ARTICLES LABELLED WITH TAG Czech Republic

News Helaba to finance Crestyl’s revitalisation project in Prague
17
Aug
2022

Helaba to finance Crestyl’s revitalisation project in Prague

by Property Forum
Helaba is providing long-term financing for Czech project developer Crestyl for the revitalisation of the well-known NR7 office building in a prime downtown location in Prague.
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News VGP secures new tenant in Olomouc logistics park
17
Aug
2022

VGP secures new tenant in Olomouc logistics park

by Property Forum
VGP has concluded a lease agreement with Pilulka Lékárny for 4,479 sqm of warehouse space in the newly completed hall "I" in VGP Park Olomouc. The company is one of the largest pharmaceutical and pharmacy groups in the Czech Republic and Slovakia. The warehouses in Olomouc will be used for supplying customers in several regions: Brno, Ostrava, Olomouc and Prostějov. The new premises have been implemented in the BREEAM Very Good green certification.
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News Investors don’t look at inflation in isolation
15
Aug
2022

Investors don’t look at inflation in isolation

by Ákos Budai
Ryan Wray, Managing Director and Principal at Avison Young, Czech Republic, talked to Property Forum about the perils of today’s macroeconomic conditions investors may reckon with in their decision-making and looked at possible scenarios and working strategies for office occupiers in the Czech office market.
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News Brno and Ostrava office stock to grow by almost 100,000 sqm
11
Aug
2022

Brno and Ostrava office stock to grow by almost 100,000 sqm

by Property Forum
Brno's office stock reached 635,900 sqm in the first half of 2022 and 75,300 sqm is being built there. At the same time, Ostrava's office stock has 219,100 sqm and builts 21,000 sqm of offices. None of these regional metropolises had finished a new office building in the first half of this year. In both localities, prime rents increased reflecting the general pressure on prices in new developments, reports the Regional Research Forum.
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News Erste expects CEE residential markets to cool down
11
Aug
2022

Erste expects CEE residential markets to cool down

by Property Forum
The fears of a recession are likely to cool down the red-hot real estate market in CEE countries, Erste specialists expect. According to them, this will be influenced mainly by surging inflation, the cost of credit and cooling down of the borrowing, and shrinking of the disposable household income which will also worsen the borrowing appetite in the coming periods. There is a change in the respondent’s behaviour too. Whereas respondents from Poland, Hungary and Croatia are open to buying or building a house, Czechs, Slovaks and Slovenians are less inclined to do so, say Erste experts in their recent special report.
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News Rising construction costs impact office development in Prague
11
Aug
2022

Rising construction costs impact office development in Prague

by Property Forum
In Q2 2022, Prague's current office space volume reached 3,75 million sqm and 215,700 sqm is under construction. It is expected that the construction volume will increase by 74,000 sqm of office space by the end of 2022. Rents grew by 18% y-o-y and further growth in coming periods is also expected, JLL's Prague Office Market Q2 report says.
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News State fails to sell €43 million palace in Prague city centre
10
Aug
2022

State fails to sell €43 million palace in Prague city centre

by Property Forum
The Czech state continues to unsuccessfully trying to sell Prague's functionalist Broadway Palace from the 1930s. The Office for Representation of the State in Property Matters (ÚZSVM) offered it for the third time in an electronic auction, this time with a starting price of CZK 1.05 billion (€43.153 million), but no one took part in the auction, a spokeswoman for the office told the Czech News Agency.
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News 25% of women is considering leaving the Czech labour market
09
Aug
2022

25% of women is considering leaving the Czech labour market

by Property Forum
After two years of the pandemic, every fourth woman is considering leaving the labour market, says a study by the McKinsey Global Institute. According to Colliers, this can be prevented and easily reversed by the employer by adjusting the working environment and conditions or by investing in the employee's reskilling. It is necessary to consider as such an exodus of women from the group of productive employees would weaken the Czech labour market.
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News DRFG to build 100 flats in Mladá Boleslav
05
Aug
2022

DRFG to build 100 flats in Mladá Boleslav

by Vera Tumova
Investment group DRFG has started to build a new apartment complex in Mladá Boleslav in Michalovice. As part of the project, called Green, an apartment building with more than a hundred apartments, garages and a large garden with a water reservoir will be built within two years. The market value of the project is CZK 634.6 million (€25.9 million), according to DRFG spokeswoman Monika Brichtová.
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News Trigema makes proptech investment
05
Aug
2022

Trigema makes proptech investment

by Property Forum
Czech investment and development group Trigema has bought a 51% stake in CenovaMapa.org, the market leader in online real estate valuation. Its founder, Hyposervis, retains 49% of the company. Following the acquisition, the parties did not disclose the amount. The newly created real estate data provider has been renamed Dataligence.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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