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» Chronological View: " Czech Republic " «

Golden Star buys Prague's Explora Business Centre from Avestus

Avestus Capital Partners has completed the sale of the Explora Business Centre in Nové Butovice in Prague 5 to Golden Star Group for an undisclosed sum. The LEED-certified office building comprises eight above–ground floors and three underground levels with 327 parking spaces on 22,800 sqm. Colliers International and law firm...
Monday, 25. June 2018

David Arneil is Colliers' new Director of Building Consultancy in Prague

Colliers International has appointed David Arneil as their new Director of Building Consultancy in the Czech Republic. Arneil is a Chartered Quantity Surveyor and brings with him over 20 years of experience in the UK and Central & Eastern European construction industry. During that time, he has worked on a variety of projects...
Monday, 25. June 2018

There are major differences in demand for warehouses between regions

There are major differences in demand for warehouses between regions in Czech Republic, according to the CBRE Real Demand Barometer, a study monitoring demand all over the country over the past two years. While in Karlovarský region was the typical (median) request for warehouses exceeding 13 thousand square meters, in Olomou...
Monday, 25. June 2018

HB Reavis sells Metronom Business Center project for two-digit million sum

HB Reavis has sold the 34,000 sqm Metronom Business Center project in Prague-Butovice to ČS nemovitostní fond for CZK 2.3bn (c. €89.5m). According to the developer, this is the largest real estate deal of the year in the country. The modern, ten-storey office complex near the Nové Butovice metro station comprises three interc...
Monday, 25. June 2018

Cromwell sells Cestlice Business Park in Prague

Cromwell Property Group has sold the Cestlice Business Park in Prague for €17.5 million. The asset was part of the Cromwell European Industrial Fund (CEIF) portfolio.
Thursday, 14. June 2018

Europa Capital sells Hadovka Office Park in Prague to Wood & Company

Europa Capital, represented by Savills, has concluded the sale of Hadovka Office Park in Prague to Wood & Company. Hadovka Office Park is a well specified office building in the Prague 6 submarket, located on the main road which connects the CBD with Prague’s International airport. The building, comprising 22,265 sq metres of...
Monday, 11. June 2018

Coworking is also expanding outside of Prague

According to BNP Paribas Real Estate there are 61 coworking centres in the Czech Republic, 26 of whom are situated in Prague. The total size of the centres currently in operation is 19,000 sq metres. In addition, BNP Paribas Real Estate records 18,000 sq metres of serviced offices.
Friday, 8. June 2018

Phoenix lékárenský velkoobchod s.r.o signs long-term lease F1 warehouse

Phoenix lékárenský velkoobchod s.r.o has signed a long-term lease for a new F1 warehouse built as part of the CTPark Brno project based on the specific requirements of the pharmaceutical wholesale trader. The deal was brokered by CBRE. Phoenix lékárenský velkoobchod s.r.o will occupy an area of 12,285 sq m. The hall became fu...
Tuesday, 29. May 2018

Alexandra Tomášková becomes Managing Director at Skanska Property Czech Republic

Skanska’s commercial development unit CEE has appointed Alexandra Tomášková as Managing Director for Skanska Property Czech Republic. She will begin in her new role from June 1st 2018, and will also become a member of Skanska CEE’s commercial development unit Management Team. Tomášková will be replacing Marie Passburg, who is...
Monday, 28. May 2018

Tamda Foods becomes new owner of the former Vseborice shopping centre

CBRE managed to facilitate the sale of the Vseborice shopping centre to a new owner - Tamda Foods. CBRE represented the centre’s previous owner - Bainbridge Czech Republic Ústí nad Labem Holding – in the transaction. The sale price was not made public.
Friday, 25. May 2018

Total volume of industrial space exceeds the 7 million sqm mark

Prague is still the largest sub-market in the Czech Republic, but a great deal of attention is also being paid to the border areas. In Q1 2018, almost 25% of all new industrial supply in the first quarter was delivered in the Karlovy Vary Region for example. These include Panattoni Park Cheb and CTPark Aš, which together brou...
Friday, 25. May 2018

Neinver opens first first outlet centre in Prague

Neinver has opened Prague The Style Outlets, its first outlet centre in the country and the 16th centre in the company’s expanding portfolio, which totals 300,000 m² of gross leasable area (GLA) . The centre features over 100 stores in 20,000 m² of GLA. The new centre is part of a joint venture between Neinver and The Prague ...
Thursday, 24. May 2018

Prague 8 is a magnet for developers

Whilst Prague 4 is the largest market, over the next two years, most of the new supply will be delivered to Prague 8. In prospective, it could overtake Prague 1 by market share and become the third largest office submarket in the capital. In 2018 and 2019, almost 27% of new offices that are currently under construction should...
Thursday, 24. May 2018

Pařížská Street remains the most expensive street in CEE

According to a study by CBRE the Céline, Brunello Cucinelli, Hogan, Philipp Plein, Elisabetta Franchi and Furla brands have opened in Pařížská Street in the last six months. Due to the lack of retail space, Prague’s high street has expanded to the adjacent streets such as Na Příkopě.
Tuesday, 22. May 2018

Cromwell Property sets up €500m logistics partnership with Linkcity

Cromwell Property Group and Linkcity, member of Bouygues Construction, have formed a partnership, which already identified more than a quarter of its assets. With this move, they plan to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe that will eventually have a gro...
Tuesday, 15. May 2018

Marek Pohl becomes new head of the Valuation Department at BNP Paribas Real Estate

Marek Pohl assumed the role of Head of the Valuation Department at BNP Paribas Real Estate in Prague, thus obtaining a promotion from the position of Senior Property Valuer. In his role of Head of the Valuation Department Pohl will be responsible for coordination of property valuations across all market sectors for loan purpo...
Friday, 11. May 2018