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Articles - office markets

Bořislavka Centrum changes owners. It was bought from Komárek's KKCG by the Česká spořitelna real estate fund

The Česká spořitelna Real Estate Fund (ČSNF) buys the Bořislavka Centrum shopping and administrative complex from the KKCG Real Estate Group (REG). Through the acquisition, the fund increased the number of buildings under its management to 21 and the value of its real estate portfolio exceeded 38 billion crowns. This follows from the press release of the investment group Karel Komárek KKCG. The amount of the transaction was not stated by the parties.

The Regional Research Forum publishes data on the office market in Brno and Ostrava for the second half of 2021

About the Regional Research Forum Members of the Regional Research Forum - CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank - strive to provide the most complete, accurate and transparent data on the development of regional office markets in the Czech Republic. Members share background information on market developments and believe that the Regional Research Forum will help improve the transparency of regional office markets.

At AFI Europe: Three rental housing projects will offer almost 900 units for rent

The development company AFI Europe is taking stock of the results for last year, in which it fully devoted itself to the implementation of its new corporate strategy focused exclusively on rental housing: It is currently building four buildings in Prague in three residential projects. AFIHOME Třebešín (formerly Tulipa Třebešín) is the furthest in the preparations, which was the first to achieve a rough construction. The house, which will offer a total of 61 housing units, should be completed this year. Another project is the multifunctional complex AFIHOME Karlín with a total of 170 apartments, which will complement the shops and services. He reached the glajcha at the turn of this year. The other two apartment houses are growing in parallel in the new multifunctional district of AFI City. The first of them already has a complete rough construction, the construction of the second building was started in November last year. In addition to rental housing, AFI Europe also approved and sold 80% of the luxury villa houses in Tulipa Třebešín, in which it also created a model apartment under the direction of designer Magdalena Hopkins. The company was also active in the field of commercial real estate and expanded its office portfolio with Avenir Business Park in Prague 5 - Nové Butovice. The company bought it for 66.5 million euros and is now almost completely occupied.

Savills: The volume of real estate investments in the Czech Republic recorded the highest quarterly value in the last two years

According to the latest Savills report, the last quarter of 2021 was the busiest quarter of commercial real estate investment in the Czech Republic. 30 transactions with a total volume of more than EUR 628 million were closed. This was the highest quarterly real estate investment since the first quarter of 2020, and an improvement of 23% over the fourth quarter of 2020.

Fait bought the Prague Airport Business Center from Immofinanz

The Austrian company Immofinanz sold the Prague Airport Business Center to the investment fund Jet Industrial Lease (JET) of the Brno billionaire Igor Fait. This is according to today's press release of the law firm bpv Braun Partners, which advised on the sale, and the press release of Jet Investment. The parties did not disclose the value of the transaction. Billionaire Radovan Vítek is interested in taking over Immofinanz.

CBRE analysis: Last year, 29 new brands entered the Czech Republic, the most in the last three years

An analysis by CBRE, a world leader in commercial real estate services, shows that despite the ongoing covidu-19 pandemic, new brands are still coming to the domestic retail market, in unprecedented numbers. There were 29 of them last year, which represents a year-on-year increase of 26%. This result is even significantly better compared to the ancestor year 2019. The main event last year was the Prague premiere of the Irish clothing and accessories store Primark on Wenceslas Square, and from the perspective of the High Street the opening of the Versace Italian luxury fashion boutique in Pařížská Street. With regard to the emerging trends, the opening of the so-called phygital store (from the English words physical and digital) of the partner companies eobuv.cz and Modivo in Smíchov, Prague, can also be considered a turning point. The new store, offering a wide range of products in the field of fashion, footwear and accessories, uniquely combines the advantages of the stone shop with the comfort of e-shops and is a harbinger of shopping in the near future.

UBM Development Czechia has sold the Astrid Offices office building. The new owner is the investment group Portiva

UBM Development Czechia, which completed and approved the Astrid Offices office building in Prague's Holešovice in May, sold it to the PORTIVA investment group. Both parties have decided not to disclose the amount of the transaction. The property, which has 4,300 m2 of office space and 440 m2 of retail space on the ground floor, is now fully leased. Since December, it has also become the headquarters of UBM Development Czechia, which has moved here from its offices in Liben.

HolKa will connect Holešovice with Karlín and at the same time revive the Vltava embankment

The long-awaited HolKa footbridge construction project will make it easier for pedestrians and cyclists to move between the two dynamically developing districts of Prague. At the same time, it activates the creation of follow-up projects of the capital and private investor CA Immo, which will contribute to the attractiveness of the Vltava embankment in the area of Rohan Island.

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