The ever-expanding JRD Group, which covers five divisions under its brand (JRD Development, JRD Plazma, JRD Energo, JRD Property and JRD Invest), achieved total sales of CZK 2.14 billion last year. JRD Development occupies a dominant position in it, with last year's results of CZK 1.61 billion. The individual divisions cover a wide range of industries, from residential or land development through investments in profitable real estate to energy from renewable and secondary sources. This includes, for example, a portfolio of photovoltaic and wind power plants or a groundbreaking plasma waste gasification technology.
CB Property Investors The sub-fund (CB Property Investors), a real estate fund of qualified investors, closed the first subscription round at the end of June 2021 and opens both to new construction and, above all, to the sustainable re-development of existing properties. The fund's strategy met with investor interest that exceeded expectations. The speed with which the first subscription round of investments was filled points not only to free capital, but also to the gap in the real estate market that the fund is filling. At the same time, this opens up space for further development of construction in the Czech Republic and Slovakia.
At the beginning of the year, it seemed that many coworking centers or shared offices could not survive the measures associated with the Covid-19 pandemic. It was on shared workspaces, whose philosophy is based on meeting, personal communication and cooperation, that the constraints fell very hard. However, as the results of the June analysis of the consulting company BNP Paribas Real Estate show, this spring most of the operators of coworking and serviced offices felt a new wave of interest.
CFIG Real Estate, which belongs to the CFIG financial and investment group, presents the final version of the Palachovka project. The company bought the five-storey administrative center in the wider center of Pardubice from the construction holding Enteria. The finished premises should be ready to move in by the end of 2022.
pbb Deutsche Pfandbriefbank (pbb) and Helaba have jointly underwritten an investment facility, totalling €130 million to refinance “Dock In Office Park” (4 buildings) in Prague for Crestyl Group. pbb and Helaba are acting as joint lead arrangers providing equal portions of the funding. pbb also acted as facility and security agent of the transaction.
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.
Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.
CA Immo has entered into a lease agreement with the international group BATIST Medical Holding for 1,000 square meters in the Missouri Park office building, which is currently under construction. The area of Prague 8 - Karlín belongs to the premium office locations and in combination with the high quality of this building we managed to achieve a record amount of rent for this city district as well.
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