ARTICLES LABELLED WITH TAG Czech Republic

18
Apr
2016

Investors focus on retail in the Czech Republic

by Ákos Budai

According to a study by JLL called Destination Europe 2015, Prague has been ranked as the 14th most attractive market in EMEA for the expansion of international and luxury retailers. This reflects the strong purchasing power of the Prague and Czech citizens, as well as its massive volume of tourists. According to TripAdvisor’s Top 10 Global City Destinations 2016, the City of Prague ranks in 4th position in the Europe. Prague’s flourishing retail market has been on property investors´ radar over the past few years and the purchase of Palladium, a prime shopping centre in the very heart of Prague, was one of the largest transactions closed on the Czech real estate market last year.

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Latest news

New leases

ECO3, a prepress and printing solutions provider has become the latest tenant of the Oxygen Park office complex in Warsaw. The company has leased over 1,140 square meters of office space on the 4th floor of Building B.
At the end of the year, Empik is opening its 54th store in Warsaw - in the Ursynów Centre at 427 Puławska St. The store is 146 sqm in size.
Arcade Bee's newest store will soon open in Krakow's Unity Centre complex. The food and service chain will occupy a unit on the ground floor (470 sqm) and the first floor (670 sqm) of the complex.

New appointments

CPI Property Group announced the appointment of Agnieszka Baczyńska, the current Head of Leasing Retail, to the newly created position of Business Excellence Director in Poland. She will be responsible for implementing the operational efficiency strategy and monitoring its progress, as well as supervising projects related to business transformation.
Marta Busłajew joined the 7R team as Head of Marketing and Communications, where she will oversee the development and execution of marketing and communication strategies aligned with 7R's growth plans.
Savills announced that Wojciech Mazur has joined the Office Agency - Landlord Representation. He will support commercial property owners in the processes of leasing.

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