ARTICLES LABELLED WITH TAG Czech Republic

Rental activity in the Czech and European retail markets has significantly increased year-over-year, with a rise in the number of transactions and the volume of leased space across sectors and countries. A survey done by Cushman & Wakefield has analysed over 2,000 retail rental transactions in 13 European countries, including the Czech Republic.

The iconic building on the corner of Národní and Spálená streets in Prague, today Máj Národní, is starting to write a new chapter in its history. The two-year renovation, which transformed the original monofunctional Máj department store into Máj Národní, is coming to an end.

Developer Sekyra Group is launching the second stage of its extensive project of the new Smíchov City district in Prague, reports E15.cz. Three administrative buildings are planned to be built here, including the new headquarters of Česká spořitelna and a hotel.

The city of Prague is buying the company VN 42, owning an office building on the corner of Wenceslas Square and Štěpánské Street, from Komerční Banka, reports E15.cz. The municipality is planning to move employees from the Škoda Palace in Jungmannova Street, leased until the end of March 2028.

VGP has started the construction of Hall B in VGP Park České Budějovice, located on the outskirts of the South Bohemian metropolis in the Světlík commercial zone, earlier this year. The "Small business units" concept represents a solution for small and medium-sized companies.

The office and business centre Karlák Shopping Square (formerly Charles Square Center) owned by KGAL is getting a new face. The complete rebranding, architectural modifications and reconstruction of retail and office spaces, including a modernised logo are all included in the reconstruction plan.

P3 Logistic Parks has acquired a standalone building next to P3 Prague D8 Park. Established two decades ago, the industrial park has grown to seven buildings totalling 176,840 sqm of leasable space, including the newly acquired hall.

International developer UDI Group is developing the Parkside project in Budapest. Baltic hotel group Mogotel is confirmed to operate it under the Staybridge Suites brand name of the global hotel chain IHG.

The Penta Group is changing its approach to financing its business – it is preparing new investment funds to offer investors a stake in Penta projects, reports Newstream.cz.

EQUS Parks Holding has announced that the EQUS Park Lovosice project has received its planning permit. The project will offer 25,164 sqm of built-up area.