ARTICLES LABELLED WITH TAG Czech Republic

CPI Property Group has published its audited financial results for the financial year ended 31 December 2023, confirming a stable market environment with high occupancy figures. On the other side, the figures have shown a considerable net loss of €877 million, driven predominantly by a non-cash negative revaluation result. Property Forum asked CPIPG spokesman Jakub Velen to comment on the figures and provide an outlook for the year ahead.

Design and construction consulting office Obermeyer Helika has completed and handed over the documentation for the construction of the Semerínka residential project in Prague 5 Radlice developed by Crestyl. The construction of the project has started.

CTP has increased its total lettable area in the Czech Republic to over 4 million sqm, reaching a 27% share of the Czech industrial real estate market.

Construction work on a record number of public buildings is planned by the Czech capital city this year. In addition to the city, the state is also participating as an investor in more than a dozen projects in the field of transport infrastructure or public space. The total investment costs of individual projects are reaching almost CZK 50 billion (€1,97 billion).

PSN has reached a milestone in base building construction at the Ahoj Vanguard development project in Modřany, Prague. Close to the apartment building, the conversion of the former Microna factory into Vanguard loft housing is also nearing completion.

P3´s hall with an area of 42,331 sqm and an atypical floor plan is capable of accommodating an entire train unit. It is located in Lovosice Cargo, Czech Republic.

More than 80 architectural studios from all over the world have entered the competition for the Revoluční 30 project in Prague. The winning design has been chosen out of the six finalists.

Having secured the necessary building permit, the 7R Group is set to launch its first warehouse development in the Czech Republic. 7R Park Lavičky D1 Highway is strategically located along the Prague-Brno connecting road.

Alexandra Tomášková is joining Capexus as Chief Commercial Officer. She has spent most of her professional career in the B2B sector, in the development and leasing of office buildings.

By 2024, the REALIA fund has stepped in with a new acquisition, this time the Hustopeče retail park in South Moravia. The retail park is fully leased with an average length of leases exceeding 6 years.