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Articles - real estate news

Penta Real Estate secures building permit for Prague project

A new district, which respects the historical monument with a unique genius loci from the Czech Industrial boom times and connects it with modern lifestyle is about to be built.

CPI Property Group: The reconstructed First Republic Palace Bubenská 1 has been approved

The more than a billion-dollar reconstruction of the functionalist building known as the Palace of Electrical Enterprises is almost complete. The unique building in Prague's Holešovice, which was originally completed in 1937, was successfully approved. Marketing, advertising and PR agencies, which are part of the multinational company WPP, will soon move into the renovated office space. The company, which will occupy almost 2/3 of the building, is now starting to prepare and implement its future offices. The Bubenská 1 project is one of the largest and most technically demanding reconstructions of a listed building in Prague.

How Blackstone paid for The Ritz-Carlton on Maui

Blackstone Group paid a reported $275 million to purchase the The Ritz-Carlton, Kapalua on Maui last month and financed the deal with a securitized debt package from Goldman Sachs.

Amazon's HQ2 is a Split Decision, New York and Northern Virginia Win Bids

This week Amazon announced their final selection for the location of their second headquarters. In a change to the original plan, Amazon decided to split the location of their new headquarters between two cities choosing New York and Northern Virginia.

Bakala sold real estate in Karlin

Businessman Zdeněk Bakala sold a real estate complex in Prague Karlin to Amundi Czech Republic real estate fund. Part of the Forum is the multifunctional forum of Karlín, Šárka Samková's spokeswoman Bakal said. Both sides agreed not to publish the transaction price.
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