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Articles - CBRE

The Largest Property Deal Ever Recorded in the Czech Republic was Advised by CBRE - Union Investment acquires majority stake in Palladium

CBRE advised Union Investment Real Estate GmbH on the acquisition of a majority shareholding stake of the most prestigious asset in the Czech market, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach. The transaction is the largest property deal ever recorded in the Czech Republic. The property consists of the largest city centre development (ca 41,000 sq m of prime retail, ca 18,000 sq m of office) strategically located in the city of Prague and naturally extending Prague’s high street.

No new offices in Q3

2014 will still have highest level of office completion since 2008

Expert: The commercial market will face higher vacancy rates

In the next year, the vacancy rate in Prague will total up to 15 percent

Strong start for European commercial real estate investment market in 2014 Hungary is expected to attract EUR 250 million already in H1 2014

Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE.

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