PPF Group, which is owned by Czech businessman Petr Kellner, has finalised the acquisition of the City Tower skyscraper in Pankrác (Prague 4), according to local media.
Prague deputies greenlighted re-development plans for the area surrounding the Smíchov railway station on Thursday, approving a change to the master plan proposed by the project’s developer, Sekyra Group.
PointPark Properties (P3), the specialist investor, developer and asset manager of warehouse properties, has bought 22 hectares of land alongside the D11 motorway east of Prague for a new 120,000 m2 logistics park which, when complete, will boost its total lettable area around the Czech capital by nearly 40%. The company will develop the site for a total investment of around €85 million to serve the rapidly growing demand for quality warehousing and distribution space in the vicinity of the city.
FIVE! Smíchov Offices intends to stand out from the gray and uniform office projects and provide the tenants a modern and creatively conceived environment in which they will feel comfortable.
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