ARTICLES LABELLED WITH TAG real estate

For the first quarter of 2022, the growth of the Czech industrial market and the recovery of industrial production were not stopped even by outages in the supply chains. This quarter also continued to see a sharp rise in rents in almost the entire country. The market for industrial premises will continue to grow, but over the year the full effects of the war in Ukraine will be felt and construction may slow down slightly, reports Colliers.

Romanian developer Studium Green has purchased a property portfolio from Immobiliare Italo Romena, a subsidiary of former Italian lender Veneto Banca, for an undisclosed sum. 

WOOD & Company Real Estate Fund will acquire the Astrum Business Park office building in Warsaw from Prochem S.A. and the LFI investment fund, marking the Fund’s first real estate acquisition in Poland. The building has a total leasable area of over 23,000 sqm and is fully leased. The transaction is subject to the tax ruling procedure, the company announces on its website.

The Česká Spořitelna Real Estate Fund (Nemovitostní fond České spořitelny) is buying the Bořislavka Centrum shopping and office complex from KKCG Real Estate Group. With the acquisition, the fund has increased the number of buildings under its management to 21 and the value of its real estate portfolio exceeds CZK 38 billion, REICO announced in a press release. The parties didn't disclose the transaction price.

JRD Land, a division of JRD Group, has appointed a new CEO, Alexandra Tomášková, on 1 February 2022. The company has a market value of signed acquisition contracts of CZK 2.2 billion. It now wants to focus on the rapid development of a portfolio of building land and larger land units for future sustainable construction. The development company JRD Development, a member of the JRD Group, is expected to deliver building plots worth up to CZK 15 billion by 2025, the company announced in the press release.

Českomoravská Nemovitostní (ČMN) has appointed Karel Bor as CEO and plans to strengthen its position on the market in the nearest future, the company announced on its website.

The European Central Bank has highlighted growing vulnerabilities in housing markets and stretched financial asset valuations in its Financial Stability Review for November 2021. The ECB has also warned of an increased likelihood of a correction in both residential and commercial real estate markets.

The latest Property Talks event, organised virtually by RICS Hungary, focused on renewable and alternative energy sources and their role in the built environment. Eight real estate experts shared their insight on this topic in the form of six presentations and one panel discussion.

As of September, Omar Sattar, a real estate professional with more than 25 years of experience in the sector at companies like DTZ, Avestus Capital Partners, and Colliers International, has taken over the management of the real estate investment team of the Czech and Slovak investment platform Crowdberry. The company now provides private investors with a greater volume of specific investment opportunities in high-quality residential projects and commercial real estate.

From retail survival and sustainability investment through to the impact of automation and major political and economic change, Cushman & Wakefield’s new EMEA insight report explores the major themes the commercial real estate industry needs to keep in mind next year.