ARTICLES LABELLED WITH TAG Czech Republic

The Czech Republic has been risking losing its self-sufficiency in producing stone and sand, according to the Euroconstruct report. These essential materials are becoming scarce because closed deposits are not replaced with newly opened ones. Obtaining permits for new ones is extremely complicated and none have been created for long.

JTH Group has opened the new Kaufland store and the adjacent Retail Park in Lovosice in North-west Bohemia. This project has been developed on an area of approximately 40,000 sqm on a former agricultural field.

KGAL ESPF 5 has entered the Czech market with the purchase of a solar project near the city of Most in north Bohemia. The project is being sold by Sev.en Inntech a.s.

The first stage of the Kolbenova Park residential project in Vysočany in Prague has been completed and approved for use, as the design and construction consulting office Obermeyer Helika has announced. The project consisting of six buildings is gradually executed in several phases. The developer is CPI Property Group.

UBM Development Czechia has completed 3 apartment buildings in the Arcus City residential complex on the border of the Stodůlky and Řeporyje districts of Prague. Of the 66 apartments in the second stage, half of the units are currently available for purchase. 

In recent months, the Czech industrial property market has recovered from a significant drop. Realised demand has shown a marked increase in the Q2 2024 period, according to a market report published by Colliers.

Toyota Tsusho Europe has moved to new built-to-suit premises in the Prologis Park Pilsen II logistics park serving now as the company's gateway to the main markets in Central Europe.

The Q2 2024 residential market report in Prague has shown growing appetite by buyers. Real estate is the largest asset class in the world, yet real estate decisions are often made intuitively rather than based on the data, declares Martin Decký, Harvard Alum and Co-Founder & CEO at BuiltMind. Property Forum has taken a closer look with him on the outlooks of the Prague resi market for the upcoming months.

Czech development group UDI Group has launched the sale of its residential project in Costa Rica. The group is planning the construction to start at the beginning of next year, investing almost CZK 500 million (€20 million) in the project.

Savills' research has shown a positive growth outlook for the European grocery sector for the coming years. Savills is forecasting stable yields within the field and has noticed an interesting shift in consumers’ preferences.