ARTICLES LABELLED WITH TAG Prague

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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News Investika real estate fund buys Prague shopping centre
24
Oct
2019

Investika real estate fund buys Prague shopping centre

by Property Forum
The open real estate fund Investika purchased the Galerie Butovice shopping centre located in the popular office area Nové Butovice in Prague 5. CBRE advised Investika on the acquisition.
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News Flow East buys Prague Old Town building
24
Oct
2019

Flow East buys Prague Old Town building

by Property Forum
Flow East, a Czech-based developer which specialises in the high-quality renovations of premium historical buildings, has purchased the historical Dům V Templu building located in the Old Town (Staré Město) of Prague.
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News South Korean investors buy logistics facility in Prague
21
Oct
2019

South Korean investors buy logistics facility in Prague

by Property Forum
Roebuck Asset Management has acquired a logistics warehouse in Dobroviz, Prague, on behalf of a South Korean institutional investor. International real estate advisor Savills advised the buyer.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.

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