ARTICLES LABELLED WITH TAG Czech Republic

Garbe Industrial Real Estate GmbH continues to expand in the Czech market and joins a project in České Budějovice. The developer’s largest project so far was carefully selected and is located in South Bohemia. The region has great potential with connections to key European markets.

Milan Kratina, CEO of Czech-based logistics developer Accolade talked to Property Forum about investment plans, environmental awareness and the current eagerness of banks to finance new warehousing projects.

Swedish company Heimstaden is entering the Prague rental market. It has acquired the first 164 units under construction in Prague's Holešovice district as part of the Pergamenka project from developer FINEP.

CA Immo has completed the construction of two premium office buildings in the River City Prague campus, which is located in the Karlín district in the area of Rohan Island. Construction started in September 2019.

Regardless of the problems that the measures related to the coronavirus crisis have brought to the retail segment – with shops in Czechia closed for 234 days, the longest period in all of Europe – new brands keep coming to the local market. Nine of them have arrived or will arrive during the first half of the year, the most prominent one of them being Ireland’s Primark fashion chain whose shop opening was expected with a great deal of anticipation.

Real estate valuers must work to the highest standards as they play a critical role in supporting markets by creating consistency and transparency. David Dušek (Czech Banking Association), Barbora Rýdlová (VŠE – Prague University of Economics and Business) and Petr Polák (Ministry of Finance of the Czech Republic) talked to Property Forum about the current state of the valuation profession and the challenges expert valuers face on the Czech market.

VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).

Primark has opened its first Czech Republic store in the Flow Building, Flow East’s development on Wenceslas Square in Prague, marking the 14th market for the retailer.

Arcadis published its Global Construction Disputes Report 2021 comparing the length, value, and ways of solving construction disputes in particular regions of Europe, Asia and North America.

REICO’s ČS real estate fund has decided to sell the Platinium office building in Brno to Czech investment group RSBC. The Platinium building was the longest-held property in the fund's portfolio.