ARTICLES LABELLED WITH TAG Czech Republic

13
Oct
2016

House prices grow rapidly in CEE

by Ákos Budai
Central and Eastern European housing markets are over the crisis and prices have once again begun to rise. The general upswing, observed on European housing markets, is supported by a number of factors. Following the economic crisis, GDP has begun to grow once again in most countries and the interest environment is also favourable to borrowing. These both contribute to a recovery in housing market demand, which may then materialise in higher prices. In the case of housing markets in the Central and Eastern European region, significant differences in price dynamics may be observed. Hungary stands out from the field, where a highly significant price rise has been observed in the past two years with the prices of second-hand homes having grown by 29 percent. We take a look at Central and Eastern European housing markets.
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13
Oct
2016

Shoppers go for luxury brands in Prague

by Ákos Budai
According to the latest report by JLL, High Street Retail in Prague 2016/2017, the Czech capital is the most attractive destination for expansion of international retailers in CEE and is being considered as the gate when entering this region. Demand for quality space on Prague’s high streets, Pařížská and Na Příkopě, is outstripping supply which is reflected in the current rent rate of up to €190/sqm/month for a notional unit of 100 sqm in a prime location.
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12
Oct
2016

Czech industrial stock continues to grow

by Ákos Budai
In Q3 2016, industrial space totalling 60,200 sqm was added to the Czech Republic’s industrial property market and there was 474,800 sqm of storage and industrial space under construction at the end of the quarter. The Industrial Research Forum has announced its preliminary industrial market figures for Q3 2016.
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06
Oct
2016

Focus Estate Fund acquires retail park in Ostrava

by Ákos Budai
Emerging Europe Properties Fund and Discovery Group have sold Nakupní Park Centro Ostrava to Focus Estate Fund. The subject of the sale is a fully leased retail park in Ostrava. Operating since 2011, it offers 7,700 sqm of retail space. Long-term tenants include Mountfield, JYSK, Okay Electric, Breno, Jitona, Kasa, Super Zoo, and Rossmann.
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06
Oct
2016

Deka purchases office complex in Prague

by Ákos Budai
Deka Immobilien GmbH has secured the building complex “The Park” in Prague under a purchase agreement with a controlled affiliate of global private investment firm Starwood Capital Group. Under the terms of the transaction—which were not disclosed—the office park will be transferred to the new institutional fund Deka-Immobilien Fokus Prag (DIFP). The fund will be launched when the sale is closed, which is expected to take place at the end of October.
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04
Oct
2016

CEE markets continue to attract new investors

by Ákos Budai
This year has witnessed new players entering Central and Eastern European markets which, when combined with investments from the region's traditional players, has further increased CEE investment activity. Colliers, Skanska and JLL has released a joint report that analyses the region’s potential as an investment location.
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28
Sep
2016

Saved by South African investors

by Ákos Budai
In the last quarter alone South African investors have spent €1 billion in CEE and it is most likely that they won’t stop chasing higher yields anytime soon. Even though investments in Central and Eastern Europe are generally considered risky by European standards, coming from other parts of the world opportunities in the region may seem rather safe. We report from CEE Property Forum 2016, co-organised by Portfolio Property Forum and RICS, where over 300 visitors and 70 speakers came together to discuss the most pressing issues concerning regional investment markets.
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26
Sep
2016

Prologis expands speculatively in Prague

by Ákos Budai
Prologis has begun the development of an 11,720 sqm speculative distribution facility at Prologis Park Prague-Airport in response to high customer demand, which has resulted in the park being fully let.
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22
Sep
2016

Praha City Center welcomes new tenants

by Ákos Budai
Tristan Capital Partners, a pan-European real estate investment fund, has announced three new lease agreements in their recently refurbished Praha City Center office building. The new tenants are leasing a combined 3,000 square metres of the 16,000 square metre property.
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16
Sep
2016

Prague office stock barely expands in H1 2016

by Ákos Budai
According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.
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Latest news


New leases

  • Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
  • Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
  • Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.

New appointments

  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
  • Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
  • Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.


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