CPI Property Group, the largest real estate owner in the Czech Republic, Berlin and Central and Eastern Europe, represents its financial results for the 2018 financial year.
Penta Real Estate selected a new owner of all Waltrovka office buildings in Jinonice, Prague, in an international tender. The purchase agreement was signed by GLL Real Estate, a Macquarie Group, which manages Hanwha Investment & Securities in South Korea.
At the end of last year, the Prague office market was approximately 3.5 million square meters of modern office space. Almost 157,000 square meters of office space was completed in 2018. It is the strongest construction in the last 10 years, but it is not enough to meet the demand for new offices.
Mint Investments as a co-investor and partner of the investment company Tristan Capital Partners purchased in 2017 the administrative complex Avenir Park in Prague's Nové Butovice. Since then, as a landlord and building manager, he has been taking a number of steps to revitalize the complex to meet the current demands of a dynamically developing office market. Investments last year amounted to more than CZK 10 million.
Concrete is no longer just a building material, it forms everything around us. For its informal appearance, it is used on interiors in interiors, and is now increasingly penetrating product design.
Construction last year grew fastest in the last 14 years. But even more than other disciplines, there is a shortage of workers, with 95% of companies reporting problems with filling vacancies. Will construction companies be forced to refuse orders for lack of capacity this year?
Cushman & Wakefield represented Generali Real Estate in the acquisition of Spork Palace, a unique project in Prague 1. The seller is SEBRE, as The price was not published. The contract was signed on March 11, 2019.
According to the latest Colliers International survey, there is a global increase in real estate investment, institutional investors are looking for opportunities to increase their real estate portfolios and new capital resources.
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