ARTICLES LABELLED WITH TAG Knight Frank

News With low construction, what drives Prague's office market?
23
Jan
2024

With low construction, what drives Prague's office market?

by Property Forum
The Prague Research Forum – CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills – has shared an updated Prague office market insight. Figures and data for Q4 2023 have confirmed a cautious approach both from developers and tenants.
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News Melinda Kovács joins Knight Frank Hungary
19
Sep
2023

Melinda Kovács joins Knight Frank Hungary

by Property Forum
Knight Frank Hungary has appointed Melinda Kovács as Associate Director. Specialized in office development and leasing transactions, she has a wide breadth of property knowledge, having gained experience throughout her career by working for international developers such as Skanska and Atenor as well as real estate advisory firms.
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News Demand for flats rises in Prague
18
May
2023

Demand for flats rises in Prague

by Property Forum
The period of stagnation and waiting on the Prague residential market is over. Along with the spring came a revival in the Prague housing market. The demand is rising, and interest in buying and renting is also growing, according to the latest Knight Frank report.
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News Czech investment volume exceeds expectations in Q1 2023
18
Apr
2023

Czech investment volume exceeds expectations in Q1 2023

by Property Forum
During the first quarter of 2023, the volume of investment in commercial real estate exceeded €477 million, a result that far exceeded initial expectations. The reason for these positive figures is a single large transaction into the retail property portfolio, which accounts for the majority of the total quarterly investment volume. This transaction is the reason why most of the funds in the past quarter went to the retail segment. Domestic investors were the most active last quarter, accounting for an unprecedented 87% of the total, according to Knight Frank's analysis of the Czech commercial real estate market.
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News Knight Frank CZ expands portfolio with residential properties
22
Mar
2023

Knight Frank CZ expands portfolio with residential properties

by Property Forum
The Czech branch of Knight Frank is expanding its portfolio of services. Until now, the company has focused on the commercial real estate segment, with the new addition of residential real estate services. The newly established department is headed by Kateřina Poláková, who has extensive experience in sales and marketing management in the residential segment, the company announced.
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News Czech commercial real estate investment market stagnates
12
Jan
2023

Czech commercial real estate investment market stagnates

by Property Forum
The commercial real estate investment market in the Czech Republic is stagnating. Analysts see the year 2023 as a challenging year. However, the market was dominated by domestic capital last year and there is still a mismatch in the expectations of buyers and sellers, according to a Knight Frank report.
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News BAT leases 10,500 sqm in Bucharest's One Cotroceni Park
19
Dec
2022

BAT leases 10,500 sqm in Bucharest's One Cotroceni Park

by Property Forum
Global Business Solutions (GBS), the largest shared services centre of the BAT group that serves BAT subsidiaries at a European and global level, will occupy an area of ​​10,500 sqm in One Cotroceni Park Phase 2. The lease transaction was brokered by Knight Frank Romania. 
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News Fall in interest in Czech industrial space expected
15
Nov
2022

Fall in interest in Czech industrial space expected

by Property Forum
Over one million square metres of industrial space is currently under construction in the Czech Republic. Most of them are pre-leased. New completions reached a record 521,600 sqm, representing the highest-ever volume of new space delivered to the Czech market. This is a 295% increase compared to Q3 2021 and an incredible 340% increase compared to Q2 2022. However, possible pressure on the correction of market rents can be expected. Given the current rent levels, it is already possible to register a declining interest of some of the Czech and foreign companies in leasing industrial space in the Czech Republic, according to the latest Knight Frank report.
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News Prague offices wait for employees to return
08
Nov
2022

Prague offices wait for employees to return

by Property Forum
In Q3 2022, some companies in the Prague office market experienced problems with convincing employees to return to the offices. Therefore, the experts are expecting that the companies will reduce their existing leased space after their leases come to an end. Despite this expectation, 18,200 sqm of modern office space was completed and the premium rents grew and there was a decline in the vacancy rate, says a new Knight Frank report.
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News Prague's prime office rents continue to rise
25
Oct
2022

Prague's prime office rents continue to rise

by Property Forum
Interest in office space in Prague is not slowing down. Office demand is growing by tens of percents year-on-year, the vacancy rate is slightly decreasing and over 190,000 sqm is under construction, according to the latest office market analysis for Q3 2022 by the Prague Research Forum.
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Latest news


New leases

  • IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
  • Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.
  • A new flagship Stay Fit Gym centre will open this summer in the Palas mixed-use complex, owned by Iulius in the center of Iași. The chain currently includes 52 locations and boasts over 60,000 active members.

New appointments

  • CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
  • Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
  • GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.

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