ARTICLES LABELLED WITH TAG Prague

News Star Capital buys Prague office complex
04
Jan
2020

Star Capital buys Prague office complex

by Property Forum
Star Capital Investments has acquired Lighthouse Towers, a Class A office building in Prague 7’s thriving Holešovice district. The seller was Deka Immobilien. The property comprises two stand-alone buildings joined at the underground parking level, where 360 parking spaces are provided.
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News Prague’s office market slows down but there’s room for further growth
17
Dec
2019

Prague’s office market slows down but there’s room for further growth

by Property Forum
In Q3 2019, the total office stock in Prague reached 3.59 million sqm, according to Colliers International. Completions include two new and one refurbished property: Dock In Three in Prague 8 (16,000 sqm), Argentinská Office Building in Prague 7 (5,800 sqm) and the refurbished Life Building C in Prague 4 (11,100 sqm).
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News Prologis builds speculatively in Prague
17
Dec
2019

Prologis builds speculatively in Prague

by Property Forum
Prologis has started the development of a 21,000 square meter speculative facility at the fully occupied Prologis Park Prague-Uzice in the Czech Republic. The facility will be completed in Q2 2020 and it will offer flexible space solutions for all types of business – logistics/storage or production, with unit sizes starting at 4,500 square meters. It has further development potential for up to another 42,000 square meters.
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News Office take-up in Prague set to fall in 2019
04
Dec
2019

Office take-up in Prague set to fall in 2019

by Property Forum
European office take-up is forecast to reach 9.2 million sqm by the end of 2019, down 4% from 2018’s end-year volume. Prague is expected to exceed that decline, with take-up predicted to fall by 22% to 400,000 sqm as demand for office space in the Czech capital continues the downward trend that began in Q2, according to the latest Savills research.
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News Flow East tops out Prague mixed-use development
03
Dec
2019

Flow East tops out Prague mixed-use development

by Property Forum
Flow East announced the topping out of its landmark project being constructed on Wenceslas Square (Václavské náměstí) as contractor Metrostav placed the last beam atop the structure.
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News WOOD & Company buys Prague office building
03
Dec
2019

WOOD & Company buys Prague office building

by Property Forum
The Greenline office building, located in the heart of the Prague 4 business district, has been purchased by WOOD & Company from property developer Karimpol International. WOOD & Company’s real estate funds invest in commercial real estate (office buildings and shopping centres), and are among the best-performing funds in the market. With the acquisition of The Greenline, the market value of the fund's assets has exceeded €500 million.
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News Czech-based investors’ purchasing power continues to grow
03
Dec
2019

Czech-based investors’ purchasing power continues to grow

by Property Forum
The market value of office buildings in the Czech Republic and in Prague, in particular, has continued growing as a result of steady demand and insufficient supply. Yields from premium office schemes in Prague currently range around 4.3 percent. Aggregate investments in commercial properties in the Czech Republic for the first three quarters of 2019 amounted to €2.5 billion (almost CZK 64 billion), according to Cushman & Wakefield.
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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 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 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

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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