cre awards Archives

Steady Office Space Expansion and Competitive Availability Across Czech Regions

Similarly to Prague, Brno recorded only a slight year-on-year increase in the supply of modern office space in 2024, with the total market size growing by only 8,600 sqm....

Warehousing, Logistics and Industrial

Biedronka moves into 28,700 sqm facility at CTPark Voderady as it enters Slovakian market

CTP announced that retailer Biedronka has moved into a new 28,700 sqm logistics facility at CTPark Voderady in Western Slovakia, marking its entry into the Slovakian market. With more...

Warehousing, Logistics and Industrial

First Tenant for Flexiparks Vienna North II

Flexiparks Vienna North II has secured its first tenant with Harrer Gebäudedienstleistungen GmbH. Upon completion of the project, the company will occupy Unit C7, totaling 414 sqm, which includes...

Warehousing, Logistics and Industrial

P3 Group’s portfolio reaches €10 billion with further improved profitability

P3 Group recorded a 17 percent increase in NOI to €493 million (2023: €423 million), attributed to portfolio expansion and increasing rent levels. On a like-for-like basis, NOI rose...

Office Leasing

Office development in Prague declining

According to an analysis by Savills, office development in Prague has been declining rapidly since 2021. This trend is confirmed by 2024 figures, which show that only 72,800 sqm...

Investment Market

GTC sells GTC X Office Building in Belgrade

GTC has successfully closed the sale of its landmark GTC X office building in Belgrade for €52 million. This strategic move strengthens GTC’s financial position, with net proceeds of...

Warehousing, Logistics and Industrial

ZOOMLION chooses CTP as Hungarian partner with €100 million investment

CTP has signed a 10-year lease agreement with Zoomlion to relocate its operations to CTPark Tatabánya, marking one of the most significant transactions of the year in Hungary’s industrial...

Investment Market

Czech Investment Volumes Hit €1.85 billion in 2024, Second-Best in 5 Years

The Czech real estate market delivered an impressive performance in 2024, with total investment volumes reaching €1.85 billion across 58 transactions. This marks the second-best year in the past...

Office Leasing

ARM Processors relocates to Millennium Gardens in Budapest

Revetas Capital and TriGranit announced that ARM Processors, a global leader in semiconductor and computing solutions, has chosen Millennium Gardens as its new office in Budapest. The company will...

Retail News

Record Year for Retail Park development in the Czech Republic

In 2024, nearly 80,000 sqm of new, modernized, or expanded retail parks were completed in the Czech Republic, now totalling 1.3 million sqm of retail space – almost a...

Warehousing, Logistics and Industrial

CTP starts investment project for Hitachi Energy in Brno

CTP has launched an ambitious project for its long-time partner, Hitachi Energy, at CTPark Brno in the Czech Republic. CTP is investing €57 million in the construction of the...

Warehousing, Logistics and Industrial

Czech industrial real estate market to grow by nearly 900,000 sqm in 2025

The fourth quarter of 2024 did not bring any significant change to the industrial and logistics real estate market. While demand has returned to almost pre-Q1 volumes, the amount...

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