ARTICLES LABELLED WITH TAG Czech Republic

News Declining interest for retail assets across CEE and Austria – Specialized investors take the lead
29
Nov
2019

Declining interest for retail assets across CEE and Austria – Specialized investors take the lead

by Ákos Budai
According to the latest RICS Commercial Property Monitor, occupier and investment sentiment remains positive across main CEE markets, even though the Czech Republic has posted its most subdued set of readings in four years. In many countries, demand for retail assets fell on both the occupier and investment sides of the market. Based on rental and capital value projections, secondary retail is visibly suffering in Austria, Bulgaria, Poland and Romania.
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News Share of PBSA rises in Prague as public sector capacity falls
28
Nov
2019

Share of PBSA rises in Prague as public sector capacity falls

by Property Forum
The share of private sector student accommodation in Prague stood at 6% of the total stock of purpose-built student accommodation (PBSA) in October 2019, up slightly from the 5% recorded at the same time last year, according to the latest Savills research.
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News Panattoni builds for DHL Express at Brno’s airport
27
Nov
2019

Panattoni builds for DHL Express at Brno’s airport

by Property Forum
DHL Express has leased a modern hall with a total area of 3 700 sqm at Brno’s airport. The construction, which should be completed in Q1 2020, will be carried out by Panattoni Europe.
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News CPI reacts to US lawsuit claiming Vitek committed fraud
27
Nov
2019

CPI reacts to US lawsuit claiming Vitek committed fraud

by Property Forum
Financial advisory group Rothschild & Co. was sued in New York for allegedly helping Radovan Vitek, the majority owner of CPI Property Group, secretly acquire controlling shares in Orco Property Group.  Kingstown, a New York hedge fund, is claiming €1 billion of damages for the alleged fraud. CPI Property Group and Radovan Vitek deny the allegations and claim that the New York lawsuit is baseless and has no merit.
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News Peakside Capital completes renovation of Brno building
20
Nov
2019

Peakside Capital completes renovation of Brno building

by Property Forum
Peakside Capital has completed the comprehensive refurbishment of a recently purchased mixed-use property in Brno. The building has been rebranded to Centrum Vídeňská and has been given a new logo. The renovation mainly focused on improving the quality of the common areas.
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News CTP buys and plans to revitalize forest in the Czech Republic
20
Nov
2019

CTP buys and plans to revitalize forest in the Czech Republic

by Property Forum
CTP plans to make a significant contribution to nature conservation, reduce its carbon footprint, and promote the long-term sustainability of the environment. The company has recently become the owner of 100 hectares of forest and plans to restore it. It has decided to further develop its ecological and social activities by purchasing 100 hectares of forest near Mladá Boleslav. The main goal of the company is to revitalize and grow trees.
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News Prague’s high street among the world’s priciest
18
Nov
2019

Prague’s high street among the world’s priciest

by Property Forum
The Czech Republic made it to the Top 20 countries ranked by the most expensive retail street for the second time in Cushman & Wakefield’s annual Main Streets Across the World 2019 chart. It climbed to No.18 thanks to Na Příkopě, a street where the prime rental value is €235 per sqm per month. The Czech Republic is the only country in the Central and Eastern European region to make it to the Top 20 this year (it appeared in the chart last year for the first time ever), confirming its reigning position on the Central European market.
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News Savills launches residential services in the Czech Republic
07
Nov
2019

Savills launches residential services in the Czech Republic

by Property Forum
Savills has announced a pioneering residential property service in the Czech Republic with LEXXUS, the premier residential real estate advisor in Prague.  This unique combination of international real estate advisor and leading local real estate agency will provide a full spectrum of services in this dynamic segment of the Czech market.
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News CTP launches new brownfield project in Brno
06
Nov
2019

CTP launches new brownfield project in Brno

by Property Forum
The dilapidated area of ​​the former Zetor industrial site in Brno Líšeň will come alive again. CTP has begun preparatory work for the construction of a new industrial park for light manufacturing, retail, research and small logistics. More than 1000 employees will find work here. The investment in the project is expected to amount to around €60 million (CZK 1.5 billion) with the expected date of completion of construction in 2025.
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News Weaker demand on Prague’s office market
28
Oct
2019

Weaker demand on Prague’s office market

by Property Forum
Gross take-up in the third quarter of 2019 amounted to 85,200 sqm on the Prague office market, representing a 17% decrease on the previous quarter. The Prague Research Forum announced the office market figures for Q3 2019.
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Latest news


New leases

  • Scan Global Logistics, a global logistics and freight forwarding company has secured 13,000 sqm of industrial space in CTPark Budapest East Ull2 near Üllő, a suburban city of Budapest. The long-term lease was signed late last year.
  • Four new tenants have secured space in Liberty, a mixed-use building in Budapest, developed by Wing. Coop, FedEx, Praktiker and 3 Print have concluded lease agreements for more than 3,500 sqm of office space.
  • Tech company Blankfactor will open an office on the 35th floor of RPHI’s SkyTower Bucharest building. The lease deal was brokered by CBRE.

New appointments

  • Anna Bartoszewicz-Wnuk joins the Velis Real Estate Tech team as Head of Central & Eastern Europe and will be responsible for the company's development in the CEE markets.
  • DVM group, an integrated architectural and construction services provider is restructuring its design department. Ákos Csécsei has been appointed to head the architectural design department and Tímea Fekete-Tóth to lead the interior design department. The managers have grown with the company, with multiple projects to their name.
  • Meta Estate Trust has named Adela Antone as Investment Director. She has around 20 years’ worth of experience in the banking and real estate sectors.

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