ARTICLES LABELLED WITH TAG Prague

News BNP Paribas Real Estate announces promotion in Prague
27
Apr
2018

BNP Paribas Real Estate announces promotion in Prague

by Import Sys
Marek Pohl assumed the role of Head of the Valuation Department at BNP Paribas Real Estate in Prague, thus obtaining a promotion from the position of Senior Property Valuer.
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News Czech Republic needs to get ready for a more digitised marketplace
26
Apr
2018

Czech Republic needs to get ready for a more digitised marketplace

by Ákos Budai
Although the Czech property investment market continues to boom, it is likely that the total investment volume for 2018 will be lower than it was in 2017. Omar Sattar MRICS, Managing Director of Colliers International Czech Republic shared his predictions for the future of the Czech investment market.
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News Not the strongest Q1 for Prague’s office market
26
Apr
2018

Not the strongest Q1 for Prague’s office market

by Import Sys
Gross take-up (including renegotiations and subleases) on the Prague office market in the first quarter of 2018 amounted to 85,700 sqm, representing a decrease of 51% compared to the previous quarter and a decrease of 19% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q1 2018.
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News Prague office building sold for €9.5 million
23
Apr
2018

Prague office building sold for €9.5 million

by Import Sys
JLL helped with the sale of an office building in Chodov, Prague. The project on Roztylská with an area of over 9,000 sqm was sold at the purchase price of €9.47 million (CZK 240 million). The seller was PSN and the buyer was Vinton Development s.r.o. It is the largest transaction ever provided by S&MI (Small & Medium Investments) department under the leadership of Pavol Bak. 
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News JLL to lease office building in Prague’s Holešovice
23
Apr
2018

JLL to lease office building in Prague’s Holešovice

by Import Sys
JLL's Office Agency has obtained an exclusive mandate to lease Argentinská Office Building owned by SUDOP Invest in Prague 7. A lucrative office building of almost 10,000 sqm is due to be built in the second quarter of 2019 and offers its potential tenants over 6,000 sqm of offices in 7 floors.
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News Proptech is not just about buildings but about getting clients
19
Apr
2018

Proptech is not just about buildings but about getting clients

by Ákos Budai
Just because technology can do something does it necessarily mean that we want it to? This was just one of the many topics that Czech professionals discussed at the latest RICS event in Prague which analysed the rapidly evolving relationship of property and technology.
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News Coworking is taking the Czech market by storm
18
Apr
2018

Coworking is taking the Czech market by storm

by Import Sys
The area of shared offices in Prague will grow by 66% year-on-year. At the end of 2017 the total area was 16,500 sqm, and in 2018 it will increase to 27,500 sqm as the market delivers 11,000 sqm. The majority of these centres have been pre-leased. Shared offices are used in the regions as well. There are 76 coworking centres across the Czech Republic with a total area in excess of 25,000 sqm. According to Cushman & Wakefield’s estimates, the current area of shared offices will double by 2020.
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News C&W launches new platform in CEE
05
Apr
2018

C&W launches new platform in CEE

by Import Sys
Cushman & Wakefield is expanding its Project & Development Services (PDS) team, to include a new C&W Design + Build platform. In Central and Eastern Europe (CEE), the new service will be headed by Glyn Evans, based in Prague.
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News Rising prices on Prague’s residential market
18
Mar
2018

Rising prices on Prague’s residential market

by Import Sys
New projects are building up slowly, the number of commenced constructions are declining and high demand remains. At the end of last year, approximately 8,100 units were under construction in Prague. This is the lowest result since 2014. The total number of completions reached 6,176 apartments which is 5% below 2016 levels. 2018 will most probably not bring a major change, rather the opposite. In 2018, the construction of around 3,800 new flats will commence, the lowest figure since 2009. About 5,000 units will be completed, marking a significant decline compared to 2017.
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News Prague to see new hotel conversions
18
Mar
2018

Prague to see new hotel conversions

by Import Sys
The Czech hospitality market has been achieving above-average performance rates thanks to a steadily growing number of tourists. This has had a positive effect on hospitality properties whose yields ranging between 6% and 7% are noticeably higher than the yields in other commercial sectors, specifically retail, office and industrial. They are also attractive with rents guaranteed for a long time. As a result, converting office space into hospitality facilities is becoming a frequent choice among both domestic and international investors. Czech operators can compete with foreign ones quite capably and tend to be the preferred choice for hotel owners. Just about 14% of the local market operators are international brands.
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Latest news


New leases

  • LCP Properties has finalised two further leases for M Park Pionki. The CCC shoe shop will occupy 400 sqm in the building, while the area of the Xtreme Fitness gym will reach 600 sqm.
  • Two more companies have become tenants of Diuna, part of the Warsaw office portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo about 500 sqm in the complex on Taśmowa Street. In addition, WDX has extended its lease for nearly 500 sqm of space.
  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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