ARTICLES LABELLED WITH TAG red-group
24
Aug
2022
Aug
2022
Crestyl to build 170 flats in Prague 5
Another Prague brownfield will be turned into a residential project. Development group Crestyl will be building on the site of the former Waltrovka in Prague's Radlice district. The plan is to build a total of 170 flats for CZK 1.5 billion (almost €61 million) on the land, which the company bought with a zoning permit from the Red Group at the turn of this year. Preliminary construction work on the Semerínka project should start at the turn of the year and the entire project is scheduled to be completed within three years.
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07
Mar
2022
Mar
2022
Crestyl expands resi portfolio by acquisition in Prague 5
At the turn of the year, property development and investment company Crestyl bought a residential housing project in Prague Radlice, in the vicinity of Radlická Street, from developer Red Group. The project in Prague 5, which has already been granted planning permission, will include over 150 apartments. The price of the transaction was not disclosed and the investment was made without the involvement of bank financing, Crestyl said.
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23
Feb
2022
Feb
2022
Crestyl expands portfolio by resi scheme in Prague
Red Group has sold most of its residential project in Prague 5 to development company Crestyl. It retained only one apartment building out of five buildings. The project should include a total of 200 housing units, ThePrime reports. The value of the acquisition and other plans of the new owner are not yet known.
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Latest news
- Amazon to develop 200,000 sqm robotic fulfilment centre in Lower Silesia
- Globalworth reaches 60% pre-lease for new office in Bucharest
- Nearly half of Romanian companies expect 3-4 office days this year
- AFI starts construction of 519-unit rental project in Prague
- Polish housing market faces M&A wave
- Kraków office take-up hits record in 2025
- Apsys starts two resi projects in central Wrocław
- Mattel signs lease for new logistics centre in Panattoni Business Park Most Joseph
- Panattoni to develop 38,000 sqm warehouse for Sellpy in Wrocław
- Revetas Capital starts new logistics building at Sofia Airport Center
New leases
- Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.
- Intersport is set to expand its Romanian footprint by opening its largest store within the Iulius network at the Rivus urban regeneration project, which is under development in Cluj. Spanning more than 1,000 sqm, the new location will serve as a flagship store.
- HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.
New appointments
- PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
- iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
- Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
