ARTICLES LABELLED WITH TAG Prague

18
Jan
2021

New retail brands continue to enter the Czech market

by Property Forum
Although the retail segment is among those affected the most by the coronavirus crisis, this does not show in the number of brands newly incoming to the Czech market. Whereas 24 new brands came to the country in 2019, in the crisis year 2020 there were 25. This year, the number of newcomer brands could be even higher – some brands postponed opening their shops to 2021 due to the corona crisis., according to a report by Cushman & Wakefield.
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15
Jan
2021

Skanska sells Prague office building to Deka Immobilien

by Property Forum
Skanska has sold the Parkview office building in Prague to Deka Immobilien for €77 million. This is the second transaction between both parties in the last twelve months, which follows the acquisition of Generation Park Z in Warsaw last year.
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14
Jan
2021

Crestyl to issue bonds to finance Prague mixed-use project

by Property Forum
Local developer Crestyl, through its subsidiary Savarin p.l.c., is issuing five-year zero-coupon bonds with a total nominal value of €84 million (CZK 2.2 billion) this week, with the possibility of increasing to CZK 3.3 billion. The purpose of the issue is to finance the Savarin project, which is being developed in the vicinity of Prague's Wenceslas Square and Na Příkopě Street. The multi-purpose complex also includes space for the installation of Alfons Mucha’s Slav Epic. The issue was prepared by J&T Banka and the bonds are also traded on the regulated market of the Prague Stock Exchange.
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05
Jan
2021

Sekyra Group to launch new mixed-use project in Prague

by Property Forum
Czech developer Sekyra Group plans to launch the construction of the Rohan City development project in Q1 2021, lidovky.cz reports.
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21
Dec
2020

J&T Banka acquires Prague HQ for CZK 2 billion

by Property Forum
J&T Banka has acquired the eight-story Rustonka office complex in Prague 8 from Gramexo, which is part of a group of companies affiliated with the J&T Group, for €80 million (CZK 2.1 billion).
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17
Dec
2020

Penta Real Estate sells Prague office buildings to ČMN and CFHG

by Property Forum
Penta Real Estate has sold the Churchill Square office complex near Prague’s main railway station for more than €150 million (CZK 4 billion) to Českomoravská Nemovitostní and Corporate Finance House Group. This is the largest office transaction on the Czech investment market this year. The acquisition was financed by German bank Helaba.
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14
Dec
2020

Prague city logistics asset welcomes new owner

by Property Forum
City Park Hostivař in Prague 10 has been acquired by a Western European investment company, represented by BNP Paribas Real Estate. The name of the buyer and the purchase price has not been disclosed.
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03
Dec
2020

Average Prague apartment now costs 14 annual salaries

by Property Forum
The availability of housing in Prague has slightly improved this year, but it is still incomparably worse than in the surrounding metropolises. The inhabitants of Prague have to work 13.9 years for an average 70 sqm apartment. In Vienna, for example, such a purchase only cost 8.7 annual salaries. Compared to last year, a slight improvement was registered in 2020, but the effect of the coronavirus crisis has not yet been reflected in wage statistics, according to Czech residential developer Central Group.
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30
Nov
2020

Generali Real Estate completes Prague office acquisition

by Property Forum
Generali Real Estate S.p.A. has completed the acquisition of International Business Centre (IBC), an office building in Prague, from Mint Investments, on behalf of the pan-European “Generali Real Estate Core Plus” fund managed by Generali Real Estate S.p.A Società di gestione del risparmio.
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19
Nov
2020

Prague mixed-use development gets certified under BREEAM

by Property Forum
The Flow Building, Flow East’s development on Wenceslas Square, has become the first building in the Czech Republic to achieve a BREEAM “Outstanding” rating – the highest possible rating – under the latest assessment scheme version.
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Latest news


New leases

  • Primark has signed a lease agreement to open a store in the Silesia City Center shopping mall in Katowice, owned by ECE Polska, in 2023.
  • Engineering plastics producer Terez Performance Polymers has leased more than 5,000 sqm of warehousing space at 7R City Flex Rzeszów Airport. The tenant was advised for this transaction by Savills.
  • Qatar Airways extended a 1,700 sqm office lease at the Epsilon building of the Promenady Business Park complex in Wrocław. The building’s owner was advised by Knight Frank.

New appointments

  • Tomasz Czuba joins the Management Board of JLL Poland and is appointed Head of Office Agency and Tenant Representation.
  • JLL Poland has appointed Tomasz Puch to the Management Board, who will also take on the role of Head of Capital Markets in Poland.
  • Savills has appointed Jana Etrych Goldscheidová from February 2021 as an Associate Director within the investment department. Based in the Prague office, Jana will work alongside Managing Director and Head of Investment, Stuart Jordan.


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