Join Craig Smith and Winston Norman on the Coffee with Craig Show for your daily dose of CRE news in the CEE region, brought to you by EuropaProperty.com.
Czech Republic Ranks High for Nearshoring
The Czech Republic is ranked as the second-best location for nearshoring in the 2024 Savills Nearshoring Index, just behind Portugal. Nearshoring involves moving supply chains closer to home. Poland, Sweden, and Japan also make the top five, with Singapore, Canada, South Korea, Spain, and the UK rounding out the top ten. The index assesses countries based on cost, business environment, and environmental sustainability, with the Czech Republic offering a balance of low costs, resilience, and access to the European market.
“Locations that score well in the Nearshoring Index’s economic cost pillar, however, don’t tend to score as highly for resilience, business environment and ESG. The exceptions are Poland, Portugal and the Czech Republic, which provide a rare combination of being low cost, resilient, and provide occupiers with access to the European single market,” says Charlotte Rushton, Analyst at Savills World Research.
New Cargo Routes to Southeastern Europe from Rohlig SUUS Logistics
Rohlig SUUS Logistics has launched new direct cargo routes from Brno to Sofia and Bucharest. These new weekly services are expected to improve supply chain connections for businesses in Northern and Western Europe. The transit time is between 48 and 72 hours, and the new routes are part of the company’s growing network in Southeastern Europe. The Brno-to-Sofia line can also deliver to Georgia, while the Brno-to-Bucharest route passes through Cluj.
Piotr Szałkiewicz, European Road Network Director at Rohlig SUUS Logistics, says: “In the past two years, we have introduced regular connections to Spain, Scandinavia, Ukraine, and the Baltic countries, among others. A crucial factor in the efficiency of our transportation is the network of warehouses in the CEE region, which we are also continually expanding.”
Penta Starts New Residential Project in Prague
Penta Real Estate has begun construction on a new residential project, Mocca Residence, in Prague. Located near the Českomoravská metro station, the project will include 290 apartments. The development, which is being built on a former industrial site, is inspired by the area’s historic coffee-roasting tradition. The first phase of apartment sales has started.
Prize by Radisson Expands in Central and Eastern Europe
Radisson Hotel Group is rebranding its prizeotel chain to “Prize by Radisson” and expanding into Poland. The new brand offers midscale experiences at affordable prices. A new 126-room hotel under this brand is set to open in Gdansk in 2026. Prize by Radisson also plans to open hotels in Osnabrück and Berlin in 2025 and 2027. The brand currently has 21 properties across Europe, either operating or in development.
