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.
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?
According to the latest Savills report, the volume of commercial real estate investments in the Czech Republic in the second half of 2020 amounted to € 797 million, with 60% (ie € 478 million) of these investments related to Prague real estate.
23 thousand square meters of offices and almost five thousand square meters of shops at a price of 25 to 30 euros per meter. Penta has opened an offer of premises in the upcoming Masaryčka complex and the first applicants are already applying.
The hitherto inhospitable territory between Walonovka in Jinonice and the new ČSOB headquarters in Radlická is undergoing a transformation. The Penta investment group is preparing to continue the Waltrovka residential and office complex there.
CPI Property Group, the largest property owner in the Czech Republic, Berlin, Warsaw and the region of Central and Eastern Europe, announces the successful issue of ten-year senior unsecured bonds and hybrid bonds with a total value of EUR 1 billion.
The Crestyl real estate group will enter the next phase of construction of the Savarin project in the center of the capital with full property control over the project. The money from the just-started bond issue will be used, among other things, for the payment of investors.
The attractive Nová Karolina Park office building in Ostrava is enjoyed by a newly arrived tenant, Brose CZ. Brose is one of the world's leading suppliers of automotive components. It is a family-owned company originating in Germany and has leased 1,700 m2 of office space in a building owned by the investment and development company Passerinvest Group. Preparations for future offices began in mid-September 2020, and employees have been moving to them since December last year.
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