The Brutalist monument in the centre of Prague has been closed for up to 2 years for reconstruction, reports Newstream.cz. The internal layout of the building is going to change, converting some of the floors into offices.

The DRFG Investment Group and Heraeus Medevio have launched the construction of a new production hall in Plotiště near Hradec Králové. The project is a build-to-own development.

The XPlace platform, owned by the Archdiocese of Prague, and Penta Real Estate have entered into a partnership in the area of ​​rental housing. Thanks to it, the rental portfolio of XPlace is expanding by two turnkey apartment buildings in the neighbourhood of the Vidoule Nature Park and the new city district of Waltrovka in Prague.

The investment and real estate group ARETE has announced that Jiří Król, an expert in alternative investments and manager with more than 20 years of experience in international leadership positions in investment institutions is joining the Supervisory Board of its investment fund, ARETE INDUSTRIAL SICAV, as of 1st February 2024.

Deutsche Pfandbriefbank has provided a €33 million investment loan facility to a SPV, managed by Amesbury. The company is utilising the proceeds for the refinancing of the two business parks near Prague. pbb has acted as the arranger, agent and sole lender under the facility.

CTP has leased approximately 40,000 sqm at CTPark Ostrava Hrušov in the Czech Republic to Vitesco Technologies. The company has operated a high-tech R&D centre nearby at CTPark Ostrava for the past 10 years.

ZDR Investments has completed this year´s first acquisition, reports Newstream.cz. The fund for qualified investors has listed in their portfolio the Billa grocery store with subsequent retail in the Kunratice district of Prague.

Investor EPG Group has started an extensive renovation of the Varyáda shopping centre in Karlovy Vary. Part of it is the modernization of the existing premises as well as the addition, thanks to which the leasable area of ​​Varyáda is expanding to 27,000 sqm.

The modern developer-led warehouse stock in the Czech Republic has reached 11.70 million sqm. The Industrial Research Forum has announced industrial market figures for Q4 2023.

Penta Real Estate has announced the results of the architectural competition held last year for a new building in Hybernská Street in Prague, on the site of the former post office building. Seven invited teams from the Czech Republic and Slovakia have participated in the competition.