compared to the previous quarter and an increase of 26% in year-on-year comparison. In Q1 2016, the vacancy rate decreased by 0.7 percentage points to 13.9% compared to the previous quarter.
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27
Apr
2016

IT companies and BSCs dominate the Prague office market

by Ákos Budai
IT and business service centres were the most active tenants on the Prague office market last year, having signed lease contracts for 84,000 sqm and reaching 31 % of net take-up. In 2015 the largest leasing transaction represented by an agent (JLL) was concluded in the history of Prague´s office market – SAP leased nearly 25,000 sqm in Metronom office building in Prague 5. SAP will move its 2,000 employees working for three operations under one roof. 
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18
Apr
2016

Investors focus on retail in the Czech Republic

by Ákos Budai
According to a study by JLL called Destination Europe 2015, Prague has been ranked as the 14th most attractive market in EMEA for the expansion of international and luxury retailers. This reflects the strong purchasing power of the Prague and Czech citizens, as well as its massive volume of tourists. According to TripAdvisor’s Top 10 Global City Destinations 2016, the City of Prague ranks in 4th position in the Europe. Prague’s flourishing retail market has been on property investors´ radar over the past few years and the purchase of Palladium, a prime shopping centre in the very heart of Prague, was one of the largest transactions closed on the Czech real estate market last year.         
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Latest news


New leases

  • Cushman & Wakefield Echinox moves its headquarters to the office building developed by businessman and former tennis player Ion Tiriac near Piata Victoriei in Bucharest. The company rented here a space between 300 and 500 sqm.
  • CBRE Romania will move from this summer to a new headquarters. The company rented almost one floor of One Tower, which has 1,400 sqm.
  • Furniture retailer Mobexpert leased 2,000 sqm of warehouses and offices in Constanța Business Park, developed by Global Vision and Globalworth. Following recent transactions, Constanța Business Park has reached an occupancy rate of 70%.

New appointments

  • JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
  • Simona Costache has joined Romanian developer One United Properties as Executive Director, Residential Sales. With 15 years of experience in real estate, Simona has been involved in sales, rental and facility management for residential developers in Bucharest.
  • Penta Investments has appointed three new Partners. Fabrice Dumontheil, Václav Jirků and Marián Slivovič have become co-owners and leaders of Penta. Fabrice Dumontheil has been with Penta since 2012. He is the CFO of the entire group, responsible for the strategic financial management of Penta group as well as for group IT strategy. Václav Jirků will be responsible for managing the healthcare investment portfolio as well as the international network of Dr.Max pharmacies. Marián Slivovič will primarily cover Penta's investments in banking and Slovalco, as well as in media projects in Slovakia and Czech Republic.


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