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New breeam certificate confirmed the sustainability of the new Centrum Černý Most

New breeam certificate confirmed the sustainability of the new Centrum Černý Most

Prague, 11th June 2012 – Centrum Černý Most shopping centre fully meets the required standards and achieved a BREEAM rating of “VERY GOOD”. The new certificate represents an important milestone in the development of the new supra-regional shopping centre and confirms the sustainable approach of its developer Unibail-Rodamco. It is the first building in Prague certified BREEAM ”VERY GOOD” in the “Retail” category.

Author: SF, Date: 12.06.2012whole article »

The silk road of the 21st century

The silk road of the 21st century

“As China and India’s share of world output is set to increase markedly over the next decade, this implies increased trade between themselves and Europe,” says Omar Sattar, MRICS, Managing Director, Colliers International Czech Republic. “Given pressure to lower both business and environmental costs in supply chains, we expect an increased push for additional trade to begin to flow increasingly through Europe’s southern entry points.

Author: SF / zs, Date: 29.05.2012whole article »

Bratislava Offices: No new supply this quarter

Bratislava Offices: No new supply this quarter

„2012 has started with solid take-up, although almost half of it was attributed to renegotiations. Due to no supply, vacancy rate decreased and we expect further fall in the upcoming months until the new space will be delivered before the end of this year“, said Oliver Galata, Head of Office Agency CBRE in Slovakia. Total leasing activity in Q1 2012 reached 24,191 sq m, while almost half of this amount was attributed to renegotiations. Overall office vacancy rate decreased slightly by 100 bps q-o-q to 10.2%.

Author: SF / zs, Date: 11.05.2012whole article »

Stability is the name of the gametrend

Stability is the name of the game

Stability is the name of the game on the Czech Republic real estate market in 2012. This is according to the recently published annual report by Colliers International, 2012 Eastern Europe Real Estate Review: Czech Republic. The report provides a summary of 2011, an examination of recent trends, and prognosis concerning the office, retail, industrial and investment markets of the Czech Republic in 2012. The report also comments on the economic conditions within the country, as well as its proximity to Germany, in relation to overall future outlook.

Author: SF / zs, Date: 20.03.2012whole article »

Colliers International Eastern Europe sums up 2011

Colliers International Eastern Europe sums up 2011

Colliers International looks forward to 2012 with optimism. Colliers is a leader in the industrial market in Poland and Eastern Europe. In the office market the region is at the forefront in terms of market representation, Romania has the largest investment market share.

Author: Colliers International, Date: 05.03.2012whole article »

Office market: figures for the fourth quarter of 2011

Office market: figures for the fourth quarter of 2011

The Prague Research Forum is pleased to announce the office market figures for the fourth quarter of 2011. The members of the Prague Research Forum – CB Richard Ellis, Colliers International, Cushman & Wakefield, DTZ, Jones Lang LaSalle – share non-sensitive information with the aim of providing clients with consistent, accurate and transparent data about the Prague office market.

Author: SF / zs, Date: 16.01.2012whole article »

Lexxus: Waiting lists for the best projects once again

Lexxus: Waiting lists for the best projects once again

It seems that the situation in the housing market is finally starting to stabilize. If there are still objections raised in some cities, this would certainly not be the case of Bratislava. As Lexxus, a company operating on the Slovak housing market since 2005, notes in its latest newsletter, there were new projects in the capital during the summer and early autumn and the number of sold flats also increased. What stirred it up, according to Lexxus? Discounts, but also well selected products in an attractive location. Real estate experts also add the availability of mortgages, and they all claim that the best time to buy a flat or a house has come now.

Author: SF / Juraj Pokorný, Date: 15.11.2011whole article »

Banks´ trust in real estate investment returns

Banks´ trust in real estate investment returns

According to a recent survey conducted by KPMG, investment in real estate projects in Central and Eastern Europe (CEE) has shown increase in 2011. Banks´ trust in their financing is yet the highest in Poland, Austria and the Czech Republic, followed with some distance by Slovakia and Romania. Banks’ optimistic outlook of the real estate market is also positively reflected in the total value of investment transactions.

Author: SF/pb, Date: 01.11.2011whole article »

Construction of new offices in Bratislava finally moving

Construction of new offices in Bratislava finally moving

Looking at the office property development now, apart from the quarterly or yearly comparison, it is clear that something is – at least in the capital of Slovakia – finally stirring. Investor Pressburg Urban Projects the launched long postponed construction of an office building Forum Business Center at the corner of Bajkalská and Prievozská streets. This project will bring 17,600 sqm of A-class leasable area. Company Immocap Group announced just a few days ago that the 19,000 sqm of administration section of the multi-purpose complex Centrál, which is expected to be completed within next year, is already 75% occupied. Yet, this is not all.

Author: SF / Juraj Pokorný, Date: 04.10.2011whole article »

Transformation of the construction sector in full swing

Transformation of the construction sector in full swing

Since 2006, our company CEEC Research carries out regular research of the construction sector in the Visegrad Four countries. Over this six-year period, we have had the opportunity to monitor the development not only of construction sector itself, but also changes in behaviour and management of individual companies. Especially the last three years were very turbulent in this respect, and without exaggeration we can call them the beginning of transformation of the Czech construction industry.

Author: Jiří Vacek, Date: 04.10.2011whole article »

Summer time-out

Summer time-out

Not only people, but also websites need to take a rest, so we will take leave partly in August. But really only partly as we will continue to bring news on events in the real estate sector. Certainly, they will not be dull affairs, the real estate is truly “pregnant“ with expectations. “Hopefully it will get going!“, this is what Omar Koleilat from Crestyl hopes in the interview you will soon read on our website.

Nová Karolina Park has a new investor

Nová Karolina Park has a new investor

The project for more than a billion crowns, the construction of office centre Nová Karolina Park near the Ostrava downtown is on track again, after a two-year break. A new investor has been found – company GEMO Olomouc has put 200 million crowns into the project. Construction work was resumed last week. “We had to take some risk. But we are glad that we could enter into the project,” said Jaromír Uhýrek , CEO of GEMO Olomouc.

Author: SF / pb, Date: 07.07.2011whole article »

Banks increasingly hungry for officestrend

Banks increasingly hungry for offices

Philadelphia skyscraper – the latest addition to the numerous family of buildings the BB Centrum in Michle – already has a tenant. It is UniCredit bank, which will occupy 14 of its 17 floors, including the ground floor, which is 26,700 sqm. This report from the Prague office market rhymes well with the European trend. Banks, traditional engine of the sector – after years of so-called optimization – are again beginning to expand their office space.

Author: SF / pb, Date: 28.06.2011whole article »

Real estate market: no reason to cry, no reason to rejoicetrend

Real estate market: no reason to cry, no reason to rejoice

After the fall caused by global recession when the housing prices in the Czech Republic have fallen by 21%, and the family home prices by 5% since 2008, the Czech real estate market is reviving and the prices of residences should remain stable. Moderate risk of further downward movement could perhaps be caused by forced sales of new buildings and deregulation. A similar situation – not alarming, but not ideal, determined mainly by weaker demand – is (found) in the segment of commercial real estate. This is how the Czech National Bank (CNB) in its this year's financial stability report describe the Czech real estate market.

Author: SF / Petr Bým, Date: 21.06.2011whole article »

Next year will be more tourists (and hotels)trend

Next year will be more tourists (and hotels)

Czech hotel property development should be – at least judging by reality – in a rather gloomy mood. The global economic recession, which has strongly affected tourism and hence investors´ demand for hotel capacities, hasn´t fully subsided yet. However, it is obvious that many a domestic property developers or investors are able to view and ponder in a longer perspective – and their optimism is backed by the latest statistical figures as well as long-term prognosis.

Author: SF / Petr Bým, Date: 21.06.2011whole article »
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