International real estate operator IMMOFINANZ, known for its STOP SHOP shopping parks, VIVO! and office real estate myhive, has committed to compensating all energy consumption in the Czech Republic exclusively with renewable sources since 2021. An environmental certificate issued by the energy supplier, Pražská energetika (PRE), recently confirmed IMMOFINANZ's responsible behavior and consideration for the environment in which its focus on sustainable development and its commitment to a green future.
The prolific change of 2020 has shaped the real estate industry more than anything else in decades. The digitization had been underway before the pandemic, but the speed of that shift has accelerated in ways that nobody could have predicted.
Due to the covid-19 pandemic, investors were more interested in waiting tactics in part of last year. This gave them enough time to carefully assess the risks and better assess the next steps. Therefore, the second year with coronavirus starts with increased activity. According to the current CBRE survey of commercial real estate investors, 50% of companies active in Central and Eastern Europe expect increased transaction activity this year.
Alza.cz used a year-long work from home to complete the reconstruction of part of its headquarters in Prague's Holešovice. Its employees now have a large café for meeting colleagues, a greenspace full of live plants with shared jobs and 42 meeting rooms on an area of over 10,000 m2. One of them is in a restored van Saviem from 1961.
Travel restrictions and the inability to meet in person have caused a lot of headaches for many market players but in many cases, it also provided certain types of investors with an advantage. Pavel Streblov, Business Director at Penta Real Estate talks about the company’s development and investment strategy and shared his expectations for the year ahead.
The PASSERINVEST Group concluded a significant transaction, which will evidently be one of the largest real estate deals of the year, with the sale of the Nová Karolina Park office building in the centre of Ostrava. The investment group RT TORAX Group became the new owner.
Petr Narwa, Head of Transaction & Consulting Services at Prochazka & Partners, who has long been involved in commercial real estate and investment services, answered the interview. What does Petr say about the current situation in the market, where tenants are currently trying to save as much as possible and where the pandemic has disrupted the income of real estate investors?
Currently, there is a clear trend for commercial property managers to realize the need for digital tools for professional property management. Although Excel has historically been sufficient, there are now more appropriate tools available that are based on specific needs. Moderan, which was founded in 2015 in Estonia, announces its official expansion into the Czech Republic and Slovakia.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
