ARTICLES LABELLED WITH TAG Prague

News CTP starts €35 million BTS development in Prague
04
Apr
2017

CTP starts €35 million BTS development in Prague

by Ákos Budai
CTP Invest has signed a lease agreement with MAKRO Cash & Carry ČR, for approx. 53,000 sqm of warehouse and office space at CTPark Prague North. The transaction ranks among the biggest deals recently concluded on the Czech industrial market. Total investment by CTP is planned to reach approximately €35 million.
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News Prologis Park Prague-Airport building fully leased
31
Mar
2017

Prologis Park Prague-Airport building fully leased

by Ákos Budai
Prologis announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.
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News Prague ranks as hottest spot for CEE hotel investments
31
Mar
2017

Prague ranks as hottest spot for CEE hotel investments

by Ákos Budai
Paris claimed top spot in Colliers International’s Hotel Investment Attractiveness Index, an analysis of the investment climate of 20 European cities, despite predictions that investors and tourists would lose faith in the city due to political uncertainty and the perceived threat following various national security breaches. Prague was ranked in 10th place in the index, boosted by the low level of development costs and high number of tourist arrivals.
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News Hotel revenues grow strongly in Budapest and Prague
23
Mar
2017

Hotel revenues grow strongly in Budapest and Prague

by Ákos Budai
Resilient European economies, the continued popularity of Mediterranean leisure destinations and Europe’s importance for business travellers, should drive hotel occupancy and revenues in 2017, according to the latest PwC European Cities Hotel Forecast. Most European cities, including Budapest and Prague, are expected to see additional revenue growth in 2018.
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News Redstone Real Estate buys Prague office building
20
Mar
2017

Redstone Real Estate buys Prague office building

by Ákos Budai
Spanish investment fund, Azora Europa l, has sold Galleries Louvre, their prime office property in Prague 5, to Redstone Real Estate, a private equity platform. The counterparties agreed not to disclose the price. The property is a mid-sized office building offering approximately 4,800 sqm of prime administrative space and is fully and long-term let.  
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News Skanska buys land for €31 million in Prague
09
Mar
2017

Skanska buys land for €31 million in Prague

by Ákos Budai
Skanska has acquired land in Prague, Czech Republic, from Codeco UK. The total investment amounts to CZK841 million (app. €31.1 million).
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News Commerz Real acquires historical bank building in Prague
08
Mar
2017

Commerz Real acquires historical bank building in Prague

by Ákos Budai
Commerz Real, a subsidiary of Commerzbank, has purchased a historical office building, " Na příkopě 33" in the centre of Prague for its open-ended real estate fund HausInvest. The seller is Komerční banka, a subsidiary of Société Générale. The transaction price has not been disclosed.
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News P3 completes two buildings at P3 Prague D11
27
Feb
2017

P3 completes two buildings at P3 Prague D11

by Ákos Budai
P3 has completed the first two warehouses at P3 Prague D11, developed partly on a Build-to-Suit basis for Exiteria and FM Logistic, comprising a total of 60,000 sqm. The warehouses are among the largest buildings planned for the park and account for over a third of its total size.  The rest of the site can accommodate eight further warehouses ranging from 3,000 sqm to 26,000 sqm. After completion, P3 Prague D11 will provide a total of 155,000 sqm.
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News Skanska to start new Prague development
17
Feb
2017

Skanska to start new Prague development

by Ákos Budai
Skanska Property Czech Republic is expanding its portfolio by completing the acquisition of a plot with a former car repair shop from M2 Real Estate Group, located in the Karlín area of Prague. Skanska plans to build a modern office building called Praga Studios on the property.
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News Peakside Capital buys Prague office building
17
Feb
2017

Peakside Capital buys Prague office building

by Ákos Budai
Peakside Capital has completed the acquisition of Argo Alpha, a Prague office building comprising 12,600 sqm of GLA. The transaction price has not been disclosed. 
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Latest news


New leases

  • Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
  • Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.
  • In the Go! Park Handlowy in Jasło, Poland, Dealz will open its shop. The chain's premises will occupy 520 sqm. The retail park is scheduled to open in June 2023.

New appointments

  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.


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