M7 Real Estate has recently sold three assets, Innovations Business Park in Budapest, Hungary and Sanitas Industrial Park and Uhrineves Industrial Park both located in Prague, Czech Republic, for a total of circa €24 million, delivering investors a strong increase in value.

Cushman & Wakefield has become the manager of three buildings of TRIUVA, a PATRIZIA company, including the Five office centre in Smíchov, Wenceslas Square 9 and Lindner Hotel Prague, as well as the new acquisitions of funds managed by Amundi Immobilier Paris and Amundi Czech Republic - Praha City Center in Prague 1 and the Polygon House in Pankrác.

JLL has appointed David Vais as head of its Industrial Agency in the Czech Republic. Vais joins JLL from CTP Invest, where he worked for over 4 years as Senior Business Development Manager for the Czech and Slovak Republics.

Skanska is commencing the construction of its Parkview office building, designed by architectural studio Richard Meier & Partners. The nine-storey building, that will offer nearly 16,000 sqm of office space is scheduled for completion in Q1 2020.

Accolade Group will invest €8.6 million in the construction of a new industrial park near Zdice, right at exit 28 from the D5 motorway from Prague to Plzeň. The project will offer 12,100 sqm of leasable space and might start operating by 2020 or earlier.

Ikea will open a new pop-up store on Wenceslas Square in Prague’s heart on 20 September. The 800 sqm shop will focus on showing customers a range of options they have for their living rooms.

Jana Vlková has recently been promoted to the position of Director of Business Development at Colliers International in Prague. Jana will focus on identifying and securing all types of business opportunities that Colliers Czech can offer to its clients. These services, to mention a few, will include and cover supporting Office Agency, Workplace Consultancy, Project Management and Design and Fit Out works services. Jana will continue to work with her existing and future clients by providing turnkey solutions and services at the highest professional level.

Prologis has begun construction of a new 38,620 square meter facility at its fast-expanding Prologis Park Prague-Airport.

New research from Colliers International and Hotelschool The Hague reveals that despite many countries recently introducing legislation to restrict the use of Airbnb, the hospitality service continues to grow in five main European cities – London, Amsterdam, Berlin, Madrid and Paris.

One of the most active developers of Prague’s office market is ready to embrace the digital transformation and is actively looking at new projects and new locations. Alexandra Tomášková, Managing Director of Skanska Property Czech Republic talked to Property Forum about changing tenant needs, digitisation and market expectations.