ARTICLES LABELLED WITH TAG Czech Republic

16
Mar
2021

Trei Real Estate increases development volume to €1.2 billion

by Property Forum
Trei Real Estate’s development portfolio grew by 33 percent to €1.2 billion in 2020 from €900 million in 2019. The sum total breaks down into €1.0 billion in residential real estate and c. €200 million in retail real estate. The proprietary portfolio of Trei maintained its total of c. €1.2 billion and it includes 349 assets.
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16
Mar
2021

Czech developer Horizon closes record year

by Property Forum
Czech development group Horizon has a record year behind it, despite the uncertainty and difficult conditions caused by the COVID-19 pandemic. In 2020, the company's total revenue from the sale of 337 units in five different projects reached €100 million (CZK 2.7 billion). Horizon plans to build around a thousand more units this year and will put another 550 apartments on sale.
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15
Mar
2021

Garbe Institutional Capital expands to CEE

by Property Forum
Real estate investment manager Garbe Institutional Capital, headquartered in Hamburg (Germany), is expanding into Central and Eastern Europe. Managing and developing retail, office and residential real estate assets, the company will initially focus on the Polish and Czech markets. With its commitment to the CEE region, Garbe Institutional Capital provides German institutional investors with access to high-quality real estate investments in economically prospering metropolitan areas in the eastern part of the European Union. The new CEE business is based in Prague and headed by Ben Maudling as Managing Director, Head of CEE.
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12
Mar
2021

Arete closes sale of CEE II portfolio to Cromwell

by Property Forum
The Arete Group of investment funds completed the entire transaction and transferred ownership of the complete portfolio of the Arete Invest CEE II subfund in the amount of €113.2 million (CZK 3 billion) to Cromwell European REIT (CEREIT) a publicly-traded real estate investment trust listed on the Singapore Stock Exchange.
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10
Mar
2021

Property Forum is looking for a CZ/SK editor

by Ákos Budai
Interested in journalism and market analysis? Want to learn about real estate? Want to be part of a dynamically growing business? Property Forum is looking for a part-time editor covering the Czech and Slovak real estate markets to help expand its CEE intelligence platform. 
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08
Mar
2021

Czech industrial vacancy falls to historical low

by Property Forum
Modern industrial stock in the Czech Republic grew by 314,800 sqm in H2 2020, indicating a mild (7%) decline in construction activity compared to H1. The total industrial inventory intended for lease according to the latest Savills report totalled 9.11 million sqm and 62% of the total inventory was held within the three largest submarkets of Prague (3.21 million sqm), the Pilsen region (1.33 million sqm) and the South Moravia region  (1.15 million sqm).
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08
Mar
2021

Contera starts construction of large industrial hall in Ostrava

by Property Forum
Czech developer Contera has started the construction of a logistics complex in Hrušov on the site of a former brownfield. One of the main tenants of Contera Park Ostrava D1 will be sporting goods retailer Sportisimo. The company’s new logistics headquarters will have a clear height of up to 23 meters, automated systems and cooling, and will be one of the largest in the country with an area of 90,000 sqm.
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01
Mar
2021

Czech investment volume down only 11% in 2020

by Property Forum
Commercial property investment volume in the Czech Republic amounted to €797 million in H2 2020 with 60% of the H2 transaction volume (i.e. €478 million) being for properties located in Prague, according to Savills research.
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25
Feb
2021

RICS survey predicts sharp pull-back in retail and office rents

by Ákos Budai
The Q4 2020 results of the RICS Global Commercial Property Monitor continue to point to a challenging backdrop across Europe. Both the office and retail sectors remain under significant pressure, with demand still falling sharply amid the difficult economic climate induced by the pandemic. On a brighter note, supported by structural tailwinds, the industrial sector continues to defy this downbeat overall assessment, prompting respondents to upgrade expectations for rental and capital value growth.
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24
Feb
2021

Accolade fund’s portfolio value reaches €700 million

by Property Forum
Accolade published its results for 2020. Last year saw the expansion of the portfolio area by 30%, almost 400 new qualified investors and a year-on-year return of 10,02%. The biggest industrial real estate fund in the Czech Republic now owns a total of 16 industrial parks in the Czech Republic, Poland, and Germany with an area of 936,304 sqm.1,200 investors benefit from the rental income which was increased by 35%, in 2020.
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Latest news


New leases

  • CPI Property Group has relocated its headquarters to the Warsaw Financial Centre. The legal, technical, marketing and PR teams will take up close to 800 sqm of office space.
  • German medical furniture manufacturer Stiegelmeyer has leased 3,600 sqm of warehouse space in GLP Toruń, which will be used as the company’s European distribution hub.
  • The women's underwear manufacturer Agio Milano has decided to rent 800 sqm of warehouse space in a private investment located near Ożarów Mazowiecki near Warsaw. AXI IMMO was responsible for negotiations on behalf of the tenant.

New appointments

  • The Board of 7R has appointed Katarzyna Dorocińska to the position of Head of Marketing and Communications. Katarzyna's main responsibilities will include the creation and implementation of a new marketing and communication strategy for the 7R brand.
  • Bartłomiej Krzyżak, formerly Director in the Investment Department, has been promoted to Senior Director at Avison Young. Bartłomiej has been at Avison Young from the very beginning of the company’s entry into the Polish market. He has 12 years of professional experience gained also in CBRE, Cushman & Wakefield and Savills.
  • Roman Babic has joined CBRE's Zagreb corporate office as Property Manager within the Property Management department.


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