CBRE has been mandated to manage the industrial portfolio of Cromwell European Real Estate Trust (CEREIT) in the Czech Republic and Slovakia.

German real estate investor Peakside Capital has completed the disposal of the last properties in its portfolio of 72 small retail assets in the Czech Republic.

Czech development group Horizon has announced the successful completion of the acquisition of 240,000 square metres of land from the Manghi Group in the village of Statenice in the district of Prague-West. The Aura - Bydlení Statenice residential project will be built on the newly-acquired plot, eventually offering over 500 units in the form of family houses and flats, while helping to strengthen local civic amenities. The start of development, as well as the sale of semi-detached houses and villas from the first phase of the project, is planned for this autumn.

This year, P3 will focus on offering clients facilities constructed on a built-to-suit basis. On a site adjacent to highway D6 near Prague, the industrial developer is ready to start building 17,000 sqm of warehouse space immediately. Additional thousands of square metres are on offer midway between Prague and Dresden at P3 Lovosice, and the first columns will soon be erected in P3's new parks in Ostrava and in Myslinka near Pilsen. All of P3's new buildings will carry a BREEAM Very Good or higher certificate.

Czech billionaire and businessman Petr Kellner died on Saturday in a helicopter accident in the Alaskan mountains, the New York Times reports. Petr Kellner, whose net worth has been estimated at $17.5 billion by Forbes, was aboard the Airbus AS350 B3 helicopter when it went down near Knik Glacier, Alaska. It is assumed that the group wanted to do heli-skiing in the mountains.

CPI Property Group plans to reduce greenhouse gas emissions by 30% by 2030 and commits to transition all electricity purchases by the Group to 100% renewable sources by 2024. The company announced changes to the Group’s environmental strategy and targets.

Home office is just an effective supplement that will not replace the need for office space. Time will show that people need to meet each other and robots will replace those professions movable to a full-time home office, says Eduard Forejt, Development Director at Czech company Passerinvest Group, who talked to Property Forum about the future of office work and the company's development plans.

Spektrum shopping centre, CPI Property Group’s latest retail development in the Czech Republic, opened its doors on 25 March. Located in Čestlice, in Prague’s south-eastern agglomeration, Spektrum is a convenience-focused retail park comprising over 20 units and over 6,500 sqm of space.

Avison Young announces two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE) with the addition of a newly established venture in the Czech Republic and Slavtchev Consulting in Bulgaria. Both will operate under the Avison Young brand and deliver integrated services to local and multinational clients.

At the end of 2020, there was more than 39 million sqm of modern logistic industrial space in the region. More than one half (53%) of this stock is in Poland, while the Czech Republic with more than 9 million sqm accounts for about 23% of the Central European market. Cushman & Wakefield analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia).