ARTICLES LABELLED WITH TAG Prague

News American investments in Czech CRE total €321 million in 2022
15
Mar
2023

American investments in Czech CRE total €321 million in 2022

by Property Forum
According to Savills latest research, pricing levels are increasingly attracting North American investors to European real estate. In 2022, North Americans invested more than Europeans cross the border, €48 billion compared to €36.6 billion, which is 31% above the five-year average for the former. In the Czech Republic, investors from North America spent €321 million in 2022 (40% above the five-year average), while European buyers (excluding domestic capital) acquired assets worth €459 million.
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News UBM Development Czechia to certify all resi projects
15
Mar
2023

UBM Development Czechia to certify all resi projects

by Property Forum
UBM Development Czechia is implementing all its current residential projects with BREEAM certifications. This is an ecological certification that confirms the standard of buildings in terms of sustainability and environmental friendliness. With BREEAM certification, UBM is currently building the Arcus City residential complex in the Prague-Reporyje district and the Astrid Garden residential project in Holešovice, Prague 7.
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News Rental housing in the Czech Republic to gain further momentum
10
Mar
2023

Rental housing in the Czech Republic to gain further momentum

by Vera Tumova
Tomáš Pardubický, CEO of Czech residential development company FINEP has talked to Property Forum about the necessary transformation of the real estate market and shared plans about the company’s expansion in the build-to-rent segment.
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News Prague sees lowest number of flats sold in 10 years
09
Mar
2023

Prague sees lowest number of flats sold in 10 years

by Property Forum
Prague's residential market in 2022 has seen the lowest number of flats sold in the last 10 years. The residential market is slowing down further, but prices of new builds are not falling, JLL said in its latest report.
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News Zeitgeist AM to manage residential project in Prague
09
Mar
2023

Zeitgeist AM to manage residential project in Prague

by Property Forum
Last summer, Invesco Real Estate bought the Delta building, one of the phases of its multifunctional Hagibor project, from developer group Crestyl. The building is to include a total of 165 flats in layouts ranging from 1+kk to 4+kk for rental housing purposes. Construction started in Q4 of last year and is scheduled for completion in Q3 2024. Zeitgeist Asset Management will take care of the complete management of the project during construction, as well as the subsequent leasing and management of the apartments, the company announced.
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News Lithuanian investors buy Prague hotel for co-living project
06
Mar
2023

Lithuanian investors buy Prague hotel for co-living project

by Property Forum
Lithuanian investors Baltic Asset Management and Hanner have acquired a hotel in Prague to convert it into a co-living project called Youston. The total investment is estimated at €14 million, Hanner, the financial partner of the project, confirmed to Property Forum.
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News Demand for Prague office space is rising
15
Feb
2023

Demand for Prague office space is rising

by Property Forum
As for the whole of 2022, the annual new supply of office space represents approximately 75,400 sqm. Although the annual supply of newly-completed space increased by 34% year-on-year, total volume was again below the long-term average of approximately 130,000 sqm per year. 2023 is expected to bring about some changes and more extensive construction. This means the Prague office market should grow to the 4 million sqm mark by 2025. Also at the close of 2022, several consecutive quarters of rent price growth came to a halt. These findings come from a survey by Colliers.
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News Victoria's Secret enters the Czech market
06
Feb
2023

Victoria's Secret enters the Czech market

by Property Forum
Victoria's Secret's first "real" Czech store - so far an outlet has only operated at Prague's airport - is to open in Prague’s Westfield Chodov shopping centre in May this year, Cushman & Wakefield announced.
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News YIT approves new residential project in Prague 8
02
Feb
2023

YIT approves new residential project in Prague 8

by Property Forum
YIT has completed the Koti Libeň residential project in Prague 8, which includes 140 apartments, two studios and one commercial space. The last apartment is currently available for purchase. YIT announced that new residents will be able to move in in the second quarter of this year.
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News Passerinvest secures pre-leases for Prague office project
02
Feb
2023

Passerinvest secures pre-leases for Prague office project

by Property Forum
The Roztyly Plaza office building in Prague 11 has progressed to the above-ground construction phase. Completion is planned for 2024, yet more than half of the offices are already leased, developer Passerinvest announced.
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Latest news


New leases

  • Iulius Mall Suceava has attracted a raft of new tenants. LPP will inaugurate a 2,000 sqm Reserved store in October. German retailer New Yorker will open a 1,400 sqm unit, while TEDi discounter will open a 900 sqm store in the project owned by Iulius.
  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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