ARTICLES LABELLED WITH TAG Czech Republic

ZFP Investments has sold the Florenc Office Center, commonly known as the KPMG HQ building, in Prague, to Shinhan Investment Corp, a Korean based investment manager. CBRE represented the vendor in the sale of the asset. The transaction constitutes the first direct real estate investment in the Czech Republic by a Korean investor.

Erik Drukker, who previously served as the Managing Director, Agency & Valuation, Central & Eastern Europe, has become a Member of the Board at the Polish and Czech entities of BNP Paribas Real Estate. He took his new post at the turn of November and December.

CTP completed the first three buildings in its brownfield redevelopment project Vlněna, located in central Brno. FGH, a complex of three buildings offering some 18,000 sqm, is already largely leased.

Peakside Capital has completed the disposal of the Cube office building in Prague to BPD Development, a Prague-based development company.

Danish facility management company ISS plans to divest its operations in thirteen countries worldwide, including the Czech Republic, Hungary, Slovakia, Slovenia and Romania.

Market sentiment remains positive across Central and Eastern Europe, according to the RICS Commercial Property Monitor. Strong demand from tenants and investors persists in almost all market segments but the number of signs that some markets have reached their peak continues to grow.

Prologis announced that demand for space at its new Prologis Park Brno has prompted the construction of a second speculative facility at the Czech site.

Multi Corporation and GEMO HOLDING have sold the Forum Poprad shopping centre in Poprad, Slovakia. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group. The sellers have been advised by Cushman & Wakefield

JLL secured the sale of an attractive land plot in Košíře in Prague 5 on Jinonická Street. The seller was Premium Imobilien and the buyer was developer Ideastav. In the future, there will be a residential project offering 28 luxury apartments with 42 parking spaces for sale. The transaction was provided by the SMI (Small and Medium Investment) department under the leadership of Pavol Bak.

Meyer Bergman, an investment manager specialized in urban mixed-use real estate, has sold Forum Nová Karolina shopping centre in Ostrava, Czech Republic to REICO, Česká spořitelna's real estate fund manager. Cushman & Wakefield advised Meyer Bergman on the disposal of Forum Nová Karolina.