The supply of modern retail space has reached 3.93 million sqm in the Czech Republic. Retail parks or shopping parks are taking a portion of 31% of this total according to Cushman & Wakefield's analysis of the Czech retail park market data. Traditional shopping centres account for about 67%, and the remaining 2% are outlets.

The past year has probably been the weakest since 2009 in terms of the volume of investments in real estate, both in the Czech Republic and throughout Central and Eastern Europe (CEE). This conclusion has resulted from the KPMG Property Lending Barometer survey. It has involved representatives of 48 banks from 10 CEE countries.

Zdeněk Hausvater, Director of Asset Management at AEW Europe, has confirmed that the shopping gallery Mylsbek in Prague is for sale, Hospodářské noviny reports.

As part of the so-called consolidation package, which has changed several dozen laws since January in the Czech Republic, the property tax is rising by an additional 80% starting this year, reports Seznamspravy.cz.

The Office for the Protection of Economic Competition (ÚOHS) has authorized the Czech real estate fund Trigea from the Partners group to buy the owner of the Prague shopping centre Arkády Pankrác, e15.cz reports.

The second stage of Skanska's project Modřanský cukrovar (Modřanský sugar factory) in Prague is offering 126 apartments in four sections. Currently, 35% of the apartments in the second stage have been sold, reports Newstream.cz.  

CTP is developing a new 71,000 sqm industrial and logistics building at CTPark Žatec in the Czech Republic. A portion of 18,000 sqm has been leased to Fiege, a logistics and transport services provider in Europe.

Savills has strengthened its Investment team with a promotion and a new appointment. Fraser Watson has been promoted to the role of Head of Investment for the Czech Republic & Slovakia and Hugo Fischer has joined the Investment team as an Associate.

European developer and owner of semi-industrial and logistics real estate VGP has just handed over space in Hall A of VGP Park Ústí nad Labem City to two tenants.

After CPI Property Group disposed of part of its stake in the Austrian real estate company Immofinanz at the end of December last year, it is now about to sign another deal, e15 reports.