ARTICLES LABELLED WITH TAG Prague

News J&T sells new Red Court office centre in Prague 8
14
Jun
2022

J&T sells new Red Court office centre in Prague 8

by Property Forum
Less than a year before completion, developer J&T Real Estate CZ is selling its Red Court office centre in Prague's Karlín district. BlackBird Real Estate will become the new owner immediately after approval, the online daily Seznamzpravy.cz reported about the transaction.
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News Zeitraum opens second building with serviced apartments in Prague
13
Jun
2022

Zeitraum opens second building with serviced apartments in Prague

by Property Forum
The second full-service apartment building with fully furnished apartments is being opened in Prague for short- and long-term living by Zeitraum, a leading operator of serviced apartments in Central-Eastern Europe.
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News Crestyl sells part of Hagibor resi project in Prague
10
Jun
2022

Crestyl sells part of Hagibor resi project in Prague

by Property Forum
A part of the Prague-based residential project Hagibor, which is being built by Crestyl Group, is now owned by Invesco Real Estate. The acquisition concerns the third phase of the residential part of the project, namely the Delta building, which is already under construction and is to be used for rental housing in the future. The price of the transaction, which was reported by the daily E15, was not published.
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News YIT launches new project Happi Milánská in Prague 15
09
Jun
2022

YIT launches new project Happi Milánská in Prague 15

by Property Forum
YIT has started construction of the Happi Milánská project in Prague's Horní Měcholupy and has put 72 new Finnish-style apartments of up to 99 sqm on sale. The residential building with access to both the countryside and the city centre will also include three commercial spaces. The developer plans completion in spring 2024.
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News Office demand in Prague is now at pre-pandemic levels
07
Jun
2022

Office demand in Prague is now at pre-pandemic levels

by Property Forum
The Prague office market in Q1 2022 experienced a further increase in vacancy, across the entire city. However, gross take-up recorded a year-on-year increase of 44% and thus returned to pre-pandemic levels. The increase in prices throughout the city is still felt especially in construction projects, mainly due to rising costs for materials and construction work, reports the Czech branch of Colliers in their regular survey.
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News Czechs complete 34,581 flats in 2021, numbers to fall
07
Jun
2022

Czechs complete 34,581 flats in 2021, numbers to fall

by Property Forum
The number of completed flats in the Czech Republic increased in the year 2021 by half a percent. A total of 34,581 flats were completed last year. However, the rising figures are due to extensions, while the number of flats completed in detached and apartment buildings fell. In the future, according to statisticians, it can be assumed that new construction will decline for many reasons, writes the Czech News Agency (ČTK) based on the statistics published today by the Czech Statistical Office (CSO).
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News Office demand in Prague rises by 44% in Q1 2022
03
Jun
2022

Office demand in Prague rises by 44% in Q1 2022

by Property Forum
The demand for office space in Prague increased by 29% quarter-on-quarter for the first quarter of 2021 and by 44% year-on-year. Although the largest transactions of the quarter were lease renegotiations – including Seznam.cz (14,800 sqm) in Palác Křižík in Prague 5 or MSD Czech Republic (6,800 sqm) in Riverview in Prague 5 – the share of newly leased space increased to 58%. The increase in newly leased and pre-leased space indicates confidence and healthy growth of the Prague office market. Despite the fact that leasing activity posted record numbers, the vacancy rate rose by 60 basis points quarter-on-quarter to 8.4%. JLL recorded an increase in vacancy rates in almost all Prague districts, as announced in the last report.
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News Investors have to watch out for more factors now than ever
01
Jun
2022

Investors have to watch out for more factors now than ever

by Tumova Vera
Geopolitical and economic challenges are not leaving the commercial real estate market unaffected. But how will these major global changes impact the Czech investment market in 2022? This is the question an expert panel, moderated by Mark Richardson (Colliers), at Prague Property Forum 2022 tried to answer.
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News Czechs are warming up to cooperative housing
27
May
2022

Czechs are warming up to cooperative housing

by Property Forum
Czechs are still afraid of cooperative housing. It is the preferred form of ownership for only 3% of those who plan to buy a flat or house, while 13% do not even consider it when buying a property. However, due to the rise in mortgage rates and property prices, cooperative housing is more affordable and thus 22% of respondents have recently improved their opinion on it, according to a survey by Komerční banka and Modrá pyramida, a building society.
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News Prague wants to build cooperative flats, but councillors disagree
26
May
2022

Prague wants to build cooperative flats, but councillors disagree

by Property Forum
The City of Prague wants to build cooperative flats where the city could continue to rent out one-third of the flats. However, the councillors disagree on the conditions under which the entire project should be implemented in Prague 5. If they agree and construction begins, the project would offer cooperatives favourable conditions for financing housing without a mortgage and cheaper prices for construction by the developer. The councillors are now trying to find a compromise to get the project off the ground, reports Seznamzprávy.cz.
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Latest news


New leases

  • ROCKWOOL is expanding its office space in the Nowy Rynek D building, developed by Skanska in Poznań. In 2020, a competence centre was established on an area of 6,000 sqm. Now, the company has decided to lease additional 900 sqm.
  • Primark has opened the doors of its fourth shop in Poland for the first time in Katowice's Silesia City Center. The store occupies more than 3,600 sqm of retail space.
  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.

New appointments

  • From the beginning of December at BNP Paribas Real Estate Poland, Małgorzata Fibakiewicz will head the Office Department and Justyna Magrzyk-Flemming will take up the position of Head of Business Services.
  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.


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