Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.
Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...
Garbe strengthens its team. Tomáš Hanuš joins the company as Property Manager, bringing with him 25 years of experience in technical operations and property management not only in the Czech Republic but also in Slovakia.
Colliers is announcing that Tewfik Sabongui, current Managing Partner in the Czech Republic, will expand his responsibilities to include being Managing Director of Slovakia. Richard Urvay, Colliers’ current Managing Director in Slovakia will depart the business by the end of April to take up a client-side role.
CTP has reached another milestone in 2023, increasing its total lettable area in Czech Republic to over 4 million sqm. With a 27% share of the Czech market, it remains the largest player in the industrial real estate sector. Occupancy across CTParks remains high at 97%, confirming the continued demand for modern and energy ef...
CPI Property Group (CPIPG) has sold a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties.
According to Savills research, Q1 2024 real estate investment volumes in the Czech Republic are forecast to reach approximately €350 million and European real estate investment volumes approx. €34 billion. Savills forecasts that year end investment volumes for the Czech Republic will exceed €1.5 billion and for Europe €177-18...
Regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high quality, office space outside of Prague. This finding comes from the latest survey by Colliers. According to the market research, net realized demand in Brno grew by 43% year-on-year, while in...
Drees & Sommer appoints Zdeněk Kovář as Managing Director for the Czech Republic. In his new role, Zdeněk will focus on increasing awareness of the company and its service portfolio in the Czech market. He will also combine local market knowledge with the firm's strong presence in Germany and Austria and accelerate the develo...
P3 Group S.à r.l. has today released its condensed consolidated interim financial results for the year 2023, reporting another period of robust operational and financial performance.
The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with pot...
Port7, Skanska’s newest and largest administrative project in the Czech Republic, has achieved the prestigious LEED Platinum certification in the latest v4 version. According to available information, the project has obtained the highest rating of all commercial projects built in the Czech Republic last year.
CTP has signed three key ten-year leases in its most sustainable industrial park near Prague, comprising more than 60% of a new 32,000 sqm building that will be delivered by the end of Q2 2024 at CTPark Prague North. The park will welcome Memodo, Fulfillment.cz and the Albert retail chain this year, confirming the increasingl...
S Immo AG has signed a letter of intent for the purchase of a further portfolio from its majority shareholder CPI. The portfolio consists of office and retail buildings with a gross lettable area of around 134,600 m².
Vig Fund a.s. successfully agreed three new leases for tenants in the Life_Building C, located in Brumlovka, which is currently nearing 90% occupancy. The new occupants include the technology startup NFCtron Pay a.s., fitness club Form Factory s.r.o., and refreshment operator 23 group, s.r.o. The Life building underwent a com...
Investment volumes in Central and Eastern Europe (CEE-6) fell by around 52% to €5.1bn in 2023, reaching a ten-year low. Higher borrowing costs and the price gap between buyers' and sellers' expectations are are some of the reasons why transaction volumes are significantly below the 10-year average level of ca. €10 billion. Do...
Rezidence Klíčov, a current major SHD Real Estate residential project in Prague, is moving into the construction phase. At the same time, the developer is opening sales for this hotly anticipated residential community in Vysočany, Prague 9, expected to be completed next year.
CTP has signed a lease agreement with PKV Build for 3,000 sqm of new office space which is currently being built by CTP at its premium Vlněna office complex in Brno.
pbb Deutsche Pfandbriefbank is providing two logistics real estate players with financing totaling EUR 95 million. Garbe has been granted a €62 million credit line for a development at Leipzig Airport, while Amesbury has obtained €33 million for the refinancing of two parks in the Czech Republic.