ARTICLES LABELLED WITH TAG Prague

News Almost no vacant industrial space left in Prague
26
Oct
2017

Almost no vacant industrial space left in Prague

by Import Sys
At the end of Q3 2017, the vacancy rate in the Czech industrial market reached 3.6%. Vacancy in Prague fell below the country average to the level of 2.8%. The Industrial Research Forum has released the final industrial market figures for Q3 2017.
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News New office developments are reshaping CEE capitals
26
Oct
2017

New office developments are reshaping CEE capitals

by Import Sys
The office markets of Central European capitals are growing dynamically with the number of new leases on the rise and vacancy rates hitting record lows in several cities. In light of all this it is no surprise that development activity is also heating up on the most popular markets of the region.
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News Commerz Real sells 50% of Prague mall to Unibail-Rodamco
25
Oct
2017

Commerz Real sells 50% of Prague mall to Unibail-Rodamco

by Import Sys
Commerz Real has founded a joint venture together with Unibail-Rodamco for the Prague shopping centre Metropole Zlicin, which has until recently been fully owned by its open-ended real estate fund hausInvest. To this end it has sold 50 per cent of its shares in the property company to Unibail-Rodamco. It was agreed that confidentiality be maintained on the purchase price. Unibail-Rodamco will be assuming the asset and property management for the centre.
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News New investor enters the Czech market
19
Oct
2017

New investor enters the Czech market

by Import Sys
ICP Capital Partners has entered the Czech investment market with the acquisition of Na Rybníčku office building from an Irish private investor. The purchase price is believed to be approximately €5 million (CZK 130 million).
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News Corpus Sireo acquires Prague office building
17
Oct
2017

Corpus Sireo acquires Prague office building

by Import Sys
Corpus Sireo Real Estate has acquired the Oasis Florenc office property in Prague from an international investor. The purchased asset is located near the Vltava river and will now be included in the pan-European DEREIF SICAV-FIS fund. The parties agreed not to disclose the purchase price.
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News CBRE becomes PM of Qubix in Prague
17
Oct
2017

CBRE becomes PM of Qubix in Prague

by Import Sys
CBRE won the tender from REICO IS ČS for managing the 13,800 sqm Qubix office building, located in Prague 4, which is certified according to the LEED Platinum methodology.
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News Booming tourism drives CEE hotel markets
12
Oct
2017

Booming tourism drives CEE hotel markets

by Ákos Budai
The total transaction volume on the CEE hotel investment market increased to €700 million in the first half of 2017 from the €630 million transacted in H1 2016. This represents a yearly growth of 11 percent which is significantly larger than the 0.3 percent growth registered in the western part of Europe. High yields, booming tourism and strong economic growth are the main reasons behind growing interest in the hotel markets of Central and Eastern European capitals on the behalf of international investors.
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News Neinver to open Prague outlet centre in April 2018
11
Oct
2017

Neinver to open Prague outlet centre in April 2018

by Import Sys
Neinver, a Spanish company specialised in investment, development and management of property assets, has announced the opening date for Prague The Style Outlets, located in the capital of the Czech Republic. A joint project between The Prague Outlet and Neinver, Prague The Style Outlets will open its doors in 26 April 2018.
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News BMO REP acquires Prague department store
11
Oct
2017

BMO REP acquires Prague department store

by Import Sys
BMO Real Estate Partners announced the purchase of a high end department store in Prague, which is occupied by Van Graaf, on behalf of its pan-European retail property investment fund. BMO Real Estate Partners acquired the building from MTK Developments, a Vienna-based European real estate firm specialising in value-add investments.
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News New speculative development at Prologis Park Prague-Airport
05
Oct
2017

New speculative development at Prologis Park Prague-Airport

by Import Sys
Prologis has begun construction of a new 14,477 sqm speculative facility at Prologis Park Prague-Airport. The expected completion is for the first quarter of 2018.
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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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