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Lincoln Property Company has jointly invested with Czech investment platform, Upvest, to acquire Zirkon Office Center in Prague, from Czech investor, ČMN.
As of August 18 this year, Eshel Pesti has assumed the position of CEO G City Europe. Eshel, who has been with the company for 15 years was formerly CEO of G City’s Russian business operations.
P3 Logistic Parks concluded the first half of this year with transactions for over 107,000 square meters. These results demonstrate the company's ongoing commitment to providing its partners with high-quality spaces and rental services tailored to their specific needs.
Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank financing of €700 million.
Kaprain acquired ca. 53,000 sqm brownfield site from Howden ČKD Compressors, a global engineering company, which was recently acquired by Chart Industries. Howden ČKD Compressors exclusively appointed Colliers, a leading provider of diversified professional services in commercial real estate and investment management, to mark...
According to Savills' research, the demand figures for premium office space in the first half of 2023 have started to vary significantly across Europe: compared to the five-year average, Luxembourg saw a 137% increase, Oslo a 22% increase and Prague a 13% increase, while Lisbon, Dublin and Budapest saw declines of 62%, 42% an...
Velis Real Estate Tech, one of the fastest-growing PropTech SaaS companies in Europe, has established a partnership with AmRest, the leading European multi brand restaurant operator that manages first class brands such as, KFC, Starbucks, Pizza Hut, and Burger King. The company has implemented the Singu FM system in the Czech...
The Czech industrial property market grew by 269,100 sqm in H1 2023, reaching almost 11.3 million sqm. This is a year-on-year increase of more than 11%. Thus, despite higher interest rates, more complex financing, a slowing economy and fluctuations in industrial production, the local industrial property market continues to ac...
The volume of investment in the regional real estate market during H1 2023 was one of the lowest on record in Central & Eastern Europe. Poland accounted for the majority of regional transaction volume at 42%, followed by the Czech Republic with 34%.
Savills has appointed Tom Ellis as an Associate within its Valuation team effective 10th July 2023. Based in Savills Prague office, he will work alongside Head of Valuation CZ & SK, Marek Pohl.
CBRE appointed Jakub Stanislav (36) as Head of Investment Properties in the Czech Republic. Jakub Stanislav will oversee a team of four senior consultants, while he will be responsible for preparing long-term strategies, and building and developing client relationships. Under his mandate, he will coordinate the purchase and s...
Desk sharing is beginning to take root in Czech offices. Not only does it make office space usage more efficient, but it also offers employees greater comfort. In fact, companies usually invest up to half as much in standard, individual workstations as they would in traditional office layouts. This is according to data from C...
Since the second half of 2022, Savills has seen an increase in demand from manufacturing companies for modern warehouse space in the Czech Republic, accounting for 57% of the total space leased in the first quarter of 2023.
In addition to the existing investment facility with an overall amount of € 118 million pbb Deutsche Pfandbriefbank has provided a € 40 million credit facility to the open-ended fund Reico ČS Nemovitostni, the biggest mutual real estate fund on the Czech market managed by Reico.
According to Savills latest European Logistics Outlook, industrial investment volumes, which totalled €5.1bn, declined by 49% QoQ and by 73% compared to Q1 2022, which was notably a record high. Compared to the same period last year on a country-by-country, The Czech Republic (-3%), Ireland (-29%) and Portugal (-45%) recorded...
During the first three months of 2023, the Czech industrial real estate market passed the 11 million m2 mark. The market grew by 10% year-on-year, which is 1.5 percentage points higher than the five-year average. The total volume of newly completed industrial space amounted to 217,900 sqm in the first quarter of this year.