ARTICLES LABELLED WITH TAG Czech Republic

For the entire year 2024, banks and building co-operative banks in the Czech Republic have provided new mortgage loans worth CZK 228 billion (€9 billion), which represents a year-on-year increase of 83%, reports ČBA (Czech Bank Association) in its latest Hypomonitor from December 2024, which captures data from all domestic banks and building co-operative banks providing mortgage loans.

The transformation of the Tesla Pardubice brownfield into a modern urban district for 750 residents has reached its final stage. The implementation, which is taking place on a 2.5-hectare plot of land under the direction of the development company Linkcity and the general contractor VCES, has already started in 2021.

Realia Fund Sicav has ended the previous year by acquiring a retail park in Stod City in the Pilsen region. With the completion of this purchase, the value of the fund's portfolio rose to CZK 2.35 billion (€93 million).

As of December 20, 2024, the owner of Reico has changed. The new owner (shareholder) of Reico is Erste Asset Management GmbH. 

After four years, the reconstruction of the former Prague InterContinental hotel is reaching its completion. The hotel is to be operated by the international Fairmont hotel chain under the name Fairmont Golden Prague, reports E15.cz. 

A new fund managed by Upvest and the investment company RSJ have secured a quarter share in the Černý Most shopping centre in Prague, reports Hospodářskénoviny.cz.

ZDR Investments has announced the acquisition of a retail park in Velké Meziříčí in the Czech Republic before the year 2024 closing. This property with a rentable area of over 4,500 sqm has become part of the ZDR Investments Public SICAV a.s. fund.

YIT has decided to continue in cooperation with the RSJ investment group. After the completed Vesi Hostivař project in Prague 15 and the planned residential construction in Brno, the two companies are joining forces for the realization of the Toivo Roztyly project in Prague 11.

According to a survey by Cushman & Wakefield tracking new entries for 11 years, 47 brands have entered the Czech market in 2024. This is the highest number of brands to enter the Czech market, compared to 40 in 2023. 

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.