In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
In the area of residential real estate, the year 2023 has booked a record as a period of significant sales decline, reports Valuo.cz in its residential real estate analysis. The market has fallen to its lowest level in eight years.
The beginning of February has brought a sharp fall in bank rates in the Czech Republic, and housing loans are thus the cheapest in more than a year and a half, E15.cz reports.
For the sixth time, the state is trying to sell the functionalist building in the centre of Prague, reports Newstream.cz. Compared to the last, failed auction, the price has been reduced by CZK 19 million (€76,100).
According to 2023 reports, PSN has booked 23 purchase contracts with a total value of over CZK 1.3 billion (€52 million). The largest part is represented by 15 apartment buildings.
The Regional Research Forum has presented Brno and Ostrava office market data for H2 2023. Renegotiations are the main driver, however headline rents are staying unchanged.
The Trigea real estate fund has officially completed the purchase of the Arkády Pankrác shopping centre in Prague. The price exceeded CZK 6 billion (€241 million), E15.cz reports. It is the largest transaction carried out by domestic retail funds in the Czech Republic.
The Brutalist monument in the centre of Prague has been closed for up to 2 years for reconstruction, reports Newstream.cz. The internal layout of the building is going to change, converting some of the floors into offices.
The DRFG Investment Group and Heraeus Medevio have launched the construction of a new production hall in Plotiště near Hradec Králové. The project is a build-to-own development.
Amsterdam Standard, a Dutch technology company has moved into Kraków's Porto Office B office building. Its new office occupies nearly 600 sqm.
The brands Join UP! and SkyUpTM, previous tenants of space in the Adgar Wave office building in Warsaw, are relocating. They will continue to rent offices from Adgar Poland. The companies have moved into a 900-square-metre office previously occupied by employees of the building's owner.
An electronics manufacturer has leased nearly 11,000 sqm of manufacturing space at Prologis Park Wrocław V. The tenant belongs to a larger group of companies based in Hong Kong.This is the company's first headquarters in Poland.
New appointments
Dariusz Blocher has resigned from the position of chair of Unibep. The supervisory board has appointed Andrzej Sterczyński as president of the company from January 1st, 2025.
Agnieszka Słomka-Gołębiowska has resigned from her position as a member of the Supervisory Board and chair of the Audit Committee of Ghelamco Invest. The position of member of Ghelamco's Supervisory Board will be filled by Lidia Jabłonowska-Luby. An existing member of the Audit Committee, Jarosław Myjak, was also appointed to act as chairman of the Audit Committee.
MLP Group is from now on working with a smaller board of directors. Monika Dobosz has resigned from her position. She had served on the company's board since July 2022, when she was appointed to the board together with Agnieszka Góźdź.
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