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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.
The first quarter of this year saw a recovery in the Prague office space market. Growing demand may be met with lower availability of new premium space in the coming years, as only a smaller number of new projects are currently under construction. This may affect the currently stabilized price level of rents. Serviced office ...
Savills has negotiated for the WorkLounge network of serviced centres to take over the lease agreement from outgoing operator HubHub at Na Příkopě 14 in Prague from 1 May onwards. Savills is also the property manager of the building which is owned by CPI Property Group. With a total area over 3,700 m², it will be the largest ...
G City Europe Limited has completed the purchase of a remaining 25% stake in the Arkady Pankrac Shopping Center in Prague for a consideration of €60.5m.
Logicor has acquired a c.100,000 m² brownfield in Czech Republic, further strengthening its presence in this key market and nearly doubling its footprint.
CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.
At the beginning of the pandemic, it seemed that many coworking centres or serviced offices could not survive the measures implemented under the Covid-19 pandemic. Shared workspaces, whose philosophy is based on meeting, personal communication, and collaboration, were hit hard by governmental restrictions. But a December anal...
VGP has concluded a lease contract with Dachser Czech Republic for the lease of new space in VGP Park České Budějovice, situated in the Světlík commercial zone. The hall, with an area of 14,000 square meters will be tailor-made for Dachser. The expected completion date and delivery of premises for use is already in October of...
CTP has leased two modern speculatively developed sustainable warehouse spaces to French global automotive supplier Valeo, and to Austrian logistics and transport provider Raben at CTPark Cerhovice to the southwest of the Czech capital Prague.
pbb Deutsche Pfandbriefbank has provided a €117mn investment loan facility to a Logistics Fund, managed by GLP Capital Partners (GCP). The fund will utilise the proceeds for the refinancing of the development of a logistics portfolio in Poland and the Czech Republic. pbb acted as arranger and sole lender under the facility.
Trei Real Estate GmbH sold its entire portfolio of 70 properties in the Czech Republic and in Slovakia to Plan B Investments. The portfolio includes 60 supermarkets and commercial properties in the Czech Republic and 10 retail parks of the Vendo brand in the Czech Republic and Slovakia.
Colliers won the award for best interior design for its modern offices for Mercedes-Benz Česká republika. The office space is located in the Anděl 17 building in Prague 5. The project’s main contributors obtained the award in person at ThePrime Real Estate Gala, which recognises outstanding achievements in the Czech property ...
The Czech industrial market grew at rapid speed in 2022. Almost 1.1 mil. m² of new space was added to the market, that is over 155% of the 5-year average annually completed space and the highest recorded figure on record for the Czech market. The market overtook 10 mil m² in mid-year and was just failed to overtake the 11 mil...
VGP has completed the construction of its largest site in Northern Bohemia. VGP Park Hrádek nad Nisou comprises five units with a total lettable area of more than 122,000 m². All units were tailor-made for Drylock Technologies.