ARTICLES LABELLED WITH TAG Czech Republic

News Central Group replaces broadcast tower in Prague with flats
01
Aug
2022

Central Group replaces broadcast tower in Prague with flats

by Property Forum
One of the tallest buildings in Prague will disappear. The broadcasting tower of the Central Telecommunications Building (Ústřední telekomunikační budova) in Prague's Žižkov district will be demolished in January 2023, including the adjacent buildings. The demolition work is being prepared by the developer Central Group, which owns the entire technology complex in Olšanská Street and is now preparing a residential project there. The current design of the 100-metre towers with apartments by architect Eva Jiřičná has not yet been approved by the city, writes E15.cz.
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News Accolade and Panattoni plan Czech market's largest hall
28
Jul
2022

Accolade and Panattoni plan Czech market's largest hall

by Tumova Vera
The largest logistics hall in the Czech Republic will rise near Cheb (in the westernmost region of the country). Accolade and Panattoni are already intensively preparing its construction in the local industrial zone. According to the Industrial Research Forum (IRF), an association of consultancy firms, this is the largest domestic transaction in Q2 2O22, with the pre-lease of logistics space in the area of about 233,700 sqm. The name of the tenant (an unspecified distribution company) has not yet been disclosed by either party. Lucie Mareš Heřmanovská, a spokeswoman for the Accolade company, informed Property Forum about the project. 
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News Central Group plans hybrid nurseries in new Prague project
27
Jul
2022

Central Group plans hybrid nurseries in new Prague project

by Property Forum
Considering how Prague and its population will grow in the next few years, developer Central Group is planning schools and kindergartens. In its Nová Ruzyně project, it plans to build housing for more than 6,600 people and incorporate kindergartens directly into residential buildings. The developer plans to start construction within two years, writes the daily E15.
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News Crestyl wants to change the centre of Brno
27
Jul
2022

Crestyl wants to change the centre of Brno

by Property Forum
Developer Crestyl wants to transform the centre of Brno near the main train station with the Dornych project, connecting the historic centre with the newly planned district. It is to create a freely accessible public space that will include six buildings with apartments, office and retail space and underground garages. The project, with a total investment of CZK 7 billion (€285 million), already has a zoning permit and expects to receive a building permit by mid-2023, the developer announced at a public presentation of the project.
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News Czech industrial market reaches new highs in Q2 2022
26
Jul
2022

Czech industrial market reaches new highs in Q2 2022

by Property Forum
The Czech industrial market has set new records in Q2 2022. The total stock has reached 10.1 million sqm while net demand totalled 530,500 sqm. In Q2 2022, the largest lease agreement in the history of the Industrial Research Forum was also signed.
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News IT companies drive office leasing activity in Prague
26
Jul
2022

IT companies drive office leasing activity in Prague

by Property Forum
The gross take-up in the Prague office market has increased by 41% in Q2 2022 compared to Q2 2021. The volume of office construction also increased y-o-y by 47%. Leasing activity was driven by IT companies and the rent gap between newly completed and existing buildings continues to widen, says the office market report for Q2 2022 published by The Prague Research Forum.
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News Wood & Company to buy Green Point in Prague
26
Jul
2022

Wood & Company to buy Green Point in Prague

by Property Forum
The Green Point office building in Prague's Smíchov district will expand the assets of WOOD & Company's Office subfund. The eight-storey building has 7.5 thousand sqm of lettable office space available and at the moment half of it is already occupied. The amount of the acquisition from Ronaldsay B.V. was not published by WOOD & Company.
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News Penta buys former post office in Prague
25
Jul
2022

Penta buys former post office in Prague

by Property Forum
Penta Group has expanded its real estate portfolio in the centre of Prague by another building. In an e-auction, Penta was the only bidder to acquire the former post office building at Masaryk railway station in Hybernská Street for a bid price of CZK 220 million. Now the contract will be signed and the price will be paid. Both parties to the transaction have confirmed it to the Czech Press Agency.
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News Crestyl puts more focus on ESG
25
Jul
2022

Crestyl puts more focus on ESG

by Tumova Vera
As of May 2022, Alena Liškay Králíková is the new ESG Manager of Czech development company Crestyl. According to her, while thinking about ESG in real estate businesses, it is important that buildings are not only serving the company´s ESG goals but also their residents, tenants and the entire neighbourhood too.
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News AFI Europe enters Prague's rental housing market
21
Jul
2022

AFI Europe enters Prague's rental housing market

by Property Forum
Developer AFI Europe has announced the completion of the Tulipa residential project on a five-hectare brownfield site in Prague 3 Strašnice. This latest, fifth phase with an eight-storey apartment building cost the developer more than CZK 250 million and will be the only one dedicated exclusively to rental housing with 61 apartments.
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Latest news


New leases

  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.
  • Building E belonging to the Nowy Rynek complex developed by Skanska in Poznań, although still under construction, is already attracting its future tenants. The international company Wunderman Thompson Technology will open its office here on approximately 2,000 sqm.

New appointments

  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
  • P3 Logistic Parks strengthens its team in Poland. Having worked as Deputy Head of Leasing since 2019, Iwona Sadowska has now been promoted to the position of Head of Leasing.


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