czech republic Archives

Avison Young expands in CEE with new offices in the Czech Republic and Bulgaria

Avison Young announced two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE) with the addition of a newly established...

Investment Market

Cromwell grows real estate platform as CEREIT completes €113 million logistics acquisition

Real estate investor and manager Cromwell Property Group (Cromwell) has, on behalf of Cromwell European REIT (CEREIT), completed the acquisition of a portfolio of 11 logistics and light industrial...

Residential

Heimstaden buys residential portfolio in Plzeň

Swedish company Heimstaden, the third-largest provider of rental housing in Europe, continues its investments in housing in the Czech Republic. The company, which bought Residomo with 42,500 apartments mainly...

Residential

Horizon posts records sales for 2020 of CZK 2.7 billion

The Horizon development group has a record year, despite the uncertainty and difficult conditions caused by the COVID-19 pandemic. In 2020, the company’s total revenue from the sale of...

Investment Market

Passerinvest Group sells Ostrava building to local investor

Passerinvest Group has sold the Nová Karolina Park office building in the centre of Ostrava. The new owner is a locally based investment group RT TORAX Group. “In accordance...

Investment Market

Investor appetite for the Czech Republic remains high

Investment volume in the Czech Republic amounted to €797 million in H2 2020 with 60 percent of the H2 transaction volume (i.e. €478 million) being for properties located in...

Warehousing, Logistics and Industrial

CTP continues active role in restoring forest biodiversity

CTP purchased 460 hectares of forest in eastern Czechia raising the total forest the company owns to 560 hectares. The purchase is part of CTP’s strategy to own one...

General

The second stage of Rezidence Čámovka is completely sold out

Horizon development group has announced that the sale of the second stage of Rezidence Čámovka is now complete. Despite much of the sales period being accompanied by pandemic-related uncertainty,...

Office Leasing

New Work launches own franchise concept

According to JLL, the demand for flex space will grow by 300 percent due to Covid-19. Clients needs have clearly changed and flexibility and additional services are the main...

Investment Market

Prague hotels show decline in 2020, but potential in the long run

The latest STR figures show that the Prague hotel market has borne the brunt of the coronavirus crisis in Europe. It recorded the steepest decline in average revenue per...

Investment Market

Crowdberry launches CB Property Investors Subfund with initial aim to invest €30 million of equity in Czech and Slovak real estate

Crowdberry, an investment platform enabling private investors to invest in Czech and Slovak companies and real estate, has launched a new qualified investor real estate fund, the CB Property...

Warehousing, Logistics and Industrial

Panattoni Pilsen Digital Park to welcome Ball

In the new Panattoni Pilsen Digital Park on Pilsen’s Bory terraces, a fully automated plant for the production of 100 percent recyclable beverage cans will be built in the...

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