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» Chronological View: " Czech Republic " «

Bluehouse snaps up Novodvorská Plaza shopping centre in Prague

In a deal marking the company's first transaction in 2019, Bluehouse has acquired Novodvorská Plaza shopping centre in an off-market deal. The shopping centre opened in 2006 to serve a large population of several housing estates in Prague 4 and Prague 12: Lhotka, Kamýk, Modřany and Libuš, which, combined, represent over 150,0...
Wednesday, 16. January 2019

CBRE sells Florenc Office Center in Prague

CBRE has sold the Florenc Office Center, commonly known as the KPMG HQ building on Pobřežní 648/1A in Prague, to Shinhan Investment Corp on behalf of ZFP Investments. The transaction constitutes the first direct real estate investment in the Czech Republic by a Korean investor. The Korean company paid CZK1.3 billion (c. €51 m...
Tuesday, 8. January 2019

Allianz Real Estate acquires first office equity in Prague

Allianz has acquired two office developments in Prague, the firm’s first office equity investments in the country, for a total consideration of approx. €110 million. Allianz has acquired the Trimaran and Element buildings from S+B Gruppe AG. The transaction was carried out by Allianz Real Estate on behalf of several Allianz i...
Thursday, 20. December 2018

Peakside disposes of the Cube in Prague

Peakside Capital has completed the disposal of the Cube office building on Evropská 423/178 in Prague to BPD Development. Built in 1977, the 21,500 sqm, iconic office building was acquired by Peakside in 2016, as part of a CEE separate account vehicle and was the first office investment by Peakside in the country. The asset i...
Wednesday, 19. December 2018

Ideastav acquires Božínka landplot in Prague 5 to build 28 luxury apartments

Ideastav has acquired a plot in Košíře in Prague 5 on Jinonická 766/17 from Premium Imobilien. In the future, there will be a residential project offering 28 luxury apartments with 42 parking spaces for sale. The transaction was provided by SMI (Small and Medium Investment) department under the leadership of Pavol Bak. JLL se...
Tuesday, 11. December 2018

Blackstone backs Värde's new luxury hotel brand with €337m debt financing

Blackstone Real Estate Debt Strategies has provided a €337m loan to a The Dedica Anthology hotel group, a European portfolio of nine luxury hotels located in Italy, France, Hungary and the Czech Republic, owned by Värde Partners. According to JLL the transaction represents one of the largest bond issuances by an alternative d...
Friday, 7. December 2018

Meyer Bergman and HOOPP sell Nova Karolina shopping centre

A joint venture between the Meyer Bergman Fund, Meyer Bergman European Retail Partners I and the Healthcare of Ontario Pension Plan (HOOPP) has sold Nova Karolina shopping centre in Ostrava in the Czech Republic to the country’s largest mutual fund, CS Nemovitostní, managed by REICO. The purchase price was not disclosed.
Thursday, 6. December 2018

Red Group sells Nagano Office Park to Geosan Development

Red Group has sold the Nagano Office Park in Prague to Geosan Development for an undisclosed price. Savills investment acted on behalf of Red Group. Nagano Park is a multi-phased modern business park situated in a commercial area of the Prague 3 district, consisting of four offices and a telecommunication building, comprisin...
Monday, 3. December 2018

Multisport relocates HQ to the Pankrác House in Prague

MultiSport Benefit is to relocate its headquarters to the Pankrác House in Prague. The new MultiSport offices cover 1 200 square meters and can be found in the Pankrác House office building, which is located in the close vicinity of Prague metro station Pražského povstání. CBRE assisted the company in finding suitable new off...
Tuesday, 27. November 2018

Dentons appoints Michal Hink as Czech Republic Managing Partner

Dentons has appointed Michal Hink as Czech Republic Managing Partner, following his unanimous election by partners. His term of office will begin on January 1, 2019 and continue until December 31, 2021. Hink is a partner and Co-Head of the Real Estate practice in Prague. He has 18 years of experience advising on major real es...
Wednesday, 21. November 2018

Deka acquires Czech logistics portfolio for €460 million from CTP

Deka Immobilien GmbH has acquired a logistics portfolio for around €460 million from the CTP Group. The German fund manager is entering into a long-term partnership with CTP for this transaction. The company will manage the parks for ten years.
Friday, 16. November 2018

CPI Property Group unveils plans for shopping mall redevelopments

CPI Property Group has unveiled its new plans and projects at the international retail real estate event MAPIC held at Cannes’ famous Palais des Festivals. The Group’s announced plans include a refurbishment of the Campona shopping centre in Budapest, extensions to shopping malls Královo Pole in Brno and Olympia in Pilsen, an...
Wednesday, 14. November 2018

CBRE appoints Miroslava Misíková as new Head of Marketing

CBRE has appointed Miroslava Misíková as its new Head of Marketing. Her last employer was the telecommunications company Vodafone. Misíková has taken over the agenda and responsibilities linked to CBRE’s Head of Marketing position from Petra Lávičková, who is currently on maternity leave. The main task of the new Head of Mark...
Monday, 12. November 2018

Linkcity and Cromwell partnership complete maiden development

LiNK Hradec Králové, the first in a pipeline of industrial and logistics assets being developed in a strategic partnership between Linkcity Czech Republic, a property development company of Bouygues Construction Group, and Cromwell Property Group, is now operational eight months since construction began in February 2018.
Wednesday, 10. October 2018

Savills Czech Republic strengthens Prague office with two new hires

Savills has made two senior appointments. Martin Schindler is joining the Building and Project Consultancy (BPC) Department as Associate Director and Nicolas Chudyba is joining the Property Management Department as Property and Technical Manager. Both will be based at the firm’s Prague office.
Friday, 5. October 2018

M7 RE sells Budapest and Prague industrial parks for c. €24 million

M7 Real Estate has recently sold three assets on behalf of M7 Central European Real Estate Fund I (M7 CEREF I). The Innovations Business Park in Budapest, as well as the Sanitas Industrial Park and Uhrineves Industrial Park, both located in Prague, were sold for a total of circa €24 million, delivering investors a strong incr...
Tuesday, 25. September 2018

CBRE in Brno appoints Lukáš Novotný as Business Development Director

CBRE has added Lukáš Novotný to its Brno branch. Novotný is joining the company in the position of Business Development Director, coming from the company Herman Miller, where he held positions Regional Business Manager for CEE, International Sales Manager (Los Angeles) and Global Account Manager EMEA.
Monday, 24. September 2018

JLL appoints David Vais to lead Industrial Agency in Prague

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 Republic.
Tuesday, 18. September 2018