ARTICLES LABELLED WITH TAG Czech Republic

News COVID-19 has managed to make the Czech permitting process even longer
12
Nov
2020

COVID-19 has managed to make the Czech permitting process even longer

by Property Forum
Seven experts discussed investment and financing strategies for the new normal at the online edition of Prague Property Forum 2020. How has the investment market changed in the last 6-8 months? What major changes have been observed in investment and financing preferences? We summarised the highlights of the discussion, moderated by Luke Dawson (Colliers International).
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News J&T fund invests in logistics assets near Pardubice
09
Nov
2020

J&T fund invests in logistics assets near Pardubice

by Property Forum
J&T INVESTMENTS SICAV, a fund created by the J&T financial group, has invested in logistics facilities in the Pardubice region. The complexes, which were built in 2009-2012, offer 35,000 square meters of warehouse space and are long-term leased to quality tenants.
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News The Czech industrial market is not cooling down
05
Nov
2020

The Czech industrial market is not cooling down

by Property Forum
During Q3 2020, gross take-up on the Czech industrial market reached 289,400 sqm which is a decrease of 21% year-on-year. Still, the vacancy rate decreased over the quarter. The Industrial Research Forum announced the industrial market figures for Q3 2020.
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News ESG considerations play little role in investment decisions across CEE
05
Nov
2020

ESG considerations play little role in investment decisions across CEE

by Property Forum
While in Poland over 20% of investors are favouring projects that have high ESG-related ratings (which is fourth highest figure globally), Hungary and the Czech Republic are the two countries with the highest share (over 40%) of respondents saying that ESG considerations play no role when they evaluate projects, according to the latest results of the RICS Global Commercial Property Monitor.
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News Prague‘s office market remains fairly priced
03
Nov
2020

Prague‘s office market remains fairly priced

by Property Forum
According to the latest Savills research, Prague’s office real estate market is fairly priced despite some minor outward prime yield movement during the first half of the year. This broader continent-wide outward yield movement has helped push the average yield spread between prime European offices and Eurozone government bonds to 325 basis points, more than 100 bps above the historic average.
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News P3 to revitalise Vítkovice Industrial Zone in Ostrava
03
Nov
2020

P3 to revitalise Vítkovice Industrial Zone in Ostrava

by Property Forum
P3 has signed an agreement with Vítkovice, a.s. and VTK NCA a.s. to buy 40 hectares of land in the Vítkovice area in Ostrava. Formerly known as Aglomerace, the area will be used by P3 to build an industrial and commercial district that will include production and storage warehouses, stores, showrooms, offices, and various other facilities. The overall design of the complex is being prepared in cooperation with architect David Kotek from the Ostrava-based Projektstudio.
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News CTP expands industrial park near Czech-German border
30
Oct
2020

CTP expands industrial park near Czech-German border

by Property Forum
CTP has expanded its Aš industrial park by acquiring building plots and a production facility. At CTPark Aš there are now two fully-leased halls, with a total area of almost 35,000 sqm. The completed park will offer clients a further 45,000 sqm of production space.
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News CTP signs up new teant near Žatec
23
Oct
2020

CTP signs up new teant near Žatec

by Property Forum
Tyre manufacturer Nexen Tire Europe is expanding its activities near Žatec. Besides its plant in the Triangle Strategic Industrial Zone, the company will lease from CTP an additional large warehouse at the neighbouring ctPark Žatec, from March 2021. The 12,000 m2 Central Distribution Warehouse will be constructed for supplying the whole European market with tyres manufactured by Nexen for passenger and commercial vehicles.
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News Prague’s office market records higher sublease activity
21
Oct
2020

Prague’s office market records higher sublease activity

by Property Forum
The impacts of COVID-19 are becoming visible on Prague’s office market with a rapid decrease of net demand and the postponement of several completions of new office projects. At the same time, the share of sublease deals within the total take-up increased from around 1% in previous quarters to 7%. The Prague Research Forum announced the office market figures for the third quarter of 2020.
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News Savills becomes PM for Immofinanz’s Prague office portfolio
20
Oct
2020

Savills becomes PM for Immofinanz’s Prague office portfolio

by Property Forum
Immofinanz has appointed Savills as sole property manager for its portfolio of seven office buildings in Prague, Czech Republic, with effect from January 2021. The total floor area of the assets is approximately 123,000 sqm.
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Latest news


New leases

  • LCP Properties has finalised two further leases for M Park Pionki. The CCC shoe shop will occupy 400 sqm in the building, while the area of the Xtreme Fitness gym will reach 600 sqm.
  • Two more companies have become tenants of Diuna, part of the Warsaw office portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo about 500 sqm in the complex on Taśmowa Street. In addition, WDX has extended its lease for nearly 500 sqm of space.
  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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