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News Garbe to expand industrial park in Piešťany
09
Aug
2022

Garbe to expand industrial park in Piešťany

by Property Forum
Garbe Green Park Piestany in Western Slovakia is on course. The first 4,700 sqm hall is fully leased. The second hall, which will have a final area of 18,000 sqm, is just starting to be built. It should be ready early next year. The news was announced today by the developer.
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News Arkon starts last stage of €15 million resi project in Zvolen
08
Aug
2022

Arkon starts last stage of €15 million resi project in Zvolen

by Property Forum
The third and final stage of the Hron Residence project in Zvolen, Slovakia, is now starting to be built. Arkon, the developer of the €15 million project, has announced the final stage launch on its social media.
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News DRFG to build 100 flats in Mladá Boleslav
05
Aug
2022

DRFG to build 100 flats in Mladá Boleslav

by Vera Tumova
Investment group DRFG has started to build a new apartment complex in Mladá Boleslav in Michalovice. As part of the project, called Green, an apartment building with more than a hundred apartments, garages and a large garden with a water reservoir will be built within two years. The market value of the project is CZK 634.6 million (€25.9 million), according to DRFG spokeswoman Monika Brichtová.
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News YIT starts construction of apartment building in Prague 11
02
Aug
2022

YIT starts construction of apartment building in Prague 11

by Property Forum
Another apartment building inspired by Scandinavian architecture has been launched in Prague by the developer YIT.  The twelve-storey building with 47 apartments will be built near metro line C's Opatov station. It should be completed within two years, the developer informed.
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News Central Group replaces broadcast tower in Prague with flats
01
Aug
2022

Central Group replaces broadcast tower in Prague with flats

by Property Forum
One of the tallest buildings in Prague will disappear. The broadcasting tower of the Central Telecommunications Building (Ústřední telekomunikační budova) in Prague's Žižkov district will be demolished in January 2023, including the adjacent buildings. The demolition work is being prepared by the developer Central Group, which owns the entire technology complex in Olšanská Street and is now preparing a residential project there. The current design of the 100-metre towers with apartments by architect Eva Jiřičná has not yet been approved by the city, writes E15.cz.
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News Accolade and Panattoni plan Czech market's largest hall
28
Jul
2022

Accolade and Panattoni plan Czech market's largest hall

by Vera Tumova
The largest logistics hall in the Czech Republic will rise near Cheb (in the westernmost region of the country). Accolade and Panattoni are already intensively preparing its construction in the local industrial zone. According to the Industrial Research Forum (IRF), an association of consultancy firms, this is the largest domestic transaction in Q2 2O22, with the pre-lease of logistics space in the area of about 233,700 sqm. The name of the tenant (an unspecified distribution company) has not yet been disclosed by either party. Lucie Mareš Heřmanovská, a spokeswoman for the Accolade company, informed Property Forum about the project. 
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News Central Group plans hybrid nurseries in new Prague project
27
Jul
2022

Central Group plans hybrid nurseries in new Prague project

by Property Forum
Considering how Prague and its population will grow in the next few years, developer Central Group is planning schools and kindergartens. In its Nová Ruzyně project, it plans to build housing for more than 6,600 people and incorporate kindergartens directly into residential buildings. The developer plans to start construction within two years, writes the daily E15.
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News Crestyl wants to change the centre of Brno
27
Jul
2022

Crestyl wants to change the centre of Brno

by Property Forum
Developer Crestyl wants to transform the centre of Brno near the main train station with the Dornych project, connecting the historic centre with the newly planned district. It is to create a freely accessible public space that will include six buildings with apartments, office and retail space and underground garages. The project, with a total investment of CZK 7 billion (€285 million), already has a zoning permit and expects to receive a building permit by mid-2023, the developer announced at a public presentation of the project.
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News Penta buys former post office in Prague
25
Jul
2022

Penta buys former post office in Prague

by Property Forum
Penta Group has expanded its real estate portfolio in the centre of Prague by another building. In an e-auction, Penta was the only bidder to acquire the former post office building at Masaryk railway station in Hybernská Street for a bid price of CZK 220 million. Now the contract will be signed and the price will be paid. Both parties to the transaction have confirmed it to the Czech Press Agency.
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News AFI Europe enters Prague's rental housing market
21
Jul
2022

AFI Europe enters Prague's rental housing market

by Property Forum
Developer AFI Europe has announced the completion of the Tulipa residential project on a five-hectare brownfield site in Prague 3 Strašnice. This latest, fifth phase with an eight-storey apartment building cost the developer more than CZK 250 million and will be the only one dedicated exclusively to rental housing with 61 apartments.
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Latest news


New leases

  • Rondocarton, a supplier of packaging solutions made from cardboard and corrugated cardboard, part of the Rondo Ganahl Group, has leased 4,580 sqm in VGP Park Timișoara for storage operations.
  • Employment agency PowerJobs has joined the tenants of the Nowe Katowickie Centrum Biznesu office building. The company has leased nearly 350 sqm of space. The Katowice team of Cushman & Wakefield was responsible for guiding the tenant through the negotiation and signing of the lease.
  • Phoenix Pharma has decided to expand its existing lease at the European Logistics Fund 2 logistics park in Konotopa near Warsaw by an additional approximately 5,700 sqm. Under the new long-term agreement, the company has more than doubled its occupied space, to around 12.5 thousand sqm.

New appointments

  • MLP Group has appointed Piotr Kowalski as Head of Project Management for Poland and Romania. He will oversee all phases of construction projects in both markets, from concept through to property handover.
  • Agnieszka Niezgodzka joined Accolade as Associate Director of Asset Management. Her duties will be growing the portfolio and increasing the value of the properties.
  • Bartłomiej Polnik has joined Savills as Associate Director, Senior Project & Development Manager PRS & Living Sectors in the PBC department.

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