ARTICLES LABELLED WITH TAG Czech Republic

News CTP completes residential project in Brno
30
Nov
2021

CTP completes residential project in Brno

by Property Forum
CTP officially opened two more buildings in Brno for young local and expatriate professionals and young families. Both buildings can accommodate more than 200 individuals and are follow-ups to the successfully established Domeq I, which the company launched in Brno about four years ago. Due to their larger rooms, the two new buildings are designed to be more for individual residential living rather than co-living, as was the case for Domeq I.  CTP continued this residential project in response to the current high demand in the housing market that is not just seen in Brno, but the whole country.
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News Czech real estate investment volumes up by 8% y-o-y
29
Nov
2021

Czech real estate investment volumes up by 8% y-o-y

by Property Forum
The total volume of real estate investments in the Czech Republic reached €328 million in the third quarter of 2021, being 24% below the previous quarter but 8% up year-on-year, according to Savills latest report.
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News Investors are crazy about logistics, worry about inflation
29
Nov
2021

Investors are crazy about logistics, worry about inflation

by Ákos Budai
Investment market experts in the Czech Republic are concerned about the potential effects of high inflation and rising interest rates on the market. At the same time, they remain highly optimistic about the future of logistics and keep ESG at the top of their agenda, according to a recent panel discussion at Prague Property Forum 2021, moderated by Jaroslav Kaizr MRICS, Expert Director of the MBARE programme at VŠE.
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News CTP hands over 70,000 sqm for Loxxess in CTPark Bor
22
Nov
2021

CTP hands over 70,000 sqm for Loxxess in CTPark Bor

by Property Forum
CTP has expanded its cooperation with the logistics company Loxxess s.r.o., which is currently the second-largest tenant of CTP in the Czech Republic. The newly constructed warehouse provides the company with nearly 70,000 sqm of additional space, over and above their existing 45,000 sqm of leased space, was handed over in September. The premises are mainly used for the storage of drugstore goods for dm-drogerie markt.
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News Panattoni revitalises brownfield site in the Teplice region
16
Nov
2021

Panattoni revitalises brownfield site in the Teplice region

by Property Forum
Panattoni has revitalised another brownfield site for investment group Accolade. They have returned industry to a location where it has historically thrived, the former Kavalier glassworks site in Hostomice, in the Teplice region. The first tenant of the new industrial zone named Panattoni Park Teplice South is the Czech sanitary equipment retailer Sanitino. It has started operating a distribution centre, which will gradually serve the whole of Europe. The transformation of a brownfield, with more than a century of glass history, into a modern zone for light manufacturing and distribution of goods, with an investment of more than half a billion, is therefore continuing successfully.
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News Czech industrial vacancy rate drops to 2.46%
15
Nov
2021

Czech industrial vacancy rate drops to 2.46%

by Property Forum
The rising prices of construction materials and energy, the increasing cost of land for new construction, a lack of crucial components to ensure continuous production and workforce shortages are all afflicting the industrial sector in the Czech Republic. One solution in regard to the availability of industrial real estate would seem to be the optimising of operations and more frequent investment by many companies into the automation of routine activities.
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News Passerinvest Group begins construction of Prague office building
09
Nov
2021

Passerinvest Group begins construction of Prague office building

by Property Forum
Passerinvest Group has begun the construction of the new Roztyly Plaza office building. The building, with a total area of 23,000 sqm from the workshop of the architect studio Aulík Fišer architekti, is going up right by the Roztyly metro station (C line) in Prague 11. Apart from the office function, the project also offers a public P+R parking lot and several retail units, which will significantly expand the local civic amenities.
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News Prague’s hotel market remains in a though spot
08
Nov
2021

Prague’s hotel market remains in a though spot

by Property Forum
Occupancy rates in Prague’s hotels were 50% higher during the summer holidays this year in comparison with last July and August, propelling Prague upwards in the European cities’ chart. Room rates exceeded €64 in the summer, also an improvement over last year. Many hotels worked with an operating profit and the growing number of reservations is also a positive sign. Autumn traditionally brings a drop in tourism and thus in performance – September occupancy rates are still comparable with summer rates and prices are even higher, but there are concerns about another wave of the pandemic and the potential operating restrictions. However, the improved performance in the summer has confirmed again that Prague’s hospitality market has been consistently sought after and popular, and its performance is hindered mostly by external and temporary factors.
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News Panattoni adds 30,000 sqm to Tchibo’s distribution centre in Cheb
04
Nov
2021

Panattoni adds 30,000 sqm to Tchibo’s distribution centre in Cheb

by Property Forum
With the recent completion of the third phase of the Tchibo distribution centre in Panattoni Park Cheb, adding approximately 30,000 sqm, the hall, totalling over 100,000 sqm, has become the largest industrial building completed this year in the Czech Republic. Panattoni as a developer completed the project together with investment group Accolade. Since the first phase of construction in 2016, the tenant has been Tchibo, one of the world's most important coffee producers and consumer goods retailers. The new part of the site aspires to a high BREEAM New Construction environmental certification rating of "Excellent". 
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News RSBC Group sells Brno logistics complex to local investor
03
Nov
2021

RSBC Group sells Brno logistics complex to local investor

by Property Forum
Schönfeld & Co Nemovitosti’s Premium Real Estate Fund has acquired the REDA logistics complex in Brno-Slatina from RSBC Group for CZK 300 million. At the beginning of next year, Schönfeld & Co is planning another acquisition for CZK 700 million, local daily e15.cz reports.
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Latest news


New leases

  • Promatic, a company that creates technological solutions, has signed a long-term lease for office space in Warsaw's Wola Center. The company will occupy 1,200 sqm on the sixth floor of the building.
  • FroGum, a distributor of car accessories has joined the group of tenants at the MLP Pruszków II logistics center near Warsaw. The company has leased 10,000 square meters of warehouse space. The transaction was advised by the Knight Frank agency.
  • HB Reavis Poland has signed a lease agreement with Alior Bank SA for 8,300 sqm of office space at Varso Place (Warsaw). The bank will move into Varso Place later in 2025. CMS Poland advised the building owner during the negotiation process.

New appointments

  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.
  • CBRE has named Hristo Karakostov as Head of Advisory & Transactions Office Services Department for Bulgaria, within its Southeast Europe (SEE) office. He succeeds Monika Gajewska, who will continue to lead the Occupier Business Development efforts for the SEE.

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