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Investors still have faith in Czech offices, warehouses and retail – but the preference is for smaller properties

From April to the end of June, offices, warehouses and retail properties changed hands for €260 million in the Czech Republic. Compared to the first quarter, with a result of €917 million, this is a decrease in terms of total value – but the trend in the number of real estate deals is the opposite. There were 18 deals in the second quarter compared to 13 in the first. During the first half of this year, the volume of investments increased by 48% year-on-year to €1.18 billion. These results were published by the real estate consulting company, 108 AGENCY.

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Real estate investment in the Czech Republic is the strongest in the past five years

More than €900 million worth of property changed hands in the Czech Republic from January to the end of March this year. This is the strongest first quarter since 2017, excluding Q1 2020 exceptional residential Residomo portfolio sale. According to the analysis by 108 AGENCY, the real estate consulting company domestic buyers dominated by volume followed by Slovak capital. Major transactions included Bořislavka Centre in Prague 6, the IGY shopping centre in České Budějovice and the City Park Jihlava.

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Czech Industrial Property Market Third Quarter: Streamlining operations gives companies crucial competitive advantage

The rising prices of construction materials and energy, the increasing cost of land for new construction, a lack of crucial components to ensure continuous production and workforce shortages are all afflicting the industrial sector in the Czech Republic. One solution in regard to the availability of industrial real estate would seem to be the optimising of operations and more frequent investment by many companies into the automation of routine activities.

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COVID-19 vs. commercial real estate: who will come out of the pandemic as the winner?

Commercial real estate has been under pressure from the coronavirus for several months now. At the beginning of the year 2020, a slight cooling of the market and reduction in demand was observed. And with the advent of March, it was clear that COVID-19 will also affect the real estate market. After the initial uncertainty, and reassessment of which operating model will pay off under the constantly changing conditions and restrictions, the situation is gradually stabilising. Today, we can evaluate which real estate market segments fared the best in the battle.

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The impact of the global coronavirus pandemic is reflected across all sectors. Including commercial real estate

Extensive restrictions due to the coronavirus pandemic have also impacted the commercial real estate market. The first consequences are now evident, and many sectors may end up facing existential difficulties. At the current time, however, it is retail which is suffering most, its activities cut back heavily. We are going to have to wait a few months more, however, to evaluate the true consequences of the worldwide coronavirus crisis.

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China Investment Forum 2017, Prague

Projects involving representatives of China and 16 Central and Eastern European states are being discussed at a two-day Chinese investment forum taking place at Prague Castle.

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Jeremiášova 947 Business Park with new owner

Jeremiášova 947 Business Park, a 11,8 hectare park in Prague Stodůlky providing 32,000 square meters of commercial premises, has recently changed the owner. The property belonging to the KONSTRUKTIVA LOKUS company has been sold to a Czech private investor. The new owner plans to further run and develop the park.

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