The activity of real estate investors fell to the lowest values since 2013 in the first quarter of this year. The owners changed their commercial (and residential) buildings for EUR 310 million. Rather than the effects of covid measures, the result was affected by the lack of quality real estate to buy.
The pandemic slowed down but didn't slow down developers' plans in the retail segment. One of the reasons is the arrival of new brands on the domestic market. Last year, which was significantly affected in retail by restrictions related to Covid-19, 25 brands were added, mostly in the field of fashion and fashion accessories. In contrast, several other major tenants reported a reduction in areas or even bankruptcy.
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Tereza Matejkova
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Pavlina Linhartova
+42 070 396 3061
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